Mutual Housing Association Of South Central Connecticut
Mutual Housing Association Of South Central Connecticut
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About this organization
Mission
To strengthen neighborhoods by developing quality, affordable homes and supporting community building initiatives.
About
REAL ESTATE DEVELOPMENTTHE REAL ESTATE DEVELOPMENT DIVISION PROVIDES A SIGNIFICANT SOURCE OF NEIGHBORWORKS NEW HORIZONS REVENUE THROUGH THE GENERATION OF DEVELOPER'S FEES UPON THE COMPLETION AND OCCUPANCY OF EACH DEVELOPMENT. REAL ESTATE DEVELOPMENT WORKS WITH MUNICIPALITIES ON SITE SELECTION, OBTAINS FUNDING COMMITMENTS, SELECTS GENERAL CONTRACTORS AND OVERSEES CONSTRUCTION.NEW HAVEN147 SALTSONSTALL 2 UNITSNEW CONSTRUCTION FOR ONE HOMEOWNERSHIP OPPORTUNITY. CONSTRUCTION INCLUDES DEMOLITION OF EXISTING STRUCTURE.217 WINTHROP AVENUE 4 UNITSNEW CONSTRUCTION FOR TWO HOMEOWNERSHIP OPPORTUNITIES. RICHARD STREET II - 26 UNITSCONSISTS OF 20 UNITS FROM EXISTING PORTFOLIO IN NEED OF CAPITAL UPGRADES AND 3 UNITS EACH AT 135 JAMES STREET AND 19 RICHARD STREET. BOTH BUILDINGS COMPLETED LEAD-BASED PAINT REMEDIATION IN THE SUMMER OF 2016. PAWCATUCKSPRUCE RIDGE-86-88 SOUTH BROAD STREET 43 UNITSTHIS IS A NEW CONSTRUCTION DEVELOPMENT, WHICH WILL HAVE 2 THREE-STORY BUILDINGS. ANTICIPATED COMPLETION BY JAN, 2020.WATERBURYLINDEN STREET 44 UNITSTHIS IS A NEW CONSTRUCTION PROJECT CONSISTING OF TWO BUILDINGS WITH 1-3 BEDROOM UNITS.CENTRAL AVENUE 8 UNITS TWO MULTI-FAMILY PROPERTIES LOCATED AT 54 CENTRAL AND 141 CENTRAL. REHABILITATION FOR 1-3 BEDROOM UNITS. ANTICIPATED COMPLETION BY END OF 2019.49 HILLSIDE 2 UNITSDONATED BY PRIVATE INDIVIDUAL IN HILLSIDE HISTORIC NEIGHBORHOOD WILL BE REHABILITATED FOR A HOMEOWNERSHIP OPPORTUNITY.HAMDENSPRING ROSE GARDENS-87 UNITS. THIS IS A MIDDLE SCHOOL BEING CONVERTED TO RESIDENTIAL RENTAL WITH EIGHT NEWLY CONSTRUCTED BUILDINGS, ONE EXISTING REHAB AND ONE COMMUNITY BUILDING.SHELTONRIVER BREEZE APARTMENTS-68 UNITS. NEW CONSTRUCTION OF 1-2 BEDROOM UNITS, DEMOLITION AND SITE REMEDIATION OF MILL PROPERTY COMPLETED.EAST HAVENUNION SCHOOL APARTMENTS 18 UNITSEXISTING DEVELOPMENT BEING ACQUIRED FROM ANOTHER NONPROFIT ORGANIZATION. MODERATE REHABILITATION TO TAKE PLACE. ANTICIPATED CONSTRUCTION COMPLETION IN 2019.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “To develop, own and operate permanently affordable quality housing that builds strong, healthy and vibrant communities through active resident and community participation and leadership.”.
When referring to its actions, they were described as: “To develop, own and manage affordable housing; encourage community involvement and to prevent and eliminate neighborhood deterioration.”.
- According to the law, the state of operation reported by the non-profit is CT.
- As per the filing, the address of the non-profit for 2020 is 235 GRAND AVENUE 2ND FLOOR, NEW HAVEN, CT, 06513.
- According to their form, the non-profit as of 2020 has a total of 53 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $886,038.
- The organization has 12 independent voting members.
- The organization was formed in 1992.
- The organization pays $1,912,885 in salary, compensation, and benefits to its employees.
- The organization pays $187,373 in fundraising expenses.
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