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Caribe Towers Inc

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

EIN: 752987568 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Caribe Towers Inc?

Caribe Towers Inc is a nonprofit organization dedicated to providing affordable housing for the elderly. Established and granted tax-exempt status by the Internal Revenue Service, Caribe Towers offers 57 units of low-income housing to cater to this specific demographic. The organization's mission is centralized around this housing program, which aims to improve living conditions and provide a secure environment for the elderly population.


Official website here: www.hacecdc.org

Is Caribe Towers Inc legitimate?

Caribe Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caribe 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: $142,619

For more financial information, click here


Official website here: www.hacecdc.org

What is the mission statement of Caribe Towers Inc?

Caribe Towers Inc is committed to providing low-income housing for the elderly. This mission was recognized and supported by the Internal Revenue Service, leading to the organization's establishment and tax-exempt status. The organization operates 57 units of housing, dedicated to serving this specific demographic. By offering affordable housing, Caribe Towers Inc contributes to the well-being of elderly individuals, providing them with a secure living environment.


Official website here: www.hacecdc.org

Who is the CEO of Caribe Towers Inc?

David Gonzalez is the Property Man of Caribe Towers Inc.


Official website here: www.hacecdc.org

What is the revenue of Caribe Towers Inc?

Caribe Towers Inc's revenue in 2022 was $582,702.


Official website here: www.hacecdc.org

Who are the executives of Caribe Towers Inc and what are their salaries?

Here are 3 key members and their salaries:

    David Gonzalez (Property Man)
  • Compensation: $0
  • Related: $158,086
  • Other: $0

    • Lynette M Santiago Lorenaze Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miguel Garcia (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hacecdc.org

    Where can I find the form 990 for Caribe Towers Inc?

    The Caribe Towers Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hacecdc.org

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

    Mission Statement of Caribe Towers Inc

    Caribe Towers Inc, a nonprofit organization, is dedicated to providing low-income housing for the elderly. Established with a mission in mind, Caribe Towers has been granted tax-exempt status by the Internal Revenue Service. This mission is fulfilled through the operation of 57 residential units, specifically designed for the elderly population. The organization's primary focus is to offer affordable housing solutions, thereby contributing to the well-being and comfort of this vulnerable group. Caribe Towers Inc plays a significant role in addressing the housing needs of the elderly, thereby providing them with a secure and suitable living environment.

    Impact

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




    Wednesday, July 24, 2024

    Caribe Towers Inc's impact lies in providing much-needed low-income housing for the elderly in Philadelphia, PA. By offering 57 units specifically designed for this demographic, Caribe Towers directly addresses the pressing issue of housing affordability for senior citizens. This enables elderly individuals with limited financial resources to have a safe and comfortable place to call home, enhancing their quality of life and overall well-being. In essence, Caribe Towers Inc plays a crucial role in supporting the elderly community by ensuring access to affordable housing, thereby fulfilling its mission and contributing positively to the social fabric of Philadelphia.





    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: $447
  • Program Service Revenue: $563,227
  • Gross Receipts: $582,702

    • Assets and Liabilities:
  • Total Assets: $6,221,786
  • Total Liabilities: $8,845,472
  • Net Assets: -$2,623,686
  • Programs

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

    RENTAL INCOME

    Revenue

    $563,227

    Organization Details

    Founding Year

    2001

    Principal Officer

    David Gonzalez

    Main Address

    167 WEST ALLEGHENY AVENUE, PHILADELPHIA, PA, 19140

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Caribe 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.