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Bloomfield Senior Citizens Housing Felicity Towers

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

EIN: 237269706 ✦ Bloomfield, NJ ✦ Designated as a 501(c)(3)

Overview

What is Bloomfield Senior Citizens Housing Felicity Towers?

Bloomfield Senior Citizens Housing Felicity Towers is a nonprofit organization situated in Bloomfield, New Jersey, at 100 LLEWELYN AVENUE. Its primary mission is to offer affordable housing to elderly individuals with low to moderate incomes. The housing is subsidized by both the New Jersey Housing and Mortgage Finance Agency and the United States Department of Housing and Urban Development. The organization manages a 148-unit apartment building, with the rent charged not exceeding 30% of the tenant's income. The remaining balance is covered by the aforementioned agencies to ensure that elderly residents can afford their housing. The organization, with a workforce of 4 individuals, aims to provide a comfortable living environment for its residents.


Is Bloomfield Senior Citizens Housing Felicity Towers legitimate?

Bloomfield Senior Citizens Housing Felicity Towers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bloomfield Senior Citizens Housing Felicity Towers 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: $75,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,760

For more financial information, click here


What is the mission statement of Bloomfield Senior Citizens Housing Felicity Towers?
Who is the CEO of Bloomfield Senior Citizens Housing Felicity Towers?
What is the revenue of Bloomfield Senior Citizens Housing Felicity Towers?
Who are the executives of Bloomfield Senior Citizens Housing Felicity Towers and what are their salaries?
Where can I find the form 990 for Bloomfield Senior Citizens Housing Felicity Towers?

Mission Statement of Bloomfield Senior Citizens Housing Felicity Towers

Bloomfield Senior Citizens Housing Felicity Towers is an organization dedicated to providing affordable housing for elderly individuals with low to moderate income. The corporation, subsidized by the New Jersey Housing & Mortgage Finance Agency and the United States Department of Housing and Urban Development, owns a 148-unit apartment building. The organization's mission is to ensure that the residents pay rent that does not exceed 30% of their income. The remaining balance is covered by the aforementioned agencies, making it an affordable living option for its elderly tenants. In essence, Bloomfield Senior Citizens Housing Felicity Towers serves as a supportive housing solution, ensuring that elderly individuals can maintain a dignified living standard.

Impact

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




Thursday, August 15, 2024

Bloomfield Senior Citizens Housing Felicity Towers provides a crucial service by offering affordable housing to elderly individuals with low to moderate incomes. Through their 148-unit apartment building subsidized by the New Jersey Housing & Mortgage Finance Agency and the United States Department of Housing and Urban Development, they ensure that residents only pay rent based on 30% of their income. This support helps senior citizens in Bloomfield, NJ, maintain stable and comfortable living situations without financial strain. By addressing the housing needs of this vulnerable population, Felicity Towers positively impacts the well-being and quality of life of its residents.





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: $9,258
  • Program Service Revenue: $916,839
  • Gross Receipts: $2,197,733

    • Assets and Liabilities:
  • Total Assets: $5,418,766
  • Total Liabilities: $3,875,744
  • Net Assets: $1,543,022
  • Programs

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

    APARTMENT RENT

    Revenue

    $830,464

    COMMERCIAL RENTS

    Revenue

    $62,008

    GARAGE & PARKING RENT

    Revenue

    $13,230

    LAUNDRY

    Revenue

    $10,888

    TENANT CHARGES

    Revenue

    $249

    Organization Details

    Founding Year

    1968

    Principal Officer

    Alan Laquaglia

    Main Address

    100 LLEWELYN AVENUE, BLOOMFIELD, NJ, 07003

    NTEE Category

    Code: L21 - Housing

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