Overview
What is Cumberland Courts?
Cumberland Courts is a nonprofit organization dedicated to providing affordable housing solutions to the wider community. Their primary mission is to make housing accessible for individuals from all walks of life, ensuring that everyone has a place to call home without straining their financial resources. This mission is clearly reflected in their description, which emphasizes their commitment to supplying affordable housing to the general public. Although the information provided does not detail the specific programs or initiatives they offer, it is evident that Cumberland Courts is committed to promoting affordable housing as a fundamental right for everyone.
Is Cumberland Courts legitimate?
Cumberland Courts is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cumberland Courts 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: $277,737
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What is the mission statement of Cumberland Courts?
Cumberland Courts is dedicated to providing affordable housing solutions for the broader public. Their mission is centered around making housing accessible for all, ensuring that everyone has the opportunity to secure a residence within their means. They strive to make a significant impact in the community by offering reasonably priced housing options, thereby contributing to a more equitable living environment. While the specific activities and initiatives undertaken by Cumberland Courts to achieve this mission may vary, the core objective remains consistent: to provide affordable housing for the general public.
What is the revenue of Cumberland Courts?
Cumberland Courts's revenue in 2024 was $1,371,976.
Who are the executives of Cumberland Courts and what are their salaries?
The average compensation at Cumberland Courts during 2024 was $30,860. There are 9 employees at Cumberland Courts.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cumberland Courts?
Cumberland Courts's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cumberland Courts
Cumberland Courts is an organization dedicated to fulfilling a vital mission in the realm of housing. Their primary focus is on supplying affordable housing solutions to the general public. By offering affordable housing, Cumberland Courts aims to make a significant impact on individuals and families who may be struggling financially, ensuring they have access to a basic necessity. This mission is carried out through their day-to-day operations, which revolve around providing affordable housing options to the community at large.
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Impact
October, 2024
Cumberland Courts plays a significant role in addressing the affordable housing crisis in Greensboro, NC. By supplying accessible and affordable housing options to the general public, it helps improve living conditions for individuals and families who may otherwise struggle to secure stable housing. This initiative not only supports economic stability for residents but also fosters community development and cohesion. By offering affordable housing solutions, Cumberland Courts helps alleviate the financial burden on low- to moderate-income families, contributing to a more equitable society and enhancing the overall quality of life in the area.
This information is meant to be a general summary of Cumberland Courts. 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 2024.
- Investment Income: $1,866
- Program Service Revenue: $1,370,110
- Gross Receipts: $1,371,976
Assets and Liabilities:
- Total Assets: $2,749,259
- Total Liabilities: $3,827,800
- Net Assets: -$1,078,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-LOW INC HOUSING
Revenue
$1,349,535
OTHER RENTAL INCOME
Revenue
$20,575
Organization Details
Founding Year
1962
Principal Officer
Melvin Alston
NTEE Category
Code: L21 - Housing
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