Overview
What is Montebello Housing Development Corporation?
Montebello Housing Development Corporation, located at 1619 Paramount Blvd, Montebello, CA 90640, is a nonprofit organization dedicated to assisting low-income families in Los Angeles County. Their mission is to help government agencies and authorities develop, rehabilitate, and provide affordable housing for these families. They offer housing counseling for pre-purchase and loss mitigation, serving 194 families in a year. Their primary goal is to empower families to realize the American dream by informing, educating, and facilitating home ownership for first-time homebuyers. Additionally, they aim to combat community blight and deterioration, contribute to physical improvement, provide economic opportunities, and promote social welfare through community-based development activities. The organization employs a team of 6 individuals.
Official website here: www.mhdcca.org
What do the Facebook reviews say about Montebello Housing Development Corporation?
92% of reviewers on Facebook recommend Montebello Housing Development Corporation. Here’s a summary of their insights:
Participants express strong satisfaction with the organization's supportive approach. Many highlight the step-by-step guidance provided by the staff, which effectively assists individuals in achieving their goal of homeownership. Reviewers also appreciate the resources available for those facing mortgage payment difficulties, noting that the nonprofit offers various programs designed to help people retain their homes.
Overall, the testimonials reflect a positive sentiment towards Montebello Housing Development Corporation, indicating that the organization successfully delivers on its promises while supporting its community members through significant housing challenges.
This AI summary has been generated from reviews found on Facebook.
Is Montebello Housing Development Corporation legitimate?
Montebello Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montebello Housing Development Corporation 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: $171,038
For more financial information, click here
Official website here: www.mhdcca.org
What is the mission statement of Montebello Housing Development Corporation?
The Montebello Housing Development Corporation is organized to assist various entities in developing, renovating, owning, and providing affordable housing for low-income residents. The corporation aims to help low-income households secure decent shelter and combat community blight. Additionally, it strives to expand economic opportunities for low and moderate-income individuals and promote social welfare through community-based economic, commercial, and housing development activities. The corporation also assists in educating and facilitating homeownership for first-time homebuyers.
Official website here: www.mhdcca.org
Who is the CEO of Montebello Housing Development Corporation?
Robert Monzon Cpa is the President of Montebello Housing Development Corporation.
Official website here: www.mhdcca.org
What is the revenue of Montebello Housing Development Corporation?
Montebello Housing Development Corporation's revenue in 2022 was $446,158.
Official website here: www.mhdcca.org
Who are the executives of Montebello Housing Development Corporation and what are their salaries?
The average compensation at Montebello Housing Development Corporation during 2022 was $28,506. There are 6 employees and 5 volunteers at Montebello Housing Development Corporation.
Here are 5 key members and their salaries:
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Official website here: www.mhdcca.org
Where can I find the form 990 for Montebello Housing Development Corporation?
Montebello Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhdcca.org
Learn more at the official website: www.mhdcca.org
Mission Statement of Montebello Housing Development Corporation
Montebello Housing Development Corporation, abbreviated as MHDC, is an organization dedicated to empowering families in Los Angeles County to achieve the American Dream. Their primary mission is to assist various government entities in developing, rehabilitating, owning, and providing affordable housing for low-income residents. By doing so, MHDC aims to address the basic human need of decent shelter for these households.
In addition to housing development, MHDC is committed to combating community blight and deterioration, contributing to the physical improvement of the community. They also strive to provide and expand economic opportunities for low and moderate-income individuals. Lastly, MHDC promotes social welfare by engaging in community-based economic, commercial, and housing development activities. In essence, MHDC's mission is to improve the living conditions and economic prospects of low-income families, contributing to a more prosperous and vibrant community.
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Impact
October, 2024
Montebello Housing Development Corporation significantly impacts families throughout Los Angeles County by empowering them to achieve the American dream of homeownership. By providing essential housing counseling, the organization serves as a vital resource for first-time homebuyers, offering guidance, education, and support throughout the homebuying process. In a recent year, MHDC assisted 194 families with pre-purchase and loss mitigation counseling, helping them navigate the complexities of securing safe and affordable housing.
In its mission, MHDC actively collaborates with the city of Montebello and various agencies to develop, rehabilitate, and ensure the availability of decent housing for low-income residents. This focus on affordable housing not only addresses the basic human need for shelter but also combats community blight and deterioration, contributing to the overall physical improvement of the city. Furthermore, by expanding economic opportunities for low- and moderate-income individuals, MHDC promotes social welfare through community-based economic, commercial, and housing development activities. The organization's efforts not only improve living conditions but also foster a stronger, more resilient community.
This information is meant to be a general summary of Montebello Housing Development Corporation. 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: $2,960
- Program Service Revenue: $93,174
- Gross Receipts: $446,158
Assets and Liabilities:
- Total Assets: $8,205,949
- Total Liabilities: $2,259,362
- Net Assets: $5,946,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RESIDENCES
Revenue
$79,795
HOMEBUYER EDUCATION
Revenue
$10,849
LOAN & EQUITY SHARE IN
Revenue
$2,530
Organization Details
Founding Year
1992
Phone
(323) 722-3955Principal Officer
Robert Monzon Cpa
Main Address
1619 PARAMOUNT BLVD, MONTEBELLO, CA, 90640
Website
www.mhdcca.orgNTEE Category
Code: L210 - Housing
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