Overview
What is River City Housing Inc?
River City Housing Inc is a nonprofit organization located in Louisville, Kentucky, committed to increasing homeownership opportunities for low to moderate-income families, particularly those who have been historically disadvantaged due to racial policies in the housing and lending industries. Their mission is to bridge the racial wealth gap and address other racial inequities. River City Housing develops high-quality, energy-efficient homes for first-time homebuyers, offering affordability programs at the time of purchase and prioritizing homes with low energy costs and minimal maintenance expenses. Additionally, they have a home repair program for homeowners in the Chickasaw neighborhood and provide affordable housing units for income-qualified seniors over 55, offering support services such as access to a senior center, meals, and financial assistance. Their goal is to improve the quality of life for low and moderate-income families and strengthen neighborhoods.
Official website here: www.rivercityhousing.org
Is River City Housing Inc legitimate?
River City Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River City Housing 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: $100,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,333
For more financial information, click here
Official website here: www.rivercityhousing.org
What is the mission statement of River City Housing Inc?
River City Housing Inc's mission is centered around enhancing the lives of low and moderate-income families. They achieve this by developing high-quality, affordable homes. The organization is committed to bridging the racial wealth gap and addressing racial inequalities, with a focus on families who have historically been denied homeownership opportunities due to industry policies and practices. River City Housing Inc. develops energy-efficient homes for first-time buyers, offering affordability programs and prioritizing homes with low monthly energy costs and long-term affordability through low maintenance and repair costs. They also have a home repair program for homeowners in certain neighborhoods and provide affordable housing units for income-qualified seniors, offering additional support services such as senior centers, meals, and financial assistance.
Official website here: www.rivercityhousing.org
Who is the CEO of River City Housing Inc?
Rebecca Roehrig is the Executive Di of River City Housing Inc.
Official website here: www.rivercityhousing.org
What is the revenue of River City Housing Inc?
River City Housing Inc's revenue in 2022 was $283,506.
Official website here: www.rivercityhousing.org
Who are the executives of River City Housing Inc and what are their salaries?
The average compensation at River City Housing Inc during 2022 was $34,263. There are 5 employees and 16 volunteers at River City Housing Inc.
Here are 16 key members and their salaries:
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Official website here: www.rivercityhousing.org
Where can I find the form 990 for River City Housing Inc?
River City Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rivercityhousing.org
Learn more at the official website: www.rivercityhousing.org
Mission Statement of River City Housing Inc
River City Housing, a nonprofit organization, strives to enhance the living standards of low and moderate-income families. Their mission is twofold: firstly, they aim to develop high-quality, affordable homes, and secondly, they work towards strengthening neighborhoods. Their primary objective is to increase homeownership opportunities for families who have been historically denied this chance due to racial discrimination in the housing and lending industries.
River City Housing begins by constructing single-family homes for first-time homebuyers, thereby addressing racial wealth gaps and other racial disparities. They prioritize energy-efficient homes with low maintenance and repair costs, ensuring long-term affordability for their buyers. Additionally, River City Housing offers programs like the RCH Down Payment Assistance Program to help buyers manage costs at the time of purchase.
In line with their mission, River City Housing also operates a home repair program, focusing on the Chickasaw neighborhood. They own a 12-unit, one-bedroom apartment community for income-qualified residents aged 55 and above. Residents of this affordable housing unit not only benefit from a secure living space but also gain access to various supportive services, including free access to a senior center, meals, regular nurse and financial advisor visits, transportation services, financial assistance for utilities and prescriptions, and case management services.
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Impact
October, 2024
River City Housing Inc significantly enhances the quality of life for low and moderate-income families in Louisville, KY, by developing high-quality affordable homes. By focusing on increasing homeownership opportunities for those historically marginalized by discriminatory policies in the housing and lending industries, River City Housing works diligently to bridge the racial wealth gap and address entrenched racial inequities.
The organization prioritizes the construction of single-family homes designed for first-time homebuyers, ensuring they are energy-efficient and affordable, both at the time of purchase and over the long term. Initiatives like the Down Payment Assistance Program help to make homeownership feasible for families who might otherwise face barriers.
In addition to homeownership, River City Housing also runs a home repair program in the Chickasaw neighborhood, assisting current homeowners in maintaining and improving their properties. Furthermore, their commitment extends to senior residents through the management of a 12-unit, one-bedroom apartment community. This community not only offers secure housing but also provides essential support services, including health and financial resources.
Overall, River City Housing Inc plays a crucial role in strengthening neighborhoods by fostering stable, supportive communities where families can thrive.
This information is meant to be a general summary of River City Housing 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.
- Program Service Revenue: $34,236
- Gross Receipts: $292,756
Assets and Liabilities:
- Total Assets: $1,978,741
- Total Liabilities: $1,397,190
- Net Assets: $581,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$31,384
CONTRACT INCOME
Revenue
$2,852
Organization Details
Founding Year
1992
Phone
(502) 587-6763Principal Officer
Rebecca Roehrig
Main Address
120 WEBSTER STREET SUITE 322, LOUISVILLE, KY, 40206
Website
www.rivercityhousing.orgNTEE Category
Code: L80 - Housing
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