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Congregational Retirement Homes Iii Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042628372 ✦ Melrose, MA ✦ Designated as a 501(c)(3)

Overview

What is Congregational Retirement Homes Iii Inc?

Congregational Retirement Homes Iiii Inc, located at 200 West Foster Street, Melrose, MA 02176, is a nonprofit organization dedicated to providing retirement housing for individuals with low to moderate incomes. Under the HUD 202/Section 8 housing programs, this organization manages and operates its retirement home, ensuring all expenditures are solely utilized for this purpose. The mission of Congregational Retirement Homes Iiii Inc is to offer comfortable and affordable living spaces for seniors within its community.


Is Congregational Retirement Homes Iii Inc legitimate?

Congregational Retirement Homes Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Congregational Retirement Homes Iii Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,715

For more financial information, click here


What is the mission statement of Congregational Retirement Homes Iii Inc?
Who is the CEO of Congregational Retirement Homes Iii Inc?
What is the revenue of Congregational Retirement Homes Iii Inc?
Who are the executives of Congregational Retirement Homes Iii Inc and what are their salaries?
Where can I find the form 990 for Congregational Retirement Homes Iii Inc?

Mission Statement of Congregational Retirement Homes Iii Inc

Congregational Retirement Homes III Inc is committed to providing retirement housing for individuals with low to moderate income. This mission is carried out under the HUD 202/Section 8 Housing Programs. The organization's primary purpose is to manage and operate this retirement home, with all expenses directly tied to achieving this objective. By offering affordable housing options, Congregational Retirement Homes III Inc aims to contribute to the well-being of its residents, providing them with a comfortable and secure living environment during their retirement years.

Impact

This information is meant to be a general summary of Congregational Retirement Homes Iii Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Congregational Retirement Homes III Inc provides essential retirement housing to low to middle-income individuals under the HUD 202/Section 8 housing programs. By offering affordable housing options, this organization plays a crucial role in supporting the well-being and security of vulnerable populations in the community. Their impact extends towards ensuring that seniors have a comfortable and affordable place to live during their retirement years, contributing to a better quality of life for those they serve.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $17,170
  • Program Service Revenue: $2,794,585
  • Gross Receipts: $2,811,755

    • Assets and Liabilities:
  • Total Assets: $9,492,641
  • Total Liabilities: $222,348
  • Net Assets: $9,270,293
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT ASSISTANCE PAYM

    Revenue

    $2,244,608

    RENTAL REVENUE

    Revenue

    $545,111

    LAUNDRY AND VENDING

    Revenue

    $4,866

    Organization Details

    Founding Year

    1977

    Principal Officer

    Paul Perkins

    Main Address

    200 WEST FOSTER STREET, MELROSE, MA, 02176

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Congregational Retirement Homes Iii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.