AI Summary
The Monterey County Housing Authority Development Corporation (EIN: 20-2685023) is a nonprofit organization dedicated to acquiring, rehabilitating, developing, owning, and operating affordable housing for low-, very low-, and moderate-income households in California, particularly in Monterey County and the City of Soledad. With an operating budget of $3.2 million and total revenue of $3.7 million for the 2024 filing year, the organization works in partnership with various housing authorities and nonprofit corporations to provide essential housing services. The organization does not rely on a single funder for 50% or more of its revenue.
Mission Statement
TO ACQUIRE, REHABILITATE, DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING AND THE PROVISIONS OF RELATED SERVICES FOR LOW-, VERY LOW-, AND MODERATE-INCOME HOUSEHOLDS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH HOUSEHOLDS. THESE SERVICES ARE FOR AND ON BEHALF OF THE HOUSING AUTHORITY OF THE COUNTY OF MONTEREY, THE CITY OF SOLEDAD HOUSING AUTHORITY, OTHER POLITICAL SUBDIVISIONS OF THE STATE OF CALIFORNIA, AND NONPROFIT CORPORATIONS, WHICH ARE EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE CODE OR SUCCESSOR PROVISION, AND TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE GOALS AS ALLOWED BY LAW.
Cause Areas
2
Community improvement
Housing development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION’s budget?
In 2024, MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION reported an annual operating budget of around $3.2 million. More detailed financial information is available to registered users.
What causes does MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION support?
MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION supports work in Community improvement and Housing development.
Where does MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION operate?
MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION is headquartered in SALINAS, CA.
What is MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION’s reliance on government grants?
MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION relied on government grants for more than 40% of their total revenue in 2024.