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Schoolhouse Apartments Inc

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

EIN: 223035438 ✦ New canaan, CT ✦ Designated as a 501(c)(3)

Overview

What is Schoolhouse Apartments Inc?

Schoolhouse Apartments Inc is a nonprofit organization situated in New Canaan, Connecticut. The primary focus of this organization is to provide affordable housing options for low-income elderly individuals. This is achieved through the ownership and operation of 41 subsidized units, funded by the Department of Housing and Urban Development. The organization's mission extends to ensuring that these units are well-maintained and accessible to those in need, thereby contributing positively to the local community.


Is Schoolhouse Apartments Inc legitimate?

Schoolhouse Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schoolhouse Apartments 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: $117,871

For more financial information, click here


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

Mission Statement of Schoolhouse Apartments Inc

Schoolhouse Apartments Inc is committed to providing affordable housing options for low-income elderly individuals. This mission is carried out through the ownership and operation of 41 housing units, which are subsidized by the Department of Housing and Urban Development. This nonprofit organization offers a valuable service, making it possible for elderly individuals with limited financial resources to secure a place to live. By providing this subsidized housing, Schoolhouse Apartments Inc is contributing to the well-being of its community's elderly population, ensuring they have a safe and comfortable living environment.

Impact

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




Thursday, August 15, 2024

Schoolhouse Apartments Inc provides essential housing options for low-income elderly individuals in New Canaan, CT. By owning and operating 41 subsidized housing units, this organization plays a vital role in addressing the housing needs of the elderly population. Their impact can be seen in providing affordable and safe housing options for those who may otherwise struggle to find suitable accommodation. This not only enhances the quality of life for the residents but also contributes to creating a supportive community for older individuals in need.





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: $496
  • Program Service Revenue: $824,001
  • Gross Receipts: $833,803

    • Assets and Liabilities:
  • Total Assets: $2,953,309
  • Total Liabilities: $2,808,348
  • Net Assets: $144,961
  • Programs

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

    RENTAL SUBSIDY - ELDER

    Revenue

    $613,543

    RENTAL INCOME - ELDERL

    Revenue

    $209,181

    MISCELLANEOUS

    Revenue

    $1,277

    Organization Details

    Founding Year

    1991

    Principal Officer

    Brian H Hollstein

    Main Address

    156 SOUTH AVENUE, NEW CANAAN, CT, 06840

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Schoolhouse Apartments 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.