Overview
What is Foresight Affordable Housing Of Md Inc?
Foresight Affordable Housing Of Md Inc is a nonprofit organization, initially established to provide affordable housing for a 207-unit community, funded by the Low Income Housing Preservation and Resident Homeownership Act of 1990. After operating this community, the organization sold the asset in 2015. At present, Foresight Affordable Housing of Maryland Inc is awaiting the acquisition of another affordable housing community using the proceeds from the previous sale. The organization's mission is centered around offering affordable housing opportunities. It is located in Ventnor City, New Jersey, with an address at 6601 Ventnor Avenue STE 23.
Is Foresight Affordable Housing Of Md Inc legitimate?
Foresight Affordable Housing Of Md Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foresight Affordable Housing Of Md Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Foresight Affordable Housing Of Md Inc?
Foresight Affordable Housing of Maryland, Inc., initially, was established with a mission to provide affordable housing for a 207-unit community, funded by the Low Income Housing Preservation and Resident Homeownership Act of 1990. The organization successfully operated and maintained this community until January 13, 2015, when it sold the asset. Currently, Foresight Affordable Housing of Maryland, Inc. is awaiting the acquisition of another affordable housing community using the proceeds from the sale.
Who is the CEO of Foresight Affordable Housing Of Md Inc?
Donald Reape is the President of Foresight Affordable Housing Of Md Inc.
What is the revenue of Foresight Affordable Housing Of Md Inc?
Foresight Affordable Housing Of Md Inc's revenue in 2021 was $285.
Who are the executives of Foresight Affordable Housing Of Md Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $79,725
- Other: $13,073
- Compensation: $0
- Related: $32,419
- Other: $13,061
- Compensation: $0
- Related: $17,415
- Other: $0
Where can I find the form 990 for Foresight Affordable Housing Of Md Inc?
Foresight Affordable Housing Of Md Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Foresight Affordable Housing Of Md Inc
Foresight Affordable Housing of Maryland, Inc., originally established with a mission, aimed to provide affordable housing for a 207-unit community. This mission was made possible through funding obtained from the Low Income Housing Preservation and Resident Homeownership Act of 1990. Prior to January 13, 2015, the organization successfully operated and maintained this affordable housing community. However, on this date, the asset was sold, marking a transition in the organization's journey. Currently, Foresight Affordable Housing of Maryland, Inc., is awaiting the acquisition of another affordable housing community using the sale proceeds. Through its mission, the organization has played a significant role in providing affordable housing solutions, contributing to the well-being of its community.
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Impact
October, 2024
Foresight Affordable Housing of Maryland, Inc. has significantly impacted the community by providing affordable housing solutions. Originally focused on operating a 207-unit community, the organization played a vital role in offering accessible living options through its initiatives funded by the Low Income Housing Preservation and Resident Homeownership Act of 1990. Although the original asset was sold in January 2015, the organization remains committed to its mission and is actively seeking to acquire another affordable housing community, thereby continuing its efforts to address housing needs for those in the area. This ongoing commitment highlights the organization's dedication to uplifting the community and ensuring that affordable housing remains available for residents.
This information is meant to be a general summary of Foresight Affordable Housing Of Md Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $285
- Gross Receipts: $285
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1996
Principal Officer
Donald Reape
Main Address
6601 Ventnor Avenue STE 23, Ventnor City, NJ, 08406
NTEE Category
Code: L80 - Housing
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