Overview
What is Foundation For Better Housing Inc Fka Casas De Milagro Inc?
Foundation For Better Housing Inc, formerly known as Casas De Milagro Inc, is a nonprofit organization based in Dallas, Texas. Established with the mission to acquire and manage low-income housing properties, the organization operates within the guidelines set by the IRS Notice 93-1 or any subsequent safe-harbor affordable housing guidelines published by the IRS. Their primary focus is to provide affordable housing solutions for individuals who may fall under this category, contributing to the betterment of their living conditions.
Is Foundation For Better Housing Inc Fka Casas De Milagro Inc legitimate?
Foundation For Better Housing Inc Fka Casas De Milagro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Better Housing Inc Fka Casas De Milagro 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Foundation For Better Housing Inc Fka Casas De Milagro Inc?
The Foundation For Better Housing Inc, formerly known as Casas De Milagro Inc, was established with the primary objective of acquiring and managing low-income housing properties. This mission aligns with the guidelines set by the Internal Revenue Service, specifically IRS Notice 93-1, or any subsequent or alternative "safe-harbor" affordable housing guidelines published by the IRS. The organization's purpose is to provide housing solutions within these guidelines, aiming to contribute to the affordable housing sector.
Who is the CEO of Foundation For Better Housing Inc Fka Casas De Milagro Inc?
Ronald F Akin is the Director of Foundation For Better Housing Inc Fka Casas De Milagro Inc.
What is the revenue of Foundation For Better Housing Inc Fka Casas De Milagro Inc?
Foundation For Better Housing Inc Fka Casas De Milagro Inc's revenue in 2022 was $0.
Who are the executives of Foundation For Better Housing Inc Fka Casas De Milagro Inc and what are their salaries?
There 2 volunteers at Foundation For Better Housing Inc Fka Casas De Milagro Inc.
Here are 4 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Better Housing Inc Fka Casas De Milagro Inc?
Foundation For Better Housing Inc Fka Casas De Milagro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Better Housing Inc Fka Casas De Milagro Inc
Foundation for Better Housing Inc., formerly known as Casas de Milagro Inc., was established with a mission to acquire and manage low-income housing properties. This mission aligns with the guidelines set forth by the Internal Revenue Service (IRS) in Notice 93-1 or any subsequent or alternative "safe-harbor" affordable housing guidelines published by the IRS. The organization's primary objective is to provide affordable housing solutions for individuals who fall under the low-income bracket. By adhering to these guidelines, Foundation for Better Housing Inc. aims to promote social welfare and contribute to the overall well-being of its community.
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Impact
October, 2024
Foundation For Better Housing Inc, formerly known as Casas De Milagro Inc, plays a crucial role in addressing the housing needs of low-income families in Dallas, TX. By acquiring and operating low-income housing properties, the organization helps to ensure that affordable housing is accessible to those who are often marginalized in the housing market. Its adherence to IRS guidelines and safe-harbor affordable housing standards underscores a commitment to providing stable living conditions for individuals and families.
The impact of the organization is multifaceted. It not only contributes to alleviating housing insecurity but also fosters community development by providing residents with safe, decent, and affordable living spaces. This, in turn, can lead to improved quality of life, as secure housing often correlates with better health, educational outcomes, and economic stability. Through its efforts, Foundation For Better Housing Inc strengthens the fabric of the community by supporting vulnerable populations and promoting sustainable living environments.
This information is meant to be a general summary of Foundation For Better Housing Inc Fka Casas De Milagro 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.
Assets and Liabilities:
- Total Assets: $15,270,091
- Total Liabilities: $201,744
- Net Assets: $15,068,347
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Organization Details
Founding Year
1995
Phone
(214) 750-8845Principal Officer
Ronald F Akin
Main Address
2010 VALLEY VIEW LANE 145, DALLAS, TX, 75234
NTEE Category
Code: L21 - Housing
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