Overview
What is City Of Fairfax Renaissance Housing Corp?
City of Fairfax Renaissance Housing Corp is a nonprofit organization based in Fairfax, Virginia. Their primary mission is to revitalize and enhance the residential neighborhoods in the city by providing eligible homeowners with an opportunity to upgrade their homes. They accomplish this by participating in a program in partnership with a local bank. Homeowners can secure two-year loans for home improvements, and the corporation pays the interest on these loans. By doing so, the organization encourages homeowners to improve their old and deteriorated properties, thereby contributing to the overall improvement of the community.
Official website here: www.fairfaxva.gov/government/community-developmen
Is City Of Fairfax Renaissance Housing Corp legitimate?
City Of Fairfax Renaissance Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Fairfax Renaissance Housing Corp 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fairfaxva.gov/government/community-developmen
What is the mission statement of City Of Fairfax Renaissance Housing Corp?
The City of Fairfax Renaissance Housing Corp's mission is to encourage community revitalization and redevelopment. This is achieved by providing an appealing opportunity for homeowners to upgrade their homes. The corporation participates in a program in collaboration with a local bank, where the bank lends money to eligible homeowners for home improvements. The corporation covers the interest on these 2-year bank loans, thereby making home improvements more affordable for homeowners. The purpose of this loan program is to motivate homeowners to improve old and deteriorated homes, thereby enhancing the quality of residential neighborhoods.
Official website here: www.fairfaxva.gov/government/community-developmen
Who is the CEO of City Of Fairfax Renaissance Housing Corp?
Dale Lestina is the President of City Of Fairfax Renaissance Housing Corp.
Official website here: www.fairfaxva.gov/government/community-developmen
What is the revenue of City Of Fairfax Renaissance Housing Corp?
City Of Fairfax Renaissance Housing Corp's revenue in 2023 was $213,478.
Official website here: www.fairfaxva.gov/government/community-developmen
Who are the executives of City Of Fairfax Renaissance Housing Corp and what are their salaries?
There 6 volunteers at City Of Fairfax Renaissance Housing Corp.
Here are 6 key members and their salaries:
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Official website here: www.fairfaxva.gov/government/community-developmen
Where can I find the form 990 for City Of Fairfax Renaissance Housing Corp?
City Of Fairfax Renaissance Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fairfaxva.gov/government/community-developmen
Learn more at the official website: www.fairfaxva.gov/government/community-developmen
Mission Statement of City Of Fairfax Renaissance Housing Corp
The City of Fairfax Renaissance Housing Corp is dedicated to encouraging community revitalization and redevelopment. In pursuit of this mission, the organization provides an appealing opportunity for homeowners in Fairfax to upgrade their homes. To accomplish this objective, the corporation collaborates with a local bank, enabling qualified homeowners to secure loans for home improvements. Remarkably, the corporation assumes responsibility for paying the interest on these two-year bank loans. By doing so, the City of Fairfax Renaissance Housing Corp creates an incentive for homeowners to improve their outdated and deteriorated properties, thereby enhancing the overall quality of residential neighborhoods in Fairfax. This initiative ultimately contributes to the revitalization and redevelopment of the community.
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Impact
October, 2024
City Of Fairfax Renaissance Housing Corp significantly impacts the community by facilitating home improvements for local homeowners. By partnering with a local bank, the organization provides an attractive financial opportunity that allows homeowners to access loans for upgrading their properties, with the added benefit of having the interest covered for a two-year period.
This program not only incentivizes homeowners to enhance their residences but also contributes to the overall revitalization of the city's neighborhoods. By establishing criteria for participation and evaluating applications, the organization ensures that the funds are directed toward those who are eligible and committed to improving their homes. Ultimately, this initiative fosters a more vibrant and visually appealing community, enhancing the quality of life for all residents in Fairfax.
This information is meant to be a general summary of City Of Fairfax Renaissance Housing Corp. 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 2023.
- Investment Income: $1,978
- Program Service Revenue: $1,500
- Gross Receipts: $213,478
Assets and Liabilities:
- Total Assets: $842,063
- Total Liabilities: $23,994
- Net Assets: $818,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION REVENUE
Revenue
$1,500
Organization Details
Founding Year
2000
Phone
(703) 385-2494Principal Officer
Dale Lestina
Main Address
PO BOX 3178, FAIRFAX, VA, 22038
NTEE Category
Code: L25 - Housing
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