River Community Homes Inc.
River Community Homes Inc.
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About this organization
Revenue
$475,240
Expenses
$505,466
Mission
Cooperative housing for low income, elderly, and handicapped individuals.
About
The housing development is specifically designed for lower income families, the handicapped and the elderly. All of the above program service revenue comes from the residents and enables continuation of services to them (exempt purpose) under the housing assistance payments program (Section 8 of the U.S. Housing Act of 1937) administered by HUD and the California Housing Finance Agency. This program mandates assistance, but not full subsidy to the needy recipients of the housing development services. The housing assistance payments for the 40-unit limited equity housing coop account for approximately 70% of the corporation's annual support.
Interesting data from their 2019 990 filing
The purpose of the non-profit is outlined in the filing as “Cooperative housing for low income, elderly, and handicapped individuals.”.
When discussing its operations, they were defined as: “Cooperative housing for low income, elderly, and handicapped individuals.”.
- The state where the non-profit operates has been legally reported as CA.
- The filing indicates that the non-profit's address in 2019 is located at 1061 HALLEN DRIVE, ARCATA, CA, 95521.
- The non-profit has reported 3 employees on their form as of 2019.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$30,226.
- The organization has 5 independent voting members.
- The organization was formed in 1982.
- The organization pays $70,494 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.