Overview
What is Micronesia Community Development Corporation?
Micronesia Community Development Corporation, situated in Barrigada, Guam (PO Box 27665), is a nonprofit organization dedicated to improving living conditions for low-income families. They offer various services, such as marketing outreach campaigns, pre-homeownership counseling, and loan packaging, to assist potential first-time homeowners. The organization's ultimate goal is to acquire, construct, and provide housing and related facilities tailored to the unique needs and living requirements of eligible inhabitants in Guam, furthering their mission to promote better living conditions for this demographic. The team at Micronesia Community Development Corporation comprises 4 dedicated individuals.
Is Micronesia Community Development Corporation legitimate?
Micronesia Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Micronesia Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,915
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What is the mission statement of Micronesia Community Development Corporation?
The Micronesia Community Development Corporation aims to enhance living conditions for low-income families. They accomplish this by acquiring, constructing, and providing housing and related facilities that cater to the unique needs of eligible occupants. The corporation's mission is centered around promoting better living standards for these families, ensuring that the facilities they provide are suitable for their specific requirements. To achieve this, they offer various services such as marketing outreach campaigns, pre-homeownership counseling, and loan packaging to potential first-time homeowners in Guam.
Who is the CEO of Micronesia Community Development Corporation?
Carlos Camacho is the Director of Micronesia Community Development Corporation.
What is the revenue of Micronesia Community Development Corporation?
Micronesia Community Development Corporation's revenue in 2022 was $70,428.
Who are the executives of Micronesia Community Development Corporation and what are their salaries?
The average compensation at Micronesia Community Development Corporation during 2022 was $16,729. There are 4 employees at Micronesia Community Development Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Micronesia Community Development Corporation?
Micronesia Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Micronesia Community Development Corporation
Micronesia Community Development Corporation, abbreviated as MCDC, is dedicated to improving the living conditions of low-income families residing in various communities. Their mission is two-fold: firstly, they aim to acquire and construct housing facilities that cater to the unique needs and living requirements of these families. Secondly, MCDC strives to provide such housing and related facilities to eligible occupants. By doing so, they contribute to promoting a better quality of life for these families, thereby enhancing their overall living conditions.
In order to achieve their mission, MCDC offers a range of services. They conduct a marketing outreach campaign to reach potential first-time homeowners within the low-income bracket. Through pre-homeownership counseling services, they offer guidance and support to these families, helping them navigate the complex process of purchasing a home. Furthermore, MCDC provides loan packaging services, which streamlines the application process for home loans, making it more accessible for low-income families. These services collectively contribute to MCDC's mission of improving living conditions for low-income families.
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Impact
October, 2024
Micronesia Community Development Corporation significantly enhances the living conditions for low- to moderate-income families in Guam. By focusing on accessible housing solutions, the organization actively works to acquire and construct facilities that cater to the specific needs of eligible residents.
One of the key initiatives is their pre-homeownership counseling services, which educate potential first-time homeowners about the process, thereby empowering families to make informed decisions. Their loan packaging service further supports these families by streamlining access to funding opportunities, making homeownership more attainable.
In addition, the corporation implemented a marketing outreach campaign, raising awareness about available resources and services. This comprehensive approach not only helps families achieve housing stability but also fosters community development and economic resilience within Guam.
This information is meant to be a general summary of Micronesia Community 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 2022.
- Gross Receipts: $70,428
Assets and Liabilities:
- Total Assets: $857,589
- Total Liabilities: $484,051
- Net Assets: $373,538
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Organization Details
Founding Year
2004
Phone
(671) 969-7175Principal Officer
Carlos Camacho
Main Address
PO BOX 27658, BARRIGADA, GU, 96921
NTEE Category
Code: P40 - Human services
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