Overview
What is Hacfs Properties?
Hacfs Properties is a nonprofit organization situated in Fort Smith, Arkansas (specifically at 2100 N 31st Street). Their primary mission is to offer affordable housing solutions to individuals who fall under the low-income bracket. This mission is crucial in addressing the housing needs of a significant portion of the population, thereby contributing positively to their overall well-being. The organization's purpose is clearly defined and reflected in its activities, providing an essential service in the community.
Is Hacfs Properties legitimate?
Hacfs Properties is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hacfs Properties 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Hacfs Properties?
Hacfs Properties, as a corporation, is committed to serving a noble purpose. Its mission is centered around providing affordable housing opportunities for individuals with limited income. By doing so, the corporation aims to contribute significantly to their living circumstances, ensuring that everyone has a roof over their heads regardless of their financial situation. The corporation's activities are directed towards this end, making affordable housing a reality for those who need it most. By providing affordable housing, Hacfs Properties is playing an essential role in promoting social equality and improving the overall quality of life for its target population.
Who is the CEO of Hacfs Properties?
Mitchell Minnick is the Chairman of Hacfs Properties.
What is the revenue of Hacfs Properties?
Hacfs Properties's revenue in 2022 was $257,449.
Who are the executives of Hacfs Properties and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $151,976
- Other: $20,514
Where can I find the form 990 for Hacfs Properties?
Hacfs Properties's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hacfs Properties
Hacfs Properties, as a corporation, is committed to a noble mission. They strive to make a significant impact by providing affordable housing solutions to individuals who fall under the low-income bracket. This mission is at the heart of their corporate purpose, serving as a beacon of hope and support for those in need. By offering affordable housing, Hacfs Properties aims to contribute to the betterment of their community, enabling individuals to secure a stable living situation and focus on other aspects of their lives. Their mission is a testament to their dedication to social responsibility and their commitment to improving the quality of life for those less fortunate.
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Impact
October, 2024
Hacfs Properties plays a significant role in addressing the critical need for affordable housing in Fort Smith, AR. By specifically targeting low-income individuals, the organization helps to alleviate housing insecurity and contribute to community stability.
The impact of Hacfs Properties extends beyond just providing shelter; it fosters economic empowerment by giving residents access to safe, affordable living spaces. This stability can lead to improved overall wellbeing, allowing individuals and families to pursue educational and job opportunities, which in turn can enhance their quality of life.
Furthermore, by supporting the local housing market, Hacfs Properties contributes to the economic development of Fort Smith. Affordable housing initiatives can stimulate local economies, attract new residents, and promote a healthier community environment. The organization’s commitment to addressing housing challenges positions it as a vital player in fostering social equity and improving the living conditions for many in the region.
This information is meant to be a general summary of Hacfs Properties. 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: $50
- Program Service Revenue: $125,798
- Gross Receipts: $257,449
Assets and Liabilities:
- Total Assets: $2,479,276
- Total Liabilities: $2,330,205
- Net Assets: $149,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FORGIVENESS
Revenue
$79,869
TENANT RENT
Revenue
$43,084
MISCELLANEOUS REVENUE
Revenue
$2,845
Organization Details
Founding Year
2022
Principal Officer
Mitchell Minnick
Main Address
2100 N 31ST STREET, FORT SMITH, AR, 729046140
NTEE Category
Code: L20 - Housing
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