Framingham Housing Development Corporation Ii

Organization Overview

Framingham Housing Development Corporation Ii is located in Framingham, MA. The organization was established in 1995. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Framingham Housing Development Corporation Ii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Framingham Housing Development Corporation Ii generated $188.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $160.5k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION OWNS AND OPERATES AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

FHDC II WAS ESTABLISHED TO PROVIDE HOUSING AND ASSISTANCE TO LOW AND MODERATE-INCOME FAMILIES IN THE TOWN OF FRAMINGHAM. ASSISTED 12 FAMILIES DURING 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Janet Leombruno
Chairman
$0
Janice M Rogers
Vice Chairman
$0
Robert L Merusi
Treasurer
$0
Stephen Joyee
Assistant Treasurer
$0
Roberta Roberti
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$188,064
Investment income $71
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $188,215

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