Overview
What is Affordable Central Texas Inc?
Affordable Central Texas Inc, a charitable organization based in Austin, Texas, is dedicated to preserving affordable housing for moderate and lower-income households in the area. With significant involvement and initial funding from the City of Austin, the nonprofit aims to establish and manage a strategic fund. This fund will involve the acquisition, renovation, and long-term maintenance of existing multi-family buildings, thus ensuring their affordability. The organization's mission is multifaceted, aiming to alleviate government burdens, support the less fortunate, eliminate neighborhood tensions, combat discrimination, and promote community development. Operating from its headquarters at 6000 N Lamar Blvd Suite 200, Austin, TX 78752, Affordable Central Texas Inc is an integral part of addressing housing challenges in the city.
Is Affordable Central Texas Inc legitimate?
Affordable Central Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Central Texas 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.
Here are some key statistics you may want to consider:
Executive Compensation: $630,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,291
For more financial information, click here
Mission Statement of Affordable Central Texas Inc
Affordable Central Texas, Inc. is a charitable organization that operates with a mission to preserve and maintain housing that is affordable for moderate and lower-income households in Austin, Texas. This community-focused organization is dedicated to alleviating the burdens placed on government, providing relief to the distressed, underprivileged, and poor, reducing neighborhood tensions, combating prejudice and discrimination, and addressing community deterioration. In essence, Affordable Central Texas, Inc. aims to contribute to the betterment of its community by addressing housing affordability issues and promoting social equality.
Impact
This information is meant to be a general summary of Affordable Central Texas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Affordable Central Texas Inc is making a significant impact by preserving the supply of housing that is affordable to moderate and lower-income households in Austin, Texas. Specifically, the organization is dedicated to strategically acquiring, renovating, and managing existing multi-family buildings to make them affordable for the long term. This initiative aligns with the Austin Strategic Housing Plan, a comprehensive strategy developed by the city of Austin to address housing challenges in the area. By providing affordable housing options for working households at the lower end of the economic spectrum, Affordable Central Texas Inc is helping to lessen the burdens of government, relieve the poor and distressed, combat community deterioration, and promote inclusivity and equality within the community.
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:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACQUISITION FEES
Revenue
$333,000
ASSET MANAGEMENT FEES
Revenue
$293,382
FT K1 - AHC
Revenue
$-75,931
Organization Details
Founding Year
2016
Phone
(512) 202-7997
Principal Officer
David Steinwedell
Main Address
6000 N LAMAR BLVD SUITE 200, AUSTIN, TX, 78752
NTEE Category
Code: L02 - Housing
If you are a representative of Affordable Central Texas Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.