Overview
What is Hermon Elderly Project?
The Hermon Elderly Project, with its operational base at 4 Union Plaza Box 9, Bangor, Maine 04401, is a dedicated nonprofit organization. Its primary mission is to provide subsidized and affordable housing units to the elderly and economically disadvantaged individuals residing in the greater Bangor, Maine area. Through their efforts, they have successfully established 24 units of low-income elderly housing, contributing significantly to the local community. The organization operates under the name "Boulier Place Apartments," reflecting its commitment to providing a comfortable living space for its residents.
Is Hermon Elderly Project legitimate?
Hermon Elderly Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermon Elderly Project 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 Hermon Elderly Project?
The Hermon Elderly Project's mission is centered around providing affordable housing options. Specifically, it aims to offer subsidized and low-cost housing units to the elderly and those in need, within a broader community. This initiative has successfully provided 24 such housing units in the Greater Bangor, Maine area, ensuring that a significant number of elderly and low-income individuals have access to suitable housing.
What is the revenue of Hermon Elderly Project?
Hermon Elderly Project's revenue in 2023 was $167,890.
Who are the executives of Hermon Elderly Project and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Hermon Elderly Project?
Hermon Elderly Project's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hermon Elderly Project
The Hermon Elderly Project is committed to providing subsidized and low-cost housing units for the elderly and those living in poverty within their community. This nonprofit organization's mission is to make a significant impact in the lives of its residents by offering affordable housing options, thereby contributing to their well-being and quality of life. By providing 24 units of such housing in the greater Bangor, Maine area, the Hermon Elderly Project has demonstrated its dedication to addressing the housing needs of the elderly and poor population within its reach.
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Impact
October, 2024
The Hermon Elderly Project significantly impacts the community by providing 24 units of low-income housing specifically designed for elderly residents in the Greater Bangor, Maine area. By offering subsidized and affordable housing options, it alleviates financial burdens for seniors and low-income individuals, ensuring they have a safe and stable living environment. This project plays a critical role in enhancing the quality of life for its residents, fostering a sense of community, and addressing the urgent need for affordable housing among vulnerable populations in the region. Through its commitment to supporting the elderly and low-income demographics, the Hermon Elderly Project contributes to the overall well-being and social stability of the community.
This information is meant to be a general summary of Hermon Elderly Project. 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 2023.
- Investment Income: $79
- Program Service Revenue: $165,367
- Gross Receipts: $167,890
Assets and Liabilities:
- Total Assets: $840,778
- Total Liabilities: $1,151,032
- Net Assets: -$310,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$165,367
Organization Details
Founding Year
1983
Principal Officer
Danny Cliff
NTEE Category
Code: P81Z - Human services
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