Overview
What is 112 Alves Lane Inc?
112 Alves Lane Inc serves as a vital entity in the Berkeley, California, community, primarily focusing on providing affordable housing for individuals with low income. As a general partner, it oversees four limited partnerships that currently own and operate such housing units. Moreover, it acts as a limited partner in 19 additional partnerships, with seven of these still in development stage. Besides, 112 Alves Lane Inc is also the sole member of an LLC that manages four more limited partnerships dedicated to the same purpose. In essence, their mission revolves around enhancing affordable housing opportunities within the local community.
Is 112 Alves Lane Inc legitimate?
112 Alves Lane Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 112 Alves Lane 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of 112 Alves Lane Inc?
112 Alves Lane Inc's mission is centered around providing affordable housing to the local community. The organization serves as the general partner for multiple limited partnerships, each owning and operating affordable housing units for low-income individuals. Additionally, it holds a limited partner role in several other such partnerships, with some of these developments still underway. Overall, the organization's primary focus is on making housing accessible for those with limited financial means.
Who is the CEO of 112 Alves Lane Inc?
Dan Sawislak is the Principal Officer of 112 Alves Lane Inc. The CEO's salary of 112 Alves Lane Inc is $0 and their total compensation is $252,064.
What is the revenue of 112 Alves Lane Inc?
112 Alves Lane Inc's revenue in 2022 was $1,136,291.
Who are the executives of 112 Alves Lane Inc and what are their salaries?
There 11 volunteers at 112 Alves Lane Inc.
Here are 13 key members and their salaries (112 Alves Lane Inc's CEO's salary is $0 and their total compensation is $252,064):
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- Related: $204,332
- Other: $47,732
- Compensation: $0
- Related: $156,280
- Other: $41,270
Where can I find the form 990 for 112 Alves Lane Inc?
112 Alves Lane Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 112 Alves Lane Inc
112 Alves Lane Inc is committed to serving its local community by providing affordable housing solutions. In fulfilling its mission, the organization acts as the general partner for several limited partnerships that own and manage affordable housing units for low-income individuals. Beyond this role, 112 Alves Lane Inc also serves as a limited partner in 19 other limited partnerships, with seven of these partnerships currently under development. Furthermore, the organization is the sole member of an LLC that acts as the general partner for four more limited partnerships, all of which provide affordable housing to low-income people. Through these various partnerships, 112 Alves Lane Inc contributes to making affordable housing a reality for those who need it most within their community.
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Impact
October, 2024
112 Alves Lane Inc significantly impacts the local community in Berkeley, CA, by addressing the critical need for affordable housing. By serving as the general partner for multiple limited partnerships, the organization not only oversees the operation of existing affordable housing units but is also actively involved in the development of new properties, indicating a commitment to expanding housing options for low-income individuals and families.
With four limited partnerships currently operating affordable housing and an additional 19 partnerships under its wing, the organization plays a pivotal role in ensuring that low-income residents have access to safe and stable living conditions. Moreover, the ongoing development of seven affordable housing projects showcases its proactive approach to mitigating housing insecurity in the area.
Ultimately, 112 Alves Lane Inc's efforts are crucial in fostering a more inclusive community through the provision of affordable housing, demonstrating a tangible commitment to improving the quality of life for those it serves.
This information is meant to be a general summary of 112 Alves Lane 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: $1,109,351
- Gross Receipts: $1,136,291
Assets and Liabilities:
- Total Assets: $2,307,086
- Total Liabilities: $5,115,664
- Net Assets: -$2,808,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM INVESTOR E
Revenue
$597,295
INCENTIVE FEE INCOME
Revenue
$272,819
PARTNERSHIP MANAGEMENT
Revenue
$208,046
ASSET MANAGEMENT FEE
Revenue
$31,191
Organization Details
Founding Year
1994
Phone
(510) 841-4410Principal Officer
Dan Sawislak
Main Address
2220 OXFORD STREET, BERKELEY, CA, 94704
NTEE Category
Code: L20 - Housing
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