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First Congregational Memorial Tower

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

EIN: 237384453 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

Overview

What is First Congregational Memorial Tower?

First Congregational Memorial Tower is a nonprofit organization situated in Pasadena, California, with a postal address of PO Box 7070, 91109. The primary mission of this organization is to provide and manage a senior citizen housing complex, catering to the needs of low-income, elderly, and handicapped individuals. The project, identified as CALHFA PROJECT NO.75-081-S, comprises 100 rental units. The nonprofit, with a modest workforce of 4 employees, is dedicated to improving the living conditions and fostering a supportive environment for its residents.


Is First Congregational Memorial Tower legitimate?

First Congregational Memorial Tower is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Congregational Memorial Tower 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: $265,086

For more financial information, click here


What is the mission statement of First Congregational Memorial Tower?
Who is the CEO of First Congregational Memorial Tower?
What is the revenue of First Congregational Memorial Tower?
Who are the executives of First Congregational Memorial Tower and what are their salaries?
Where can I find the form 990 for First Congregational Memorial Tower?

Mission Statement of First Congregational Memorial Tower

First Congregational Memorial Tower's mission is centered around providing housing solutions for the low-income, elderly, and handicapped community. This nonprofit organization operates a 100-unit senior citizen housing complex, serving as a sanctuary for those in need. The CalHFA Project No. 75-081-S is instrumental in providing these residents with rental housing, ensuring they have a secure and comfortable living environment. By catering to this specific demographic, First Congregational Memorial Tower plays a significant role in supporting the well-being and independence of vulnerable individuals, enabling them to maintain a good quality of life.

Impact

This information is meant to be a general summary of First Congregational Memorial Tower. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

First Congregational Memorial Tower's impact lies in providing essential housing support to low-income, elderly, and handicapped individuals in Pasadena, California. Through its operation of a 100-unit senior citizen housing complex, this organization offers a vital service to those in need of affordable and accessible housing options. By fulfilling this mission, First Congregational Memorial Tower contributes to enhancing the quality of life and well-being of vulnerable members of the community, ensuring they have a safe and comfortable place to call home. The organization's commitment to serving these populations reflects a dedication to addressing social and economic disparities and promoting inclusivity and dignity for all 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 2023.

  • Investment Income: $65,575
  • Program Service Revenue: $2,762,325
  • Gross Receipts: $2,827,900

    • Assets and Liabilities:
  • Total Assets: $7,529,992
  • Total Liabilities: $6,133,769
  • Net Assets: $1,396,223
  • Programs

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

    LAUNDRY INCOME

    Revenue

    $3,783

    MISC. OTHER INCOME

    Revenue

    $1,235

    TENANT CHARGES

    Revenue

    $1,101

    TENANT RENTAL INCOME

    Revenue

    $2,756,206

    Organization Details

    Founding Year

    1974

    Principal Officer

    Mike Burrows

    Main Address

    PO BOX 7070, PASADENA, CA, 91109

    NTEE Category

    Code: L210 - Housing

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