Overview
What is Row House Investments Inc?
Row House Investments Inc is a mission-driven organization, headquartered with a specific focus on real estate. Their primary objective is to procure properties, hold the titles, and generate income from these assets. The income collected is then channeled to Chinatown CLT in its entirety, after deducting expenses. Recently, the company acquired two Row House properties, namely 29 Oak Street and 95 Hudson Street, which were previously utilized for short-term rentals. Following this, they initiated construction renovations to transform these properties into seven long-term, affordably priced home-ownership units, secured on a ground lease.
Official website here: www.none
Is Row House Investments Inc legitimate?
Row House Investments Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Row House Investments 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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Official website here: www.none
What is the mission statement of Row House Investments Inc?
Row House Investments Inc, as an organization, is dedicated to acquiring real estate properties and generating income from them. The company's primary goal is to remit the entire income, after deducting expenses, to Chinatown Community Land Trust (CLT). Recently, Row House Investments Inc. acquired two properties, 29 Oak Street and 95 Hudson Street, previously used for short-term rentals. These properties are now undergoing renovations to transform them into seven permanently affordable housing units for ownership. By doing so, the company is contributing to providing affordable housing options, thereby supporting the need for sustainable and affordable living spaces.
Official website here: www.none
Who is the CEO of Row House Investments Inc?
Lydia Lowe is the Cclt Preside of Row House Investments Inc.
Official website here: www.none
What is the revenue of Row House Investments Inc?
Row House Investments Inc's revenue in 2022 was -$292,418.
Official website here: www.none
Who are the executives of Row House Investments Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $63,194
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Row House Investments Inc
Row House Investments Inc, as an organization, is primarily focused on acquiring real property and generating income from it. Their mission is to hold title to these properties and then, after deducting expenses, remit the entire income derived from these properties to Chinatown Community Land Trust (CLT). Recently, Row House Investments Inc has acquired two properties, specifically at 29 Oak Street and 95 Hudson Street, which had been previously used for short-term rentals. The company has since initiated construction and rehabilitation efforts to transform these properties into 7 affordable home ownership units, securely leased to Chinatown CLT. This mission of Row House Investments Inc aims to contribute to the provision of affordable housing, thereby benefiting the community at large.
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Impact
October, 2024
Row House Investments Inc significantly contributes to community improvement in Boston, particularly within the Chinatown area. By acquiring and rehabilitating real property, the organization focuses on preserving affordable housing opportunities in a market increasingly dominated by short-term rentals.
The acquisition of two Row House properties, 29 Oak Street and 95 Hudson Street, exemplifies its commitment to transforming spaces back into long-term residential units. Through their redevelopment project, Row House Investments is creating seven permanently affordable homeownership units, thereby addressing the critical need for affordable housing in the community.
Moreover, the income generated from these properties is directed to Chinatown CLT, ensuring that the financial benefits are reinvested into the community. This model not only enhances the availability of affordable housing but also fosters economic sustainability for residents, contributing to the overall well-being of the neighborhood.
This information is meant to be a general summary of Row House Investments 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.
- Investment Income: -$569,631
- Program Service Revenue: $773
- Gross Receipts: $840,513
Assets and Liabilities:
- Total Assets: $3,525,534
- Total Liabilities: $3,427,242
- Net Assets: $98,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$773
Organization Details
Founding Year
2019
Phone
(617) 259-1503Principal Officer
Lydia Lowe
Main Address
28 ASH STREET, BOSTON, MA, 02111
Website
www.noneNTEE Category
Code: S47 - Community improvement
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