Overview
What is Somerset Villas Inc?
Somerset Villas Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, dedicated to providing affordable housing options for the elderly. With a focus on low-income housing, they offer 100 units specifically designed for this demographic. The Internal Revenue Service has granted them tax-exempt status for their housing program, indicating their commitment to this cause. Somerset Villas plays a significant role in the community by offering secure and comfortable living spaces for the elderly, contributing to their well-being and overall quality of life.
Official website here: www.hacecdc.org
Is Somerset Villas Inc legitimate?
Somerset Villas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Villas 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,894
For more financial information, click here
Official website here: www.hacecdc.org
What is the mission statement of Somerset Villas Inc?
Somerset Villas Inc., as an organization, is committed to providing low-income housing solutions for the elderly. This mission is underscored by the provision of 100 housing units specifically designed for the elderly. The Internal Revenue Service has granted Somerset Villas tax-exempt status in recognition of this program. While the location of Somerset Villas is Philadelphia, PA, the focus of its mission remains providing affordable housing options for the elderly, irrespective of location.
Official website here: www.hacecdc.org
Who is the CEO of Somerset Villas Inc?
What is the revenue of Somerset Villas Inc?
Who are the executives of Somerset Villas Inc and what are their salaries?
- David Gonzalez (Property Man)
- Rafael Porrata-Doria Jr Esq (Chairman) [Trustee/Director]
- Gina Chapman (Director)
Official website here: www.hacecdc.org
Where can I find the form 990 for Somerset Villas Inc?
The Somerset Villas Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.hacecdc.org
Learn more at the official website: www.hacecdc.org
Mission Statement of Somerset Villas Inc
Somerset Villas Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. In line with its mission, it offers 100 housing units specifically designed for this demographic. This commitment to affordable housing for the elderly is so significant that Somerset Villas has been granted tax-exempt status by the Internal Revenue Service for this program. While the location of Somerset Villas is Philadelphia, PA, this information is not essential to understanding its primary objective of offering affordable housing options to the elderly.
Impact
This information is meant to be a general summary of Somerset Villas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Somerset Villas Inc has a significant impact on the community by providing 100 units of low-income housing for the elderly in Philadelphia, PA. This contributes to addressing the affordable housing crisis, particularly for vulnerable populations such as the elderly. By offering this essential service, Somerset Villas Inc helps to improve the quality of life for elderly individuals who may struggle to find affordable and safe housing options. Their initiative not only provides a place to live but also fosters a sense of community and support for those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,143,483
Organization Details
Founding Year
1988
Phone
(215) 426-8025
Principal Officer
David Gonzalez
Main Address
167 WEST ALLEGHENY AVE, PHILADELPHIA, PA, 19140
Website
www.hacecdc.org
NTEE Category
Code: L20Z - Housing
If you are a representative of Somerset Villas Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.