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Naperville Elderly Homes Inc

Martin Avenue Apartments

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

EIN: 362709180 ✦ Naperville, IL ✦ Designated as a 501(c)(3)

Overview

What is Naperville Elderly Homes Inc?

Naperville Elderly Homes Inc, also known as Martin Avenue Apartments, is a nonprofit organization situated in Naperville, Illinois. Established with a mission to develop, construct, maintain, and operate senior housing, the organization provides an affordable living space for lower-income seniors and individuals with disabilities. The community, named Martin Avenue Apartments, consists of 190 units, including 81 studio units, 107 one-bedroom units, and 2 two-bedroom units. The organization adheres to agreements with HUD, ensuring regulations on rental charges and eligibility. Naperville Elderly Homes Inc offers more than just housing, fostering an active community lifestyle for its residents.


Is Naperville Elderly Homes Inc legitimate?

Naperville Elderly Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naperville Elderly 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 Naperville Elderly Homes Inc?
Who is the CEO of Naperville Elderly Homes Inc?
What is the revenue of Naperville Elderly Homes Inc?
Who are the executives of Naperville Elderly Homes Inc and what are their salaries?
Where can I find the form 990 for Naperville Elderly Homes Inc?

Mission Statement of Naperville Elderly Homes Inc

Naperville Elderly Homes Inc is dedicated to providing affordable housing and an active community lifestyle for lower-income seniors and individuals with disabilities. Their mission, as outlined, involves developing, constructing, owning, maintaining, and operating senior housing communities. This organization strives to cater to the housing needs of older adults and individuals with special requirements, offering them a suitable living environment along with opportunities for an engaging community lifestyle. To accomplish this, they manage a 190-unit mid-rise housing community, accommodating over 200 residents, comprising studio units, one-bedroom units, and a few two-bedroom units. The organization's agreements with the HUD enforce regulations for rental charges and eligibility, ensuring fairness and accessibility for its residents.

Impact

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




Wednesday, July 24, 2024

Naperville Elderly Homes Inc provides a crucial service by offering affordable housing and a vibrant community atmosphere for lower-income seniors and individuals with disabilities. Through their operation of a 190-unit mid-rise housing community with over 200 residents, including a variety of studio, one-bedroom, and two-bedroom units, they address an important need within the community. By partnering with HUD to regulate rental charges and eligibility, they ensure that those in need can access safe and comfortable living spaces. In doing so, Naperville Elderly Homes Inc significantly impacts the lives of its residents by providing them with a supportive environment where they can thrive and age with dignity.





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: $-86,388
  • Program Service Revenue: $0
  • Gross Receipts: $935,371

    • Assets and Liabilities:
  • Total Assets: $14,196,774
  • Total Liabilities: $3,738
  • Net Assets: $14,193,036
  • Organization Details

    Founding Year

    1971

    Principal Officer

    John Schillerstrom

    Main Address

    310 MARTIN AVENUE, NAPERVILLE, IL, 60540

    NTEE Category

    Code: L22Z - Housing

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