Overview
What is Congregational Retirement Homes Inc?
Congregational Retirement Homes Inc is a nonprofit organization situated in Melrose, Massachusetts, specifically at 200 Foster Street. Their primary focus is on providing low to middle-income retirement housing, adhering to the HUD 202/Section 8 housing programs. All their financial expenditures are solely dedicated to the operation and management of this retirement home, ensuring the comfort and well-being of its residents.
Is Congregational Retirement Homes Inc legitimate?
Congregational Retirement Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Congregational Retirement Homes Inc 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 Congregational Retirement Homes Inc?
Congregational Retirement Homes Inc is dedicated to operating and managing a retirement home for individuals with moderate to low income, under the HUD 202/Section 8 Housing programs. All expenses incurred by the corporation are solely for the operation and management of this retirement home, providing a living space for its residents. The corporation's primary focus is on ensuring the smooth and efficient running of the retirement home, aimed at providing a suitable living environment for its residents.
Who is the CEO of Congregational Retirement Homes Inc?
Paul Perkins is the President & Chariman Of Bo of Congregational Retirement Homes Inc.
What is the revenue of Congregational Retirement Homes Inc?
Congregational Retirement Homes Inc's revenue in 2023 was $2,263,762.
Who are the executives of Congregational Retirement Homes Inc 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 Congregational Retirement Homes Inc?
Congregational Retirement Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Congregational Retirement Homes Inc
Congregational Retirement Homes Inc is dedicated to serving the needs of low to middle-income retirees. Operating under the HUD 202/Section 8 housing programs, this nonprofit organization incurs all expenses solely for the operation and management of its retirement home. The mission of Congregational Retirement Homes Inc is to provide a comfortable and secure living environment for its residents, ensuring that all necessary expenses are covered to maintain the facility's operation and daily functions. The corporation's primary focus is on supporting the elderly population, ensuring they have access to a suitable living situation that fits their income level.
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Impact
October, 2024
Congregational Retirement Homes Inc significantly impacts the community by providing accessible housing solutions for low to middle-income seniors through the HUD 202/Section 8 housing programs. By focusing on this demographic, the organization addresses a critical need for affordable retirement living options, ensuring that elderly residents can maintain their independence while receiving the necessary support and services.
The management and operation of this retirement home create a safe and nurturing environment, promoting quality of life for its residents. With a mission dedicated solely to the well-being of these individuals, Congregational Retirement Homes Inc plays a vital role in fostering community connections, enhancing social engagement, and providing essential resources that allow seniors to live with dignity and comfort in their later years.
This information is meant to be a general summary of Congregational Retirement Homes Inc. 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: $28,476
- Program Service Revenue: $2,235,286
- Gross Receipts: $2,263,762
Assets and Liabilities:
- Total Assets: $6,210,851
- Total Liabilities: $172,445
- Net Assets: $6,038,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$1,664,729
RENTAL REVENUE
Revenue
$566,271
LAUNDRY AND VENDING
Revenue
$4,286
Organization Details
Founding Year
1966
Phone
(781) 665-6334Principal Officer
Paul Perkins
Main Address
200 FOSTER STREET, MELROSE, MA, 02176
NTEE Category
Code: L21Z - Housing
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