HCR-FC MARLBOROUGH WOODS

As filed

Subsection

03

NTEE code

S20

Classification

1200

Street

3501 TUCKASEEGEE RD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• FREEDOM COMMUNITIES

  EIN 82-2329303

Mission and programs · 2024

• HCR-FC MARLBOROUGH WOODS, LLC ACQUIRES RENTAL UNITS IN THE MARLBOROUGH WOODS NEIGHBORHOOD WITH THE PURPOSE OF PROVIDING OPPORTUNITIES FOR TENANTS TO BECOME HOMEOWNERS. IT IS ANTICIPATED OVER A 10 YEAR PERIOD THAT CURRENT TENANTS WILL TURNOVER AND THAT NEW HOMEBUYERS WILL BE IDENTIFIED FOR THE UNITS. WHILE TENANTS ARE RENTING, FREEDOM COMMUNITIES PROVIDES TENANT MANAGEMENT AND SUPPORT FOR FAMILIES. EACH TENANT HAS THE OPPORTUNITY TO MEET WITH A CASE WORKER TO DETERMINE THE NEEDS OF THE FAMILY AND CONNECT THEM WITH THE COMMUNITY RESOURCES THAT WILL SERVE THEM BEST. HABITAT CHARLOTTE REGION PROVIDES OPPORTUNITIES FOR RESIDENTS TO PARTICIPATE IN ITS VARIOUS FINANCIAL LITERACY PROGRAMS TO ASSESS HOME BUYER READINESS AND UPON COMPLETION, WILL DETERMINE IF THEY ARE PREPARED TO PURCHASE ONE OF THE MARLBOROUGH WOODS UNITS OR ANOTHER HOUSING SOLUTION ELSEWHERE. AS TENANTS MOVE OUT, HABITAT CHARLOTTE REGION REHABS THE UNITS INCLUDING REMODELING THE KITCHEN AND BATH, REPLACING WINDOWS, CLEANING FLOORS, AND PAINTING THE UNIT. HOMEBUYERS WILL BE IDENTIFIED THROUGH HABITAT CHARLOTTE REGION AND WILL HAVE AN AMI OF 30-80%. SALES PRICES WILL BE SET BY THE MARKET AND HABITAT CHARLOTTE REGION WILL SECURE AN AFFORDABLE MORTGAGE FOR THE HOMEBUYER TO ENSURE THAT HOUSING COSTS WILL NOT EXCEED 30% OF THE HOMEBUYER'S HOUSEHOLD INCOME. MORTGAGES ARE NOT EXPECTED TO EXCEED 360 MONTHS. MORTGAGE HOLDERS WILL RECEIVE ONGOING COMMUNICATIONS FROM HABITAT CHARLOTTE REGION, INVITATIONS TO WORKSHOPS, COMMUNITY MEETINGS, ETC. TO POSITION THEM TO THRIVE AS HOMEOWNERS.

  Expenses $303,873 · Revenue $232,745

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $229,692

  Expenses

  $320,569

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files