Overview
What is Island Falls Housing Corporation?
Island Falls Housing Corporation is a nonprofit organization dedicated to addressing the housing needs of senior citizens with limited income. Based in Caribou, Maine, they actively engage in developing, constructing, and managing affordable housing units specifically designed for this demographic. With a current offering of 23 units, their mission is to provide a suitable living environment for seniors who require financial assistance. Their primary focus lies in delivering affordable housing solutions for those in need.
Is Island Falls Housing Corporation legitimate?
Island Falls Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Island Falls Housing 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.
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What is the mission statement of Island Falls Housing Corporation?
Island Falls Housing Corporation is dedicated to its mission of creating and managing affordable senior housing units. The corporation's primary goal is to cater to the housing needs of senior citizens who are financially disadvantaged. Located in an unspecified area, they offer 23 units of such housing. The organization's mission is centered around providing a living space that is within the financial reach of elderly individuals who require assistance. They develop, construct, and manage these housing programs to ensure that seniors in need have a place to call home.
Who is the CEO of Island Falls Housing Corporation?
Shawn Pelletier is the Director of Island Falls Housing Corporation.
What is the revenue of Island Falls Housing Corporation?
Island Falls Housing Corporation's revenue in 2022 was $290,238.
Who are the executives of Island Falls Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Island Falls Housing Corporation?
Island Falls Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Island Falls Housing Corporation
Island Falls Housing Corporation is dedicated to addressing the housing needs of senior citizens living in low-income situations. Their mission is twofold, encompassing both the development and management of affordable housing programs specifically tailored for this demographic. The organization's primary objective is to provide a suitable living environment for seniors who find themselves in financial distress. In pursuit of this mission, Island Falls Housing Corporation has established 23 units of low-income senior housing in the Caribou, ME area. By offering this service, they aim to contribute positively to the lives of seniors in need, ensuring they can live with dignity and autonomy.
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Impact
October, 2024
Island Falls Housing Corporation significantly impacts the Caribou, ME community by providing essential low-income housing specifically designed for seniors. By developing, constructing, and managing 23 units of affordable senior housing, they address a critical need for accessible living arrangements for older adults facing financial challenges. This initiative not only enhances the quality of life for residents but also fosters a sense of community and support among seniors. Through their commitment to affordable housing, Island Falls Housing Corporation plays a vital role in ensuring that elderly individuals can live with dignity and security in their later years.
This information is meant to be a general summary of Island Falls Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $64
- Program Service Revenue: $290,174
- Gross Receipts: $290,238
Assets and Liabilities:
- Total Assets: $453,782
- Total Liabilities: $209,943
- Net Assets: $243,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT ASSISTANCE
Revenue
$139,008
RENT INCOME
Revenue
$133,229
INTEREST SUBSIDY
Revenue
$17,497
OTHER
Revenue
$440
Organization Details
Founding Year
1980
Phone
(207) 498-8332Principal Officer
Shawn Pelletier
Main Address
137 BENNETT DRIVE SUITE 2, CARIBOU, ME, 04736
NTEE Category
Code: L20 - Housing
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