Overview
What is Riese Madison Park Inc?
Riese Madison Park Inc is a nonprofit organization situated in Paterson, New Jersey, with a specific focus on providing affordable housing for low-income senior citizens. They manage and operate a 92-unit apartment building under Section 202 of the National Housing Act, regulated by both the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and the US Department of Housing and Urban Development (HUD). The organization's mission is to cater to the housing needs of the elderly, offering 92 rental units in total. With a modest workforce of 5 employees, Riese Madison Park Inc plays a crucial role in supporting the senior community in Paterson.
Is Riese Madison Park Inc legitimate?
Riese Madison Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riese Madison Park 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: $149,225
For more financial information, click here
What is the mission statement of Riese Madison Park Inc?
Riese Madison Park Inc is committed to providing low-income housing for senior citizens. Operating under Section 202 of the National Housing Act, the corporation manages a 92-unit apartment building, regulated by both the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and the US Department of Housing and Urban Development (HUD). The mission of Riese Madison Park Inc is to offer a living space for elderly individuals who may have limited financial resources, ensuring they have access to suitable housing. The organization's activities are focused on providing these 92 units, ensuring they are maintained and managed according to the regulations set by the regulating bodies.
Who is the CEO of Riese Madison Park Inc?
Monsignor Herbert K Till is the Principal Officer of Riese Madison Park Inc.
What is the revenue of Riese Madison Park Inc?
Riese Madison Park Inc's revenue in 2022 was $1,359,707.
Who are the executives of Riese Madison Park Inc and what are their salaries?
The average compensation at Riese Madison Park Inc during 2022 was $29,845. There are 5 employees and 10 volunteers at Riese Madison Park Inc.
Here are 10 key members and their salaries:
- Rev Msgr Herbert K Tillyer (President) [Trustee/Director]
- Deacon Joseph A Puskas (Treasurer) [Trustee/Director]
- Joseph Duffy (Secretary) [Trustee/Director]
- Andrew F Mcbride (Andrew F. Mcbride, Iii Esq) [Trustee/Director]
- Deacon Peter Cistaro (Vice President) [Trustee/Director]
- Richard F Ward Jr (Director)
- Thomas Burns (Director)
- Dennis P Butler (Director)
- Lynn E Gaffney (Director)
- Deacon Robert Ayers (Director)
Where can I find the form 990 for Riese Madison Park Inc?
The Riese Madison Park Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Riese Madison Park Inc
Riese Madison Park Inc, a nonprofit organization, is committed to providing affordable housing for senior citizens with low incomes. The corporation manages a 92-unit apartment building, operated under Section 202 of the National Housing Act. Regulated by both the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and the US Department of Housing and Urban Development (HUD), the rental charges and operating methods of the project are strictly adhered to. The primary mission of Riese Madison Park Inc is to offer a comfortable living space for elderly individuals who may be financially constrained, providing them with 92 well-maintained rental units.
Impact
This information is meant to be a general summary of Riese Madison Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Riese Madison Park Inc's impact lies in providing essential low-income housing for senior citizens in Paterson, New Jersey. Through the ownership and management of a 92-unit apartment building, this organization ensures that elderly individuals have a safe and affordable place to call home. By operating under Section 202 of the National Housing Act and being regulated by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and the US Department of Housing and Urban Development (HUD), Riese Madison Park is able to offer a vital service to a vulnerable population. Their mission to provide low-income senior citizen housing demonstrates a commitment to addressing the housing needs of the elderly in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$1,357,555
Organization Details
Founding Year
1975
Phone
(973) 684-3469
Principal Officer
Monsignor Herbert K Till
Main Address
70 DEY STREET, PATERSON, NJ, 07503
NTEE Category
Code: L22 - Housing
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