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Summer Street Housing Preservation Inc

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

EIN: 223179723 ✦ Rockland, ME ✦ Designated as a 501(c)(3)

Overview

What is Summer Street Housing Preservation Inc?

Summer Street Housing Preservation Inc is a nonprofit organization located at 46 Summer Street, Rockland, ME 04841. Their primary mission is to develop, own, and manage residential subsidized housing units for qualified elderly and disabled individuals. They offer affordable housing to 59 low-income seniors and individuals with disabilities, who might otherwise struggle to find such accommodations. The congregate setting of this housing fosters a sense of community, enabling numerous opportunities for community activities and social interaction.


Is Summer Street Housing Preservation Inc legitimate?

Summer Street Housing Preservation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summer Street Housing Preservation 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: $27,001

For more financial information, click here


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

Mission Statement of Summer Street Housing Preservation Inc

Summer Street Housing Preservation Inc, a nonprofit organization, is dedicated to a significant mission. Their primary objective is to develop, own, and manage residential subsidized housing units for qualified elderly and disabled individuals. This mission is crucial as it addresses the housing needs of a population often facing challenges in finding affordable living spaces. By providing these housing units, Summer Street Housing Preservation Inc offers a congregate setting, fostering an environment that encourages community activities and social interaction. This setting not only provides a home but also offers opportunities for individuals to engage with their peers, promoting a sense of belonging and well-being.

Impact

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




Thursday, August 15, 2024

Summer Street Housing Preservation Inc's impact lies in providing essential housing for 59 low-income seniors and individuals with disabilities in Rockland, ME. By offering subsidized housing units in a congregate setting, they create opportunities for community activities and social interaction, improving the quality of life for those who may struggle to find affordable housing elsewhere. Their mission to develop, own, and manage residential units for qualified elderly and disabled individuals directly addresses the critical need for accessible and supportive housing in the community, making a tangible difference in the lives of their 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: $3,001
  • Program Service Revenue: $242,544
  • Gross Receipts: $762,279

    • Assets and Liabilities:
  • Total Assets: $1,950,115
  • Total Liabilities: $2,153,128
  • Net Assets: -$203,013
  • Programs

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

    TENANT RENT

    Revenue

    $233,963

    SERVICE INCOME

    Revenue

    $6,405

    CONGREGATE HSG SERV IN

    Revenue

    $2,176

    Organization Details

    Founding Year

    1992

    Principal Officer

    Elisabeth Schuh

    Main Address

    46 SUMMER STREET, ROCKLAND, ME, 04841

    NTEE Category

    Code: P75Z - Human services

    If you are a representative of Summer Street Housing Preservation 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.