Overview
What is Gill Terrace Retirement Apartments?
Gill Terrace Retirement Apartments is a nonprofit organization situated in South Burlington, Vermont, with a specific focus on serving the elderly community. Their primary mission is to offer appropriate and respectable housing for the elderly, ensuring the upkeep and maintenance of a 24-unit apartment building. Their intention is to provide a comfortable living environment for the elderly, ensuring their needs are met and their quality of life is enhanced.
Is Gill Terrace Retirement Apartments legitimate?
Gill Terrace Retirement Apartments is a legitimate nonprofit organization registered as a 501(c)(8) entity. Gill Terrace Retirement Apartments 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:
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What is the mission statement of Gill Terrace Retirement Apartments?
Gill Terrace Retirement Apartments aims to offer and maintain suitable living accommodations for the elderly. Their mission is centered around providing adequate and respectable housing for this demographic. Specifically, they oversee a 24-unit apartment building, ensuring its upkeep and maintenance to cater to the elderly residents. Their purpose is to create an environment that supports the elderly, providing them with a decent place to reside.
What is the revenue of Gill Terrace Retirement Apartments?
Gill Terrace Retirement Apartments's revenue in 2023 was $492,505.
Who are the executives of Gill Terrace Retirement Apartments and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Gill Terrace Retirement Apartments?
Gill Terrace Retirement Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gill Terrace Retirement Apartments
Gill Terrace Retirement Apartments is committed to providing and maintaining suitable living accommodations for the elderly population. Their mission, in essence, is to offer worthy housing that caters to the needs of the elderly, ensuring a 24-unit apartment building is well-maintained and adequately equipped for its residents.
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Impact
October, 2024
Gill Terrace Retirement Apartments significantly contributes to the well-being of the elderly community in South Burlington, Vermont. By offering accessible and dignified housing, it fosters a supportive living environment for seniors, allowing them to maintain independence while ensuring their safety and comfort. The facility encompasses a 24-unit apartment building, meticulously maintained to provide residents with a secure and welcoming home.
The impact extends beyond mere accommodation; it cultivates a vibrant community where social connections can thrive among residents. By prioritizing quality upkeep and maintenance, Gill Terrace helps create a sense of stability and fosters an atmosphere where seniors can engage in meaningful interactions. This nurturing environment is essential for promoting both mental and emotional well-being, ultimately enhancing the quality of life for all residents.
This information is meant to be a general summary of Gill Terrace Retirement Apartments. 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: $55,758
- Program Service Revenue: $133,058
- Gross Receipts: $2,183,138
Assets and Liabilities:
- Total Assets: $3,165,398
- Total Liabilities: $21,109
- Net Assets: $3,144,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$782
MISCELLANEOUS
Revenue
$1,615
RENT INCOME - TENANTS
Revenue
$130,661
Organization Details
Founding Year
1977
NTEE Category
Code: Y40 - Mutual benefit
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