Overview
What is Housing Development Corporation Of Hampton Roads?
Housing Development Corporation of Hampton Roads is a nonprofit organization situated in Newport News, Virginia. Their primary mission is to provide affordable housing options for low-income and disabled individuals. To achieve this goal, they have successfully placed a variety of dwellings, including 12 single-family homes, one duplex, and a thirteen-unit apartment complex, within safe neighborhoods. The corporation works in collaboration with agencies and organizations that cater to low-income and homeless individuals and families, aiming to extend housing opportunities to those in need.
Is Housing Development Corporation Of Hampton Roads legitimate?
Housing Development Corporation Of Hampton Roads is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corporation Of Hampton Roads 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.
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What is the mission statement of Housing Development Corporation Of Hampton Roads?
The Housing Development Corporation of Hampton Roads is dedicated to procuring quality, affordable housing options in secure neighborhoods. This mission aims to cater to the needs of individuals and families who are served by various agencies and organizations, specifically those in the low-income and homeless categories. By purchasing and providing such housing opportunities, the corporation aims to contribute positively to their living situations. As of now, the organization has successfully placed 12 single-family homes, one duplex, and a 13-unit apartment complex to provide affordable housing for low-income and disabled individuals.
Who is the CEO of Housing Development Corporation Of Hampton Roads?
Bruce Lalonde is the President of Housing Development Corporation Of Hampton Roads.
What is the revenue of Housing Development Corporation Of Hampton Roads?
Housing Development Corporation Of Hampton Roads's revenue in 2022 was $338,563.
Who are the executives of Housing Development Corporation Of Hampton Roads and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Housing Development Corporation Of Hampton Roads?
Housing Development Corporation Of Hampton Roads's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Development Corporation Of Hampton Roads
The Housing Development Corporation of Hampton Roads is committed to purchasing quality, affordable, low-income housing in safe neighborhoods. Their primary mission is to provide housing opportunities for individuals and families served by various agencies and organizations that cater to low-income and homeless individuals. By acquiring and managing these properties, the corporation ensures that these vulnerable groups have access to decent and secure living spaces. To date, the organization has successfully placed 12 single-family homes, one duplex, and a thirteen-unit apartment complex, offering affordable housing solutions for low-income and disabled persons.
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Impact
October, 2024
Housing Development Corporation of Hampton Roads has a significant impact on the community by providing quality, affordable housing options specifically designed for low-income and disabled individuals and families. By acquiring homes in safe neighborhoods, the organization facilitates access to stable living conditions, which are crucial for the well-being and growth of its residents. With a portfolio that includes 12 single-family homes, a duplex, and a thirteen-unit apartment complex, the organization's efforts directly address the housing shortages faced by low-income and homeless populations.
This initiative not only offers a roof over their heads but also fosters a sense of community and belonging among residents, enhancing their overall quality of life. The housing solutions provided enable clients of various agencies and organizations to find stability, which can lead to improved health outcomes, educational advancements, and economic opportunities. The ongoing work of Housing Development Corporation of Hampton Roads reflects a commitment to uplifting vulnerable populations and promoting social equity through accessible housing solutions.
This information is meant to be a general summary of Housing Development Corporation Of Hampton Roads. 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: $63
- Program Service Revenue: $252,036
- Gross Receipts: $338,563
Assets and Liabilities:
- Total Assets: $1,795,938
- Total Liabilities: $1,169,594
- Net Assets: $626,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SVC RENT INCOME
Revenue
$252,036
Organization Details
Founding Year
2007
Principal Officer
Bruce Lalonde
Main Address
2 BERNARDINE DRIVE CO SISTER DAVID, NEWPORT NEWS, VA, 23602
NTEE Category
Code: L20 - Housing
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