Overview
What is Northeast Georgia Housing Corporation?
Northeast Georgia Housing Corporation is a nonprofit organization based in Monroe, Georgia. Its primary mission is to support the Low Income Loganville Housing Authority by increasing the availability of affordable housing for low and very-low income households. They own land and improve it for this purpose, and the rents they charge are below market rates, further adjusted based on the tenant's income. The corporation also assists housing authorities in Walton and Morgan Counties, Georgia, in expanding their affordable housing supply. This commitment to affordable living helps improve the quality of life for numerous families in the served areas.
Is Northeast Georgia Housing Corporation legitimate?
Northeast Georgia Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Georgia Housing 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:
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What is the mission statement of Northeast Georgia Housing Corporation?
The Northeast Georgia Housing Corporation supports the mission of low-income housing authorities by increasing the supply of decent, safe, and affordable housing in the served areas. This non-profit organization plays a crucial role in aiding housing authorities in Walton and Morgan Counties, Georgia, by providing more affordable housing options for low and very-low income households. The corporation owns land and improves it for the use of residents, setting rental rates below market value and adjusting them based on the tenant's income. This strategy enables more families to secure housing within their financial means.
Who is the CEO of Northeast Georgia Housing Corporation?
Kevin A Stuart is the President/Cf of Northeast Georgia Housing Corporation.
What is the revenue of Northeast Georgia Housing Corporation?
Northeast Georgia Housing Corporation's revenue in 2022 was $130,528.
Who are the executives of Northeast Georgia Housing Corporation and what are their salaries?
There 6 volunteers at Northeast Georgia Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Northeast Georgia Housing Corporation?
Northeast Georgia Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Georgia Housing Corporation
Northeast Georgia Housing Corporation, a nonprofit organization, is dedicated to supporting the mission of low-income housing authorities by increasing the availability of decent, safe, and affordable housing in the areas they serve. The corporation achieves this goal by owning land, which it has acquired and improved, intended for the use of residents of the Low Income Loganville Housing Authority. In addition, Northeast Georgia Housing Corporation extends its support to housing authorities in Walton and Morgan Counties, Georgia, by facilitating the development of more affordable housing options for low-income and very-low income households. By setting rents below market rates and further adjusting them based on the tenant's income, the corporation ensures that housing remains accessible and affordable for those in need.
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Impact
October, 2024
Northeast Georgia Housing Corporation significantly enhances the availability of decent, safe, and affordable housing for low- and very-low-income households in Walton and Morgan Counties, Georgia. By acquiring and improving land, the Corporation directly supports the mission of the Loganville Housing Authority, providing essential housing solutions to residents.
The Corporation not only manages properties that offer below-market rents but also tailors these rents based on tenant incomes, ensuring accessibility for those who need it most. This approach fosters community stability and gives families the opportunity to thrive in safe living environments. Its work ultimately contributes to the overall well-being of the area by addressing housing insecurity and promoting economic mobility for residents in need.
This information is meant to be a general summary of Northeast Georgia Housing 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $850
- Gross Receipts: $170,383
Assets and Liabilities:
- Total Assets: $3,360,621
- Total Liabilities: $38,250
- Net Assets: $3,322,371
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Organization Details
Founding Year
1997
Phone
(770) 267-6591Principal Officer
Kevin A Stuart
Main Address
PO BOX 550, MONROE, GA, 30655
NTEE Category
Code: L20 - Housing
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