Overview
What is Housing Reinvestment Corporation Of America Inc?
Housing Reinvestment Corporation of America Inc., headquartered in Washington D.C., is a dedicated nonprofit organization that focuses on affordable housing development. In 2021, it initiated a project in Birmingham, Alabama, to provide capital for housing and contribute to the broader revitalization of a historic neighborhood. As an integral part of the National Community Reinvestment Coalition (NCRC), this corporation plays a significant role in achieving NCRC's objectives, such as generating real employment opportunities through housing, by developing single-family homes in low-income communities or for low-income families. By doing so, Housing Reinvestment Corporation of America Inc. helps preserve affordable homeownership opportunities for low-income families, contributing to NCRC's overall growth and development initiatives.
Is Housing Reinvestment Corporation Of America Inc legitimate?
Housing Reinvestment Corporation Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Reinvestment Corporation Of America 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.
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What is the mission statement of Housing Reinvestment Corporation Of America Inc?
The Housing Reinvestment Corporation of America Inc serves as a developer in the single-family residential sector, focusing on low and middle-income (LMI) communities or families. Its primary objective is to contribute to the Growth Initiative and related development opportunities of the National Community Reinvestment Coalition (NCRC). This mission aims to preserve affordable homeownership opportunities for LMI families, aligning with NCRC's goals of generating real opportunities for work through housing. The Housing Reinvestment Corporation plays a crucial role in achieving this mission, acting as an integral part of NCRC's growth efforts.
Who is the CEO of Housing Reinvestment Corporation Of America Inc?
Edward J Gorman is the Board Chair of Housing Reinvestment Corporation Of America Inc.
What is the revenue of Housing Reinvestment Corporation Of America Inc?
Housing Reinvestment Corporation Of America Inc's revenue in 2022 was $483,911.
Who are the executives of Housing Reinvestment Corporation Of America Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Housing Reinvestment Corporation Of America Inc?
Housing Reinvestment Corporation Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Reinvestment Corporation Of America Inc
Housing Reinvestment Corporation of America Inc, as a crucial component of the National Community Reinvestment Coalition (NCRC), is dedicated to developing single-family homes in low- and moderate-income (LMI) communities or on behalf of LMI families. This mission aligns with NCRC's objective of generating real employment opportunities through housing, aiming to preserve affordable homeownership chances for LMI families. By engaging in such developments, Housing Reinvestment Corporation of America Inc plays a significant role in the growth initiatives and related opportunities within NCRC.
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Impact
July, 2024
Housing Reinvestment Corporation Of America Inc's impact lies in developing single-family residential properties in low-to-moderate-income communities and on behalf of LMI families. By doing so, the corporation helps to preserve affordable homeownership opportunities, contributing to the broader revitalization of neighborhoods. In 2021, HRCA initiated the provision of capital to create affordable housing in Birmingham, Alabama, furthering their mission to support affordable housing and community development.
This information is meant to be a general summary of Housing Reinvestment Corporation Of America 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 2022.
- Program Service Revenue: $23,911
- Gross Receipts: $483,911
Assets and Liabilities:
- Total Assets: $1,023,911
- Total Liabilities: $1,021,976
- Net Assets: $1,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$23,911
Organization Details
Founding Year
2015
Phone
(202) 628-8866Principal Officer
Edward J Gorman
Main Address
740 15TH STREET NW 400, WASHINGTON, DC, 20005
NTEE Category
Code: L20 - Housing
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