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Redeemer Village

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

EIN: 232091414 ✦ Huntingdon valley, PA ✦ Designated as a 501(c)(3)

Overview

What is Redeemer Village?

Redeemer Village is a nonprofit organization located in Huntingdon Valley, Pennsylvania, which provides rental housing units for low-income elderly and disabled individuals. The organization, regulated by the U.S. Department of Housing and Urban Development (HUD), offers 150 subsidized units for eligible residents. Residents can enjoy a secure and friendly environment with access to essential services, including bus service for shopping and recreation, 24-hour emergency services, a beauty parlor, game room, general store, gift shop, library, and an organized resident council. In fiscal year 2022, the organization served 163 residents, and it employed a team of ten individuals.


Is Redeemer Village legitimate?

Redeemer Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redeemer Village 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: $73,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,408

For more financial information, click here


What is the mission statement of Redeemer Village?
Who is the CEO of Redeemer Village?
What is the revenue of Redeemer Village?
Who are the executives of Redeemer Village and what are their salaries?

The average compensation at Redeemer Village during 2022 was $20,265. There are 10 employees and 6 volunteers at Redeemer Village.

Here are 16 key members and their salaries (Redeemer Village's CEO's salary is $1,035 and their total compensation is $816,147):


Where can I find the form 990 for Redeemer Village?

Mission Statement of Redeemer Village

Redeemer Village, a nonprofit organization, is dedicated to providing affordable, HUD-subsidized housing for low-income elderly and disabled individuals. Established to meet the unique needs of this population, the community offers a safe and secure living environment where residents can enjoy companionship and independence. With a mission to uphold the dignity of its residents, Redeemer Village maintains 150 housing units, each pre-qualified under HUD regulations, ensuring that eligible individuals and couples have access to a happy and active atmosphere.

Residents of Redeemer Village live in a warm and welcoming community, enjoying a range of amenities designed to enhance their quality of life. Services offered include access to bus services for shopping and recreational activities, 24-hour on-call emergency services, a beauty parlor, game room, general store, gift shop, library, and an organized resident council. The compassionate and supportive environment at Redeemer Village fosters a sense of belonging and encourages active participation amongst its residents.

In the past fiscal year, Redeemer Village proudly served 163 individuals, providing them with a much-needed sense of security and companionship. By prioritizing the needs of low-income elderly and disabled individuals, Redeemer Village stands as a beacon of hope, offering them the opportunity to live in a thriving and inclusive community.

Impact

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




Thursday, August 15, 2024

Redeemer Village provides HUD-subsidized rental housing to low-income elderly and disabled individuals, offering a safe and secure environment where residents can enjoy companionship and independence in a happy and active atmosphere. Residents benefit from services such as bus transportation for shopping and recreational activities, 24-hour emergency services, beauty parlor, game room, general store, gift shop, library, and an organized resident council. In the fiscal year 2022, Redeemer Village served a total of 163 residents. Their impact lies in creating a supportive community where individuals can age in place with dignity and access to essential services.





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: $13,177,119
  • Program Service Revenue: $864,726
  • Gross Receipts: $14,141,572

    • Assets and Liabilities:
  • Total Assets: $14,356,700
  • Total Liabilities: $811,422
  • Net Assets: $13,545,278
  • Programs

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

    RENTAL INCOME

    Revenue

    $864,726

    Organization Details

    Founding Year

    1977

    Principal Officer

    Michael B Laign

    Main Address

    1551 HUNTINGDON PK, HUNTINGDON VALLEY, PA, 19006

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Redeemer Village 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.