North Haven Opportunity For Affordable Housing Inc

Organization Overview

North Haven Opportunity For Affordable Housing Inc is located in North Haven, CT. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. North Haven Opportunity For Affordable Housing Inc 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, North Haven Opportunity For Affordable Housing Inc generated $83.1k in total revenue. All expenses for the organization totaled $84.5k during the year ending 12/2023. While expenses have increased by 34.5% per year over the past 6 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

ADVOCATE FOR AND CONSTRUCT AFFORDABLE HOUSING IN NORTH HAVEN, CT

Describe the Organization's Program Activity:

Part 3 - Line 4a

NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC.,HAS CONSTRUCTED AN AFFORDABLE RENTAL HOUSING (8 UNIT)PROJECT THAT STARTED IN NOVEMBER 2018 AND THE CONSTRUCTION ENDED AT THE END OF THE 2019 YEAR. THIS PROJECT IS FINANCED BY A LONG TERM LOAN FROM THE CONNECTICUT DEPARTMENT OF HOUSING. THE MAINTENANCE AND OPERATIONS OF THE FACILITY IS REPORTED FROM THE 2020 YEAR TO THE PRESENT.


NORTH HAVEN OPPORTUNITY FOR AFFORDABLE HOUSING INC., CONTINUES TO MONITOR RESALES AT SUMMERDALE TO ENSURE THAT BUYERS ARE INCOME ELIGIBLE AND THAT THE PRICES DO NOT EXCEED GUIDELINES.


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Board, Officers & Key Employees

Name (title)Compensation
Marjorie Allen Dauster
President
$0
Sandra Stetson
Vice President
$0
Susan Compton
Secretary
$0
Lorraine Martin
Treasurer
$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$82,969
Investment income $129
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 $83,098

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