Overview
What is Housing Development Corporation Of Rock Hill?
Housing Development Corporation of Rock Hill is a nonprofit organization situated in Rock Hill, South Carolina. Its primary mission is to assist low and moderate-income individuals in becoming homeowners. The corporation achieves this by purchasing houses, selling them to eligible buyers, and utilizing the sale proceeds to construct more homes. Additionally, the organization conducts pre-purchase financial counseling and provides down payment and closing cost assistance funded by federal grants. To further support the local community, Housing Development Corporation of Rock Hill utilizes Community Development Block Grant funding for the rehabilitation of older, owner-occupied homes.
Is Housing Development Corporation Of Rock Hill legitimate?
Housing Development Corporation Of Rock Hill is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corporation Of Rock Hill 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Housing Development Corporation Of Rock Hill
The Housing Development Corporation of Rock Hill is committed to assisting individuals with low and moderate income in achieving homeownership. The organization accomplishes this by purchasing homes, subsequently selling them to income-qualified buyers. The profits from these sales are then utilized to construct additional homes, creating a continuous cycle of home provision. Furthermore, the organization conducts pre-purchase financial counseling and offers down payment and closing cost assistance, funded by federal grants. Additionally, the Housing Development Corporation of Rock Hill utilizes Community Development Block Grant funding to renovate older homes that are owner-occupied.
Impact
This information is meant to be a general summary of Housing Development Corporation Of Rock Hill. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Housing Development Corporation Of Rock Hill's impact can be seen in its efforts to help low and moderate-income individuals achieve homeownership. By purchasing homes, selling them to income-qualified buyers, and reinvesting the proceeds to build more homes, the organization is actively addressing the issue of affordable housing in the community. Additionally, their provision of pre-purchase financial counseling and assistance with down payments and closing costs, funded by federal grants, further supports individuals in their journey towards becoming homeowners. Through initiatives like rehabilitating older homes with Community Development Block Grant funding, the organization is making a tangible difference in improving housing options for those in need.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1991
Phone
(803) 326-2463
Principal Officer
Corinne Sferrazza
Main Address
PO BOX 11706, ROCK HILL, SC, 29730
NTEE Category
Code: L20Z - Housing
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