City of Fairfax Renaissance Housing Corporation
City of Fairfax Renaissance Housing Corporation
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About this organization
Revenue
$201,745
Expenses
$114,754
Mission
To provide City of Fairfax homeowners with an attractive opportunity to upgrade their homes.
About
The corporation participates in a program in conjunction with a local bank under which the bank lends money to qualified homeowners for home improvements, and the corporation pays all the interest on those 2 year bank loans. The corporation establishes the criteria for participation in the program and evaluates applications from homeowners to determine the homeowners' eligibility for the program. The bank determines whether to lend to the homeowner based upon its lending criteria. The purpose of the loan program is to encourage homeowners to improve old and deteriorated homes in order to improve the quality of residential neighborhoods in Fairfax.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “To encourage community revitalization and redevelopment in the city of fairfax.”.
When referring to its tasks, they were described as: “To provide city of fairfax homeowners with an attractive opportunity to upgrade their homes.”.
- The non-profit is operating legally in the state of VA.
- The non-profit's address for the year 2020 is listed as PO BOX 3178, FAIRFAX, VA, 22038 in the filing.
- The form submitted by the non-profit organization for 2020 reports 0 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $86,991.
- The organization has 5 independent voting members.
- The organization was formed in 2000.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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