Overview
What is Columbia Valley Housing Association?
Columbia Valley Housing Association is a local, nonprofit organization situated in Wenatchee, Washington. Their primary mission is to promote affordable homeownership for low-income families in Chelan and Douglas counties. They accomplish this through various initiatives, such as offering down-payment assistance for first-time buyers, providing free financial counseling and homebuyer education, developing community land trust properties, constructing new homes, and advocating for relevant legislation. The association also utilizes grant funding to purchase land for the land trust program, ensuring that housing for low-income families remains a perpetual priority. The organization's current activities involve managing underlying mortgage payments from home sales and down-payment assistance programs, which will be reinvested to fund future affordable housing projects, offer additional assistance, or acquire more land through their land lease program.
Official website here: www.cvhousing.org
Is Columbia Valley Housing Association legitimate?
Columbia Valley Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Valley Housing Association 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: $34,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cvhousing.org
What is the mission statement of Columbia Valley Housing Association?
The Columbia Valley Housing Association is a non-profit organization dedicated to promoting affordable homeownership for low-income families. They achieve this through various initiatives such as providing down-payment assistance for first-time buyers, offering free financial counseling and homebuyer education, developing community land trust properties, constructing new homes, and advocating for relevant legislation. The organization also engages in homeownership counseling for qualified individuals and uses the proceeds from their programs to fund future affordable housing projects or purchase additional land.
Official website here: www.cvhousing.org
Who is the CEO of Columbia Valley Housing Association?
Tracy Bacon is the President of Columbia Valley Housing Association.
Official website here: www.cvhousing.org
What is the revenue of Columbia Valley Housing Association?
Columbia Valley Housing Association's revenue in 2022 was $85,670.
Official website here: www.cvhousing.org
Who are the executives of Columbia Valley Housing Association and what are their salaries?
The average compensation at Columbia Valley Housing Association during 2022 was $34,800. There is 1 employee at Columbia Valley Housing Association.
Here are 7 key members and their salaries:
- Compensation: $34,835
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cvhousing.org
Where can I find the form 990 for Columbia Valley Housing Association?
Columbia Valley Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cvhousing.org
Learn more at the official website: www.cvhousing.org
Mission Statement of Columbia Valley Housing Association
Columbia Valley Housing Association, a grassroots non-profit organization, is dedicated to promoting affordable homeownership for low-income families in Chelan and Douglas counties. The organization achieves this mission through various means, including providing down-payment assistance for first-time buyers, offering free financial counseling and homebuyer education, developing community land trust properties, constructing new homes, and advocating for legislative changes.
To support its mission, Columbia Valley Housing Association utilizes grant funding to aid qualified homebuyers with down-payment assistance. The organization also invests in land acquisition, establishing a land trust program where it maintains ownership of the land to ensure that the homes built on it will remain affordable for low-income families indefinitely. The Association generates revenue by collecting on the underlying mortgages and proceeds from its down-payment assistance and home sales programs, which are then reinvested in future low-income housing projects, providing additional assistance to eligible families, or purchasing additional land through the land lease program.
In addition to homeownership assistance, Columbia Valley Housing Association offers counseling services to individuals in the process of purchasing homes, equipping them with the knowledge and resources needed to successfully navigate the home buying process. By providing these comprehensive services, Columbia Valley Housing Association empowers low-income families to secure and maintain affordable housing, contributing to their overall stability and well-being.
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Impact
October, 2024
Columbia Valley Housing Association significantly impacts affordable homeownership in Chelan and Douglas counties by providing critical support to low-income families. Through down-payment assistance, first-time buyers gain access to homes that would otherwise be out of reach. The organization offers free financial counseling and homebuyer education, equipping individuals with the knowledge and skills necessary for sustainable homeownership.
By acquiring land for a community land trust, they ensure that homes built on this land remain affordable over time, safeguarding their availability for future generations. The Association's proactive funding strategies, which involve collecting on underlying mortgages and utilizing proceeds for new projects, enable a continuous cycle of development that addresses housing needs in the community.
In addition to building new homes, Columbia Valley Housing Association engages in legislative advocacy, working to create policies that further support affordable housing initiatives. Their efforts collectively enhance community stability and improve the living conditions of families in the region.
This information is meant to be a general summary of Columbia Valley Housing Association. 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: $81,491
- Program Service Revenue: $1,800
- Gross Receipts: $118,854
Assets and Liabilities:
- Total Assets: $2,163,904
- Total Liabilities: $2,936
- Net Assets: $2,160,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$1,800
Organization Details
Founding Year
1996
Phone
(509) 888-6784Principal Officer
Tracy Bacon
Main Address
1555 S METHOW Street, WENATCHEE, WA, 98801
Website
www.cvhousing.orgNTEE Category
Code: S31 - Community improvement
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