Nantucket Community Service Inc

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

EIN: 042777769 ✦ Nantucket, MA ✦ Designated as a 501(c)(3)

Overview

What is Nantucket Community Service Inc?

Nantucket Community Service Inc is a nonprofit organization that prioritizes affordable housing for low-income and disabled elderly residents residing on the island of Nantucket. They accomplish this by collaborating with the Farmers Home Administration through a loan and rental subsidy agreement. Their primary mission is to provide a comfortable living space for this specific demographic, ensuring they have access to essential housing needs. By doing so, Nantucket Community Service Inc contributes to the well-being and security of the community's elderly population.


Is Nantucket Community Service Inc legitimate?

Nantucket Community Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nantucket Community Service 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: $155,810

For more financial information, click here


What is the mission statement of Nantucket Community Service Inc?
Who is the CEO of Nantucket Community Service Inc?
What is the revenue of Nantucket Community Service Inc?
Who are the executives of Nantucket Community Service Inc and what are their salaries?
Where can I find the form 990 for Nantucket Community Service Inc?

Mission Statement of Nantucket Community Service Inc

Nantucket Community Service, a renowned organization, is dedicated to the mission of providing low-income and disabled elderly residents with suitable housing. They accomplish this mission through a strategic arrangement with the Farmers Home Administration, offering a loan/rent subsidy. This arrangement allows the organization to operate a housing facility, catering specifically to the needs of the elderly population in Nantucket. The primary goal of Nantucket Community Service is to make affordable housing available to this vulnerable group, ensuring they can age with dignity and comfort.

Impact

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




Wednesday, July 24, 2024

Nantucket Community Service Inc has a significant impact on the community by providing essential housing for low-income and disabled elderly residents of Nantucket. Through a loan/rent subsidy arrangement with the Farmers Home Administration, this organization ensures that vulnerable members of the community have a safe and affordable place to live. By focusing on the specific needs of this demographic, Nantucket Community Service Inc plays a crucial role in addressing the housing challenges faced by low-income elderly individuals on the island.





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: $55
  • Program Service Revenue: $353,239
  • Gross Receipts: $699,554

    • Assets and Liabilities:
  • Total Assets: $1,824,354
  • Total Liabilities: $1,144,061
  • Net Assets: $680,293
  • Programs

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

    RENTAL SUBSIDIES

    Revenue

    $139,052

    RENTAL INCOME - TENANT

    Revenue

    $109,222

    INTEREST SUBSIDIES

    Revenue

    $101,348

    MISCELLANEOUS INCOME

    Revenue

    $3,617

    Organization Details

    Founding Year

    1983

    Principal Officer

    Virginia Bretschneider

    Main Address

    144 ORANGE STREET, NANTUCKET, MA, 02554

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Nantucket Community Service 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.