Overview
What is Spectrum Housing?
Spectrum Housing is a nonprofit organization situated in Addison, Texas, committed to offering affordable housing solutions to low-income and moderate-income individuals and families. In 2004, they assumed the role of the successor general partner for MAEDC Gainesville Senior Village, a low-income housing project entitled "Summit." This venture resulted in the construction and operation of a 76-unit senior complex in Gainesville. Spectrum Housing's mission encompasses providing decent and safe living spaces for its residents, thereby contributing to the overall well-being of the community.
Is Spectrum Housing legitimate?
Spectrum Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Housing submitted a form 990EZ, 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.
What is the mission statement of Spectrum Housing?
Spectrum Housing's mission is centered around providing affordable housing solutions for low-income and moderate-income individuals and families. This mission materialized in 2004 when the corporation became the successor general partner of MAEDC Gainesville Senior Village, a low-income multifamily housing project. The corporation, based beyond the scope of this information, operates in Addison, TX, and has contributed to the construction and operation of a 76-unit senior complex in Gainesville. Overall, Spectrum Housing's mission is to provide decent, safe, and affordable housing options, contributing to the well-being of its community members.
Who is the CEO of Spectrum Housing?
Berri Mcbride is the Vice President of Spectrum Housing.
What is the revenue of Spectrum Housing?
Spectrum Housing's revenue in 2022 was $23,370.
Who are the executives of Spectrum Housing and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
Where can I find the form 990EZ for Spectrum Housing?
Spectrum Housing's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Spectrum Housing
Spectrum Housing, as a mission-driven organization, aims to offer affordable and safe housing solutions to individuals and families with modest incomes. In 2004, Spectrum Housing took on a significant role as the 0.01% successor general partner of MAEDC Gainesville Senior Village, known as Summit. This project was a low-income multifamily LIHTC tax credit initiative, which resulted in the construction and operation of a senior complex comprising 76 units in Gainesville. By providing affordable housing, Spectrum Housing contributes to the well-being of its community, ensuring that low-income individuals and families have access to decent living arrangements.
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Impact
August, 2024
Spectrum Housing's impact is significant in providing decent, safe, and affordable housing to low-income and moderate-income individuals and families. Through initiatives like the MAEDC Gainesville Senior Village project, Spectrum Housing has been able to contribute to the construction and operation of a 76-unit senior complex in Gainesville, addressing the housing needs of seniors in the community. This work helps improve the quality of life for those in need of affordable housing options, ensuring they have a secure and stable place to call home.
This information is meant to be a general summary of Spectrum Housing. 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: $23,370
- Gross Receipts: $23,370
Assets and Liabilities:
- Total Assets: $156,653
- Total Liabilities: $0
- Net Assets: $156,653
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Organization Details
Phone
(954) 525-2858Principal Officer
Berri Mcbride
Main Address
4851 Keller Springs 209, Addison, TX, 75001
NTEE Category
Code: L50 - Housing
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