Overview
What is Wilmington Housing Finance & Development Inc?
Wilmington Housing Finance & Development Inc is a nonprofit organization located at 3508 Frog Pond Place, Wilmington, North Carolina (NC 28403). Their primary mission is to support the development of low-income housing projects, with the goal of providing homes for moderate and low-income families upon completion. To achieve this, the organization offers funds and assistance for purchasing, acquiring, improving, renovating, and selling these properties. With a team of 10 employees, Wilmington Housing Finance & Development Inc plays an essential role in promoting affordable housing options within the community.
Is Wilmington Housing Finance & Development Inc legitimate?
Wilmington Housing Finance & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Housing Finance & 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: $60,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,689
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What is the mission statement of Wilmington Housing Finance & Development Inc?
Wilmington Housing Finance & Development Inc's mission is centered around providing financial aid and assistance for the purchase, acquisition, improvement, renovation, and sale of housing units. This is specifically for moderate and low-income families. Their primary objective is to facilitate the development of low-income housing projects, with the intention that these homes will be occupied by these families upon completion. The organization's role is crucial in making affordable housing accessible to those who need it most.
Who is the CEO of Wilmington Housing Finance & Development Inc?
Betty Bisbee is the Acting Chair of Wilmington Housing Finance & Development Inc.
What is the revenue of Wilmington Housing Finance & Development Inc?
Wilmington Housing Finance & Development Inc's revenue in 2022 was $317,108.
Who are the executives of Wilmington Housing Finance & Development Inc and what are their salaries?
The average compensation at Wilmington Housing Finance & Development Inc during 2022 was $18,270. There are 10 employees and 7 volunteers at Wilmington Housing Finance & Development Inc.
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- Compensation: $60,008
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Where can I find the form 990 for Wilmington Housing Finance & Development Inc?
Wilmington Housing Finance & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wilmington Housing Finance & Development Inc
Wilmington Housing Finance & Development Inc, as its mission statement suggests, is dedicated to providing financial aid and assistance for the procurement, acquisition, enhancement, renovation, and sale of moderate and low-income housing. In simpler terms, this nonprofit organization aims to facilitate the purchase and improvement of homes that are affordable for families with limited income, enabling them to occupy these properties upon completion. This mission is crucial in addressing the housing needs of a significant portion of the population, thereby contributing to the overall well-being of communities.
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Impact
October, 2024
Wilmington Housing Finance & Development Inc significantly impacts the local community by facilitating the availability of moderate and low-income housing. By providing essential funds and assistance, the organization enables the purchase, acquisition, improvement, renovation, and sale of housing that is often out of reach for many families. This not only helps to create affordable housing options but also promotes stability and quality of life for low and moderate-income residents.
Through the development of low-income housing projects, Wilmington Housing Finance & Development Inc ensures that families in need have safe and decent places to live. Their work helps to alleviate housing shortages and contributes to the overall economic well-being of the Wilmington area. By prioritizing the construction and enhancement of accessible housing, the organization plays a crucial role in supporting community growth and fostering inclusive neighborhoods where all residents can thrive.
This information is meant to be a general summary of Wilmington Housing Finance & 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.
- Investment Income: $49
- Program Service Revenue: $317,059
- Gross Receipts: $317,108
Assets and Liabilities:
- Total Assets: $1,514,511
- Total Liabilities: $163,419
- Net Assets: $1,351,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & ADMIN. FE
Revenue
$266,466
RENTAL REVENUE
Revenue
$46,000
OTHER REVENUE
Revenue
$4,126
LAUNDRY INCOME
Revenue
$1,320
INCOME FROM PASS-THROU
Revenue
-$853
Organization Details
Founding Year
1982
Phone
(910) 762-5004Principal Officer
Betty Bisbee
Main Address
3508 FROG POND PLACE, WILMINGTON, NC, 28403
NTEE Category
Code: L20Z - Housing
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