Spring Meadow Association Of Responsible Tenants Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043159643 ✦ Springfield, MA ✦ Designated as a 501(c)(3)

Overview

What is Spring Meadow Association Of Responsible Tenants Inc?

Spring Meadow Association of Responsible Tenants Inc is a nonprofit organization situated in Springfield, Massachusetts. Their primary goal is to provide affordable housing and resident services to low-income families, specifically families with children. They have managed to accommodate 270 families in their two and three-bedroom townhouses. The organization's mission involves acquiring, rehabilitating, and operating an affordable housing project in Springfield, MA. Their focus on providing affordable housing and supporting services demonstrates their commitment to making a positive impact on their community.


Is Spring Meadow Association Of Responsible Tenants Inc legitimate?

Spring Meadow Association Of Responsible Tenants Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Meadow Association Of Responsible Tenants 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Spring Meadow Association Of Responsible Tenants Inc?
Who is the CEO of Spring Meadow Association Of Responsible Tenants Inc?
What is the revenue of Spring Meadow Association Of Responsible Tenants Inc?
Who are the executives of Spring Meadow Association Of Responsible Tenants Inc and what are their salaries?
Where can I find the form 990 for Spring Meadow Association Of Responsible Tenants Inc?

Mission Statement of Spring Meadow Association Of Responsible Tenants Inc

Spring Meadow Association of Responsible Tenants Inc, as a nonprofit organization, is committed to acquiring, rehabilitating, and operating an affordable housing project. Their primary mission is to own, rehabilitate, and operate affordable housing, specifically in Springfield, MA. By doing so, they aim to provide a residential program that caters to low-income families, offering them affordable living spaces. The association currently manages 270 units of two and three-bedroom townhouses, all of which are occupied by families with children.

Impact

This information is meant to be a general summary of Spring Meadow Association Of Responsible Tenants Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Spring Meadow Association Of Responsible Tenants Inc's impact is significant in providing affordable housing and resident services programs to low-income families in Springfield, MA. Through the acquisition, rehabilitation, and operation of a housing project with 270 units, all occupied by families with children, the organization directly addresses the housing needs of vulnerable populations. By offering two and three-bedroom townhouses at affordable rates, the association plays a crucial role in ensuring that these families have a safe and stable place to call home. The provision of affordable housing not only meets a basic human need but also contributes to the overall well-being and stability of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,394
  • Program Service Revenue: $4,199,301
  • Gross Receipts: $4,200,695

    • Assets and Liabilities:
  • Total Assets: $13,684,795
  • Total Liabilities: $24,543,276
  • Net Assets: -$10,858,481
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $4,070,494

    TENANT FUND REVENUE

    Revenue

    $114,858

    TENANT CHARGES

    Revenue

    $13,185

    OTHER INCOME

    Revenue

    $764

    Organization Details

    Founding Year

    1991

    Principal Officer

    Keya Hicks

    Main Address

    176 CANNON CIRCLE, SPRINGFIELD, MA, 01118

    NTEE Category

    Code: L20 - Housing

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