Colony Retirement Homes Iv Inc

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

EIN: 042668678 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Colony Retirement Homes Iv Inc?

Colony Retirement Homes Iv Inc is a nonprofit organization situated in Worcester, Massachusetts, with an address at 123 Holden Street. Their primary mission is to develop and provide subsidized housing for low-income elderly individuals, demonstrating a strong commitment to this demographic. The organization is dedicated to ensuring that seniors of modest income have access to affordable housing options, thus enhancing their quality of life.


Official website here: www.colonyretirementhomes.com

Is Colony Retirement Homes Iv Inc legitimate?

Colony Retirement Homes Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colony Retirement Homes Iv 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: $206,827

For more financial information, click here


Official website here: www.colonyretirementhomes.com

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

Colony Retirement Homes Iv Inc is committed to providing affordable housing options for seniors with low and moderate incomes. Their mission is evident in their dedication to developing and providing subsidized housing, ensuring that elderly individuals have access to suitable living arrangements. This organization's primary goal is to make housing more affordable for this specific demographic, thereby enhancing their quality of life.


Official website here: www.colonyretirementhomes.com

Who is the CEO of Colony Retirement Homes Iv Inc?

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


Official website here: www.colonyretirementhomes.com

What is the revenue of Colony Retirement Homes Iv Inc?

Colony Retirement Homes Iv Inc's revenue in 2022 was $1,572,074.


Official website here: www.colonyretirementhomes.com

Who are the executives of Colony Retirement Homes Iv 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 Iv Inc?

    The Colony Retirement Homes Iv 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 Iv Inc

    Colony Retirement Homes Iv Inc is committed to providing affordable housing for seniors who fall under the categories of low and moderate income. This nonprofit organization's mission is to develop and offer subsidized housing options, ensuring that elderly individuals have access to suitable living arrangements within their financial means. By doing so, Colony Retirement Homes Iv Inc aims to contribute to the well-being and comfort of this vulnerable population, enabling them to maintain a dignified and secure living environment.

    Impact

    This information is meant to be a general summary of Colony Retirement Homes Iv 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 IV Inc's impact can be seen in the crucial support it provides to low and moderate-income seniors in Worcester, MA. By developing and offering subsidized housing for the elderly, this organization plays a vital role in ensuring that this vulnerable population has access to safe and affordable living arrangements. Colony Retirement Homes IV Inc's efforts directly contribute to enhancing the quality of life for seniors in need, allowing them to live with dignity and security despite their financial limitations. Their dedication to providing housing support aligns with their mission of making a positive difference in the lives of seniors facing economic challenges.





    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: $480
  • Program Service Revenue: $1,293,451
  • Gross Receipts: $1,572,074

    • Assets and Liabilities:
  • Total Assets: $3,481,218
  • Total Liabilities: $4,173,991
  • Net Assets: -$692,773
  • Programs

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

    RENT REVENUE

    Revenue

    $1,293,451

    Organization Details

    Founding Year

    1979

    Principal Officer

    Michael Mills

    Main Address

    123 HOLDEN STREET, WORCESTER, MA, 01606

    NTEE Category

    Code: L22 - Housing

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