Overview
What is Low Cost Tenants Association?
Low Cost Tenants Association is a nonprofit organization situated in Boston, Massachusetts, specifically at 163 W Springfield Street. Its primary mission is to develop and sponsor low-income housing, with a focus on providing affordable living options in the South End section of the city. The association aims to assist in creating housing for individuals with moderate incomes as well, thereby contributing to the community's housing needs. The organization's activities are centered around this goal, ensuring that low-income residents of Boston have access to decent and affordable housing options.
Is Low Cost Tenants Association legitimate?
Low Cost Tenants Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Low Cost Tenants Association 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 Low Cost Tenants Association?
The Low Cost Tenants Association's mission is centered around providing affordable housing solutions for individuals with low and moderate income. Their primary objective is to assist in the creation of housing units within their operations. The association is actively involved in the development and sponsorship of such low-income housing projects. Their mission is aimed at making housing more accessible for this specific income group, thereby contributing to a more equitable housing landscape.
Who is the CEO of Low Cost Tenants Association?
Jean Niane is the President of Low Cost Tenants Association.
What is the revenue of Low Cost Tenants Association?
Low Cost Tenants Association's revenue in 2020 was $213,897.
Who are the executives of Low Cost Tenants Association and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Low Cost Tenants Association?
Low Cost Tenants Association's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Low Cost Tenants Association
The Low Cost Tenants Association, as its name suggests, is committed to providing affordable housing options for individuals with low and moderate income. Beyond this, the organization also aims to assist in creating housing opportunities within the South End section of Boston, Massachusetts. This mission is achieved through the development and sponsorship of low-income housing projects, which is the primary activity of this nonprofit organization.
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Impact
October, 2024
The Low Cost Tenants Association plays a crucial role in addressing the housing needs of low and moderate-income individuals in the South End section of Boston, Massachusetts. By focusing on the development and sponsorship of affordable housing, the association significantly contributes to stabilizing the community and enhancing the quality of life for its residents.
The organization's efforts help to ensure that housing remains accessible to those who might otherwise be priced out of the market, fostering a more diverse and inclusive neighborhood. Additionally, their work supports the creation of a network of low-income housing options that can alleviate the pressures of rising rents in the city.
Through advocacy and resources, the Low Cost Tenants Association empowers individuals and families, enabling them to secure stable housing and ultimately promoting economic mobility within the community. By addressing these critical housing challenges, the association facilitates a positive impact that resonates throughout the South End, enhancing both social and economic dynamics in the area.
This information is meant to be a general summary of Low Cost Tenants Association. 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 2020.
- Investment Income: $96,102
- Gross Receipts: $2,780,240
Assets and Liabilities:
- Total Assets: $12,885,184
- Total Liabilities: $8,244,504
- Net Assets: $4,640,680
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Organization Details
Founding Year
1994
Phone
(617) 247-1445Principal Officer
Jean Niane
Main Address
163 W SPRINGFIELD STREET, BOSTON, MA, 02118
NTEE Category
Code: L200 - Housing
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