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Martin De Porres Village Inc

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

EIN: 222335549 ✦ Paterson, NJ ✦ Designated as a 501(c)(3)

Overview

What is Martin De Porres Village Inc?

Martin De Porres Village Inc is a nonprofit organization situated in Paterson, New Jersey. Their primary mission is to provide affordable housing for 143 families within the city. By operating a low-income housing project, they aim to address the housing needs of this community, covering all expenses related to the project within their operational costs. This initiative contributes to the overall well-being of the families residing in the area by providing them with a secure and affordable home.


Is Martin De Porres Village Inc legitimate?

Martin De Porres Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin De Porres Village 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: $343,691

For more financial information, click here


What is the mission statement of Martin De Porres Village Inc?
Who is the CEO of Martin De Porres Village Inc?
What is the revenue of Martin De Porres Village Inc?
Who are the executives of Martin De Porres Village Inc and what are their salaries?
Where can I find the form 990 for Martin De Porres Village Inc?

Mission Statement of Martin De Porres Village Inc

Martin De Porres Village Inc is committed to operating a low-income housing project, providing affordable living spaces for 143 families. Their mission revolves around managing this project effectively, ensuring that it serves as a reliable housing solution for those in need. They meticulously cover all associated expenses, incorporating them into their annual rental expenses, as indicated in their financial reports. In essence, Martin De Porres Village Inc plays a crucial role in making housing affordable, thereby contributing to the well-being of numerous families.

Impact

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




Thursday, August 15, 2024

Martin De Porres Village Inc's impact is significant in providing affordable housing for 143 families in Paterson, New Jersey. By operating a low-income housing project, they are ensuring that these families have a safe and stable place to call home. This not only addresses the critical need for affordable housing in the community but also contributes to the overall well-being and financial stability of these families. Their commitment to offering affordable housing options is vital in supporting the residents of Paterson and creating a more equitable living environment for all.





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: $40,095
  • Program Service Revenue: $2,950,495
  • Gross Receipts: $3,002,261

    • Assets and Liabilities:
  • Total Assets: $8,615,178
  • Total Liabilities: $158,977
  • Net Assets: $8,456,201
  • Programs

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

    RENT - LOW INCOME HOUS

    Revenue

    $2,950,495

    Organization Details

    Founding Year

    1980

    Principal Officer

    Msgr Herbert K Tillyer

    Main Address

    1 GREEN STREET, PATERSON, NJ, 07051

    NTEE Category

    Code: L20 - Housing

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