Overview
What is Family Housing Development Corporation?
Family Housing Development Corporation is a small, nonprofit organization situated in Albuquerque, New Mexico. With a single employee, their primary mission is to develop and provide affordable housing subdivisions and homes for individuals and families in need. Their activities are centered around this goal, aiming to contribute to the housing sector by making living spaces more accessible and affordable for the community.
Is Family Housing Development Corporation legitimate?
Family Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Housing Development Corporation 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: $12,000
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What is the mission statement of Family Housing Development Corporation?
The Family Housing Development Corporation is committed to the development of affordable housing subdivisions and homes. This mission is aimed at providing affordable living solutions for individuals and families in need. By constructing and managing such housing, the corporation strives to make housing a more accessible and affordable option for a wide range of people. The organization's activities are centered around this mission, with a focus on creating affordable housing that meets the needs of its community.
What is the revenue of Family Housing Development Corporation?
Family Housing Development Corporation's revenue in 2024 was $563,909.
Who are the executives of Family Housing Development Corporation and what are their salaries?
The average compensation at Family Housing Development Corporation during 2024 was $12,000. There is 1 employee at Family Housing Development Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Family Housing Development Corporation?
Family Housing Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Family Housing Development Corporation
Family Housing Development Corporation, in its mission, is dedicated to the development of affordable housing subdivisions and individual housing units. This organization strives to make housing accessible and affordable for various communities, contributing to the betterment of living conditions for many. By focusing on the construction and management of affordable housing, Family Housing Development Corporation plays a significant role in addressing housing inequalities and ensuring that everyone has the opportunity to secure a decent place to live.
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Impact
October, 2024
Family Housing Development Corporation significantly impacts the community by addressing the critical need for affordable housing in Albuquerque, NM. Through the development of affordable housing subdivisions, the organization ensures that more individuals and families have access to safe and cost-effective living options. This initiative not only contributes to the stabilization of the local housing market but also fosters community growth and development. By focusing on affordable housing, the organization supports financial security for residents and promotes a diverse, thriving community. Overall, Family Housing Development Corporation plays a vital role in enhancing the quality of life for many in the region.
This information is meant to be a general summary of Family Housing Development Corporation. 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 2024.
- Program Service Revenue: $63,909
- Gross Receipts: $563,909
Assets and Liabilities:
- Total Assets: $792,858
- Total Liabilities: $469
- Net Assets: $792,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$50,000
Bell Loft Interest
Revenue
$13,909
Organization Details
Founding Year
1993
Principal Officer
Rick Davis
NTEE Category
Code: L20 - Housing
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