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Townsend Elderly Residences Inc

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

EIN: 222619885 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Townsend Elderly Residences Inc?

Townsend Elderly Residences Inc is a nonprofit organization situated in Worcester, Massachusetts, specifically at 191 May Street. Their primary mission is to provide affordable residential housing for elderly individuals, with a focus on a 50-unit complex located in Townsend, Massachusetts. This organization strives to ensure that elderly residents in the area have access to suitable living accommodations, contributing to their overall well-being and quality of life.


Is Townsend Elderly Residences Inc legitimate?

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

Mission Statement of Townsend Elderly Residences Inc

Townsend Elderly Residences Inc, a nonprofit organization, is committed to providing affordable residential housing for the elderly population. Their mission is to acquire, construct, rehabilitate, and operate housing units specifically designed for elderly individuals, ensuring they have a secure and comfortable living space. This organization's primary goal is to make residential housing accessible and affordable for the elderly, thereby enhancing their quality of life and enabling them to age gracefully with dignity.

Impact

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




Wednesday, July 24, 2024

Townsend Elderly Residences Inc provides a crucial service by offering affordable residential housing for elderly persons in Townsend, Massachusetts. By acquiring, constructing, rehabilitating, and operating 50 units of such housing, this organization directly addresses the pressing need for accessible and safe living spaces for the elderly population in the area. Through its focused mission, Townsend Elderly Residences Inc contributes to enhancing the quality of life for elderly individuals in Townsend and fosters a sense of community among its residents. This impact is significant in promoting the well-being and dignity of elderly persons who may otherwise struggle to find affordable housing options tailored to their needs.





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: $45
  • Program Service Revenue: $250,141
  • Gross Receipts: $664,847

    • Assets and Liabilities:
  • Total Assets: $1,433,455
  • Total Liabilities: $2,829,450
  • Net Assets: -$1,395,995
  • Programs

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

    RENTAL INCOME

    Revenue

    $250,141

    Organization Details

    Founding Year

    1985

    Principal Officer

    Brian Scales

    Main Address

    191 MAY STREET, WORCESTER, MA, 01602

    NTEE Category

    Code: L21Z - Housing

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