Overview
What is Concord Housing Development Corporation?
Concord Housing Development Corporation is a nonprofit organization based in Acton, Massachusetts, specifically at 37 Knox Trail RHSO. Their primary mission is to explore and implement solutions for providing affordable housing opportunities for individuals with low, moderate, and middle incomes, as well as identifying other potential needs in the town. In 2013, they received a property donation for affordable housing and open space purposes, which they are currently developing in West Concord. The corporation is dedicated to enhancing community living and ensuring housing accessibility for a diverse range of income levels.
Is Concord Housing Development Corporation legitimate?
Concord Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Housing Development 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.
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What is the mission statement of Concord Housing Development Corporation?
The Concord Housing Development Corporation is a non-profit organization dedicated to exploring and implementing solutions for providing affordable housing for individuals with low, moderate, and middle income, as well as those whose needs may arise at various times. The corporation's mission is to investigate and implement alternate housing options to cater to this demographic, demonstrating a commitment to addressing housing needs within the community. Currently, the corporation is focusing on the development of affordable housing in West Concord, utilizing land donated in 2013, which is exclusively designated for affordable housing and open space purposes.
Who is the CEO of Concord Housing Development Corporation?
Lee Smith is the President of Concord Housing Development Corporation.
What is the revenue of Concord Housing Development Corporation?
Concord Housing Development Corporation's revenue in 2023 was $427,062.
Who are the executives of Concord Housing Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Concord Housing Development Corporation?
Concord Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Concord Housing Development Corporation
Concord Housing Development Corporation, as a non-profit organization, is dedicated to exploring and executing innovative solutions for the provision of affordable housing for individuals and families with low, moderate, and middle incomes, as well as those whose needs may arise at various times. The mission of this organization is centered around investigating and implementing alternatives for affordable housing, aiming to address the housing needs of a diverse population. By doing so, Concord Housing Development Corporation seeks to contribute to the well-being of its community, ensuring that affordable housing remains an accessible option for those who require it. The corporation's efforts are focused on developing affordable housing projects, as demonstrated by their ongoing work in West Concord, where they have been granted land for this specific purpose by the state. This land is strictly designated for affordable housing and open space initiatives, further demonstrating Concord Housing Development Corporation's commitment to addressing housing affordability challenges.
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Impact
October, 2024
Concord Housing Development Corporation (CHDC) plays a vital role in addressing the urgent need for affordable housing in West Concord. By focusing on individuals and families of low, moderate, and middle income, CHDC is actively working to create sustainable housing solutions that benefit the community and promote inclusivity.
In 2013, CHDC received a significant boost when the state donated property specifically for affordable housing development. This initiative not only preserves open space but also ensures that the area remains accessible to those who may struggle to find suitable housing within their financial means.
Through its commitment to investigating and implementing innovative housing alternatives, CHDC is making strides toward bridging the affordability gap in the region. The impact of CHDC extends beyond just constructing homes; it fosters a sense of community and belonging while addressing the diverse needs of residents within the town.
This information is meant to be a general summary of Concord Housing Development 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 2023.
- Gross Receipts: $442,972
Assets and Liabilities:
- Total Assets: $1,353,147
- Total Liabilities: $605,162
- Net Assets: $747,985
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Organization Details
Founding Year
2006
Phone
(978) 318-3290Principal Officer
Lee Smith
Main Address
37 KNOX TRAIL RHSO, ACTON, MA, 01720
NTEE Category
Code: L21 - Housing
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