Worcester Comm Housing Resource Inc

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

EIN: 222719744 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Worcester Comm Housing Resource Inc?

Worcester Comm Housing Resource Inc is a dedicated nonprofit organization based in Worcester, Massachusetts, specifically at 11 Pleasant Street 300. Their primary mission is to provide affordable housing options for low-income individuals and families, as well as revitalize neglected properties in underprivileged neighborhoods within the Greater Worcester area. The organization accomplishes this by actively developing their own projects and providing financial assistance to other affordable housing developers through their Loan Fund. Established in 1994, Worcester Community Housing Resources has been successful in fulfilling its mission and continues to strive towards creating and preserving affordable housing, subsequently improving the overall quality of life in the community. The organization employs a total of 12 individuals in their mission.


Official website here: www.wchr.org

Is Worcester Comm Housing Resource Inc legitimate?

Worcester Comm Housing Resource Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Comm Housing Resource 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: $133,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $510,948

For more financial information, click here


Official website here: www.wchr.org

What is the mission statement of Worcester Comm Housing Resource Inc?

Worcester Community Housing Resources, established in 1994, is dedicated to assisting in the creation and preservation of affordable housing and promoting neighborhood revitalization in a wider area. The organization has demonstrated its success by developing its own projects and offering financial aid through its Loan Fund to other affordable housing developers. Its services are primarily focused on low and moderate income individuals, aiming to improve their living situations in the greater Worcester area.


Official website here: www.wchr.org

Who is the CEO of Worcester Comm Housing Resource Inc?

Jennifer Schanck-Bolwell is the Executive Director of Worcester Comm Housing Resource Inc.


Official website here: www.wchr.org

What is the revenue of Worcester Comm Housing Resource Inc?

Worcester Comm Housing Resource Inc's revenue in 2022 was $1,872,287.


Official website here: www.wchr.org

Who are the executives of Worcester Comm Housing Resource Inc and what are their salaries?

The average compensation at Worcester Comm Housing Resource Inc during 2022 was $53,713. There are 12 employees at Worcester Comm Housing Resource Inc.

Here are 18 key members and their salaries:

    Jennifer Schanck-Bolwell (Executive Director)
  • Compensation: $133,612
  • Related: $0
  • Other: $29,732

    • Andrew Howarth (Director Of Devel.)
  • Compensation: $114,892
  • Related: $0
  • Other: $24,770

    • Jennifer Gaskin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Rutkauski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Hayes (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Sanning (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lydia Vazquez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Jacobs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Caleb Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneith Mudie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Loranger (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Nisbet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adi Tibrewal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Indrek Buttner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Isabelle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Cox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arlette M Lynch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Comiskey (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wchr.org

    Where can I find the form 990 for Worcester Comm Housing Resource Inc?

    The Worcester Comm Housing Resource Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wchr.org

    Learn more at the official website: www.wchr.org

    Mission Statement of Worcester Comm Housing Resource Inc

    Worcester Community Housing Resources, a nonprofit organization established in 1994, has a mission to contribute to the creation and preservation of affordable housing, as well as to initiate and support neighborhood revitalization in the broader Worcester area. The organization demonstrates its commitment to this mission by developing its own housing projects and by providing financial assistance to other developers through its Loan Fund. By offering such services to low and moderate-income individuals, Worcester Community Housing Resources aims to make a significant impact in the community.

    Impact

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




    Thursday, August 15, 2024

    Worcester Comm Housing Resource Inc's impact is significant in the greater Worcester area. By providing housing for low-income individuals and families and initiating neighborhood revitalization projects, this organization plays a crucial role in ensuring affordable housing options for those in need. Through its dedicated efforts since 1994, Worcester Community Housing Resources has proven itself as a successful entity that actively works towards creating and preserving affordable housing opportunities. In collaboration with other affordable housing developers and utilizing its Loan Fund, this organization continues to make a positive impact on the community, particularly benefitting low and moderate-income individuals in the Worcester area.





    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: $1,780
  • Program Service Revenue: $1,295,602
  • Gross Receipts: $1,872,287

    • Assets and Liabilities:
  • Total Assets: $24,267,608
  • Total Liabilities: $3,993,808
  • Net Assets: $20,273,800
  • Programs

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

    COMMUNITY LOAN FUND

    Revenue

    $145,608

    FEE INCOME

    Revenue

    $107,149

    RENTAL INCOME

    Revenue

    $1,042,845

    Organization Details

    Founding Year

    1988

    Principal Officer

    Jennifer Schanck-Bolwell

    Main Address

    11 PLEASANT STREET 300, WORCESTER, MA, 01609

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Worcester Comm Housing Resource Inc 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.