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1060 Belmont Inc

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

EIN: 271619580 ✦ Newton, MA ✦ Designated as a 501(c)(3)

Overview

What is 1060 Belmont Inc?

1060 Belmont Inc is a nonprofit organization located in Newton, Massachusetts. Their primary mission is to provide housing facilities and services specifically tailored to promote the health, physical, and social well-being of low-income families. They accomplish this by leasing 18 rental units to 18 such families, making them the sole activity of the corporation. The organization's purpose is to offer a secure living environment that supports the overall well-being of its residents.


Official website here: www.metrowestcd.org

Is 1060 Belmont Inc legitimate?

1060 Belmont Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1060 Belmont 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


Official website here: www.metrowestcd.org

What is the mission statement of 1060 Belmont Inc?

1060 Belmont Inc, as an organization, is dedicated to serving low-income families and individuals by providing them with housing facilities and associated services. The primary goal is to enhance their health, physical well-being, and social welfare. By offering specialized housing solutions, the organization aims to contribute positively to their overall quality of life. The corporation's sole activity revolves around leasing 18 rental units to 18 low-income families. This housing initiative seeks to provide a secure and supportive environment for these families, thereby contributing to their overall well-being. By offering these services, 1060 Belmont Inc plays a significant role in promoting social equity and improving living conditions for those in need.


Official website here: www.metrowestcd.org

Who is the CEO of 1060 Belmont Inc?

Caitlin Madden is the President of 1060 Belmont Inc.


Official website here: www.metrowestcd.org

What is the revenue of 1060 Belmont Inc?

1060 Belmont Inc's revenue in 2022 was $459,413.


Official website here: www.metrowestcd.org

Who are the executives of 1060 Belmont Inc and what are their salaries?

Here are 10 key members and their salaries:

    Caitlin Madden (Executive Director)
  • Compensation: $0
  • Related: $122,337
  • Other: $11,231

    • Suneeth John (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Sherman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Flack (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dorena Wong-Deleon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cristina Ayala (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eugenia Chaparro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Hobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thelma Titus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherry Ruff (Director (Until 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.metrowestcd.org

    Where can I find the form 990 for 1060 Belmont Inc?

    The 1060 Belmont Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.metrowestcd.org

    Learn more at the official website: www.metrowestcd.org

    Mission Statement of 1060 Belmont Inc

    1060 Belmont Inc, a nonprofit organization, is dedicated to supporting families and individuals of low-income by providing them with housing facilities and services designed to enhance their overall health and well-being. The mission of this organization is to offer a conducive living environment that promotes both physical and social wellness. 1060 Belmont Inc achieves this by leasing its 18 rental units to 18 low-income families, making safe and secure housing accessible to those who may not otherwise have it. This commitment to affordable housing and holistic support is a testament to 1060 Belmont Inc's dedication to uplifting the lives of its community members.

    Impact

    This information is meant to be a general summary of 1060 Belmont Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    1060 Belmont Inc's impact lies in providing families and individuals of low-income with essential housing facilities and services that are tailored to enhance their health, physical, and social well-being. Through its ownership of 18 rental units in Newton, MA, this organization directly impacts the lives of 18 low-income families by offering them affordable housing. This initiative not only addresses the critical need for housing among vulnerable populations but also contributes to creating a stable and supportive environment where individuals can thrive and improve their overall quality of life.





    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: $193
  • Program Service Revenue: $271,963
  • Gross Receipts: $459,413

    • Assets and Liabilities:
  • Total Assets: $3,849,866
  • Total Liabilities: $2,893,306
  • Net Assets: $956,560
  • Programs

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

    RENTAL INCOME

    Revenue

    $270,951

    LAUNDRY INCOME

    Revenue

    $1,012

    Organization Details

    Founding Year

    2009

    Principal Officer

    Caitlin Madden

    Main Address

    79-B CHAPEL STREET, NEWTON, MA, 02458

    NTEE Category

    Code: L21 - Housing

    If you are a representative of 1060 Belmont 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.