Overview
What is Housing Opportunities Of Wilmington Inc?
Housing Opportunities of Wilmington Inc is a nonprofit organization situated in Wilmington, North Carolina. Their primary focus is on investing in low and moderate income housing partnerships. Specifically, they are involved as a limited partner in several North Carolina-based limited partnerships, which aim to acquire, construct, and manage apartment complexes for individuals with moderate income levels. These housing complexes are monitored by the North Carolina Housing Finance Agency to ensure affordable rent charges, tenant eligibility, and fair partner distributions.
Is Housing Opportunities Of Wilmington Inc legitimate?
Housing Opportunities Of Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities Of Wilmington 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
For more financial information, click here
What is the mission statement of Housing Opportunities Of Wilmington Inc?
Housing Opportunities Of Wilmington Inc's mission is centered around investing in housing partnerships for individuals with low and moderate incomes. The organization acts as a limited partner in North Carolina-based partnerships, which are established for the purpose of purchasing, constructing, and managing apartment complexes. These complexes are designed to provide affordable living spaces for eligible individuals. The organization's activities are monitored to ensure compliance with rent charges, tenant eligibility, and partner distributions. The primary goal is to contribute to the provision of affordable housing solutions.
Who is the CEO of Housing Opportunities Of Wilmington Inc?
Betty Bisbee is the Acting Chair of Housing Opportunities Of Wilmington Inc.
What is the revenue of Housing Opportunities Of Wilmington Inc?
Housing Opportunities Of Wilmington Inc's revenue in 2022 was $54.
Who are the executives of Housing Opportunities Of Wilmington Inc and what are their salaries?
There 7 volunteers at Housing Opportunities Of Wilmington Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $60,008
- Other: $0
Where can I find the form 990 for Housing Opportunities Of Wilmington Inc?
Housing Opportunities Of Wilmington Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Opportunities Of Wilmington Inc
Housing Opportunities Of Wilmington Inc is dedicated to investing in low and moderate income housing partnerships. Their mission, in essence, is to contribute financially to several limited partnerships established in North Carolina. These partnerships have the primary objective of purchasing, constructing, and managing apartment complexes catering to individuals with low to moderate income levels. The organization serves as a limited partner in these partnerships, ensuring the compliance of the rent charges, tenant eligibility, and partner distributions. The apartment complexes under the supervision of Housing Opportunities Of Wilmington Inc are situated in Wilmington, North Carolina. The North Carolina Housing Finance Agency is responsible for monitoring these complexes to ensure they adhere to the set standards.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Housing Opportunities Of Wilmington Inc significantly influences the local community by investing in partnerships aimed at developing housing for low and moderate-income individuals. The organization participates as a limited partner in various North Carolina partnerships dedicated to acquiring, constructing, and managing apartment complexes specifically designed for those with limited financial resources.
These housing initiatives address the pressing need for affordable living options in Wilmington, ensuring that individuals and families have access to safe and secure homes. The complexes are rigorously monitored by the North Carolina Housing Finance Agency, which oversees important aspects such as rent affordability, tenant eligibility, and equitable partner distributions. This oversight helps maintain quality housing standards, creating a stable living environment for residents. Ultimately, the efforts of Housing Opportunities Of Wilmington Inc contribute to a more inclusive and supportive community by enhancing housing accessibility and promoting economic stability for vulnerable populations.
This information is meant to be a general summary of Housing Opportunities Of Wilmington 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 2022.
- Investment Income: $54
- Gross Receipts: $54
Assets and Liabilities:
- Total Assets: $274,531
- Total Liabilities: $0
- Net Assets: $274,531
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(910) 763-7709Principal Officer
Betty Bisbee
Main Address
PO BOX 547, WILMINGTON, NC, 28402
NTEE Category
Code: L20 - Housing
If you are a representative of Housing Opportunities Of Wilmington Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.