St Mary Towers Inc

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

EIN: 592779192 ✦ Lauderdale lakes, FL ✦ Designated as a 501(c)(3)

Overview

What is St Mary Towers Inc?

St. Mary Towers Inc. is a nonprofit organization, specifically a HUD project, situated beyond the scope of the provided information. Their primary mission revolves around offering affordable housing for the elderly and individuals with disabilities. Under the HUD project, they provide a collection of rental units meticulously tailored to cater to the unique needs of this demographic. This crucial service aims to enhance the living conditions for these individuals, thereby contributing to a more inclusive and supportive community.


Is St Mary Towers Inc legitimate?

St Mary Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary Towers 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: $152,145

For more financial information, click here


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

Mission Statement of St Mary Towers Inc

St. Mary Towers Inc, as a HUD-funded project, is dedicated to providing low-income housing for the elderly and handicapped community. Its mission is to offer rental units that cater specifically to this demographic, ensuring they have a secure and comfortable living space. By doing so, St. Mary Towers Inc contributes to enhancing the quality of life for this vulnerable population, offering them the support they need to maintain their independence and dignity.

Impact

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




Saturday, July 20, 2024

St Mary Towers Inc's impact can be seen in its provision of affordable housing for low-income elderly individuals in Lauderdale Lakes, FL. By offering rental units tailored to accommodate handicapped and elderly residents, St Mary Towers Inc plays a crucial role in addressing the housing needs of this vulnerable population. Their mission to provide affordable housing options that cater to specific needs demonstrates a commitment to enhancing the quality of life for elderly individuals in the community. Through their efforts, St Mary Towers Inc contributes to promoting housing stability and improving the well-being of low-income elderly residents in the area.





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: $1,059
  • Program Service Revenue: $1,311,159
  • Gross Receipts: $1,312,218

    • Assets and Liabilities:
  • Total Assets: $2,161,072
  • Total Liabilities: $3,503,868
  • Net Assets: -$1,342,796
  • Programs

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

    TENANT ASSISTANCE PAYM

    Revenue

    $1,038,203

    RENTAL INCOME, NET

    Revenue

    $268,113

    COIN LAUNDRY AND VENDI

    Revenue

    $4,614

    TENANT CHARGES

    Revenue

    $229

    Organization Details

    Founding Year

    1990

    Principal Officer

    Rev Marcos Somarriba

    Main Address

    4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319

    NTEE Category

    Code: L22 - Housing

    If you are a representative of St Mary Towers 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.