Wake County Housing Finance Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581485396 ✦ Zebulon, NC ✦ Designated as a 501(c)(3)

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Overview

What is Wake County Housing Finance Corporation?

Wake County Housing Finance Corporation is a nonprofit organization situated in Zebulon, North Carolina. Its primary mission is to offer affordable rental housing options, apartments, and home rehabilitation services to low-income residents residing in Wake County, NC. The corporation's activities align with this mission, providing essential housing solutions to those in need. The organization's commitment to its mission extends to enhancing the living conditions of its community members, contributing to a more inclusive and equitable society.

Is Wake County Housing Finance Corporation legitimate?

Wake County Housing Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wake County Housing Finance Corporation 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 Wake County Housing Finance Corporation?

The Wake County Housing Finance Corporation is dedicated to serving low-income residents by providing them with rental apartments, homes, and facilitating home rehabilitation. In line with its mission, the organization has been actively providing rental properties to individuals in financial need within the county. The corporation's primary goal is to contribute to improving the living conditions of these residents, thereby enhancing their overall quality of life. Additionally, the organization may also engage in home rehabilitation projects to make existing homes more livable for its clientele.

Who is the CEO of Wake County Housing Finance Corporation?

Steve Smalto is the Chairperson of Wake County Housing Finance Corporation.

What is the revenue of Wake County Housing Finance Corporation?

Wake County Housing Finance Corporation's revenue in 2023 was $55,850.

Who are the executives of Wake County Housing Finance Corporation and what are their salaries?


Here are 6 key members and their salaries:


Steve Smalto (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenya Pleasant (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Swetha Kumar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Austin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devone Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Short-Slightom (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wake County Housing Finance Corporation?

Wake County Housing Finance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Wake County Housing Finance Corporation

Wake County Housing Finance Corporation is an organization dedicated to serving low-income residents within its jurisdiction. Their primary mission is to provide a range of housing solutions, including rental apartments, homes, and home rehabilitation services. This nonprofit entity works tirelessly to ensure that individuals who fall under the low-income bracket have access to suitable living spaces, thereby contributing to their overall well-being. By offering rental properties, the corporation plays a vital role in meeting the housing needs of this demographic, thereby promoting a sense of stability and security within the community.

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Impact




October, 2024

Wake County Housing Finance Corporation significantly impacts the community by providing affordable rental apartments and homes specifically for low-income residents in Wake County, NC. By focusing on housing solutions, the organization addresses critical needs within the community, ensuring that families have access to safe and stable living conditions.

The organization not only supplies rental properties but also engages in home rehabilitation, enhancing the quality of housing available to those in need. This dual approach not only supports immediate housing needs but also contributes to the preservation and improvement of neighborhoods. Overall, the Wake County Housing Finance Corporation plays a vital role in fostering stability and promoting better living conditions for low-income individuals and families in the region.




This information is meant to be a general summary of Wake County Housing Finance Corporation. 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.

Revenue
$55,850 (2023)
Expenses
$52,076 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $596
  • Program Service Revenue: $52,695
  • Gross Receipts: $55,850

Assets and Liabilities:

  • Total Assets: $602,130
  • Total Liabilities: $12,300
  • Net Assets: $589,830

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL

Revenue

$52,695

Organization Details

Founding Year

1983

Principal Officer

Steve Smalto

Main Address

PO BOX 399, ZEBULON, NC, 27597

NTEE Category

Code: L20 - Housing

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