Overview
What is San Marcos Reinvestment Corporation?
San Marcos Reinvestment Corporation is a nonprofit organization situated in San Marcos, Texas, specifically at 1201 Thorpe Lane, with a mission to promote and sustain affordable housing for families and individuals whose income does not surpass 80% of the area median income. Established with the purpose of fostering the development and preservation of affordable housing in the low-income inner-city neighborhoods of San Marcos and Hays County, Texas, the corporation's primary activity involves the acquisition, rehabilitation, or new construction of housing to cater to low-income families. This housing is made available through various sale, lease, or lease-purchase programs that ensure affordability for families over the long term. The organization's efforts contribute to creating a more inclusive and affordable housing market in San Marcos and its surrounding areas.
Is San Marcos Reinvestment Corporation legitimate?
San Marcos Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Marcos Reinvestment 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 San Marcos Reinvestment Corporation?
The San Marcos Reinvestment Corporation is established with a mission to foster the development and preservation of affordable housing in economically disadvantaged inner-city neighborhoods. Their primary activity involves the acquisition, rehabilitation, or new construction of housing that is intended for low-income families. This housing is made available to these families through various programs, such as sale, lease, or lease-purchase, designed to ensure that the housing remains affordable for the families for an extended period. The organization's aim is to contribute to the betterment of low-income families by providing them with accessible and affordable housing options.
Who is the CEO of San Marcos Reinvestment Corporation?
Lana Wagner is the Chairperson of San Marcos Reinvestment Corporation.
What is the revenue of San Marcos Reinvestment Corporation?
San Marcos Reinvestment Corporation's revenue in 2021 was $0.
Who are the executives of San Marcos Reinvestment 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 San Marcos Reinvestment Corporation?
San Marcos Reinvestment Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of San Marcos Reinvestment Corporation
San Marcos Reinvestment Corporation is an organization dedicated to promoting the development and preservation of affordable housing in low-income inner-city neighborhoods. Their primary mission is to acquire, rehabilitate, or construct housing that is affordable for low-income families. This housing is then made available to these families through various programs, such as sale, lease, or lease-purchase, all designed to keep the housing affordable for the longest term possible. By doing so, San Marcos Reinvestment Corporation aims to contribute to the well-being of low-income families, providing them with stable and affordable housing options.
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Impact
October, 2024
The San Marcos Reinvestment Corporation significantly impacts the community by promoting the development and preservation of affordable housing in low-income inner-city neighborhoods of San Marcos and Hays County, Texas. By focusing on families and individuals earning up to 80% of the area median income, the organization addresses critical housing needs and fosters economic stability in underserved areas.
Their mission drives initiatives that include the acquisition and rehabilitation of existing homes, as well as the construction of new affordable housing. This commitment not only provides safe and secure living conditions for low-income families but also helps to revitalize neighborhoods, promoting community cohesion and enhancing the local economy.
Through various programs, including sale, lease, and lease-purchase options, the San Marcos Reinvestment Corporation ensures that affordable housing remains accessible over the long term. This strategic approach not only alleviates housing insecurity but also supports the overall social and economic development of the region, allowing families to thrive and contribute positively to their communities.
This information is meant to be a general summary of San Marcos Reinvestment 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 2021.
Assets and Liabilities:
- Total Assets: $642,445
- Total Liabilities: $102
- Net Assets: $642,343
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Organization Details
Founding Year
2004
Phone
(512) 353-5058Principal Officer
Lana Wagner
Main Address
1201 THORPE LANE, SAN MARCOS, TX, 786666565
NTEE Category
Code: L20 - Housing
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