City Of Fairfax Renaissance Housing Corporation

Organization Overview

City Of Fairfax Renaissance Housing Corporation is located in Fairfax, VA. The organization was established in 2002. 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. City Of Fairfax Renaissance Housing Corporation 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 06/2024, City Of Fairfax Renaissance Housing Corporation generated $799.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $331.7k during the year ending 06/2024. While expenses have increased by 17.6% 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

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE CITY OF FAIRFAX HOMEOWNERS WITH AN ATTRACTIVE OPPORTUNITY TO UPGRADE THEIR HOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Dale Lestina
President (ending 6/11/2024)
$0
Alan Glenn
Vice-President
$0
James Shipp
Secretary
$0
Douglas Ross
Treasurer
$0
Amanullah Amin
Director
$0
Paul Cunningham
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $792,154
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$792,154
Total Program Service Revenue$2,003
Investment income $4,892
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 $799,049

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