Peter Faneuil Development Group Inc

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

EIN: 043144786 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Peter Faneuil Development Group Inc?

Peter Faneuil Development Group Inc is a nonprofit organization situated in Boston, Massachusetts, specifically at ONE Florence Street. Their primary mission is to develop and manage affordable housing for low-income individuals and families. This includes operating Peter Faneuil House, which is a 48-unit property located in the former Faneuil School on Beacon Hill. The nonprofit provides housing and related services to qualified tenants, contributing to the community by offering them a secure living space.


Is Peter Faneuil Development Group Inc legitimate?

Peter Faneuil Development Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peter Faneuil Development Group 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: $0

For more financial information, click here


What is the mission statement of Peter Faneuil Development Group Inc?
Who is the CEO of Peter Faneuil Development Group Inc?
What is the revenue of Peter Faneuil Development Group Inc?
Who are the executives of Peter Faneuil Development Group Inc and what are their salaries?
Where can I find the form 990 for Peter Faneuil Development Group Inc?

Mission Statement of Peter Faneuil Development Group Inc

Peter Faneuil Development Group Inc is committed to developing and operating housing for individuals and families with low income. This nonprofit organization strives to provide a living space for these individuals, ensuring they have access to essential housing services. One of their notable projects is Peter Faneuil House, a 48-unit affordable housing property located in Boston, Massachusetts. This property offers housing and related services to qualified low-income tenants and their families. By focusing on housing for low-income individuals and families, Peter Faneuil Development Group Inc aims to contribute to their well-being and provide them with a secure living environment.

Impact

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




Wednesday, July 24, 2024

Peter Faneuil Development Group Inc, through its initiative Peter Faneuil House, has a significant impact on providing affordable housing for low-income individuals and families in Boston, Massachusetts. By developing and operating this 48-unit affordable housing property, the organization directly addresses the pressing need for affordable housing in the community. The provision of housing and related services for qualified low-income tenants and their families not only helps address homelessness and housing insecurity but also contributes to creating a more stable and inclusive community for those in need. Through its mission to develop and operate housing for low-income individuals and families, Peter Faneuil Development Group Inc is making a tangible difference in the lives of those facing housing challenges in Boston.





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: $10,386
  • Program Service Revenue: $596,326
  • Gross Receipts: $614,484

    • Assets and Liabilities:
  • Total Assets: $3,559,743
  • Total Liabilities: $2,217,737
  • Net Assets: $1,342,006
  • Programs

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

    RENTAL PAYMENTS

    Revenue

    $589,246

    LAUNDRY INCOME

    Revenue

    $7,080

    Organization Details

    Founding Year

    1991

    Principal Officer

    Meredith Clapp

    Main Address

    ONE FLORENCE STREET, BOSTON, MA, 02131

    NTEE Category

    Code: L21 - Housing

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