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Ccba Tai Tung Management Inc

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

EIN: 043243383 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Ccba Tai Tung Management Inc?

Ccba Tai Tung Management Inc is a nonprofit organization situated in Boston, Massachusetts, specifically at 232 Harrison Ave, dedicated to ensuring long-term affordable housing within Boston's Chinatown community. The organization manages a 214-unit housing complex primarily for low and moderate-income individuals, adhering to HUD regulations regarding rental charges and operating methods. Their mission is centered around providing affordable housing within the Asian community of Boston, aiming to maintain an inclusive and affordable living environment for its residents.


Is Ccba Tai Tung Management Inc legitimate?

Ccba Tai Tung Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ccba Tai Tung Management 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 Ccba Tai Tung Management Inc?
Who is the CEO of Ccba Tai Tung Management Inc?
What is the revenue of Ccba Tai Tung Management Inc?
Who are the executives of Ccba Tai Tung Management Inc and what are their salaries?
Where can I find the form 990 for Ccba Tai Tung Management Inc?

Mission Statement of Ccba Tai Tung Management Inc

Ccba Tai Tung Management Inc, a nonprofit organization, is dedicated to serving the Asian community in Boston by providing them with affordable housing options. Their primary mission is to ensure the availability of long-term, affordable housing within the Chinatown community. To accomplish this, the organization owns and manages a 214-unit housing complex, which is specifically designed for individuals with low to moderate incomes. This complex is regulated by HUD, ensuring that rental charges and operating methods adhere to established guidelines. By providing affordable housing, Ccba Tai Tung Management Inc is contributing to the well-being and stability of the Asian community in Boston, thereby enhancing the overall quality of life for its residents.

Impact

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




Saturday, July 20, 2024

CCBA Tai Tung Management Inc's impact lies in providing long-term affordable housing in Boston's Chinatown community. By owning and operating a 214-unit housing complex for low and moderate-income individuals, the organization ensures that residents have access to housing that is regulated by HUD in terms of rental charges and operating methods. This commitment serves to address the housing needs of the Asian community in Boston, contributing to a more stable and supportive living environment for those in need of affordable housing solutions.





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 2021.

  • Investment Income: $48,972
  • Program Service Revenue: $8,531,136
  • Gross Receipts: $8,662,376

    • Assets and Liabilities:
  • Total Assets: $39,986,974
  • Total Liabilities: $383,743
  • Net Assets: $39,603,231
  • Programs

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

    RENTS - HUD SUBSIDY

    Revenue

    $6,044,512

    RENTS - TENANTS

    Revenue

    $1,801,640

    COMMERCIAL RENT

    Revenue

    $572,955

    PARKING REVENUE

    Revenue

    $85,276

    LAUNDRY AND VENDING

    Revenue

    $26,753

    Organization Details

    Founding Year

    1994

    Principal Officer

    Felix Lui

    Main Address

    232 HARRISON AVE, BOSTON, MA, 02111

    NTEE Category

    Code: L805 - Housing

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