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Auburn Residential Development Corp

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

EIN: 010439009 ✦ Auburn, ME ✦ Designated as a 501(c)(3)

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Overview

What is Auburn Residential Development Corp?

Auburn Residential Development Corp is a nonprofit organization based in Auburn, Maine. Their primary objective is to provide affordable housing for low-income individuals, elderly people, and disabled persons, as well as families. Through their rental program, they offer subsidized housing, aiming to make housing more accessible for those who might struggle financially. Their mission is deeply rooted in the belief that everyone deserves a safe and comfortable living space, regardless of their financial situation.

Is Auburn Residential Development Corp legitimate?

Auburn Residential Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auburn Residential Development Corp 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Auburn Residential Development Corp?

Auburn Residential Development Corp's mission is centered around providing housing solutions. Specifically, they aim to accommodate low-income individuals, the elderly, and disabled persons, as well as families who require such assistance. This mission is carried out through a rental program that offers subsidized housing to eligible tenants, ensuring affordable living options for those in need. The corporation's primary goal is to contribute to a more inclusive housing landscape, making it possible for these vulnerable groups to maintain a stable living environment.

Who is the CEO of Auburn Residential Development Corp?

Martin Szydlowski is the Vice President of Auburn Residential Development Corp.

What is the revenue of Auburn Residential Development Corp?

Auburn Residential Development Corp's revenue in 2023 was $226,934.

Who are the executives of Auburn Residential Development Corp and what are their salaries?


Here are 7 key members and their salaries:


Celia Mcguckian (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Wing (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Szydlowski (Secretary/Treasurer)
  • Compensation: $0
  • Related: $136,216
  • Other: $0
Nicholas Gagnon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Kimble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Spofford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Thurston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Auburn Residential Development Corp?

Auburn Residential Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Auburn Residential Development Corp

Auburn Residential Development Corp, as a nonprofit organization, is dedicated to providing housing solutions for individuals and families who fall under the categories of low-income, elderly, and disabled. Their primary mission is to offer subsidized housing, ensuring that these vulnerable groups have a secure place to live. Through their rental program, Auburn Residential Development Corp plays a crucial role in alleviating housing insecurity and contributing to the well-being of these individuals and families. The organization's commitment to providing affordable housing is a testament to its dedication to social justice and equality, ensuring that everyone has access to a basic necessity, regardless of their financial circumstances.

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Impact




October, 2024

Auburn Residential Development Corp significantly impacts the community by addressing the critical need for affordable housing for low-income individuals, elderly, disabled persons, and families. Through its rental program, it provides subsidized housing, making it accessible for households that might otherwise struggle to find suitable accommodations. Located in Auburn, Maine, this organization plays a vital role in enhancing the quality of life for vulnerable populations by ensuring they have a safe, stable, and supportive living environment. The availability of such housing options not only helps to alleviate financial burdens but also fosters a sense of community and belonging among residents, contributing to overall social well-being.




This information is meant to be a general summary of Auburn Residential Development Corp. 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.

Revenue
$226,934 (2023)
Expenses
$86,899 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $120,558
  • Program Service Revenue: $106,376
  • Gross Receipts: $396,641

Assets and Liabilities:

  • Total Assets: $7,195,553
  • Total Liabilities: $15,527
  • Net Assets: $7,180,026

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Programs

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

TENANT RENT

Revenue

$105,564

LAUNDRY REVENUE/MISCEL

Revenue

$812

Organization Details

Founding Year

1987

Principal Officer

Martin Szydlowski

Main Address

PO BOX 3037, AUBURN, ME, 04210

NTEE Category

Code: L20Z - Housing

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