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The Riese St Mary's Corporation

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

EIN: 222299252 ✦ Passaic, NJ ✦ Designated as a 501(c)(3)

Overview

What is The Riese St Mary's Corporation?

The Riese St. Mary's Corporation is a nonprofit organization situated in Passaic, New Jersey, with a specific mission to provide affordable housing for low-income senior citizens and individuals with disabilities. Established at 200 Pennington Avenue, this organization has contributed significantly to the community by offering 39 one-bedroom and 56 two-bedroom apartments. The project, located in Passaic, NJ, operates under Section 202 of the National Housing Act, ensuring its regulations and rental charges are overseen by the US Department of Housing and Urban Development (HUD). The Riese St. Mary's Corporation strives to improve the living conditions of its residents, providing them with a secure and comfortable environment. With a team of five dedicated individuals, the organization's commitment to enhancing the lives of its residents is evident.


Is The Riese St Mary's Corporation legitimate?

The Riese St Mary's Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Riese St Mary's Corporation 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: $95,338

For more financial information, click here


What is the mission statement of The Riese St Mary's Corporation?
Who is the CEO of The Riese St Mary's Corporation?
What is the revenue of The Riese St Mary's Corporation?
Who are the executives of The Riese St Mary's Corporation and what are their salaries?
Where can I find the form 990 for The Riese St Mary's Corporation?

Mission Statement of The Riese St Mary's Corporation

The Riese St. Mary's Corporation is dedicated to providing affordable housing for low-income senior citizens and individuals with disabilities. This nonprofit organization operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods. The corporation offers a variety of apartment units, including 39 one-bedroom and 56 two-bedroom units, catering to the needs of its elderly and handicapped residents. The mission of The Riese St. Mary's Corporation is to create a safe and supportive living environment where these individuals can thrive and maintain their independence.

Impact

This information is meant to be a general summary of The Riese St Mary's Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Riese St Mary's Corporation provides a vital service by offering affordable housing options for low-income senior citizens and handicapped individuals in Passaic, New Jersey. With a project encompassing 95 units specifically designed for the elderly, this organization plays a crucial role in addressing the housing needs of vulnerable populations in the community. By operating under Section 202 of the National Housing Act and HUD regulations, The Riese St Mary's Corporation ensures that rental charges and operating methods are in line with government standards, fostering a secure and stable living environment for those in need. Through the provision of 39 one-bedroom and 56 two-bedroom apartments, this nonprofit significantly impacts the lives of individuals who may struggle to find suitable housing options on their own.





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: $4,363
  • Program Service Revenue: $1,533,346
  • Gross Receipts: $1,541,112

    • Assets and Liabilities:
  • Total Assets: $3,770,449
  • Total Liabilities: $850,254
  • Net Assets: $2,920,195
  • Programs

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

    RENTAL INCOME - SENIOR

    Revenue

    $1,533,346

    Organization Details

    Founding Year

    1979

    Principal Officer

    Msgr Herbert K Tillyer

    Main Address

    200 PENNINGTON AVENUE, PASSAIC, NJ, 07055

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of The Riese St Mary's Corporation 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.