Overview
What is The Belola Foundation?
The Belola Foundation is a nonprofit organization situated in Palmdale, California. Their primary focus is to develop affordable housing for individuals with low or very low incomes, as per the guidelines set by the U.S. Department of Housing and Urban Development (HUD). To achieve this, they establish Limited Liability Companies (LLCs) to acquire property, carry out necessary site improvements, and ultimately offer affordable rental units. The foundation's mission is deeply rooted in the provision of affordable housing solutions, ensuring that those in need have access to suitable living spaces.
Is The Belola Foundation legitimate?
The Belola Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Belola Foundation submitted a form 990EZ, 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.
What is the mission statement of The Belola Foundation?
The Belola Foundation's mission is centered around providing affordable housing solutions. They establish an LLC to acquire real estate and carry out necessary site improvements with the primary goal of offering affordable rentals. This initiative is aimed at supporting low and very low-income individuals, as categorized by the HUD guidelines. The foundation's operations are guided by this mission to make housing affordable for those who need it most.
Who is the CEO of The Belola Foundation?
Unavailable
What is the revenue of The Belola Foundation?
The Belola Foundation's revenue in 2022 was $4,612.
Who are the executives of The Belola Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for The Belola Foundation?
The Belola Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Belola Foundation
The Belola Foundation is committed to a noble mission. This organization establishes a Limited Liability Company (LLC) to procure real estate and undertake necessary site improvements. Its primary objective is to foster the development of affordable housing. The foundation focuses on serving low-income and very low-income individuals, as categorized by the HUD. By providing affordable rentals, The Belola Foundation seeks to make a significant impact on the lives of those in need.
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Impact
August, 2024
The Belola Foundation's impact can be seen in its dedication to addressing the crucial need for affordable housing in Palmdale, CA. Through creating an LLC and securing real estate, the foundation is actively contributing to the development of affordable rentals for low and very low-income individuals in the area. This initiative directly supports HUD's definition of low-income households, providing much-needed stability and support to those in need. By focusing on affordable housing, The Belola Foundation is making a tangible difference in the lives of individuals facing financial challenges in Palmdale, CA.
This information is meant to be a general summary of The Belola Foundation. 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: $345
- Gross Receipts: $55,716
Assets and Liabilities:
- Total Assets: $24,193
- Total Liabilities: $0
- Net Assets: $24,193
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Organization Details
Phone
(619) 719-3520Main Address
1008 W AVENUE M14 A-D180, PALMDALE, CA, 93551
NTEE Category
Code: L40 - Housing
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