Merit Housing Incorporated
Merit Housing Incorporated
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About this organization
Revenue
$335,263
Expenses
$10,779
Mission
Organized for the purpose of providing housing and related services to low-income persons.
About
The organization currently owns and operates 5 low income housing rental projects as the managing general partner. These rental projects provide 539 rental units.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Merit housing was established to expand housing opportunities for low-income households to low-income families and seniors. housing may be provided by owning properties outright or indirectly by participating in housing partnerships. presently merit is primarily providing housing through partnerships.mission-based participation in partnershipsto foster housing for low-income families and seniors, merit housing, inc. participates in section 42 limited partnerships which qualify under the low-income housing tax credit program. the ownership percentage as the nonprofit partner is generally 1% or less and for many projects the up-front capital contributions is not required or insignificant. participation in housing partnerships is an extension of the mission to provide long-term affordable housing.”.
When explaining its purpose, the activities were outlined as: “Organized for the purpose of providing housing and related services to low-income persons.”.
- As per legal reporting requirements, the state of operation for the non-profit is CA.
- The non-profit's address for 2020 is listed as 414 E CHAPMAN AVENUE, ORANGE, CA, 928661510 in the filing.
- As per the non-profit's form, they have 0 employees as of 2020.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $324,484.
- The organization has 5 independent voting members.
- The organization was formed in 1996.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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