Paz Properties Inc

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

EIN: 043206160 ✦ East boston, MA ✦ Designated as a 501(c)(2)

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Overview

What is Paz Properties Inc?

Paz Properties Inc is a nonprofit organization situated in East Boston, Massachusetts, with a specific address at 143 Border Street. The primary function of this organization is to provide affordable housing for individuals and families with moderate to low incomes, as it manages 27 residential units. The organization holds title to the real property in East Boston and collects rental income from the property, channeling the earnings, after deducting expenses, to Neighborhood of Affordable Housing, Inc., a recognized 501(c)(3) public charity organization.


Official website here: www.noahcdc.org

Is Paz Properties Inc legitimate?

Paz Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Paz Properties 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.


Heare 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


Official website here: www.noahcdc.org

What is the mission statement of Paz Properties Inc?

Paz Properties Inc was established with the sole purpose of managing a real estate property in East Boston, generating rental income. This income is then directed towards Neighborhood of Affordable Housing, Inc., a 501(c)(3) public charity organization. The primary mission of Paz Properties Inc is to provide residential housing to individuals and families with moderate to low incomes, offering a total of 27 units. The organization's goal is to contribute to the community by providing affordable housing options, thereby supporting those who may not otherwise have access to such resources.


Official website here: www.noahcdc.org

Who is the CEO of Paz Properties Inc?

Philip Giffee is the President of Paz Properties Inc.


Official website here: www.noahcdc.org

What is the revenue of Paz Properties Inc?

Paz Properties Inc's revenue in 2022 was $547,044.


Official website here: www.noahcdc.org

Who are the executives of Paz Properties Inc and what are their salaries?

There 9 volunteers at Paz Properties Inc.


Here are 21 key members and their salaries:


Orlando Pacheco (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lake (President (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Savatsky (Vice President (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Schmidt (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick High (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Alonzo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bryant (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Barrera (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nanita Gaeta Coletta (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Mccandless (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karla Reyes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Comeau Cpa (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Patron (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lank (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Ruggerio (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Tennant Esq (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Baxter (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia Correa (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernani De Araujo Esq (Board Member (Until 2/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip R Giffee (Executive Director)
  • Compensation: $0
  • Related: $178,708
  • Other: $30,272
Vinny Qualtieri (Director Of Finance & Admin)
  • Compensation: $0
  • Related: $120,759
  • Other: $9,832


Official website here: www.noahcdc.org

Where can I find the form 990 for Paz Properties Inc?

Paz Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.noahcdc.org

Learn more at the official website: www.noahcdc.org

Mission Statement of Paz Properties Inc

Paz Properties Inc, a nonprofit organization, was established with a singular purpose: to serve as the title holder for real estate properties, generating rental income. This income, after deducting expenses, is then channeled towards Neighborhood of Affordable Housing, Inc., a 501(c)(3) public charity organization. The primary mission of Paz Properties Inc, however, lies in its provision of residential housing. Specifically, it provides 27 units of housing for individuals and families who fall under the category of low to moderate income earners. By doing so, Paz Properties Inc contributes significantly to the availability of affordable housing, thereby addressing a pressing societal need.

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Impact




October, 2024

Paz Properties Inc plays a crucial role in addressing housing needs in East Boston by providing 27 units of residential housing for low to moderate-income individuals and families. By holding title to real property and generating rental income, the organization contributes directly to the community's stability and accessibility in terms of housing. This effort not only supports families and individuals who might otherwise struggle to find affordable living options but also fosters a sense of community improvement in the neighborhood. The income collected from these properties is subsequently directed to support affordable housing initiatives, further enhancing its positive impact on the local community.




This information is meant to be a general summary of Paz Properties 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.

Revenue
$547,044 (2022)
Expenses
$647,974 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,110
  • Program Service Revenue: $539,559
  • Gross Receipts: $547,044

Assets and Liabilities:

  • Total Assets: $3,420,126
  • Total Liabilities: $4,145,747
  • Net Assets: -$725,621

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Programs

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

RENTAL INCOME

Revenue

$539,559

Organization Details

Founding Year

1993

Principal Officer

Philip Giffee

Main Address

143 BORDER STREET, EAST BOSTON, MA, 02128

NTEE Category

Code: S47 - Community improvement

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