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Sandywoods Homes Inc

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

EIN: 264826876 ✦ Newport, RI ✦ Designated as a 501(c)(3)

Overview

What is Sandywoods Homes Inc?

Sandywoods Homes Inc, situated in Newport, Rhode Island, is a dedicated nonprofit organization with a primary mission to provide affordable housing options for individuals with low and moderate incomes. Their primary activity revolves around developing and owning these affordable properties, ensuring that a wide range of people can secure a residence within their financial means. The organization's commitment to this cause has positively impacted the local community, making housing more accessible and affordable for many residents.


Is Sandywoods Homes Inc legitimate?

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

For more financial information, click here


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

Mission Statement of Sandywoods Homes Inc

Sandywoods Homes Inc, a nonprofit organization, is dedicated to a noble cause. Its mission is centered around the development and ownership of affordable housing for individuals with low and moderate income levels. By undertaking this mission, Sandywoods Homes aims to contribute positively to the community, providing a much-needed solution for those who might otherwise struggle to secure suitable housing. This commitment to affordable housing is an essential part of Sandywoods Homes' identity and purpose, underscoring its role as a vital resource for those in need.

Impact

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




Thursday, August 15, 2024

Sandywoods Homes Inc has a significant impact on the community by providing affordable low and moderate-income housing options in Newport, RI. Their mission is to develop and own housing that addresses the critical need for affordable housing in the area. By offering these housing options, Sandywoods Homes Inc contributes to creating a more inclusive and diverse community where individuals and families from different socio-economic backgrounds can access safe and affordable housing. Their work helps improve the overall quality of life for residents and contributes to the stability and sustainability of the community.





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: $810
  • Program Service Revenue: $826,497
  • Gross Receipts: $836,691

    • Assets and Liabilities:
  • Total Assets: $9,653,108
  • Total Liabilities: $6,387,979
  • Net Assets: $3,265,129
  • Programs

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

    TENANT RENTS

    Revenue

    $480,697

    RENTAL SUBSIDIES

    Revenue

    $345,800

    Organization Details

    Founding Year

    2009

    Principal Officer

    Robert Sabel

    Main Address

    50 WASHINGTON SQUARE, NEWPORT, RI, 02840

    NTEE Category

    Code: L21 - Housing

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