Overview
What is Bowdoin Apartments Corporation C/O Kelliher & Callaghan?
Bowdoin Apartments Corporation C/O Kelliher & Callaghan is a nonprofit organization based in Malden, Massachusetts, with a US address at ONE CENTRE ST. The primary mission of this organization is to support affordable housing by providing below-market rate loans and grants to eligible 501(c) organizations. Furthermore, they offer technical assistance during the due diligence process to help these organizations secure funding for affordable housing projects. As of September 30, 2022, their loan portfolio balance stood at $1,183,000, and they have also granted funds to 21 other 501(c) organizations with similar programs.
Is Bowdoin Apartments Corporation C/O Kelliher & Callaghan legitimate?
Bowdoin Apartments Corporation C/O Kelliher & Callaghan is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bowdoin Apartments Corporation C/O Kelliher & Callaghan 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: $26,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bowdoin Apartments Corporation C/O Kelliher & Callaghan?
Bowdoin Apartments Corporation, in collaboration with Kelliher & Callaghan, is committed to supporting affordable housing. They achieve this by providing below market rate loans and grants to 501(c) organizations. Furthermore, they offer technical assistance during the due diligence process, aiding these organizations in their mission of providing affordable housing. The organization's loan portfolio as of September 30, 2022, stood at $1,183,000. In addition, they have granted funds to 21 other 501(c)(3) organizations that share a similar focus on affordable housing.
Who is the CEO of Bowdoin Apartments Corporation C/O Kelliher & Callaghan?
James C Miller is the President/Director of Bowdoin Apartments Corporation C/O Kelliher & Callaghan.
What is the revenue of Bowdoin Apartments Corporation C/O Kelliher & Callaghan?
Bowdoin Apartments Corporation C/O Kelliher & Callaghan's revenue in 2022 was $722,395.
Who are the executives of Bowdoin Apartments Corporation C/O Kelliher & Callaghan and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
Where can I find the form 990 for Bowdoin Apartments Corporation C/O Kelliher & Callaghan?
Bowdoin Apartments Corporation C/O Kelliher & Callaghan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bowdoin Apartments Corporation C/O Kelliher & Callaghan
Bowdoin Apartments Corporation C/O Kelliher & Callaghan is committed to supporting affordable housing. They accomplish this by providing below market rate loans and grants, as well as facilitating technical assistance through the due diligence process. This support is extended to 501(c) organizations with similar missions. The organization's loan portfolio balance, as of September 30, 2022, was $1,183,000. Moreover, Bowdoin Apartments Corporation C/O Kelliher & Callaghan has shown its commitment to this cause by making 21 grants to other 501(c)(3) organizations with similar programs. These grants further boost the organization's efforts in promoting affordable housing. By providing financial aid and technical assistance, Bowdoin Apartments Corporation C/O Kelliher & Callaghan is making a significant contribution to ensuring that affordable housing remains accessible for those in need.
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Impact
October, 2024
Bowdoin Apartments Corporation C/O Kelliher & Callaghan significantly impacts the community by providing essential support for affordable housing initiatives. Through below-market rate loans and grants, the organization enables the development of residential spaces that are accessible to individuals and families with limited financial means. Their loan portfolio, valued at $1,183,000 as of September 30, 2022, reflects a robust commitment to fostering affordable housing options within Malden, MA.
Additionally, the organization actively engages in facilitating technical assistance during the due diligence process for other organizations, enhancing their capacity to execute similar housing projects. In the past year, Bowdoin Apartments Corporation issued 21 grants to various 501(c)(3) organizations that share their mission of promoting affordable housing. This collaborative approach not only strengthens the support network for affordable housing but also amplifies the broader impact on community well-being and stability.
This information is meant to be a general summary of Bowdoin Apartments Corporation C/O Kelliher & Callaghan. 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: $714,615
- Program Service Revenue: $7,780
- Gross Receipts: $3,578,495
Assets and Liabilities:
- Total Assets: $11,276,770
- Total Liabilities: $1,075,102
- Net Assets: $10,201,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST EARNED ON LOANS
Revenue
$7,780
Organization Details
Founding Year
1963
Phone
(781) 322-9090Principal Officer
James C Miller
Main Address
ONE CENTRE ST, MALDEN, MA, 02148
NTEE Category
Code: L21 - Housing
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