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State Street Housing Preservation Corp

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

EIN: 223129401 ✦ Portland, ME ✦ Designated as a 501(c)(3)

Overview

What is State Street Housing Preservation Corp?

State Street Housing Preservation Corp is a nonprofit organization dedicated to providing housing solutions for the elderly. Their primary mission is to develop, manage, and maintain subsidized residential units and facilities that cater to this demographic. By doing so, they aim to contribute positively to the elderly population's living conditions, ensuring they have access to suitable and subsidized housing.


Is State Street Housing Preservation Corp legitimate?

State Street Housing Preservation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. State Street Housing Preservation Corp 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 State Street Housing Preservation Corp?
Who is the CEO of State Street Housing Preservation Corp?
What is the revenue of State Street Housing Preservation Corp?
Who are the executives of State Street Housing Preservation Corp and what are their salaries?
Where can I find the form 990 for State Street Housing Preservation Corp?

Mission Statement of State Street Housing Preservation Corp

State Street Housing Preservation Corp, as its name suggests, is dedicated to a significant mission. This nonprofit organization focuses on developing, owning, and managing subsidized residential housing units and related facilities, specifically catering to the elderly population. By undertaking this mission, State Street Housing Preservation Corp aims to provide a suitable living environment for the elderly, ensuring they have access to necessary facilities. This commitment to the elderly community underscores the organization's dedication to enhancing the quality of life for this demographic, offering them a secure and comfortable living space.

Impact

This information is meant to be a general summary of State Street Housing Preservation Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

State Street Housing Preservation Corp's impact is significant in providing affordable housing options and related facilities for the elderly in Portland, Maine. By developing, owning, and managing subsidized residential housing units, this organization plays a crucial role in addressing the housing needs of the elderly population. Their efforts contribute to ensuring that older individuals have access to safe and affordable living spaces, thereby enhancing their quality of life and promoting independent living in a supportive environment. Through their mission-driven work, State Street Housing Preservation Corp positively impacts the community by fostering housing stability and well-being for elderly residents.





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: $3,422,597
  • Program Service Revenue: $3,193,229
  • Gross Receipts: $6,615,826

    • Assets and Liabilities:
  • Total Assets: $22,823,112
  • Total Liabilities: $16,967,342
  • Net Assets: $5,855,770
  • Programs

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

    RENTAL INCOME - TENANT

    Revenue

    $3,151,620

    MISCELLANEOUS REVENUE

    Revenue

    $20,984

    OTHER TENANT REVENUE

    Revenue

    $20,625

    Organization Details

    Founding Year

    1991

    Principal Officer

    Brian Frost

    Main Address

    14 BAXTER BOULEVARD, PORTLAND, ME, 04101

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of State Street Housing Preservation Corp 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.