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Tacoma Teachers' Home Association

Tahoma Terrace

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

EIN: 916051171 ✦ Tacoma, WA ✦ Designated as a 501(c)(3)

Overview

What is Tacoma Teachers' Home Association?

The Tacoma Teachers' Home Association, operating under the name Tahoma Terrace, is a nonprofit organization situated in Tacoma, Washington. With an address at 2602 S Union Ave, their primary mission is to provide affordable housing for elderly individuals residing within the greater Tacoma area. To accomplish this, they offer dining room facilities for the 151 units that they manage under Section 223(F) of the National Housing Act. This commitment to affordable housing for the elderly is a vital service that positively impacts their local community.


Is Tacoma Teachers' Home Association legitimate?

Tacoma Teachers' Home Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacoma Teachers' Home Association 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: $466,526

For more financial information, click here


What is the mission statement of Tacoma Teachers' Home Association?
Who is the CEO of Tacoma Teachers' Home Association?
What is the revenue of Tacoma Teachers' Home Association?
Who are the executives of Tacoma Teachers' Home Association and what are their salaries?
Where can I find the form 990 for Tacoma Teachers' Home Association?

Mission Statement of Tacoma Teachers' Home Association

Tacoma Teachers' Home Association is a nonprofit organization committed to providing affordable housing for elderly individuals residing within the greater Tacoma area. Its primary mission revolves around offering suitable living quarters for this demographic, ensuring they can maintain a dignified lifestyle with ease. The association accomplishes this by providing dining room facilities for the 151 units it manages under Section 223(F) of the National Housing Act. This not only ensures the elderly residents have access to communal dining but also fosters a sense of community among them. By offering affordable housing solutions, Tacoma Teachers' Home Association plays a crucial role in enhancing the quality of life for its elderly residents, allowing them to age gracefully and securely.

Impact

This information is meant to be a general summary of Tacoma Teachers' Home Association. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Tacoma Teachers' Home Association's impact lies in providing affordable housing for elderly individuals within the greater Tacoma area. By offering 151 units rented under Section 223(f) of the National Housing Act and providing dining room facilities, the association plays a crucial role in ensuring that elderly residents have access to safe and affordable housing options. This contributes to the well-being and quality of life for seniors in the community, fulfilling a fundamental need and supporting their overall health and comfort.





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: $5,639
  • Program Service Revenue: $1,813,002
  • Gross Receipts: $1,833,311

    • Assets and Liabilities:
  • Total Assets: $1,590,296
  • Total Liabilities: $2,869,384
  • Net Assets: -$1,279,088
  • Programs

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

    APARTMENT RENTALS

    Revenue

    $1,180,928

    DINING ROOM MEALS

    Revenue

    $632,074

    Organization Details

    Founding Year

    1951

    Principal Officer

    Marvin Shain

    Main Address

    2602 S UNION AVE, TACOMA, WA, 98405

    NTEE Category

    Code: K34Z - Food

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