Parsippany-Troy Hills Senior Citizen Housing Corp

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

EIN: 222295830 ✦ Parsippany, NJ ✦ Designated as a 501(c)(3)

Overview

What is Parsippany-Troy Hills Senior Citizen Housing Corp?

Parsippany-Troy Hills Senior Citizen Housing Corp is a nonprofit organization situated in Parsippany, New Jersey. Its primary mission is to aid low and moderate-income elderly and disabled individuals in addressing their housing needs. To accomplish this, the organization operates and maintains an affordable housing community with 191 units, complying with Section 8 of the U.S. Housing Act of 1937. The corporation's activities are centered around managing and maintaining this living space for its inhabitants. With a team of 11 employees, Parsippany-Troy Hills Senior Citizen Housing Corp strives to provide suitable housing for its targeted population, ensuring their well-being and comfort.


Is Parsippany-Troy Hills Senior Citizen Housing Corp legitimate?

Parsippany-Troy Hills Senior Citizen Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parsippany-Troy Hills Senior Citizen Housing Corp 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: $418,238

For more financial information, click here


What is the mission statement of Parsippany-Troy Hills Senior Citizen Housing Corp?
Who is the CEO of Parsippany-Troy Hills Senior Citizen Housing Corp?
What is the revenue of Parsippany-Troy Hills Senior Citizen Housing Corp?
Who are the executives of Parsippany-Troy Hills Senior Citizen Housing Corp and what are their salaries?
Where can I find the form 990 for Parsippany-Troy Hills Senior Citizen Housing Corp?

Mission Statement of Parsippany-Troy Hills Senior Citizen Housing Corp

Parsippany-Troy Hills Senior Citizen Housing Corp is dedicated to aiding low-income elderly and disabled individuals in fulfilling their housing needs. The organization's primary objective is to provide an affordable housing community, consisting of 191 units, specifically designed for elderly and handicapped individuals. This is carried out in accordance with Section 8 of the U.S. Housing Act of 1937, as amended. In essence, Parsippany-Troy Hills Senior Citizen Housing Corp serves as a shelter and support system for those who may struggle with housing due to their age or disability, ensuring they can live in a secure and affordable environment.

Impact

This information is meant to be a general summary of Parsippany-Troy Hills Senior Citizen Housing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Parsippany-Troy Hills Senior Citizen Housing Corp provides essential support to low and moderate-income elderly and disabled individuals by offering affordable housing options. With a community consisting of 191 units tailored to meet the specific needs of this demographic, the organization plays a crucial role in ensuring that vulnerable populations have access to safe and comfortable living spaces. By operating in accordance with Section 8 of the U.S. Housing Act of 1937, Parsippany-Troy Hills Senior Citizen Housing Corp helps address the pressing issue of housing insecurity among the elderly and disabled. Through its dedicated efforts, the organization has a direct and tangible impact on improving the quality of life for this underserved group within 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: $217,781
  • Program Service Revenue: $579,778
  • Gross Receipts: $3,469,902

    • Assets and Liabilities:
  • Total Assets: $19,750,510
  • Total Liabilities: $210,447
  • Net Assets: $19,540,063
  • Programs

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

    LAUNDRY AND OTHER INCOME

    Revenue

    $5,280

    OTHER FEES

    Revenue

    $55

    RENTAL REVENUE

    Revenue

    $574,443

    Organization Details

    Founding Year

    1979

    Principal Officer

    Bruce Benson

    Main Address

    C/O ALAN J RICH 8 WOODHOLLOW ROAD, PARSIPPANY, NJ, 07054

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Parsippany-Troy Hills Senior Citizen Housing Corp 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.