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Saugatucket Springs Inc

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

EIN: 043733576 ✦ Providence, RI ✦ Designated as a 501(c)(3)

Overview

What is Saugatucket Springs Inc?

Saugatucket Springs Inc is a nonprofit organization based in Providence, Rhode Island, specifically at 861A Broad Street, 02907. Their primary mission is to provide affordable housing to the elderly and disabled within the Hopkinton, Rhode Island area, in compliance with Section 202 of the National Affordable Housing Act. To achieve this, they own and manage a 53-unit apartment complex, offering a supportive and affordable living environment for the targeted population.


Official website here: www.wdchoc.org

Is Saugatucket Springs Inc legitimate?

Saugatucket Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saugatucket Springs 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: $129,101

For more financial information, click here


Official website here: www.wdchoc.org

What is the mission statement of Saugatucket Springs Inc?

Saugatucket Springs Inc, as a non-profit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities, in line with Section 202 of the National Affordable Housing Act. Their mission is to ensure low-income housing is readily available in the relevant community, aiming to improve the quality of life for these vulnerable groups. The organization operates and manages a 53-unit apartment complex to fulfill this mission, providing a safe and suitable living environment.


Official website here: www.wdchoc.org

Who is the CEO of Saugatucket Springs Inc?

Frank Shea is the Chair of Saugatucket Springs Inc.


Official website here: www.wdchoc.org

What is the revenue of Saugatucket Springs Inc?

Saugatucket Springs Inc's revenue in 2021 was $457,043.


Official website here: www.wdchoc.org

Who are the executives of Saugatucket Springs Inc and what are their salaries?

Here are 8 key members and their salaries:

    Julia Bush (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Sabbagh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Colt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Valerie Talmage (Treas And Sec) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Zurek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Noel Sanchez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Kellam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Comer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wdchoc.org

    Where can I find the form 990 for Saugatucket Springs Inc?

    The Saugatucket Springs Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.wdchoc.org

    Learn more at the official website: www.wdchoc.org

    Mission Statement of Saugatucket Springs Inc

    Saugatucket Springs Inc, a nonprofit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities. Operating under Section 202 of the National Affordable Housing Act, this organization's mission is to ensure that low-income elderly and disabled individuals in their community have access to suitable housing. Saugatucket Springs Inc goes beyond just providing housing, as they own and manage a 53-unit apartment complex, ensuring a comfortable living environment for those in need. The organization's mission is a crucial step towards promoting a sense of independence and dignity for its residents, enabling them to live fulfilling lives.

    Impact

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




    Wednesday, July 24, 2024

    Saugatucket Springs Inc's impact lies in providing essential affordable housing services to senior citizens and the disabled in Hopkinton, Rhode Island. Through owning and operating a 53-unit apartment complex, the organization plays a crucial role in supporting vulnerable populations in accessing safe and affordable living arrangements. By fulfilling its mission under Section 202 of the National Affordable Housing Act, Saugatucket Springs Inc contributes significantly to the well-being and quality of life of elderly and disabled individuals in the Hopkinton area.





    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: $241
  • Program Service Revenue: $238,393
  • Gross Receipts: $457,043

    • Assets and Liabilities:
  • Total Assets: $5,034,094
  • Total Liabilities: $7,102,355
  • Net Assets: -$2,068,261
  • Programs

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

    TENANT RENT

    Revenue

    $234,049

    LAUNDRY REVENUE

    Revenue

    $4,271

    TENANT CHARGES

    Revenue

    $73

    Organization Details

    Founding Year

    2002

    Principal Officer

    Frank Shea

    Main Address

    861A BROAD STREET, PROVIDENCE, RI, 02907

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Saugatucket Springs 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.