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Holy Redeemer Senior Citizens Facility

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

EIN: 341603502 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

Overview

What is Holy Redeemer Senior Citizens Facility?

The Holy Redeemer Senior Citizens Facility is a nonprofit organization, specifically established for providing low-income housing to the elderly community. Situated at 15712 Kipling Avenue, Cleveland, Ohio 44110, this facility is primarily dedicated to the construction and operation of rental properties. Approximately two-thirds of the rents here are subsidized by the U.S. Department of Housing and Urban Development, thereby making housing more affordable for the elderly population. The primary mission of this facility is to provide suitable living accommodations for elderly individuals, contributing to their overall well-being and quality of life.


Is Holy Redeemer Senior Citizens Facility legitimate?

Holy Redeemer Senior Citizens Facility is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Redeemer Senior Citizens Facility 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: $151,235

For more financial information, click here


What is the mission statement of Holy Redeemer Senior Citizens Facility?
Who is the CEO of Holy Redeemer Senior Citizens Facility?
What is the revenue of Holy Redeemer Senior Citizens Facility?
Who are the executives of Holy Redeemer Senior Citizens Facility and what are their salaries?
Where can I find the form 990 for Holy Redeemer Senior Citizens Facility?

Mission Statement of Holy Redeemer Senior Citizens Facility

The Holy Redeemer Senior Citizens Facility is committed to a mission that encompasses acquiring, constructing, and operating rental properties primarily aimed at providing housing for elderly individuals. This initiative ensures that a significant portion of the rents for these properties are subsidized by the United States Department of Housing and Urban Development, making it an accessible and affordable option for seniors with limited income. By focusing on this demographic, the facility aims to contribute to the overall well-being and comfort of the elderly community, providing them with a suitable living space.

Impact

This information is meant to be a general summary of Holy Redeemer Senior Citizens Facility. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Holy Redeemer Senior Citizens Facility provides essential low-income housing for elderly individuals in Cleveland, Ohio. With 50 units available, the facility plays a crucial role in meeting the housing needs of this vulnerable population. Around 66% of the rents are subsidized by the U.S. Department of Housing and Urban Development, making it more affordable for seniors with limited financial resources to have a safe and comfortable place to live. This impact extends beyond just providing shelter, as it also contributes to the overall well-being and quality of life of senior citizens in 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: $457
  • Program Service Revenue: $163,784
  • Gross Receipts: $530,161

    • Assets and Liabilities:
  • Total Assets: $1,186,305
  • Total Liabilities: $2,967,296
  • Net Assets: -$1,780,991
  • Programs

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

    Tenant Rental Income

    Revenue

    $163,784

    Organization Details

    Founding Year

    1989

    Principal Officer

    Eddie Corello

    Main Address

    15712 Kipling Avenue, Cleveland, OH, 44110

    NTEE Category

    Code: L22Z - Housing

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