Overview
What is Havenside Corporation?
Havenside Corporation is a nonprofit organization situated in Vineyard Haven, Massachusetts. With a focus on affordable housing, it offers apartments for rental to elderly residents of Martha's Vineyard. The organization prides itself on maintaining below-market-rate rents for its twenty-nine rental units spread across four buildings. The mission of Havenside Corporation is to ensure that qualified seniors in the area have access to affordable housing, thereby contributing positively to their living conditions. The organization is small, with just one employee dedicated to this cause.
Is Havenside Corporation legitimate?
Havenside Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Havenside 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Havenside Corporation?
Havenside Corporation is dedicated to providing affordable housing options for senior citizens. With twenty-nine rental units spread across four buildings, the organization offers below-market rate rent to qualified seniors. This mission aims to ensure that elderly individuals have access to suitable housing, thereby contributing to their overall well-being. Havenside Corporation's activities primarily focus on making housing more affordable for this particular demographic, thereby providing them with a secure living environment.
Who is the CEO of Havenside Corporation?
Carl Malmquist is the Director of Havenside Corporation.
What is the revenue of Havenside Corporation?
Havenside Corporation's revenue in 2022 was $314,334.
Who are the executives of Havenside Corporation and what are their salaries?
There is 1 employee and 7 volunteers at Havenside Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Havenside Corporation?
Havenside Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Havenside Corporation
Havenside Corporation, a nonprofit organization, is dedicated to providing an essential service for the elderly community. Its mission lies in offering affordable housing options for seniors, making it possible for qualified individuals to reside in rental units at below market rates. With a total of twenty-nine apartments spread across four buildings, Havenside Corporation ensures that senior citizens have access to comfortable and reasonably priced housing, contributing to their overall well-being.
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Impact
October, 2024
Havenside Corporation plays a crucial role in addressing the affordable housing crisis for seniors on Martha's Vineyard. By offering twenty-nine rental units across four buildings, it enables elderly residents to secure housing at rates that are significantly lower than the market average. This initiative not only alleviates financial stress for seniors but also fosters a supportive community environment where they can thrive. The availability of affordable housing allows seniors to remain in their hometown, maintaining their connections and sense of belonging on the island. Ultimately, Havenside Corporation's impact extends beyond just providing shelter; it enhances the quality of life for its residents and contributes to the social fabric of Vineyard Haven.
This information is meant to be a general summary of Havenside 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: $2,961
- Program Service Revenue: $311,188
- Gross Receipts: $314,334
Assets and Liabilities:
- Total Assets: $2,885,770
- Total Liabilities: $226,008
- Net Assets: $2,659,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$311,188
Organization Details
Founding Year
1990
Phone
(508) 693-2280Principal Officer
Carl Malmquist
Main Address
PO BOX 1418, VINEYARD HAVEN, MA, 02568
NTEE Category
Code: L22Z - Housing
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