Overview

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Est.

2004

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

GMF - Preservation of Affordability Corp is a nonprofit organization dedicated to developing and operating low to moderate-income housing nationwide as part of its parent organization's charitable outreach and social services plan. With an operating budget of $17.2 million and total revenue of $20.2 million for the 2023 filing year, the organization relies heavily on a single funder, which contributes approximately 71% of its revenue.

Mission Statement

DEVELOP AND OPERATE LOW-MODERATE INCOME HOUSING NATIONWIDE AS A PART OF THE PARENT'S CHARITABLE OUTREACH/SOCIAL SERVICES PLAN
Revenues
$20.2M
Expenses
$17.2M
Net Income:
+$3.1M
Assets
$56.4M
Liabilities
$55.5M
Net Assets:
+$896.7K
Operating Budget
$17.2M
Operating Budget by Year

Due Diligence

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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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Total No. of Grants
1
Median grant size
$9.8M
Largest grant received
$9.8M
T
Thomas Stovall
Board Member
R
Richard Hamlet
Board Member
P
Philip Roberts
Board Member

Frequently Asked Questions

What is GMF - PRESERVATION OF AFFORDABILITY CORP’s budget?
In 2023, GMF - PRESERVATION OF AFFORDABILITY CORP reported an annual operating budget of around $17.2 million. More detailed financial information is available to registered users.
What causes does GMF - PRESERVATION OF AFFORDABILITY CORP support?
GMF - PRESERVATION OF AFFORDABILITY CORP supports work in Housing development.
Where does GMF - PRESERVATION OF AFFORDABILITY CORP operate?
GMF - PRESERVATION OF AFFORDABILITY CORP is headquartered in Cordova, TN.
Who funded GMF - PRESERVATION OF AFFORDABILITY CORP recently?
In 2023, GMF - PRESERVATION OF AFFORDABILITY CORP received grants from MINISTRY OUTREACH FOUNDATION and MINISTRY OUTREACH FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant GMF - PRESERVATION OF AFFORDABILITY CORP received in 2023?
The largest grant to GMF - PRESERVATION OF AFFORDABILITY CORP in 2023 exceeds $9.8 million.