COMMONWEALTH MULTIFAMILY HOUSING CORPORATION
1610 S 31ST ST NO 200, TEMPLE, TX 76504 w.commonwealth-multifamily.org

Total Revenue
$7,333,624
Total Expenses
$8,911,420
Net Assets
$-7,585,200

Organizations Filed Purposes: PROVIDE AFFORDABLE HOUSING FOR RELIEF OF POOR AND DISTRESSED.

PRESERVATION, DEVELOPMENT, CONSTRUCTION AND OPERATION OF AFFORDABLE MULTIFAMILY HOUSING AND THE PROVIDING OF EDUCATIONAL AND SELF-IMPROVEMENT SERVICES TO THE MIDDLE, LOW AND VERY-LOW INCOME RESIDENTS IN SUCH HOUSING.

AFFORDABLE RENTS: THE ORGANIZATION HAS MAINTAINED ITS RENTS FOR 75% OR MORE OF THE RESIDENTIAL UNITS AT AT A LEVEL WHICH IS AFFORDABLE FOR RESIDENTS MAKING 80% OR LESS OF AREA MEDIAN INCOME (AMI) IN THE METROPOLITAN AREAS WHERE EACH OF ITS APARTMENT PROPERTIES ARE LOCATED.

ENHANCED COMMUNITIES: THE ORGANIZATION PROVIDES LOW- AND VERY-LOW-INCOME RESIDENTS WITH AN AFFORDABLE, SAFE COMMUNITY ENHANCED BY SPECIALLY TRAINED AFFORDABLE HOUSING MANAGEMENT PROFESSIONALS WHO BRING NURTURING AND SUPPORTIVE ATTITUDES TO THE STAFF-RESIDENT RELATIONSHIP AND PROVIDE SERVICES WHICH GO FAR BEYOND SIMPLE LEASING, COLLECTION AND MAINTENANCE.

CAPITAL IMPROVEMENTS: THE ORGANIZATION CONTINUES TO BE ENGAGED IN A PROGRAM OF CAPITAL IMPROVEMENTS DESIGNED TO MAINTAIN ITS PROPERTIES AS SAFE, SANITARY AND DESIRABLE COMMUNITIES WHILE RETAINING THEIR AFFORDABILITY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
David P ColeVICE PRESIDENT/SECRETARY40.5$150,000
John A CarlisiPRESIDENT/TREASURER40.5$150,000
Jacque H WoodringDIRECTOR0.5$0
Margaret McfarlandDIRECTOR0.5$0
Jeanette ItaDIRECTOR0.5$0
Patricia RainwaterDIRECTOR0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003189349313150_public.xml