Overview
What is Charlestown Economic Development Corporation?
The Charlestown Economic Development Corporation is a nonprofit organization situated in Charlestown, Massachusetts, specifically at 20 Devens Street. Their primary mission is to offer HUD-subsidized housing to the elderly residing in Charlestown. To accomplish this goal, they manage a 30-unit complex, providing a living space for the elderly community in the area. This nonprofit organization is dedicated to enhancing the quality of life for the elderly population of Charlestown by offering them a suitable housing solution.
Is Charlestown Economic Development Corporation legitimate?
Charlestown Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Charlestown Economic Development Corporation 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 Charlestown Economic Development Corporation?
The Charlestown Economic Development Corporation's primary mission is to provide suitable housing for the elderly. Specifically, they manage a 30-unit complex to accommodate this demographic. Their activities are centered around offering HUD-subsidized housing, ensuring that elderly residents in the area have access to affordable and comfortable living spaces. By providing this service, the corporation aims to contribute positively to the community's elderly population, enhancing their quality of life.
Who is the CEO of Charlestown Economic Development Corporation?
Thomas Cunha is the President of Charlestown Economic Development Corporation.
What is the revenue of Charlestown Economic Development Corporation?
Charlestown Economic Development Corporation's revenue in 2022 was $1,156,515.
Who are the executives of Charlestown Economic Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Charlestown Economic Development Corporation?
Charlestown Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charlestown Economic Development Corporation
The Charlestown Economic Development Corporation, as stated in its mission, is dedicated to providing housing solutions for the elderly. Specifically, this organization focuses on managing a 30-unit complex in an unspecified location. The housing provided by this nonprofit is subsidized through the HUD (Housing and Urban Development) program, making it accessible for elderly residents in the Charlestown area. This mission aims to ensure that the elderly population in the area has a secure and comfortable living environment.
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Impact
October, 2024
Charlestown Economic Development Corporation significantly impacts the community by providing affordable housing for the elderly through its 30-unit complex in Charlestown, MA. This initiative ensures that senior residents have access to HUD-subsidized housing, promoting stability and enhancing their quality of life. By addressing the specific housing needs of the elderly population in the area, the corporation helps to alleviate concerns about housing insecurity and enriches the community by fostering a supportive environment for its senior members. This targeted approach not only meets immediate housing needs but also contributes to the overall well-being and integration of elderly residents within the broader Charlestown community.
This information is meant to be a general summary of Charlestown Economic Development Corporation. 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: $13,358
- Program Service Revenue: $216,376
- Gross Receipts: $1,156,515
Assets and Liabilities:
- Total Assets: $4,861,998
- Total Liabilities: $4,336,411
- Net Assets: $525,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$216,376
Organization Details
Founding Year
1976
Phone
(617) 242-2600Principal Officer
Thomas Cunha
Main Address
20 DEVENS STREET, CHARLESTOWN, MA, 02129
NTEE Category
Code: L22Z - Housing
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