Greater Newark Housing Partnership Inc.
Greater Newark Housing Partnership Inc.
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About this organization
Mission
To develop, on a nonprofit basis, one or more housing projects for persons of low and moderate income where no adequate housing exists for such persons, which project is to be funded by government aided or other permanent financing as provided for in relevant state and federal statutes. The corporation is empowered to do and perform all acts reasonably necessary to accomplish the purposes of the corporation. In connection with these activities, the corporation seeks to lessen the burden of providing houses and other housing-related issues of both Greater Newark and the state of New Jersey, by seeking public private cooperation in connection with the development of affordable housing.
About
GNHP through its disregarded entity Fairmount Heights Development Company, LLC (FHDC) commenced construction rehabilitation on homes and a park location in the West Ward of Newark. FHDC also obtained a construction loan and line of credit to finance the first phase of the West Ward construction and rehabilitation of homes. GNHP was previously awarded $2.5 million for the federal Neighborhood Stabilization Program (NSP I and NSP II). The organization broke ground on a mixed use affordable housing site with supportive housing tax credit building as not-for-profit partner with Regan Development in Hudson County.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “To develop, on a nonprofit basis, one or more housing projects for persons of low and moderate income where no adequate housing exists for such persons, which project is to be funded by government aided or other permanent financing as provided for in relevant state and federal statutes. the corporation is empowered to do and perform all acts reasonably necessary to accomplish the purposes of the corporation. in connection with these activities, the corporation seeks to lesson the burden of providing houses and other housing-related issues of both greater newark and the state of new jersey, by seeking public private cooperation in connection with the development of affordable housing.”.
Their activities were defined as: “To develop, on a nonprofit basis, one or more housing projects for persons of low and moderate income where no adequate housing exists for such persons, which project is to be funded by government aided or other permanent financing as provided for in relevant state and federal statutes. the corporation is empowered to do and perform all acts reasonably necessary to accomplish the purposes of the corporation. in connection with these activities, the corporation seeks to lesson the burden of providing houses and other housing-related issues of both greater newark and the state of new jersey, by seeking public private cooperation in connection with the development of affordable housing.”.
- As per legal requirements, the non-profit's state of operation is reported as NJ.
- The non-profit's address in 2020 as per the filing is 188 JEFFERSON STREET NO 340, NEWARK, NJ, 07105.
- The form of the non-profit organization shows 0 employees as of 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is less than $100,000.
- Revenue less expenses is $8,035.
- The organization has 0 independent voting members.
- The organization was formed in 2007.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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