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Germantown Home Section 202 Corporation

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

EIN: 752976363 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Germantown Home Section 202 Corporation?

Germantown Home Section 202 Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania, specializing in senior housing and retirement homes. Their primary mission, as outlined by the U.S. Department of Housing and Urban Development (HUD), is to provide suitable living accommodations for the elderly, under the HUD Section 202 program. This initiative aims to offer elderly residents a secure and comfortable living environment, catering to their unique needs. The corporation's work is dedicated to enhancing the quality of life for older adults in Philadelphia, PA.


Official website here: www.newcourtland.org

Is Germantown Home Section 202 Corporation legitimate?

Germantown Home Section 202 Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Germantown Home Section 202 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: $104,641

For more financial information, click here


Official website here: www.newcourtland.org

What is the mission statement of Germantown Home Section 202 Corporation?

The Germantown Home Section 202 Corporation is dedicated to providing housing for the elderly, as outlined by the U.S. Department of Housing and Urban Development's Section 202 program. Their mission is to offer a suitable living environment for senior citizens, aiming to enhance their quality of life in a supportive and comfortable setting. The corporation strives to meet the unique needs of elderly residents, ensuring their well-being and independence in their later years.


Official website here: www.newcourtland.org

Who is the CEO of Germantown Home Section 202 Corporation?

Michael P Demarco is the Principal Officer of Germantown Home Section 202 Corporation.


Official website here: www.newcourtland.org

What is the revenue of Germantown Home Section 202 Corporation?

Germantown Home Section 202 Corporation's revenue in 2022 was $622,510.


Official website here: www.newcourtland.org

Who are the executives of Germantown Home Section 202 Corporation and what are their salaries?

Here are 8 key members and their salaries:

    Andrew Siebert (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Duffey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Naylor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Max Kent (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Mcgrath (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Funaro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Demarco (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Ungar (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newcourtland.org

    Where can I find the form 990 for Germantown Home Section 202 Corporation?

    The Germantown Home Section 202 Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newcourtland.org

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

    Mission Statement of Germantown Home Section 202 Corporation

    Germantown Home Section 202 Corporation, a retirement home or senior housing program, is dedicated to providing housing for the elderly. Their primary mission, as outlined by HUD Sec. 202, is to offer a living environment that caters to the needs of senior citizens. This mission is geared towards ensuring that elderly individuals have access to comfortable and suitable living arrangements, thereby enhancing their quality of life. The corporation's mission aligns with the goal of providing elderly individuals with a secure and supportive environment, thereby fostering their independence and overall well-being.

    Impact

    This information is meant to be a general summary of Germantown Home Section 202 Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Germantown Home Section 202 Corporation's impact is significant in providing HUD Sec. 202 housing for the elderly in Philadelphia, PA. Through their retirement home and senior housing program, they fulfill their mission of offering a safe and comfortable living environment for the elderly. This organization plays a crucial role in addressing the housing needs of the aging population in the community, ensuring they have access to affordable and appropriate housing options. By focusing on HUD Sec. 202 Housing for the elderly, Germantown Home Section 202 Corporation positively impacts the quality of life for seniors in Philadelphia, supporting their well-being and independence.





    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: $625
  • Program Service Revenue: $620,971
  • Gross Receipts: $622,510

    • Assets and Liabilities:
  • Total Assets: $5,157,981
  • Total Liabilities: $2,164,180
  • Net Assets: $2,993,801
  • Programs

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

    HUD Apartment Subsidy

    Revenue

    $338,317

    Tenant Rent

    Revenue

    $282,654

    Organization Details

    Founding Year

    2001

    Principal Officer

    Michael P Demarco

    Main Address

    6970 Germantown Avenue, Philadelphia, PA, 19119

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Germantown Home Section 202 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.