Overview
What is Sonoma County Affordable Homes Inc?
Sonoma County Affordable Homes Inc is a nonprofit organization headquartered at 22 Pelican Way, San Rafael, California. Their primary mission is to alleviate housing issues for low-income individuals and lessen the burden on local governments. They accomplish this by serving as the general partner in multiple partnerships providing a total of 235 units of low-income housing across Healdsburg, Santa Rosa, Cloverdale, Novato, and Point Reyes Station, California. With a small team of one employee, this dedicated organization continues to make a significant impact in addressing the housing needs of less fortunate communities.
Is Sonoma County Affordable Homes Inc legitimate?
Sonoma County Affordable Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sonoma County Affordable Homes 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: $44,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Sonoma County Affordable Homes Inc?
Sonoma County Affordable Homes Inc's mission is centered around providing housing solutions for individuals and families with low to moderate income, who currently do not have adequate housing options available. The organization aims to alleviate the strain on local governments by offering housing solutions. They accomplish this through their involvement in various partnerships, which provide a total of 217 units of low-income housing in various locations within California.
What is the revenue of Sonoma County Affordable Homes Inc?
Sonoma County Affordable Homes Inc's revenue in 2023 was $348,084.
Who are the executives of Sonoma County Affordable Homes Inc and what are their salaries?
The average compensation at Sonoma County Affordable Homes Inc during 2023 was $44,423. There is 1 employee at Sonoma County Affordable Homes Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $245,415
- Other: $27,022
- Compensation: $44,500
- Related: $129,551
- Other: $22,559
- Compensation: $0
- Related: $163,520
- Other: $20,466
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sonoma County Affordable Homes Inc?
Sonoma County Affordable Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sonoma County Affordable Homes Inc
Sonoma County Affordable Homes Inc is dedicated to providing housing solutions for individuals and families with low incomes, addressing a gap where suitable housing options are lacking for such groups. The organization's mission is twofold: firstly, to offer housing for those in the very low to moderate income bracket, thereby alleviating the financial burden on local governments. Secondly, Sonoma County Affordable Homes Inc contributes to this cause by acting as the general partner in various limited partnerships, providing a total of 18 and 217 units of low-income housing across different locations in California. Through these initiatives, the nonprofit aims to contribute to a more equitable housing landscape, ensuring that those with limited resources can secure a place to call home.
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Impact
October, 2024
Sonoma County Affordable Homes Inc plays a vital role in addressing the housing crisis for low-income individuals and families in various communities across California. By creating and maintaining affordable housing options, it alleviates the burden on local governments struggling to meet the needs of very low to moderate-income households.
The organization is actively involved in developing and managing housing projects, including 18 units in Healdsburg and 217 units spread across Santa Rosa, Cloverdale, Novato, and Pt. Reyes Station. These efforts directly contribute to increasing the availability of adequate housing where it is critically needed, fostering stability and security for vulnerable populations.
Through its partnerships and ownership of multiple limited liability companies, Sonoma County Affordable Homes Inc ensures the sustainability of these housing initiatives, ultimately promoting equitable access to safe and affordable living conditions. This mission not only supports individuals but also strengthens the communities by integrating low-income households into the social fabric and economic life of the regions served.
This information is meant to be a general summary of Sonoma County Affordable Homes 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 2023.
- Investment Income: $5,289
- Program Service Revenue: $272,611
- Gross Receipts: $348,084
Assets and Liabilities:
- Total Assets: $355,185
- Total Liabilities: $17,670,409
- Net Assets: -$17,315,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCABLE SHARE PS RENTS
Revenue
$220,795
PARTNERSHIP MGMT FEES
Revenue
$51,816
Organization Details
Founding Year
1991
Principal Officer
Verna Causby-Smith
NTEE Category
Code: Z99Z - Unknown
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