nonprofit logo

Town Center Apartments Inc

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

EIN: 521068302 ✦ Kensington, MD ✦ Designated as a 501(c)(3)

Overview

What is Town Center Apartments Inc?

Town Center Apartments Inc is a nonprofit organization situated in Kensington, Maryland. Their primary focus is on providing affordable housing, specifically managing a 112-unit residential complex, catering to low-income families. The organization's mission is centered around offering suitable living spaces for this demographic, contributing positively to the community.


Is Town Center Apartments Inc legitimate?

Town Center Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Center Apartments 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: $216,942

For more financial information, click here


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

Mission Statement of Town Center Apartments Inc

Town Center Apartments Inc, as a corporation, is dedicated to providing housing for families with low income. The organization's mission is carried out through the operation of a 112-unit residential complex, catering to low-income residents. This complex serves as a vital living space for these families, offering them a secure and affordable place to call home. By providing housing for low-income families, Town Center Apartments Inc contributes to the well-being and stability of these individuals, allowing them to focus on other essential aspects of their lives.

Impact

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




Saturday, July 20, 2024

Town Center Apartments Inc's impact lies in providing essential housing assistance to low-income families in Kensington, Maryland. By operating a complex of 112 residential rental units specifically designed for low-income residents, the organization directly addresses the pressing challenge of affordable housing in the community. Through their mission, Town Center Apartments Inc plays a vital role in ensuring that low-income families have access to safe and stable housing, ultimately contributing to the overall well-being and quality of life for these individuals and the community as a whole.





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: $8
  • Program Service Revenue: $245,626
  • Gross Receipts: $1,003,391

    • Assets and Liabilities:
  • Total Assets: $1,693,394
  • Total Liabilities: $486,764
  • Net Assets: $1,206,630
  • Programs

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

    RENT AND RELATED SERVICES

    Revenue

    $245,626

    Organization Details

    Founding Year

    1976

    Principal Officer

    Chelsea Andrews

    Main Address

    10400 DETRICK AVENUE, KENSINGTON, MD, 20895

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Town Center Apartments 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.