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Welles Country Village Ltd

Welles Country Village

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

EIN: 060961734 ✦ Vernon rockville, CT ✦ Designated as a 501(c)(3)

Overview

What is Welles Country Village Ltd?

Welles Country Village Ltd is a dedicated nonprofit organization that provides low-income housing opportunities for the elderly. Located with 100 units, the organization ensures that its tenants pay no more than 30% of their income towards rent. It carries out its mission under the National Housing Act, specifically section 202, demonstrating a commitment to supporting the elderly community with affordable housing solutions.


Is Welles Country Village Ltd legitimate?

Welles Country Village Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Welles Country Village Ltd 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: $364,290

For more financial information, click here


What is the mission statement of Welles Country Village Ltd?
Who is the CEO of Welles Country Village Ltd?
What is the revenue of Welles Country Village Ltd?
Who are the executives of Welles Country Village Ltd and what are their salaries?
Where can I find the form 990 for Welles Country Village Ltd?

Mission Statement of Welles Country Village Ltd

Welles Country Village Ltd is a nonprofit organization committed to providing affordable housing solutions for the elderly. Their mission is to offer 100 units of low-income housing to individuals who pay no more than 30% of their income towards rent. This mission is achieved through their operation under Section 202 of the National Housing Act. By doing so, Welles Country Village Ltd contributes to the well-being of elderly individuals by providing them with a secure and affordable living environment.

Impact

This information is meant to be a general summary of Welles Country Village Ltd. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Welles Country Village Ltd's impact is significant in providing affordable housing options for low-income elderly individuals in VERNON ROCKVILLE, CT. With 100 units available, tenants are able to pay no more than 30% of their income towards rent, allowing them to maintain financial stability while accessing safe and comfortable living arrangements. By operating under section 202 of the National Housing Act, Welles Country Village Ltd effectively fulfills its mission of supporting the elderly population in need of affordable housing, thereby contributing to the well-being and quality of life of its residents.





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: $719
  • Program Service Revenue: $668,679
  • Gross Receipts: $2,608,469

    • Assets and Liabilities:
  • Total Assets: $4,991,648
  • Total Liabilities: $2,273,221
  • Net Assets: $2,718,427
  • Programs

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

    Tenant Rental Charges

    Revenue

    $402,487

    Tenant Charges

    Revenue

    $21,422

    Assisted Living

    Revenue

    $244,770

    Organization Details

    Founding Year

    1979

    Principal Officer

    Lorraine Hurd

    Main Address

    46 Welles Rd, Vernon Rockville, CT, 06066

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Welles Country Village Ltd 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.