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Methodist Towers Inc

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

EIN: 237213451 ✦ Erie, PA ✦ Designated as a 501(c)(3)

Overview

What is Methodist Towers Inc?

Methodist Towers Inc is a nonprofit organization situated in Erie, Pennsylvania, with an address at 160 West 8th Street. Their primary focus is on providing affordable housing and related facilities and services tailored to meet the physical, social, and psychological needs of the elderly. They operate an apartment building that houses approximately 130 residences year-round. With a dedicated workforce of ten employees, Methodist Towers Inc aims to ensure a comfortable living environment for its elderly residents.


Official website here: www.methodisttowers.com

Is Methodist Towers Inc legitimate?

Methodist Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Towers 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: $64,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,336

For more financial information, click here


Official website here: www.methodisttowers.com

What is the mission statement of Methodist Towers Inc?

Methodist Towers Inc is committed to providing affordable rental housing and related facilities and services, specifically tailored to meet the physical, social, and psychological needs of the elderly. Their mission is to create an environment that caters to the unique requirements of senior residents, ensuring their overall well-being. The organization operates under the regulatory agreement of the US Department of Housing and Urban Development until the mortgage balance is fully paid off. Methodist Towers Inc houses approximately 130 elderly residents year-round, providing them with a supportive living environment.


Official website here: www.methodisttowers.com

Who is the CEO of Methodist Towers Inc?

James Reim is the Director of Methodist Towers Inc.


Official website here: www.methodisttowers.com

What is the revenue of Methodist Towers Inc?

Methodist Towers Inc's revenue in 2021 was $811,089.


Official website here: www.methodisttowers.com

Who are the executives of Methodist Towers Inc and what are their salaries?

The average compensation at Methodist Towers Inc during 2021 was $18,443. There are 10 employees and 11 volunteers at Methodist Towers Inc.

Here are 12 key members and their salaries:

    Darlene Winicki (Executive Director)
  • Compensation: $60,504
  • Related: $0
  • Other: $8,358

    • Bruce Bernard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corrine Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Donati (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Norman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Rodgers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trudy Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marguerite Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev James Parkinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Capmbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Reim (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Bartlett (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.methodisttowers.com

    Where can I find the form 990 for Methodist Towers Inc?

    The Methodist Towers Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.methodisttowers.com

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

    Mission Statement of Methodist Towers Inc

    Methodist Towers Inc, a nonprofit organization, is committed to providing affordable rental housing and related facilities and services that cater specifically to the physical, social, and psychological needs of the elderly. The primary mission of this organization is to create a living environment that caters to the unique needs of the elderly, ensuring they lead comfortable and fulfilling lives. Methodist Towers Inc operates under the regulatory agreement of the US Department of Housing and Urban Development, with the aim of providing housing solutions until the mortgage balance is fully paid off. The apartment building, housing around 130 residences year-round, serves as a home for the elderly, offering them a safe and supportive living space.

    Impact

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




    Thursday, August 15, 2024

    Methodist Towers Inc's impact lies in providing a secure and affordable living option for approximately 130 elderly residents in Erie, PA. By offering specially designed housing facilities and services tailored to meet the physical, social, and psychological needs of the elderly, Methodist Towers contributes to enhancing the well-being and quality of life for this vulnerable population. Through its mission of providing affordable rental housing, Methodist Towers plays a vital role in supporting the elderly community and ensuring they have a safe and comfortable place to call home.





    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 2021.

  • Investment Income: $223
  • Program Service Revenue: $607,462
  • Gross Receipts: $811,089

    • Assets and Liabilities:
  • Total Assets: $825,455
  • Total Liabilities: $62,257
  • Net Assets: $763,198
  • Programs

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

    RENT INCOME

    Revenue

    $591,930

    LAUNDRY & VENDING REVE

    Revenue

    $15,318

    KITCHEN INCOME

    Revenue

    $214

    Organization Details

    Founding Year

    1968

    Principal Officer

    James Reim

    Main Address

    160 WEST 8TH STREET, ERIE, PA, 165011013

    NTEE Category

    Code: L21Z - Housing

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