Colony Retirement Homes Iii Inc

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

EIN: 042650115 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Colony Retirement Homes Iii Inc?

Colony Retirement Homes Iii Inc is a nonprofit organization situated in Worcester, Massachusetts. Their primary focus is to develop and provide subsidized housing for low-income elderly individuals, demonstrating a dedication to making affordable living options accessible for senior citizens with modest incomes. The organization's mission is deeply rooted in the belief that everyone deserves a decent living space, regardless of their financial situation.


Official website here: www.colonyretirementhomes.com

Is Colony Retirement Homes Iii Inc legitimate?

Colony Retirement Homes Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colony 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: $50,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,696

For more financial information, click here


Official website here: www.colonyretirementhomes.com

What is the mission statement of Colony Retirement Homes Iii Inc?

Colony Retirement Homes III Inc is committed to providing affordable housing options for seniors with low and moderate income levels. Their mission is to develop and provide subsidized housing, ensuring that elderly individuals have access to suitable living spaces despite their financial circumstances. By doing so, they contribute to the well-being and independence of this population segment.


Official website here: www.colonyretirementhomes.com

Who is the CEO of Colony Retirement Homes Iii Inc?

Michael Mills is the President of Colony Retirement Homes Iii Inc.


Official website here: www.colonyretirementhomes.com

What is the revenue of Colony Retirement Homes Iii Inc?

Colony Retirement Homes Iii Inc's revenue in 2022 was $3,098,419.


Official website here: www.colonyretirementhomes.com

Who are the executives of Colony Retirement Homes Iii Inc and what are their salaries?

Here are 16 key members and their salaries:

    Marianne Delorey (Executive Director)
  • Compensation: $0
  • Related: $117,156
  • Other: $20,589

    • Hua Xu (Controller)
  • Compensation: $0
  • Related: $99,378
  • Other: $13,961

    • Michael Mills (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Wangari (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Campbell (Treasurer (As Of 3/2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Dufault (Treasurer (Until 2/2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jared Otte (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Reverend Margaret Gifford (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Willan (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Klara Carter (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Morello (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Constance Nichols (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dianne Mann (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Ngo (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Woodland (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Puffer (Member (Until 2/2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.colonyretirementhomes.com

    Where can I find the form 990 for Colony Retirement Homes Iii Inc?

    The Colony Retirement Homes Iii Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.colonyretirementhomes.com

    Learn more at the official website: www.colonyretirementhomes.com

    Mission Statement of Colony Retirement Homes Iii Inc

    Colony Retirement Homes III Inc is committed to providing affordable housing solutions for seniors who fall within the low and moderate income brackets. This mission is at the heart of the organization's activities, and it strives to fulfill this goal by developing and offering subsidized housing options. The aim is to provide a living space that is within the financial reach of this demographic, ensuring that they can maintain their independence and dignity in their golden years. By providing such housing, Colony Retirement Homes III Inc contributes to the well-being of the senior community, ensuring that they can age comfortably and with the necessary support.

    Impact

    This information is meant to be a general summary of Colony 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

    Colony Retirement Homes III Inc's impact lies in its dedication to providing affordable housing for seniors of low and moderate income. By developing and providing subsidized housing for low-income elderly individuals in Worcester, MA, this organization plays a crucial role in addressing the housing needs of a vulnerable population. Through its mission of ensuring that seniors have access to safe and affordable housing options, Colony Retirement Homes III Inc positively impacts the lives of those in need within the community.





    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 2022.

  • Investment Income: $3,329
  • Program Service Revenue: $2,626,368
  • Gross Receipts: $3,098,419

    • Assets and Liabilities:
  • Total Assets: $6,287,999
  • Total Liabilities: $9,581,522
  • Net Assets: -$3,293,523
  • Programs

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

    RENT REVENUE

    Revenue

    $2,073,567

    PROGRAM FEES

    Revenue

    $552,801

    Organization Details

    Founding Year

    1977

    Principal Officer

    Michael Mills

    Main Address

    101 CHADWICK ST, WORCESTER, MA, 01605

    NTEE Category

    Code: L22 - Housing

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