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Housing Relinquished Fund Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 770166414 ✦ Fresno, CA ✦ Designated as a 501(c)(4)

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Overview

What is Housing Relinquished Fund Corp?

Housing Relinquished Fund Corp is a nonprofit organization dedicated to promoting social welfare. Their primary mission is to assist low to moderate income Housing projects, offering financial aid when necessary. This support enables the acquisition and maintenance of Housing projects that might otherwise be unattainable or neglected. By providing financing, the organization aims to enhance living conditions for those in need, contributing to a more equitable society.

Is Housing Relinquished Fund Corp legitimate?

Housing Relinquished Fund Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Housing Relinquished Fund Corp 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 Housing Relinquished Fund Corp?

The Housing Relinquished Fund Corp is committed to promoting social welfare by extending aid to low-income and moderately-income housing projects. Their assistance is multifaceted and can include providing financing to such projects that might otherwise be unacquired or poorly maintained. This organization plays a crucial role in making affordable housing options available to those who require it. By offering financial assistance, they help ensure that these housing projects are not only acquired but also maintained properly, thereby improving living conditions for the less fortunate.

Who is the CEO of Housing Relinquished Fund Corp?

Tammy Townsend is the Chair of Housing Relinquished Fund Corp.

What is the revenue of Housing Relinquished Fund Corp?

Housing Relinquished Fund Corp's revenue in 2022 was $4,768,302.

Who are the executives of Housing Relinquished Fund Corp and what are their salaries?


Here are 5 key members and their salaries:


Cary Catalano (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Jones (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyrone Roderick Williams (Secretary/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valori Gallaher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Housing Relinquished Fund Corp?

Housing Relinquished Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Housing Relinquished Fund Corp

Housing Relinquished Fund Corp, a nonprofit organization, is dedicated to promoting social welfare by offering assistance to low to moderate income housing projects. Their mission encompasses providing financing for these projects, which would otherwise be unattainable or poorly maintained. By offering financial aid, Housing Relinquished Fund Corp plays a crucial role in ensuring that affordable housing is available to those who need it the most. This assistance is vital in improving the living conditions for individuals and families within these communities, thereby contributing positively to their overall well-being.

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Impact




October, 2024

Housing Relinquished Fund Corp significantly impacts low to moderate-income housing projects by providing crucial financing that supports the acquisition and maintenance of these essential properties. By focusing on social welfare, the organization helps ensure that communities have access to safe and affordable housing options. This assistance addresses the challenges faced by low to moderate-income households, enabling them to secure stable living environments that might otherwise be inaccessible. Additionally, by improving the quality and availability of housing, the organization plays a vital role in enhancing overall community well-being in Fresno, California. Its efforts not only promote social equity but also contribute to the economic stability and growth of the area.




This information is meant to be a general summary of Housing Relinquished Fund Corp. 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.

Revenue
$4,768,302 (2022)
Expenses
$309,281 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,696,009
  • Program Service Revenue: $3,072,293
  • Gross Receipts: $4,768,302

Assets and Liabilities:

  • Total Assets: $65,213,454
  • Total Liabilities: $5,426,772
  • Net Assets: $59,786,682

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENU

Revenue

$3,052,293

ORIGINATION FEES

Revenue

$20,000

Organization Details

Founding Year

1987

Principal Officer

Tammy Townsend

Main Address

1331 FULTON MALL, FRESNO, CA, 93721

NTEE Category

Code: L80 - Housing

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