Overview
What is El Paseo Apartments Inc?
El Paseo Apartments Inc is a nonprofit organization that acts as the general partner for a limited partnership managing a 98-unit low-income multi-family apartment building in San Jose, California. Their primary mission is to offer affordable housing options for individuals with low income, and the building is eligible for tax credits under section 42 of the Internal Revenue Code. By providing affordable living spaces, El Paseo Apartments Inc contributes to the community's social welfare and housing needs.
Official website here: www.firsthousing.org
Is El Paseo Apartments Inc legitimate?
El Paseo Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Paseo Apartments Inc 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.
Official website here: www.firsthousing.org
What is the mission statement of El Paseo Apartments Inc?
El Paseo Apartments Inc, as the general partner of a limited partnership, manages a multi-family apartment building with 98 units, primarily intended for low-income individuals. The organization's mission is centered around providing affordable housing, and it qualifies for tax credits under section 42 of the Internal Revenue Code. This mission demonstrates El Paseo Apartments Inc's commitment to supporting individuals with limited financial resources, ensuring they have access to decent and affordable housing. The organization's efforts contribute to the community by making housing more accessible, thereby promoting social equity and stability.
Official website here: www.firsthousing.org
Who is the CEO of El Paseo Apartments Inc?
Unavailable
Official website here: www.firsthousing.org
What is the revenue of El Paseo Apartments Inc?
El Paseo Apartments Inc's revenue in 2022 was $0.
Official website here: www.firsthousing.org
Who are the executives of El Paseo Apartments Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.firsthousing.org
Where can I find the form 990EZ for El Paseo Apartments Inc?
El Paseo Apartments Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.firsthousing.org
Learn more at the official website: www.firsthousing.org
Mission Statement of El Paseo Apartments Inc
El Paseo Apartments Inc, as the general partner of a limited partnership, is committed to providing affordable housing for individuals with low income. This mission is carried out through the management of a multi-family apartment building, which consists of 98 units located in San Jose, California. This housing solution is made possible due to the building's qualification for low-income housing tax credits under section 42 of the Internal Revenue Code. By offering affordable housing, El Paseo Apartments Inc plays a crucial role in addressing the housing needs of a demographic that often faces financial constraints, thereby contributing to a more equitable community.
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Impact
October, 2024
El Paseo Apartments Inc plays a crucial role in addressing the affordable housing crisis in San Jose, CA, by managing a low-income multi-family apartment building that provides 98 housing units for individuals and families in need. By serving as the general partner of a limited partnership, the organization ensures that these units remain accessible and affordable for low-income residents, contributing to community stability and resilience.
The apartments qualify for low-income housing tax credits under section 42 of the Internal Revenue Code, allowing for financial support that reinforces the mission to provide safe and affordable housing. This approach not only alleviates housing scarcity but also promotes inclusivity within the community, allowing low-income individuals to live in a vibrant urban area. Through its ongoing efforts, El Paseo Apartments Inc positively impacts the local economy and enhances the quality of life for its residents.
This information is meant to be a general summary of El Paseo Apartments 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.
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This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
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- Net Assets: $0
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Organization Details
Phone
(408) 291-8650Main Address
75 E SANTA CLARA ST 1300, SAN JOSE, CA, 95113
Website
www.firsthousing.orgNTEE Category
Code: L20 - Housing
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