Overview
What is Allen Temple Development Inc?
Allen Temple Development Inc is a nonprofit organization dedicated to providing affordable housing options. Households earning less than 60% of the local median income are eligible for reduced rent in their properties. Not all rental units in this property may be subject to Low Income Housing Tax Credit (LIHTC), allowing rent levels to exceed the area's LIHTC limits. This organization aims to make housing more accessible to those in financial need, contributing to the local community.
Is Allen Temple Development Inc legitimate?
Allen Temple Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen Temple Development 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 Allen Temple Development Inc?
Allen Temple Development Inc's mission involves providing housing units with reduced rent for households earning less than 60% of the local median income. Not all rental units in this property may be subject to Low Income Housing Tax Credit (LIHTC), allowing some to be set at rent levels higher than the area's LIHTC limits. This nonprofit organization aims to provide affordable housing options, ensuring that a portion of the population has access to reasonably priced housing.
Who is the CEO of Allen Temple Development Inc?
Dr Ruth Pac is the Treasurer of Allen Temple Development Inc.
What is the revenue of Allen Temple Development Inc?
Allen Temple Development Inc's revenue in 2022 was $0.
Who are the executives of Allen Temple Development Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Allen Temple Development Inc?
Allen Temple Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allen Temple Development Inc
Allen Temple Development Inc is an organization dedicated to providing housing solutions for families and households earning less than 60% of the area median income. This nonprofit offers reduced rent units to qualify individuals, ensuring affordability for those in need. It's important to note that not all rental units in this property are subject to the Low Income Housing Tax Credit (LIHTC). As a result, some rent levels may exceed the area's LIHTC limits. This flexibility allows Allen Temple Development Inc to cater to a broader range of income levels, thereby offering more inclusive housing options. Despite the termination or inactivity status of this organization, its mission to provide affordable housing remains significant in addressing housing inequality.
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Impact
October, 2024
Allen Temple Development Inc played a significant role in providing affordable housing options for households earning less than 60% of the area median income in Atlanta, Georgia. By offering rental units with reduced rent, the organization aimed to address the critical need for affordable accommodation in a region where housing costs can be prohibitive for lower-income families. The impact of Allen Temple Development Inc was particularly notable in creating opportunities for vulnerable populations to secure stable housing, thus contributing to community sustainability and improving the quality of life for many residents. While some of the rental units may have exceeded low-income housing tax credit limits, the overall mission centered on enhancing access to housing for individuals and families who otherwise may have struggled to find affordable options in the area.
This information is meant to be a general summary of Allen Temple Development 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1964
Principal Officer
Dr Ruth Pac
Main Address
P O BOX 310873, ATLANTA, GA, 30331
NTEE Category
Code: L80 - Housing
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