Putnam Baptist Homes Inc

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

EIN: 237431290 ✦ Putnam, CT ✦ Designated as a 501(c)(3)

Overview

What is Putnam Baptist Homes Inc?

Putnam Baptist Homes Inc, based in Putnam, Connecticut, is a nonprofit organization with a mission to provide affordable housing for the elderly community. Operating under USDA Rural Development guidelines, they offer housing solutions to eligible low-income tenants. With a dedicated workforce of three individuals, Putnam Baptist Homes Inc contributes to the well-being of the elderly residents in the Putnam area, ensuring they have a safe and comfortable living environment.


Is Putnam Baptist Homes Inc legitimate?

Putnam Baptist Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Putnam Baptist Homes 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: $88,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Putnam Baptist Homes Inc?
Who is the CEO of Putnam Baptist Homes Inc?
What is the revenue of Putnam Baptist Homes Inc?
Who are the executives of Putnam Baptist Homes Inc and what are their salaries?
Where can I find the form 990 for Putnam Baptist Homes Inc?

Mission Statement of Putnam Baptist Homes Inc

Putnam Baptist Homes Inc is committed to providing housing opportunities for elderly individuals and other eligible low-income tenants, in accordance with the guidelines set by the USDA Rural Development program. This nonprofit organization's mission is to ensure that affordable housing is within reach for those who need it most, contributing to the well-being and dignity of its residents. By adhering to these guidelines, Putnam Baptist Homes Inc plays a vital role in offering a safe and suitable living environment, enhancing the quality of life for its elderly tenants.

Impact

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




Thursday, August 15, 2024

Putnam Baptist Homes Inc's impact lies in its provision of affordable housing to elderly individuals in the Putnam, CT area. By offering housing opportunities to low-income tenants under USDA Rural Development guidelines, the organization plays a crucial role in ensuring that elderly residents have access to safe and comfortable living spaces. This not only addresses a key need within the community but also contributes to improving the overall quality of life for seniors in the region. Through its mission-focused approach, Putnam Baptist Homes Inc is able to provide much-needed support to a vulnerable demographic, thereby making a meaningful impact on the lives of those it serves.





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: $5,442
  • Program Service Revenue: $822,658
  • Gross Receipts: $828,100

    • Assets and Liabilities:
  • Total Assets: $2,990,649
  • Total Liabilities: $3,975,901
  • Net Assets: -$985,252
  • Programs

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

    RENT

    Revenue

    $794,141

    TENNANT REIMBURSEMENTS
    LAUNDRY

    Revenue

    $10,617

    OTHER INCOME

    Revenue

    $17,900

    Organization Details

    Founding Year

    1979

    Principal Officer

    Steven Farner

    Main Address

    207 SABIN STREET, PUTNAM, CT, 06260

    NTEE Category

    Code: L22 - Housing

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