Byfield Housing For The Elderly Inc

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

EIN: 042666549 ✦ Byfield, MA ✦ Designated as a 501(c)(3)

Overview

What is Byfield Housing For The Elderly Inc?

Byfield Housing For The Elderly Inc is a nonprofit organization located in Byfield, Massachusetts. They are dedicated to providing housing solutions for elderly individuals and those with disabilities, primarily through a 46-unit apartment complex named Oak Ridge and Quaker Hill. The organization receives financial support from the United States Department of Agriculture (USDA) to facilitate this mission. Byfield Housing For The Elderly Inc's objective is to promote independent living for senior citizens, individuals with disabilities, and other individuals of low and moderate income levels. Their mission is aligned with the USDA's rural rental housing loans, ensuring affordable housing options for these vulnerable populations. The organization operates with a small team of one dedicated employee.


Is Byfield Housing For The Elderly Inc legitimate?

Byfield Housing For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Byfield Housing For The Elderly 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: $39,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,210

For more financial information, click here


What is the mission statement of Byfield Housing For The Elderly Inc?
Who is the CEO of Byfield Housing For The Elderly Inc?
What is the revenue of Byfield Housing For The Elderly Inc?
Who are the executives of Byfield Housing For The Elderly Inc and what are their salaries?
Where can I find the form 990 for Byfield Housing For The Elderly Inc?

Mission Statement of Byfield Housing For The Elderly Inc

Byfield Housing For The Elderly Inc is dedicated to providing housing solutions for the independent living of senior citizens, individuals with disabilities, and other individuals of low and moderate income levels. The organization achieves this mission by being a recipient of rural rental housing loans from the United States Department of Agriculture (USDA). This financial aid enables Byfield Housing For The Elderly Inc to offer housing in a 46-unit apartment complex, catering to the needs of elderly and handicapped residents. The provision of subsidies from the USDA ensures that these essential living accommodations remain affordable and accessible, thereby enhancing the quality of life for those who reside there.

Impact

This information is meant to be a general summary of Byfield Housing For The Elderly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Byfield Housing For The Elderly Inc's impact is significant in providing housing for elderly and handicapped persons in Byfield, MA. With a 46-unit apartment complex at Oak Ridge and Quaker Hill, the organization offers independent living opportunities for senior citizens, handicapped individuals, and others with low to moderate incomes. Through subsidies from the United States Department of Agriculture (USDA), Byfield Housing For The Elderly Inc plays a crucial role in supporting the housing needs of vulnerable populations in 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: $3,105
  • Program Service Revenue: $232,810
  • Gross Receipts: $490,031

    • Assets and Liabilities:
  • Total Assets: $1,572,361
  • Total Liabilities: $3,106,565
  • Net Assets: -$1,534,204
  • Programs

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

    PROGRAM SERVICE REVENUE

    Revenue

    $232,810

    Organization Details

    Founding Year

    1976

    Principal Officer

    Evelyn M Noyes

    Main Address

    PO BOX 341, BYFIELD, MA, 01922

    NTEE Category

    Code: L22 - Housing

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