Overview
What is Spg Housing Inc?
Spg Housing Inc, based in San Jose, California, serves as a general partner in two limited partnerships that own and manage affordable housing projects for low and moderate-income individuals. The primary mission of Spg Housing Inc is to facilitate the development of affordable housing options for low-income families, contributing to their housing needs and overall community development.
Is Spg Housing Inc legitimate?
Spg Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spg Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Spg Housing Inc?
Spg Housing Inc, as an organization, is committed to facilitating the development of affordable housing for low-income families. To achieve this, the company acts as a general partner in two limited partnerships that own and manage affordable housing projects. By doing so, they provide living solutions for individuals and families with limited financial means, ensuring they can reside in decent and affordable housing environments.
What is the revenue of Spg Housing Inc?
Spg Housing Inc's revenue in 2023 was $3,922,023.
Who are the executives of Spg Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $415,956
- Other: $66,209
- Compensation: $0
- Related: $280,329
- Other: $16,541
- Compensation: $0
- Related: $262,017
- Other: $37,901
- Compensation: $0
- Related: $465,270
- Other: $27,877
Where can I find the form 990 for Spg Housing Inc?
Spg Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spg Housing Inc
Spg Housing Inc, as an organization, is committed to facilitating the development of affordable housing for low-income families. In pursuit of this mission, the nonprofit serves as a general partner in two limited partnerships that own and operate housing projects specifically designed for individuals with modest incomes. By assuming this role, Spg Housing Inc contributes to the provision of affordable living spaces for those who might otherwise struggle to secure suitable housing. The organization's efforts in this area are instrumental in enhancing the living conditions of many families and ensuring that they have access to affordable housing options.
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Impact
October, 2024
Spg Housing Inc plays a vital role in addressing the affordable housing crisis by serving as a general partner in two limited partnerships that own and operate housing projects specifically designed for low and moderate income individuals and families. By facilitating the development of affordable housing in San Jose, California, the organization helps create safe, stable, and accessible living environments for vulnerable populations. This mission is particularly critical in urban areas where housing costs often exceed the financial capabilities of many families.
Through its projects, Spg Housing Inc not only provides essential housing options but also contributes to community stability and economic diversity. The organization’s efforts lead to improved quality of life for residents, allowing them to invest in their futures without the constant burden of housing insecurity. Additionally, the initiative fosters a sense of community among residents, promoting social cohesion and support networks. Overall, Spg Housing Inc significantly impacts the well-being of low-income families by ensuring they have access to affordable housing solutions in a challenging economic landscape.
This information is meant to be a general summary of Spg Housing 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 2023.
- Investment Income: $1,721
- Program Service Revenue: $2,761,042
- Gross Receipts: $3,922,023
Assets and Liabilities:
- Total Assets: $17,171,489
- Total Liabilities: $13,453,223
- Net Assets: $3,718,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,669,709
PARTNERSHIP MANAGEMENT
Revenue
$47,500
OTHER INCOME
Revenue
$43,833
Organization Details
Founding Year
1992
Principal Officer
Preston Prince
NTEE Category
Code: L80 - Housing
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