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West Elmwood Housing Development Co

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

EIN: 237138165 ✦ Providence, RI ✦ Designated as a 501(c)(3)

Overview

What is West Elmwood Housing Development Co?

West Elmwood Housing Development Co is a nonprofit organization established in 1970, situated at 224 Dexter Street, Providence, Rhode Island (RI 02907). Their mission is centered around promoting the development of thriving, sustainable communities by addressing the affordable housing needs of individuals and neighborhoods, primarily in the West End area of Providence and wider Rhode Island. Their key activities encompass fostering home ownership, engaging with communities, and stimulating economic growth. With a team of 20 dedicated employees, West Elmwood Housing Development Co plays an essential role in improving living conditions and fostering community development.


Is West Elmwood Housing Development Co legitimate?

West Elmwood Housing Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Elmwood Housing Development Co 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: $94,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,166

For more financial information, click here


What is the mission statement of West Elmwood Housing Development Co?
Who is the CEO of West Elmwood Housing Development Co?
What is the revenue of West Elmwood Housing Development Co?
Who are the executives of West Elmwood Housing Development Co and what are their salaries?
Where can I find the form 990 for West Elmwood Housing Development Co?

Mission Statement of West Elmwood Housing Development Co

West Elmwood Housing Development Corporation, established in 1970 as a private, not-for-profit organization, is dedicated to promoting the growth of healthy and sustainable communities. The organization's mission encompasses three primary aspects: fostering home ownership, encouraging community involvement, and stimulating economic development. By offering housing services, West Elmwood Housing Development Co aims to assist individuals and neighborhoods in addressing their affordable housing needs, not just in the West End Neighborhood but also in various parts of Providence and Rhode Island. This mission seeks to contribute to the overall well-being and development of these communities, striving for a future where everyone has access to affordable and sustainable housing options.

Impact

This information is meant to be a general summary of West Elmwood Housing Development Co. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

West Elmwood Housing Development Co's impact can be seen through its efforts to promote the development of healthy, sustainable communities by providing housing services to help individuals and neighborhoods meet their affordable housing needs in the West End Neighborhood and other parts of Providence and Rhode Island. By enabling home ownership, fostering community engagement, and supporting economic development, West Elmwood Housing Development Co plays a crucial role in improving the quality of life for residents in the area. Their focus on creating affordable housing options contributes to the overall well-being and stability of the community.





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: $13,263
  • Program Service Revenue: $70,345
  • Gross Receipts: $1,694,306

    • Assets and Liabilities:
  • Total Assets: $1,687,799
  • Total Liabilities: $180,932
  • Net Assets: $1,506,867
  • Programs

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

    Asset Management Fee

    Revenue

    $25,216

    Fees for Service

    Revenue

    $1,716

    Sankofa Market Income

    Revenue

    $43,413

    Organization Details

    Founding Year

    1970

    Principal Officer

    Candace Harper

    Main Address

    224 Dexter Street, Providence, RI, 02907

    NTEE Category

    Code: L20Z - Housing

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