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Eldercare Initiatives Inc

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

EIN: 201920032 ✦ South hadley, MA ✦ Designated as a 501(c)(3)

Overview

What is Eldercare Initiatives Inc?

Eldercare Initiatives Inc, located in South Hadley, Massachusetts, is a nonprofit organization dedicated to serving the low-income elderly community. They manage 45 housing units, providing a residential community for this demographic. Financed by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the Housing Act of 1959, their mission is to offer a supportive living environment that caters to the needs of the elderly. This nonprofit organization contributes significantly to the well-being and housing security of the elderly population in its vicinity.


Is Eldercare Initiatives Inc legitimate?

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

Mission Statement of Eldercare Initiatives Inc

Eldercare Initiatives Inc, a nonprofit organization, is dedicated to operating a community residential program. Financed by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the Housing Act of 1959, their mission is to provide housing units for low-income elderly tenants. This mission is carried out on a nonprofit basis, ensuring that elderly individuals who require assistance can reside in a safe and supportive environment. The organization operates 45 such housing units, providing a living space for elderly individuals who may be in need of additional support.

Impact

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




Wednesday, July 24, 2024

Eldercare Initiatives Inc's impact is focused on providing a vital community residential program for low-income elderly individuals. By operating 45 housing units on an Eldercare Initiatives Inc basis in South Hadley, Massachusetts, this organization plays a crucial role in offering affordable housing options for the elderly population. Through its mission to operate a community residential program financed by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the Housing Act of 1959, Eldercare Initiatives Inc contributes to enhancing the quality of life and well-being of low-income elderly tenants in the region.





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: $1,269
  • Program Service Revenue: $512,271
  • Gross Receipts: $513,540

    • Assets and Liabilities:
  • Total Assets: $5,260,713
  • Total Liabilities: $6,964,774
  • Net Assets: -$1,704,061
  • Programs

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

    RENTAL INCOME

    Revenue

    $505,486

    LAUNDRY INCOME

    Revenue

    $5,839

    MISCELLANEOUS

    Revenue

    $946

    Organization Details

    Founding Year

    2005

    Principal Officer

    Bernice L Bowler

    Main Address

    93 CANAL STREET, SOUTH HADLEY, MA, 01075

    NTEE Category

    Code: L22 - Housing

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