First Church In Malden Homes Inc

The Heritage Apartments

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

EIN: 237099111 ✦ Malden, MA ✦ Designated as a 501(c)(3)

Overview

What is First Church In Malden Homes Inc?

First Church In Malden Homes Inc, located at 195 Pleasant Street, Malden, Massachusetts 02148, is a nonprofit organization primarily dedicated to the acquisition, construction, and operation of affordable housing projects. This mission extends to Malden, Massachusetts, where they aim to provide financing and own, operate, and develop low-to-moderate income housing projects. With a team of seven employees, this organization contributes to addressing housing needs within the community. The completed project is known as The Heritage Apartments.


Official website here: www.heritage195.com

Is First Church In Malden Homes Inc legitimate?

First Church In Malden Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Church In Malden Homes 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.heritage195.com

What is the mission statement of First Church In Malden Homes Inc?

The organization, First Church In Malden Homes Inc, is committed to providing financing for housing projects catering to individuals with low to moderate incomes. Beyond financial support, the entity also engages in the ownership, operation, and development of such affordable housing projects. This mission aims to contribute to the provision of decent living spaces for a section of the population who may otherwise struggle with housing affordability.


Official website here: www.heritage195.com

Who is the CEO of First Church In Malden Homes Inc?

Stephen Frazier is the President of First Church In Malden Homes Inc.


Official website here: www.heritage195.com

What is the revenue of First Church In Malden Homes Inc?

First Church In Malden Homes Inc's revenue in 2022 was $1,401,823.


Official website here: www.heritage195.com

Who are the executives of First Church In Malden Homes Inc and what are their salaries?

The average compensation at First Church In Malden Homes Inc during 2022 was $5,714. There are 7 employees and 11 volunteers at First Church In Malden Homes Inc.

Here are 9 key members and their salaries:

    Stephen Frazier (Executive Director)
  • Compensation: $199,050
  • Related: $0
  • Other: $46,108

    • Maria Frazier (Service Coordinator)
  • Compensation: $107,795
  • Related: $0
  • Other: $10,779

    • Paul Frazier (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Demirdjian (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Conley (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Parks (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Demirdjian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James C Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Oteri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.heritage195.com

    Where can I find the form 990 for First Church In Malden Homes Inc?

    The First Church In Malden Homes Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.heritage195.com

    Learn more at the official website: www.heritage195.com

    Mission Statement of First Church In Malden Homes Inc

    First Church In Malden Homes Inc, as a nonprofit organization, is committed to achieving its mission. This mission involves securing financing for housing projects that cater to individuals with low to moderate incomes. The organization goes beyond just providing financial support; it also owns, operates, and develops low to moderate income housing projects. By doing so, it ensures that affordable housing is readily available to those who need it most. In essence, First Church In Malden Homes Inc is dedicated to making a tangible impact in the lives of individuals by providing them with sustainable and affordable housing solutions.

    Impact

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




    Thursday, August 15, 2024

    First Church In Malden Homes Inc's impact is centered on providing financing for low to moderate-income housing projects in Malden, Massachusetts. Through their activities, they aim to acquire, construct, and operate affordable housing units to address the housing needs of individuals and families in the community. Their mission is to own, operate, and develop housing projects that cater to individuals with limited financial resources, ultimately contributing to the availability of safe and affordable housing options in the city.





    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: $40,605
  • Program Service Revenue: $1,355,384
  • Gross Receipts: $1,401,823

    • Assets and Liabilities:
  • Total Assets: $15,071,972
  • Total Liabilities: $20,869
  • Net Assets: $15,051,103
  • Programs

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

    PSP DISTRIBUTION INCOM

    Revenue

    $494,186

    TAX CREDIT COMPLIANCE

    Revenue

    $430,599

    INCENTIVE MANAGEMENT F

    Revenue

    $430,599

    Organization Details

    Founding Year

    1968

    Principal Officer

    Stephen Frazier

    Main Address

    195 PLEASANT STREET, MALDEN, MA, 02148

    NTEE Category

    Code: L22 - Housing

    If you are a representative of First Church In Malden Homes 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.