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Momentum Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853883183 ✦ Roanoke, VA ✦ Designated as a 501(c)(3)

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Overview

What is Momentum Housing Inc?

Momentum Housing Inc, located at 1706 Grandin Road SW, Roanoke, VA 24015, is a dedicated nonprofit organization. Its primary mission is to provide support for low-income housing projects, aiming to alleviate poverty and distress among various groups, including the elderly, physically handicapped, and those experiencing community deterioration. The organization's activities extend beyond just housing, encompassing building, rehabilitation, and consulting services. With a focus on community betterment, Momentum Housing Inc also works towards combating discrimination and prejudice, lessening government burdens, and easing neighborhood tensions.

Is Momentum Housing Inc legitimate?

Momentum Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momentum Housing 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

For more financial information, click here

What is the mission statement of Momentum Housing Inc?

Momentum Housing Inc's mission is centered around providing support for low-income housing projects. Their mission statement, in essence, is dedicated to alleviating the struggles of the economically disadvantaged, the elderly, and those with physical disabilities. They aim to combat community deterioration and eliminate discrimination and prejudice. Additionally, Momentum Housing Inc works towards lessening the burdens of government and reducing neighborhood tensions. They achieve these goals, in part, by offering low and moderate income housing, as well as building, rehabilitation, and consulting services.

Who is the CEO of Momentum Housing Inc?

Larry Dickenson is the President & Director of Momentum Housing Inc.

What is the revenue of Momentum Housing Inc?

Momentum Housing Inc's revenue in 2022 was $300.

Who are the executives of Momentum Housing Inc and what are their salaries?


Here are 4 key members and their salaries:


Larry Dickenson (President & Director)
  • Compensation: $0
  • Related: $60,000
  • Other: $0
Rev Ernest Herdon Jr (Secretary & Director)
  • Compensation: $0
  • Related: $7,200
  • Other: $0
Dr James G O'Quinn (Vice President & Director)
  • Compensation: $0
  • Related: $3,600
  • Other: $0
W Randolph Spears (Treasurer & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Momentum Housing Inc?

Momentum Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Momentum Housing Inc

Momentum Housing Inc, a nonprofit organization, is committed to supporting low-income housing projects with a mission that extends beyond just providing shelter. Their purpose is multifaceted, aiming to alleviate the struggles of the economically disadvantaged, the elderly, and the physically handicapped. They strive to combat community deterioration, eliminate discrimination and prejudice, and lessen the burdens of government by offering affordable housing options and related building, rehabilitation, and consulting services. Furthermore, Momentum Housing Inc works to reduce neighborhood tensions, contributing to a more harmonious community. Their mission is a comprehensive approach to addressing societal issues, seeking to improve living conditions and promote equality for all.

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Impact




October, 2024

Momentum Housing Inc plays a significant role in the community of Roanoke, VA, by addressing critical housing needs. The organization focuses on providing stable and affordable housing options, which is essential for fostering a sense of security and well-being among residents. By actively working to improve access to housing, Momentum Housing Inc contributes to the overall health of the community, helping individuals and families find stability and opportunity. Their efforts not only alleviate homelessness but also empower residents to build better lives through support in securing safe and quality living environments. This impact is pivotal for enhancing the quality of life for those they serve, ultimately leading to stronger and more resilient neighborhoods.




This information is meant to be a general summary of Momentum Housing 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.

Revenue
$300 (2022)
Expenses
$69,647 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $300

Assets and Liabilities:

  • Total Assets: $2,500,260
  • Total Liabilities: $2,569,607
  • Net Assets: -$69,347

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Organization Details

Founding Year

2020

Principal Officer

Larry Dickenson

Main Address

1706 GRANDIN ROAD SW, ROANOKE, VA, 24015

NTEE Category

Code: L11 - Housing

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