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Milton Residences For The Elderly Inc

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

EIN: 046207699 ✦ Milton, MA ✦ Designated as a 501(c)(3)

Overview

What is Milton Residences For The Elderly Inc?

Milton Residences for the Elderly Inc. is a nonprofit organization located at 600 Canton Avenue, Milton, Massachusetts 02186. Their primary mission is to cater to the needs of senior citizens, extending beyond the Milton community. They achieve this by providing affordable housing and essential services, ensuring sensitivity and care to preserve the seniors' dignity and well-being. To fulfill its objectives, the organization manages two properties with 300 units. With a workforce of 31 employees, Milton Residences for the Elderly Inc. strives to make a meaningful impact in the lives of the elderly, fostering a sense of community and security.


Official website here: www.mreinc.org

Is Milton Residences For The Elderly Inc legitimate?

Milton Residences For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milton Residences For The Elderly 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: $233,246
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,108,345

For more financial information, click here


Official website here: www.mreinc.org

What is the mission statement of Milton Residences For The Elderly Inc?

The mission of Milton Residences For The Elderly Inc is centered around addressing the needs of seniors, not just in their local area, but beyond as well. They strive to achieve this by providing affordable housing and necessary services, ensuring the well-being and preservation of the seniors' dignity. This is carried out with sensitivity and care, reflecting their commitment to the senior population. The organization manages two properties, housing a total of 300 units, to cater to the elderly community.


Official website here: www.mreinc.org

Who is the CEO of Milton Residences For The Elderly Inc?

W Paul Needham is the President of Milton Residences For The Elderly Inc.


Official website here: www.mreinc.org

What is the revenue of Milton Residences For The Elderly Inc?

Milton Residences For The Elderly Inc's revenue in 2022 was $1,807,946.


Official website here: www.mreinc.org

Who are the executives of Milton Residences For The Elderly Inc and what are their salaries?

The average compensation at Milton Residences For The Elderly Inc during 2022 was $43,277. There are 31 employees at Milton Residences For The Elderly Inc.

Here are 11 key members and their salaries:

    Sarah Mclaren (Executive Director)
  • Compensation: $225,000
  • Related: $0
  • Other: $24,951

    • W Paul Needham (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Brady (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maritta M Cronin (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Branch Lane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Geary (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Savage (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ewald Charles (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Looney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mreinc.org

    Where can I find the form 990 for Milton Residences For The Elderly Inc?

    The Milton Residences For The Elderly Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mreinc.org

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

    Mission Statement of Milton Residences For The Elderly Inc

    Milton Residences for the Elderly Inc, a nonprofit organization, is dedicated to addressing the needs of seniors beyond its locality. With sensitivity and care, its mission is to ensure the well-being and preserve the dignity of the elderly population. The organization achieves this by providing affordable housing and necessary services. Milton Residences for the Elderly Inc takes responsibility for managing and staffing two properties, comprising 300 units, to cater to the elderly community's needs. By doing so, the organization plays a crucial role in enhancing the quality of life for seniors, ensuring they can age with dignity and live in a supportive environment.

    Impact

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




    Saturday, July 20, 2024

    Milton Residences For The Elderly Inc's impact is substantial in addressing the needs of seniors in Milton and beyond by providing essential housing and services. With a mission to ensure the well-being and preserve the dignity of seniors, this organization manages and staffs two properties comprising 300 units, offering affordable housing options for the elderly population. Through their dedication to providing sensitive and caring support, Milton Residences For The Elderly Inc plays a vital role in enhancing the quality of life for seniors in the community.





    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: $165,637
  • Program Service Revenue: $1,642,309
  • Gross Receipts: $2,042,476

    • Assets and Liabilities:
  • Total Assets: $16,749,751
  • Total Liabilities: $14,220,753
  • Net Assets: $2,528,998
  • Programs

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

    MAINTENANCE & SECURITY

    Revenue

    $827,924

    ASSISTED LIVING & MANA

    Revenue

    $370,719

    MANAGEMENT FEES

    Revenue

    $356,162

    SUPPORT SERVICE FEES

    Revenue

    $86,964

    TRANSPORT & MISC

    Revenue

    $540

    Organization Details

    Founding Year

    1968

    Principal Officer

    W Paul Needham

    Main Address

    600 CANTON AVENUE, MILTON, MA, 02186

    NTEE Category

    Code: P75Z - Human services

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