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Sasco Creek Development Corporation

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

EIN: 463843748 ✦ Westport, CT ✦ Designated as a 501(c)(3)

Overview

What is Sasco Creek Development Corporation?

Sasco Creek Development Corporation is a nonprofit organization situated in Westport, Connecticut, with a primary focus on providing affordable housing. They specialize in low-income, elderly, and disabled housing, as demonstrated by their renovation and operation of Canal Park Apartments, a 50-unit complex located in Westport. The corporation's mission extends beyond this, aiming to develop, redevelop, manage, finance, sponsor, invest in, own, operate, and expand various kinds of affordable housing developments in and around Fairfield County, Connecticut. Their purpose is to contribute to the availability of low- and moderate-income, disabled, elderly, mixed-income, and mixed-use affordable housing developments.


Official website here: www.westportha.org

Is Sasco Creek Development Corporation legitimate?

Sasco Creek Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sasco Creek Development Corporation 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: $110,912

For more financial information, click here


Official website here: www.westportha.org

What is the mission statement of Sasco Creek Development Corporation?

Sasco Creek Development Corporation's mission is centered around developing, redeveloping, managing, financing, and sponsoring affordable housing projects. This includes low and moderate income, disabled, elderly, mixed-income, and mixed-use developments. The corporation aims to expand the availability of such housing developments to better serve various demographics. While the detailed description of their mission is not provided, it is clear that their purpose is to contribute to housing affordability in the community. Specifically, Sasco Creek Development Corporation has undertaken the renovation and operation of Canal Park Apartments, a 50-unit complex located in Westport, Connecticut. This project provides affordable housing for low-income elderly and disabled individuals. This initiative aligns with the corporation's mission to promote affordable housing options for diverse populations.


Official website here: www.westportha.org

Who is the CEO of Sasco Creek Development Corporation?

Carol Martin is the President of Sasco Creek Development Corporation.


Official website here: www.westportha.org

What is the revenue of Sasco Creek Development Corporation?

Sasco Creek Development Corporation's revenue in 2022 was $1,164,196.


Official website here: www.westportha.org

Who are the executives of Sasco Creek Development Corporation and what are their salaries?

Here are 4 key members and their salaries:

    Carol Martin (Executive Director)
  • Compensation: $0
  • Related: $138,438
  • Other: $0

    • David A Newberg (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathryn Knapp (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.westportha.org

    Where can I find the form 990 for Sasco Creek Development Corporation?

    The Sasco Creek Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.westportha.org

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

    Mission Statement of Sasco Creek Development Corporation

    Sasco Creek Development Corporation is an organization committed to developing, redeveloping, managing, financing, sponsoring, investing in, owning, operating, and expanding the availability of affordable housing developments. Their mission encompasses low and moderate income, disabled, elderly, mixed-income, and mixed-use housing developments, aiming to cater to a diverse range of individuals and communities. By undertaking such projects, Sasco Creek Development Corporation contributes to making affordable housing more accessible, thereby addressing housing needs within Fairfield County, Connecticut.

    One of the initiatives undertaken by Sasco Creek Development Corporation is the renovation and operation of Canal Park Apartments, a 50-unit apartment complex located in Westport, Connecticut. This development provides affordable housing for low-income, elderly, and disabled individuals, thereby demonstrating the organization's commitment to ensuring that everyone has a decent place to live, regardless of their financial situation or specific needs. In this way, Sasco Creek Development Corporation is making a significant contribution to the community by addressing housing inequality and promoting social inclusion.

    Impact

    This information is meant to be a general summary of Sasco Creek Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Sasco Creek Development Corporation's impact is primarily focused on renovating and operating Canal Park Apartments, a 50-unit apartment complex in Westport, Connecticut. This initiative provides low-income, elderly, and disabled individuals with affordable housing options. The corporation's mission is to develop, manage, finance, and expand the availability of affordable housing developments in and around Fairfield County, Connecticut, catering to different income levels and demographics. By offering housing opportunities to those in need, Sasco Creek Development Corporation positively contributes to the community's overall well-being and addresses critical housing challenges faced by vulnerable populations.





    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: $46,954
  • Program Service Revenue: $237,427
  • Gross Receipts: $4,334,692

    • Assets and Liabilities:
  • Total Assets: $17,898,311
  • Total Liabilities: $7,661,229
  • Net Assets: $10,237,082
  • Programs

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

    RENTAL REVENUE

    Revenue

    $168,393

    OTHER REVENUE

    Revenue

    $69,034

    Organization Details

    Founding Year

    2012

    Principal Officer

    Carol Martin

    Main Address

    5 CANAL STREET, WESTPORT, CT, 06880

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Sasco Creek Development Corporation 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.