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Senior Housing Inc

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

EIN: 363164729 ✦ Des plaines, IL ✦ Designated as a 501(c)(3)

Overview

What is Senior Housing Inc?

Senior Housing Inc is a nonprofit organization that specializes in providing low-income housing for the elderly. According to the National Housing Act, they own and manage an apartment complex specifically designed for this demographic. Their primary mission revolves around offering affordable living spaces for the elderly, ensuring they maintain a comfortable and secure environment. The organization's activities are centered around the provision of housing, thereby contributing positively to the lives of its elderly residents.


Is Senior Housing Inc legitimate?

Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior 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: $219,750

For more financial information, click here


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

Mission Statement of Senior Housing Inc

Senior Housing Inc is dedicated to providing affordable housing solutions for the elderly, as indicated by its mission statement. The organization fulfills this objective by owning and managing an apartment complex in compliance with Section 202 of the National Housing Act. This act is a federal legislation designed to support the development of affordable housing for elderly individuals, and Senior Housing Inc leverages this provision to offer a safe and comfortable living environment for its residents. By providing such housing, Senior Housing Inc contributes to the well-being and independence of the elderly population, enabling them to maintain a decent quality of life in their later years.

Impact

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




Thursday, August 15, 2024

Senior Housing Inc provides crucial low-income housing for elderly individuals in Des Plaines, Illinois. By owning and operating an apartment complex under section 202 of the national housing act, this organization ensures that senior citizens have access to safe and affordable housing options. Their impact can be seen in the improved quality of life and security provided to vulnerable elderly individuals who may otherwise struggle to find suitable housing options. Through their dedicated mission, Senior Housing Inc plays a vital role in supporting the well-being of the elderly population in Des Plaines.





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 2023.

  • Investment Income: $317
  • Program Service Revenue: $296,722
  • Gross Receipts: $1,034,687

    • Assets and Liabilities:
  • Total Assets: $976,348
  • Total Liabilities: $2,699,985
  • Net Assets: -$1,723,637
  • Programs

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

    TENANT RENT & CHARGES

    Revenue

    $296,722

    Organization Details

    Founding Year

    1984

    Principal Officer

    Steve Payne

    Main Address

    1001 TOUHY AVE 50, DES PLAINES, IL, 60018

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Senior Housing 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.