Augustana Homes Inc

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

EIN: 066085508 ✦ Bridgeport, CT ✦ Designated as a 501(c)(3)

Overview

What is Augustana Homes Inc?

Augustana Homes Inc, situated in Bridgeport, Connecticut, is a nonprofit organization dedicated to providing affordable housing options for the low-income elderly. Their mission encompasses offering both independent and assisted living, which includes congregate services, to cater to the needs of this demographic. The organization operates under the subsidy of the Connecticut Department of Housing, ensuring that their apartments remain affordable and accessible to those who require it most.


Is Augustana Homes Inc legitimate?

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

Mission Statement of Augustana Homes Inc

Augustana Homes Inc is committed to providing affordable housing solutions for the low income elderly, offering both independent and assisted living options with congregate services. Their mission, simply stated, is to ensure that elderly individuals with limited financial means have access to comfortable and secure living environments. The organization focuses on subsidized housing, ensuring that these affordable apartments are made available through partnerships with organizations like the Connecticut Department of Housing. By providing this essential service, Augustana Homes Inc contributes to the well-being and independence of the elderly community, enabling them to maintain a dignified and comfortable lifestyle.

Impact

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




Saturday, July 20, 2024

Augustana Homes Inc's impact is significant in providing affordable housing options, specifically tailored for the low-income elderly population. Through its 44 affordable assisted living apartment units in Bridgeport, CT, the organization enables seniors with limited financial resources to access quality housing and care services. By focusing on assisting this vulnerable demographic, Augustana Homes Inc plays a crucial role in supporting the well-being and dignity of low-income elderly individuals 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: $0
  • Program Service Revenue: $420,591
  • Gross Receipts: $812,211

    • Assets and Liabilities:
  • Total Assets: $590,353
  • Total Liabilities: $72,493
  • Net Assets: $517,860
  • Programs

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

    RENT FROM TENANTS

    Revenue

    $191,341

    TENANT SERVICES

    Revenue

    $217,133

    SUNDRY INCOME

    Revenue

    $12,117

    Organization Details

    Founding Year

    1964

    Principal Officer

    Michael Hanlon

    Main Address

    238 Jewett Avenue, Bridgeport, CT, 06606

    NTEE Category

    Code: L22 - Housing

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