Overview
What is Chelsea Restoration?
Chelsea Restoration, established in 1977 as a Massachusetts-based nonprofit organization, is dedicated to strengthening its community by offering various support services. The organization specializes in homebuyer education, pre-purchase counseling, and down payment assistance, aiming to promote community revitalization. Their programs range from conducting workshops to providing mortgage and housing rehabilitation assistance. Additionally, they manage properties and offer receivership services. With a team of four dedicated individuals, Chelsea Restoration strives to empower and guide individuals in their homeownership journey, contributing to the overall improvement of their community.
Official website here: www.chelsearestoration.org
Is Chelsea Restoration legitimate?
Chelsea Restoration is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chelsea Restoration 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: $147,686
Professional Fundraising Fees: $36,075
Other Salaries and Wages: $72,945
For more financial information, click here
Official website here: www.chelsearestoration.org
What is the mission statement of Chelsea Restoration?
Chelsea Restoration, established in 1977 as a Massachusetts nonprofit organization, is dedicated to supporting community revitalization. The organization provides various services, including homebuyer education, pre-purchase counseling, and down payment assistance, with the primary aim of assisting individuals in their housing endeavors. Through workshops, mortgage and housing rehabilitation assistance, property receivership and management, Chelsea Restoration aims to contribute positively to community development and improve homeownership opportunities.
Official website here: www.chelsearestoration.org
Who is the CEO of Chelsea Restoration?
Marilyn Garcia is the Executive Director of Chelsea Restoration.
Official website here: www.chelsearestoration.org
What is the revenue of Chelsea Restoration?
Chelsea Restoration's revenue in 2022 was $286,732.
Official website here: www.chelsearestoration.org
Who are the executives of Chelsea Restoration and what are their salaries?
The average compensation at Chelsea Restoration during 2022 was $55,158. There are 4 employees at Chelsea Restoration.
Here are 8 key members and their salaries:
- Compensation: $82,686
- Related: $0
- Other: $0
- Compensation: $65,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chelsearestoration.org
Where can I find the form 990 for Chelsea Restoration?
Chelsea Restoration's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chelsearestoration.org
Learn more at the official website: www.chelsearestoration.org
Mission Statement of Chelsea Restoration
Chelsea Restoration, established as a Massachusetts nonprofit organization in 1977, is committed to fostering community revitalization. The organization provides a variety of support services, primarily focusing on homebuyer education, pre-purchase counseling, and down payment assistance. By offering workshops and providing financial assistance, Chelsea Restoration aims to empower individuals in their journey towards homeownership, thereby contributing to the overall improvement of their communities. Additionally, the organization offers mortgage and housing rehabilitation assistance, as well as manages properties in receivership, thereby playing a significant role in the local real estate landscape.
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Impact
October, 2024
Chelsea Restoration has a significant impact on the community by enhancing housing opportunities and promoting stability for residents in Chelsea, MA. Established in 1977, the organization plays a crucial role in community revitalization through a variety of supportive services.
Its programs include workshops aimed at educating potential homebuyers, offering pre-purchase counseling to guide individuals through the complexities of the housing market, and providing down payment assistance to make homeownership more accessible. Additionally, Chelsea Restoration facilitates mortgage and housing rehabilitation assistance, which directly benefits current homeowners looking to improve their properties and living conditions.
Furthermore, the organization engages in property receivership and management, ensuring that neglected properties are rehabilitated and brought back into the community for productive use. By addressing both the educational and financial barriers to homeownership, Chelsea Restoration significantly contributes to the overall improvement of the housing landscape in Chelsea, fostering a sense of community and stability for its residents.
This information is meant to be a general summary of Chelsea Restoration. 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: $2,177
- Program Service Revenue: $66,871
- Gross Receipts: $286,732
Assets and Liabilities:
- Total Assets: $2,019,582
- Total Liabilities: $998,229
- Net Assets: $1,021,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Get the Lead Out Progra
Revenue
$12,000
Workshops & Training
Revenue
$9,487
Rental and Mort Subsidy
Revenue
$45,384
Organization Details
Founding Year
1977
Principal Officer
Marilyn Garcia
Main Address
154 PEARL STREET, Chelsea, MA, 02150
Website
www.chelsearestoration.orgNTEE Category
Code: L25Z - Housing
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