Overview
What is Scottish Rite Tower Dev Corp?
Scottish Rite Tower Dev Corp, located at 1530 Fitzwater Street, Philadelphia, PA 19146, is a dedicated nonprofit organization. It specializes in providing affordable housing for low to moderate income senior citizens and individuals with disabilities, catering to 107 units. The project operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development. With a team of six employees, Scottish Rite Tower Dev Corp plays an essential role in offering affordable living options to its residents.
Is Scottish Rite Tower Dev Corp legitimate?
Scottish Rite Tower Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scottish Rite Tower Dev 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: $391,497
For more financial information, click here
What is the mission statement of Scottish Rite Tower Dev Corp?
Scottish Rite Tower Development Corporation is dedicated to providing affordable housing for low and moderate-income senior citizens and individuals with disabilities. They operate a 107-unit apartment project under Section 202 of the National Housing Act, overseeing its operations in compliance with regulations set by the U.S. Department of Housing and Urban Development. This organization's mission is centered around ensuring that these vulnerable groups have access to suitable living spaces, contributing positively to their daily lives.
Who is the CEO of Scottish Rite Tower Dev Corp?
Roland K Lee Sr is the Chairman & C of Scottish Rite Tower Dev Corp.
What is the revenue of Scottish Rite Tower Dev Corp?
Scottish Rite Tower Dev Corp's revenue in 2023 was $1,172,344.
Who are the executives of Scottish Rite Tower Dev Corp and what are their salaries?
The average compensation at Scottish Rite Tower Dev Corp during 2023 was $65,250. There are 6 employees at Scottish Rite Tower Dev Corp.
Here are 15 key members and their salaries:
- Melvin J Bazemore (Chairman & C) [Trustee/Director]
- Sidney Broadnax (Vice Chairma) [Trustee/Director]
- Edward Brooks (Secretary) [Trustee/Director]
- Ivory M Buck (Director)
- Edward Darnell (Director)
- William J Ewing (Director)
- Raynard Hughes (Director)
- Roy Mays (Director)
- Wayne Phillips (Director)
- Daniel Poole (Director)
- James Scott (Director)
- Lorenzo Cruger Sr (Director)
- Roland K Lee Sr (Treasurer) [Trustee/Director]
- William Stark (Director)
- Carl Williams (Director)
Where can I find the form 990 for Scottish Rite Tower Dev Corp?
The Scottish Rite Tower Dev Corp’s most recent form 990 was submitted in 2023 and can be accessed here
Mission Statement of Scottish Rite Tower Dev Corp
Scottish Rite Tower Development Corporation is dedicated to providing affordable housing for low and moderate-income senior citizens and individuals with disabilities. Operating under Section 202 of the National Housing Act, this organization is regulated by the U.S. Department of Housing and Urban Development. The corporation manages a 107-unit apartment project, offering a living space for these vulnerable groups. By doing so, Scottish Rite Tower Development Corporation plays a significant role in ensuring that these individuals have access to safe and affordable housing, contributing positively to their overall well-being.
Impact
This information is meant to be a general summary of Scottish Rite Tower Dev Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Scottish Rite Tower Dev Corp's impact lies in providing affordable housing to low and moderate-income senior citizens and handicapped residents in Philadelphia, PA. By owning and operating a 107-unit apartment project under Section 202 of the National Housing Act, regulated by the U.S. Department of Housing and Urban Development, the organization has successfully met the critical housing needs of a vulnerable population. Through its dedicated efforts, Scottish Rite Tower Dev Corp has contributed significantly to enhancing the quality of life for senior citizens and handicapped individuals in the community, ensuring they have a safe and comfortable place to call home.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$782,869
RENT REVENUE - GROSS POTENTIA
Revenue
$435,741
VACANCIES
Revenue
$-50,578
Organization Details
Founding Year
1996
Phone
(215) 545-0460
Principal Officer
Roland K Lee Sr
Main Address
1530 FITZWATER STREET, PHILADELPHIA, PA, 19146
NTEE Category
Code: L21 - Housing
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