Overview
What is Somaltow Housing Company Inc?
Somaltow Housing Company Inc, located in Albany, New York, is a nonprofit organization dedicated to addressing the housing needs of elderly individuals with limited income. With a mission to plan, acquire, construct, own, maintain, and operate housing and auxiliary facilities, they aim to provide a suitable living environment for this group. Their workforce comprises 22 dedicated individuals, who strive to make a difference in the lives of those in need. The company's primary focus is on catering to the housing needs of this specific demographic, ensuring they can live comfortably and safely.
Is Somaltow Housing Company Inc legitimate?
Somaltow Housing Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somaltow Housing Company 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: $560,636
For more financial information, click here
What is the mission statement of Somaltow Housing Company Inc?
Somaltow Housing Company Inc's mission is centered around providing housing and auxiliary facilities for elderly individuals with low income. The company aims to achieve this by engaging in various activities such as planning, acquiring, constructing, owning, maintaining, and operating these facilities. Their primary objective is to ensure that elderly people in need have a suitable living space, thereby enhancing their quality of life.
Who is the CEO of Somaltow Housing Company Inc?
Gary Hallock is the President of Somaltow Housing Company Inc.
What is the revenue of Somaltow Housing Company Inc?
Somaltow Housing Company Inc's revenue in 2022 was $3,136,255.
Who are the executives of Somaltow Housing Company Inc and what are their salaries?
The average compensation at Somaltow Housing Company Inc during 2022 was $25,483. There are 22 employees and 7 volunteers at Somaltow Housing Company Inc.
Here are 8 key members and their salaries:
- Kimberly Hansen Woods (Executive Di)
- Gary Hallock (President) [Trustee/Director]
- Peter Mckee (Vice Preside) [Trustee/Director]
- John Saburro (Treasurer) [Trustee/Director]
- Eric Sprague (Secretary) [Trustee/Director]
- Tyler Fronte (Director)
- Caren Hicks (Director)
- Stephen Rehfuss (Director)
Where can I find the form 990 for Somaltow Housing Company Inc?
The Somaltow Housing Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Somaltow Housing Company Inc
Somaltow Housing Company Inc is committed to providing housing and auxiliary facilities for individuals who are of advanced age and have limited income. This nonprofit organization takes on the task of planning, acquiring, constructing, owning, maintaining, and operating such housing and facilities. By doing so, it aims to ensure that elderly people with financial constraints have access to suitable living spaces and necessary amenities. The mission of Somaltow Housing Company Inc is centered around enhancing the living conditions of this vulnerable population, thereby contributing to their overall well-being.
Impact
This information is meant to be a general summary of Somaltow Housing Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Somaltow Housing Company Inc's impact is significant as it provides housing and auxiliary facilities for aged persons of low income in Albany, NY. By planning, acquiring, constructing, owning, maintaining, and operating such housing and facilities, Somaltow Housing Company Inc addresses a crucial need within the community. Their mission to support low-income elderly individuals with affordable housing demonstrates their commitment to improving the quality of life for vulnerable populations. This organization plays a vital role in ensuring that seniors have access to safe and affordable housing, contributing to their overall well-being and stability.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,881,054
LAUNDRY & VENDING FEES
Revenue
$16,756
AIR CONDITIONERS
Revenue
$13,352
SECURITY DEPOSITS FORFEITED
Revenue
$12,856
MANAGEMENT FEES
Revenue
$11,229
Organization Details
Founding Year
1971
Principal Officer
Gary Hallock
Main Address
101 SOUTH PEARL STREET, ALBANY, NY, 12207
NTEE Category
Code: L20Z - Housing
If you are a representative of Somaltow Housing Company 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.