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Olmsted Gardens Inc

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

EIN: 050508869 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Olmsted Gardens Inc?

Olmsted Gardens Inc is a nonprofit organization based in Boston, Massachusetts, specifically at 185 Dartmouth Street, with a focus on addressing housing needs. Their primary mission is to construct, own, and operate 52 units of affordable housing for individuals of low income in Providence, Rhode Island. This initiative aims to provide much-needed shelter and housing solutions for those in need, contributing to the broader community and addressing a pressing social concern.


Is Olmsted Gardens Inc legitimate?

Olmsted Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olmsted Gardens 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: $141,008

For more financial information, click here


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

Mission Statement of Olmsted Gardens Inc

Olmsted Gardens Inc is committed to making a significant impact in the housing sector. Their primary mission is to construct, own, and operate 52 units of affordable housing for individuals with low income. This nonprofit organization is dedicated to providing a living space that is both affordable and accessible for those who may otherwise struggle to secure suitable accommodation. By taking on this endeavor, Olmsted Gardens Inc is contributing to the broader goal of ensuring equitable housing opportunities for all, thereby fostering a more inclusive and supportive community.

Impact

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




Wednesday, July 24, 2024

Olmsted Gardens Inc's impact is significant in providing affordable housing for low-income individuals in Providence, RI. By constructing, owning, and operating 52 units of affordable housing, they are addressing a critical need in the community. This initiative helps improve the quality of life for individuals and families who may struggle to find suitable and affordable housing options. Olmsted Gardens Inc's work contributes to creating a more inclusive and supportive environment for those in need of assistance, ultimately making a positive difference in the lives of many.





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 2023.

  • Investment Income: $1,317
  • Program Service Revenue: $699,509
  • Gross Receipts: $700,826

    • Assets and Liabilities:
  • Total Assets: $3,163,151
  • Total Liabilities: $129,818
  • Net Assets: $3,033,333
  • Programs

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

    SECTION 8 SUBSIDY

    Revenue

    $474,619

    RENTAL INCOME

    Revenue

    $220,952

    LAUNDRY AND VENDING

    Revenue

    $3,938

    Organization Details

    Founding Year

    1999

    Principal Officer

    D Morgan Wilson

    Main Address

    185 DARTMOUTH STREET, BOSTON, MA, 02116

    NTEE Category

    Code: P75 - Human services

    If you are a representative of Olmsted Gardens 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.