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Martin Luther King Housing Development Association

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

EIN: 943081814 ✦ Tacoma, WA ✦ Designated as a 501(c)(3)

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Overview

What is Martin Luther King Housing Development Association?

The Martin Luther King Housing Development Association (MLKHDA) serves as a community-based organization situated in Tacoma, Washington. Their primary mission is to provide affordable housing solutions for near-homeless and low-income individuals and families within the Pierce County area, ensuring they meet the area's median income criteria. MLKHDA helps these individuals and families rebuild or maintain their rental history while offering the most affordable rental options in Pierce County. Beyond housing, the association also provides emergency shelter, supportive services, and encourages self-sufficiency, homeownership, neighborhood revitalization, and economic development. They work diligently to promote a better living environment for the community. With a small yet dedicated workforce of two employees, MLKHDA strives to make a significant impact in the lives of those in need.

Is Martin Luther King Housing Development Association legitimate?

Martin Luther King Housing Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin Luther King Housing Development 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: $143,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Martin Luther King Housing Development Association?

The Martin Luther King Housing Development Association serves as a Community-Based Organization, dedicated to providing affordable housing, emergency shelter, and supportive services. Their mission is to foster self-sufficiency, encourage homeownership, and revitalize neighborhoods, all while promoting economic development. They assist near-homeless and low-income individuals and families, helping them establish or re-establish their rental history, and maintain the most affordable rents in the Pierce County area.

Who is the CEO of Martin Luther King Housing Development Association?

Linda Fotiou is the Comptroller of Martin Luther King Housing Development Association.

What is the revenue of Martin Luther King Housing Development Association?

Martin Luther King Housing Development Association's revenue in 2023 was $293,366.

Who are the executives of Martin Luther King Housing Development Association and what are their salaries?

The average compensation at Martin Luther King Housing Development Association during 2023 was $71,810. There are 2 employees at Martin Luther King Housing Development Association.


Here are 4 key members and their salaries:


Annette Stewart (Comptroller)
  • Compensation: $71,875
  • Related: $0
  • Other: $0
Linda Fotiou (Interim Executive Director)
  • Compensation: $71,744
  • Related: $0
  • Other: $0
Douglas Coleman (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Fennell (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Martin Luther King Housing Development Association?

Martin Luther King Housing Development Association's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Martin Luther King Housing Development Association

Martin Luther King Housing Development Association, as a community-based organization, is dedicated to providing affordable housing, emergency shelter, and supportive services. Their mission is to promote self-sufficiency, homeownership, neighborhood revitalization, and economic development. They assist near-homeless and low-income individuals and families in the Pierce County area, ensuring they meet the area's median income criteria. By offering affordable rentals, MLKHDA helps these individuals and families establish or re-establish their rental history while keeping rent costs at the lowest levels in Pierce County. This organization is committed to empowering its residents and contributing to the overall improvement of their community.

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Impact




October, 2024

The Martin Luther King Housing Development Association significantly enhances the community by providing affordable housing solutions to low-income and near-homeless individuals and families in Tacoma, WA. By ensuring access to safe, stable housing, the organization helps families establish or re-establish their rental history, which is crucial for long-term housing stability.

Additionally, MLKHDA's emergency shelter services serve as a vital lifeline for those in immediate need, offering not just a roof over their heads but also pathways to supportive services that foster self-sufficiency. By promoting homeownership and neighborhood revitalization, the organization contributes to the overall economic development of the region, strengthening the local community and economy.

Through these initiatives, the Martin Luther King Housing Development Association plays an essential role in transforming lives, promoting equity, and building a stronger, more resilient Tacoma.




This information is meant to be a general summary of Martin Luther King Housing Development 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.

Revenue
$293,366 (2023)
Expenses
$368,390 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $292,366
  • Gross Receipts: $293,366

Assets and Liabilities:

  • Total Assets: $2,242,898
  • Total Liabilities: $2,742,763
  • Net Assets: -$499,865

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Programs

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

Rent

Revenue

$269,039

Fees

Revenue

$14,279

Deposits

Revenue

$8,724

Laundry

Revenue

$324

Organization Details

Founding Year

1988

Principal Officer

Linda Fotiou

Main Address

1147 Tacoma Ave S, Tacoma, WA, 98402

NTEE Category

Code: L20 - Housing

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