Overview
What is Shalom Properties Inc?
Shalom Properties Inc is a nonprofit organization situated in East Boston, Massachusetts. Its primary mission is to provide affordable housing to individuals and families with modest incomes. The organization holds title to certain real property located in East Boston and generates rental income from these properties. This income, after deducting expenses, is then transferred to Neighborhood of Affordable Housing, Inc., a 501(c)(3) public charity organization. By doing so, Shalom Properties Inc contributes to the provision of affordable housing in the community.
Official website here: www.noahcdc.org
Is Shalom Properties Inc legitimate?
Shalom Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Shalom 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:
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For more financial information, click here
Official website here: www.noahcdc.org
What is the mission statement of Shalom Properties Inc?
Shalom Properties Inc was established with a specific purpose: to hold title to certain real property situated in an unspecified location. The primary objective of this organization is to collect rental income generated from the property. Notably, all income, after deducting expenses, is then forwarded to Neighborhood of Affordable Housing, Inc., a recognized 501(c)(3) public charity organization. This transfer of funds supports the provision of residential housing for individuals and families with low to moderate income. This mission aims to contribute positively to the community by offering affordable housing options.
Official website here: www.noahcdc.org
Who is the CEO of Shalom Properties Inc?
Philip Giffee is the President of Shalom Properties Inc.
Official website here: www.noahcdc.org
What is the revenue of Shalom Properties Inc?
Shalom Properties Inc's revenue in 2022 was $429,822.
Official website here: www.noahcdc.org
Who are the executives of Shalom Properties Inc and what are their salaries?
There 9 volunteers at Shalom Properties Inc.
Here are 21 key members and their salaries:
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- Related: $178,708
- Other: $30,272
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- Related: $120,759
- Other: $9,832
Official website here: www.noahcdc.org
Where can I find the form 990 for Shalom Properties Inc?
Shalom 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 Shalom Properties Inc
Shalom Properties Inc, a nonprofit organization, was established with a specific purpose. Its primary objective is to hold title to certain real property situated in an unspecified location. The primary income source for this organization is the rental income derived from this property. However, rather than retaining this income, Shalom Properties Inc channels all earnings, after deducting expenses, to Neighborhood of Affordable Housing, Inc., a distinguished 501(c)(3) public charity organization.
This unique arrangement allows Neighborhood of Affordable Housing, Inc. to utilize the income generated by Shalom Properties Inc to provide residential housing for individuals and families with low to moderate incomes. By serving as a financial conduit, Shalom Properties Inc plays a pivotal role in supporting affordable housing initiatives, thereby contributing to the betterment of the community.
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Impact
October, 2024
Shalom Properties Inc plays a vital role in the East Boston community by providing residential housing to low- and moderate-income individuals and families. Through its management of real property and collection of rental income, the organization ensures that a portion of these funds is directed to the Neighborhood of Affordable Housing, Inc., further enhancing accessible housing options in the region. By focusing on community improvement, Shalom Properties Inc contributes to the stability and well-being of local residents, fostering a sense of belonging and security within the East Boston area. Its impact extends beyond mere housing; it represents a commitment to creating a supportive environment for those who might otherwise struggle to find affordable living options.
This information is meant to be a general summary of Shalom 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,322
- Program Service Revenue: $421,890
- Gross Receipts: $429,822
Assets and Liabilities:
- Total Assets: $1,791,740
- Total Liabilities: $1,592,311
- Net Assets: $199,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$421,890
Organization Details
Founding Year
1997
Phone
(617) 567-5882Principal Officer
Philip Giffee
Main Address
143 BORDER STREET, EAST BOSTON, MA, 02128
Website
www.noahcdc.orgNTEE Category
Code: S47 - Community improvement
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