Overview
What is Sha Inc?
Sha Inc, based in Shelton, Connecticut, serves as a supporting organization for the Housing Authority City of Shelton. Its primary mission is to secure grants and government funding, which it then distributes to the Housing Authority to support its purpose of providing housing for low-income elderly and disabled individuals. Specifically, Sha Inc contributes to the construction of rental housing, offering residences at 25% or 20% of the area median income. The organization's activities are geared towards enhancing housing opportunities for this vulnerable population, thereby contributing to the overall well-being of the community.
Is Sha Inc legitimate?
Sha Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sha 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:
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What is the mission statement of Sha Inc?
Sha Inc, established as a supporting organization for the Housing Authority City of Shelton, aims to secure grants and government funding. The primary objective is to distribute these funds to the authority, assisting in their mission to provide housing for the elderly, low-income, and disabled individuals. The organization has received a significant contribution from the Connecticut Housing Finance Authority, which was utilized for the construction of rental housing for eligible individuals at a reasonable cost. Sha Inc supports the authority in its endeavor to address the housing needs of vulnerable population segments.
Who is the CEO of Sha Inc?
Madlyn Mcgowan is the Director of Sha Inc.
What is the revenue of Sha Inc?
Sha Inc's revenue in 2022 was $0.
Who are the executives of Sha Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sha Inc?
Sha Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sha Inc
Sha Inc, a supporting organization, was established to aid the Housing Authority City of Shelton in its mission to provide housing for elderly, low-income, and disabled individuals. The primary role of Sha Inc is to seek out and secure grants and other government funding, which it then passes on to the Housing Authority City of Shelton. These funds are intended to support the authority's purpose of providing affordable housing, with the rent set at 25% or 20% of the area median income (AMI). The Connecticut Housing Finance Authority provided a grant of $414,555 to Sha Inc, which was then used by the Housing Authority City of Shelton for the construction of rental housing for this target population. In summary, Sha Inc serves as a crucial intermediary, assisting in the procurement of funds to help the Housing Authority City of Shelton provide affordable housing options for its designated demographic.
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Impact
October, 2024
Sha Inc plays a crucial role in addressing housing needs in Shelton, Connecticut, specifically for low-income elderly and disabled individuals. By leveraging grant funding, such as the $414,555 contribution from the Connecticut Housing Finance Authority, Sha Inc directly supports the construction of affordable rental housing. This initiative targets individuals earning 25% to 20% of the Area Median Income (AMI), ensuring that vulnerable populations have access to safe and stable living conditions.
Through its mission to seek out and distribute governmental support, Sha Inc enhances the capacity of the Housing Authority City of Shelton, facilitating community improvement and fostering a more inclusive environment for those in need. Their efforts not only contribute to housing stability but also promote overall community well-being by addressing critical needs within the local population.
This information is meant to be a general summary of Sha 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2014
Phone
(203) 924-2736Principal Officer
Madlyn Mcgowan
Main Address
SHELTON HOUSING-187 MEADOW STREET, SHELTON, CT, 06484
NTEE Category
Code: S80 - Community improvement
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