Palmer Park Seniors Housing Inc

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

EIN: 300017331 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

Overview

What is Palmer Park Seniors Housing Inc?

Palmer Park Seniors Housing Inc is a nonprofit organization situated in Rockville, Maryland. Its primary mission is to offer affordable housing and essential services to senior citizens with limited income. The organization houses 69 independent senior residents in rental apartments, providing them with necessary social support. By doing so, Palmer Park Seniors Housing Inc aims to improve the living conditions and well-being of its residents while ensuring they maintain their independence.


Is Palmer Park Seniors Housing Inc legitimate?

Palmer Park Seniors Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmer Park Seniors Housing 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: $105,178

For more financial information, click here


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

Mission Statement of Palmer Park Seniors Housing Inc

Palmer Park Seniors Housing Inc, as its primary mission, provides affordable housing for senior citizens with limited income, offering them 69 rental apartment units. This nonprofit organization goes beyond just providing a place to live by also offering related social services. The aim is to ensure that these independent seniors have a comfortable living situation, thereby contributing to their overall well-being.

Impact

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




Wednesday, July 24, 2024

Palmer Park Seniors Housing Inc's impact is significant in providing affordable housing and services to very low-income independent senior citizens in Rockville, MD. Through its mission of offering 69 rental apartment units along with related social services, Palmer Park Seniors Housing Inc plays a crucial role in ensuring that senior citizens have access to safe and affordable housing options. By focusing on this specific demographic and providing supportive services, Palmer Park Seniors Housing Inc positively impacts the lives of seniors in need within 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: $18
  • Program Service Revenue: $666,142
  • Gross Receipts: $666,160

    • Assets and Liabilities:
  • Total Assets: $3,655,503
  • Total Liabilities: $231,447
  • Net Assets: $3,424,056
  • Programs

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

    Fees & Contracts Gov Ag

    Revenue

    $368,363

    Affordable Housing

    Revenue

    $288,121

    Miscellaneous Income

    Revenue

    $9,658

    Organization Details

    Founding Year

    2001

    Principal Officer

    Leila A Finucane

    Main Address

    11400 Rockville Pike STE 505, Rockville, MD, 20852

    NTEE Category

    Code: L22 - Housing

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