Central City Affordable Housing Inc

412 Apartments

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

EIN: 911592873 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Central City Affordable Housing Inc?

Central City Affordable Housing Inc is a nonprofit organization located in Central Seattle, Washington. Their primary mission is to provide affordable housing opportunities for individuals in need, specifically through the operation of a 12-unit apartment complex. This project, known as 412 Apartments, is backed by Section 8 of the National Housing Act, ensuring that eligible tenants can reside there with subsidized rent. The organization's mission is carried out with the aim of supporting low-income individuals, contributing positively to the local community.

Is Central City Affordable Housing Inc legitimate?

Central City Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central City Affordable 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: $18,501

For more financial information, click here

What is the mission statement of Central City Affordable Housing Inc?

Central City Affordable Housing Inc's mission is centered around providing affordable housing options. Specifically, they own and manage a 12-unit apartment complex, operating under Section 8 of the National Housing Act. This allows them to provide suitable dwellings for qualified low-income tenants, assigning rental charges accordingly. The organization's primary goal is to make housing more accessible for individuals who may otherwise struggle with housing affordability.

Who is the CEO of Central City Affordable Housing Inc?

Christopher Persons is the President of Central City Affordable Housing Inc. The CEO's salary of Central City Affordable Housing Inc is $0 and their total compensation is $249,347.

What is the revenue of Central City Affordable Housing Inc?

Central City Affordable Housing Inc's revenue in 2022 was $270,037.

Who are the executives of Central City Affordable Housing Inc and what are their salaries?

There 4 volunteers at Central City Affordable Housing Inc.


Here are 6 key members and their salaries (Central City Affordable Housing Inc's CEO's salary is $0 and their total compensation is $249,347):


Alice Quaintance (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Fleming (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Dunn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Staggers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Persons (Ceo)
  • Compensation: $0
  • Related: $230,822
  • Other: $18,525
Leslie Woodworth (Vice President Of Finance)
  • Compensation: $0
  • Related: $151,888
  • Other: $16,203
Where can I find the form 990 for Central City Affordable Housing Inc?

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

Mission Statement of Central City Affordable Housing Inc

Central City Affordable Housing Inc, as its name suggests, is committed to providing low-income housing. This nonprofit organization operates a 12-unit apartment complex in a central location, specifically in Seattle, Washington. The project adheres to section 8 of the National Housing Act, which means the rental charges are assigned to qualified individuals who meet the income eligibility criteria. By offering affordable housing options, Central City Affordable Housing Inc plays a significant role in contributing to a more inclusive and equitable community, ensuring that individuals in need of housing assistance have a place to call home.

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Impact




October, 2024

Central City Affordable Housing Inc plays a crucial role in addressing the housing crisis by providing low-income housing options in Central Seattle. By operating a 12-unit apartment complex, it offers safe and stable living environments for qualified tenants who may struggle to afford market-rate rents. The organization ensures that these residences comply with Section 8 of the National Housing Act, facilitating rental charges that are manageable for families and individuals with limited financial resources. This effort not only helps alleviate homelessness and housing insecurity in the region but also contributes to the overall well-being of the community by fostering a diverse and inclusive neighborhood where residents can thrive.




This information is meant to be a general summary of Central City Affordable 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
$270,037 (2022)
Expenses
$238,439 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $375
  • Program Service Revenue: $64,083
  • Gross Receipts: $270,037

Assets and Liabilities:

  • Total Assets: $802,510
  • Total Liabilities: $1,038,730
  • Net Assets: -$236,220

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENTS

Revenue

$64,083

Organization Details

Founding Year

1993

Principal Officer

Christopher Persons

Main Address

1620 12TH AVENUE 205, SEATTLE, WA, 98122

NTEE Category

Code: L80 - Housing

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