Overview
What is Affordable Housing Institute Inc?
Affordable Housing Institute Inc, based in Orlando, Florida, is a dedicated nonprofit organization that aims to alleviate governmental burdens by offering housing solutions for financially distressed seniors. They achieve this objective by identifying and transforming multi-family and suitable housing stock into affordable dwellings for low-income citizens. One of their successful projects, Landings at Sea Forest, is a senior citizen facility, with 60% of its units earmarked for individuals with 60% or less of the average median income. Currently, this property is 96% occupied, fulfilling its intended purpose of providing housing relief for seniors in Pasco County, Florida. The organization operates as an 80% general partner in Landings at Sea Forest, Ltd.
Is Affordable Housing Institute Inc legitimate?
Affordable Housing Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Institute 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.
Here are some key statistics you may want to consider:
Executive Compensation: $728,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Mission Statement of Affordable Housing Institute Inc
Affordable Housing Institute Inc, a nonprofit organization, is committed to alleviating the burden on the government by providing affordable housing for financially distressed seniors. Their mission is to identify opportunities to convert and enhance multi-family housing stock, aiming to offer clean, decent, and sanitary living spaces to low-income citizens. By doing so, the Institute seeks to fulfill its purpose of providing a home for seniors, thereby reducing the government's responsibilities in this area. For instance, the Landings at Sea Forest, a senior citizen facility owned by Landings at Sea Forest, Ltd, a partnership in which Affordable Housing Institute, Inc. is an 80% general partner, has successfully leased 96% of its units, providing housing for seniors in need.
Impact
This information is meant to be a general summary of Affordable Housing Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Affordable Housing Institute Inc's impact is evident in its successful initiative to lessen the burdens of government by providing housing for financially distressed seniors. Through their affordable housing projects, such as the Landings at Sea Forest in Orlando, Florida, the organization has created a senior citizen facility with a significant portion of units reserved for individuals with 60% or less of the average median income. This property has effectively fulfilled its intended purpose by offering housing to seniors in Pasco County, FL, and is currently 96% leased. By identifying opportunities to convert and improve multi-family housing, Affordable Housing Institute Inc is ensuring that low-income citizens have access to clean, decent, and sanitary living environments. Their impactful work in the realm of human services is making a tangible difference in the lives of those in need of affordable housing solutions.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$403,700
DEVELOPER FEE
Revenue
$177,009
CONSULTING
Revenue
$17,554
Organization Details
Founding Year
1993
Phone
(407) 895-1168
Principal Officer
Bryan Hartnett
Main Address
2121 CAMDEN ROAD B, ORLANDO, FL, 32803
NTEE Category
Code: P80 - Human services
If you are a representative of Affordable Housing Institute Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.