Overview
What is Alabama Multifamily Loan Consortium Inc?
Alabama Multifamily Loan Consortium Inc is a nonprofit organization situated in Birmingham, Alabama. Their primary mission is to alleviate the issue of housing for low-income individuals, combat urban decay, and reduce the strain on government-funded housing programs. The consortium achieves this by providing financial assistance for multifamily housing projects, thereby contributing to the improvement of local communities and enhancing living conditions for a significant portion of the population.
Is Alabama Multifamily Loan Consortium Inc legitimate?
Alabama Multifamily Loan Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Multifamily Loan Consortium 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: $277,162
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What is the mission statement of Alabama Multifamily Loan Consortium Inc?
Alabama Multifamily Loan Consortium Inc's mission is centered around providing affordable housing for low-income individuals. The organization also works towards combating community deterioration and alleviating the strain on government housing programs. By doing so, it aims to contribute to a more sustainable and equitable housing landscape. The consortium's activities are geared towards improving living conditions and reducing the financial burden on government housing programs.
Who is the CEO of Alabama Multifamily Loan Consortium Inc?
Scott Miller is the Director of Alabama Multifamily Loan Consortium Inc.
What is the revenue of Alabama Multifamily Loan Consortium Inc?
Alabama Multifamily Loan Consortium Inc's revenue in 2022 was $260,175.
Who are the executives of Alabama Multifamily Loan Consortium Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Alabama Multifamily Loan Consortium Inc?
Alabama Multifamily Loan Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Multifamily Loan Consortium Inc
Alabama Multifamily Loan Consortium Inc is dedicated to providing low-income housing, combating community deterioration, and reducing the burden of government housing programs. In simpler terms, this nonprofit organization aims to make affordable housing available for those in need, work towards the improvement of communities, and lessen the financial burden on government housing programs. By doing so, Alabama Multifamily Loan Consortium Inc contributes to the betterment of society by ensuring that individuals and families have access to suitable living conditions, promoting community development, and alleviating the financial strain on government housing initiatives.
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Impact
October, 2024
Alabama Multifamily Loan Consortium Inc plays a crucial role in addressing the housing needs of low-income individuals and families in Birmingham, Alabama. By focusing on the provision of affordable housing, the organization directly combats community deterioration and enhances the quality of life for residents in underserved areas.
Their efforts alleviate the burden on government housing programs, creating a more sustainable model for addressing housing shortages and ensuring that vulnerable populations have access to safe and decent living conditions. This not only fosters community stability but also contributes to economic growth by creating an environment where residents can thrive, thereby enhancing overall community welfare. In summary, Alabama Multifamily Loan Consortium Inc is instrumental in promoting social equity and improving living standards within the community.
This information is meant to be a general summary of Alabama Multifamily Loan Consortium 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.
- Investment Income: $10,158
- Program Service Revenue: $241,221
- Gross Receipts: $272,050
Assets and Liabilities:
- Total Assets: $50,939,765
- Total Liabilities: $50,397,295
- Net Assets: $542,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICE FEES
Revenue
$225,388
PARTICIPATION FEES
Revenue
$15,833
Organization Details
Founding Year
1998
Phone
(334) 386-5732Principal Officer
Scott Miller
Main Address
402 OFFICE PARK DRIVE, BIRMINGHAM, AL, 352232462
NTEE Category
Code: W60Z - Public benefit
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