Overview
What is Mountclef Community Association?
Mountclef Community Association is a nonprofit organization situated in LOS ANGELES, CA (90007), committed to offering affordable housing options for individuals with low or moderate incomes. They participate in HUD programs, specifically Section 236 and 220, and are under the Section 8 Housing Assistance Contract. This organization's primary mission is to ensure that housing remains accessible and affordable for those who require it, contributing to the community's overall social welfare.
Is Mountclef Community Association legitimate?
Mountclef Community Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountclef Community 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.
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What is the mission statement of Mountclef Community Association?
The Mountclef Community Association's mission is centered around providing affordable housing options for individuals with modest or low income levels. This mission is accomplished through the implementation of housing programs, such as those under HUD's Section 236 and 220, subject to a Section 8 Housing Assistance Contract. The organization strives to make housing more accessible and affordable for those in need, thereby contributing positively to their living situations.
What is the revenue of Mountclef Community Association?
Mountclef Community Association's revenue in 2024 was $201,060.
Who are the executives of Mountclef Community Association and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mountclef Community Association?
Mountclef Community Association's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Mountclef Community Association
Mountclef Community Association, as stated in its mission, is dedicated to providing affordable housing solutions for individuals and families with modest incomes. This nonprofit organization operates under two essential HUD programs: Section 236 and Section 220, and is subject to a Section 8 Housing Assistance Contract. This commitment to affordable housing is aimed at making living accommodations more accessible for those who may struggle financially, thereby contributing to their overall well-being and stability.
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Impact
October, 2024
Mountclef Community Association significantly impacts the lives of individuals and families in Los Angeles by offering low-cost housing options. By participating in HUD programs under Section 236 and 220, the organization ensures that those with low or moderate incomes have access to safe and affordable homes. This effort alleviates the financial burden on vulnerable populations, allowing them to achieve greater stability and security.
The association's commitment to affordable housing helps foster community development and economic growth, contributing to a better quality of life for residents. With the support of the Section 8 Housing Assistance Contract, Mountclef Community Association effectively enhances housing opportunities, ensuring that families can focus on education, employment, and overall well-being rather than the stress of housing insecurity.
This information is meant to be a general summary of Mountclef Community 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 2024.
- Investment Income: $9
- Program Service Revenue: $196,680
- Gross Receipts: $201,060
Assets and Liabilities:
- Total Assets: $858,665
- Total Liabilities: $2,394,722
- Net Assets: -$1,536,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$12,882
Rents - tenants
Revenue
$183,798
Organization Details
Founding Year
1991
Principal Officer
Ana Ponce
NTEE Category
Code: L80Z - Housing
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