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Groton Affordable Housing Inc C/O Rcap Solution Inc

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

EIN: 222831170 ✦ Worcester, MA ✦ Designated as a 501(c)(3)

Overview

What is Groton Affordable Housing Inc C/O Rcap Solution Inc?

Groton Affordable Housing Inc, a nonprofit organization under the umbrella of Rcap Solution Inc, is situated in Worcester, Massachusetts. Their primary mission is to provide affordable housing for the elderly community in Groton. They accomplish this goal by acquiring, constructing, rehabilitating, and managing 34 units specifically designed for elderly individuals. By offering affordable housing, they contribute positively to the community, ensuring that the elderly population has suitable living conditions.


Is Groton Affordable Housing Inc C/O Rcap Solution Inc legitimate?

Groton Affordable Housing Inc C/O Rcap Solution Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groton Affordable Housing Inc C/O Rcap Solution 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 Groton Affordable Housing Inc C/O Rcap Solution Inc?
Who is the CEO of Groton Affordable Housing Inc C/O Rcap Solution Inc?
What is the revenue of Groton Affordable Housing Inc C/O Rcap Solution Inc?
Who are the executives of Groton Affordable Housing Inc C/O Rcap Solution Inc and what are their salaries?
Where can I find the form 990 for Groton Affordable Housing Inc C/O Rcap Solution Inc?

Mission Statement of Groton Affordable Housing Inc C/O Rcap Solution Inc

Groton Affordable Housing Inc C/O Rcap Solution Inc is dedicated to a significant mission. This nonprofit organization aims to acquire, construct, rehabilitate, and operate 34 units of affordable residential housing specifically catering to elderly individuals. The primary objective of this organization is to provide affordable housing options for the elderly, ensuring they have a secure living environment. By undertaking this mission, Groton Affordable Housing Inc C/O Rcap Solution Inc contributes to the well-being of the elderly population, providing them with a sense of stability and independence.

Impact

This information is meant to be a general summary of Groton Affordable Housing Inc C/O Rcap Solution Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Groton Affordable Housing Inc C/O Rcap Solution Inc's impact is in providing affordable residential housing for elderly persons in Groton, MA. By acquiring, constructing, rehabilitating, and operating 34 units of affordable housing, they are addressing the critical need for housing options for the elderly population in the area. This effort directly contributes to promoting a sense of security, stability, and community for elderly individuals who may be facing housing challenges. Additionally, their mission to provide affordable housing aligns with the broader goal of creating inclusive and sustainable communities.





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: $26
  • Program Service Revenue: $140,553
  • Gross Receipts: $514,974

    • Assets and Liabilities:
  • Total Assets: $567,388
  • Total Liabilities: $1,981,840
  • Net Assets: -$1,414,452
  • Programs

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

    RENTAL INCOME

    Revenue

    $140,553

    Organization Details

    Founding Year

    1988

    Principal Officer

    Brian Scales

    Main Address

    191 MAY STREET, WORCESTER, MA, 01602

    NTEE Category

    Code: L21Z - Housing

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