Overview
What is St Anthony Association Of Boston In?
St. Anthony Association of Boston In is a nonprofit organization located at 2 Morris Avenue Unit 2A, Somerville, Massachusetts 02144. Their primary mission is to subsidize educational housing for 40 students from the Massachusetts Institute of Technology (MIT). By renting them the building and contents of 428 Memorial Drive, located on the MIT campus in Cambridge, Massachusetts, at reduced costs, the Association helps alleviate a significant portion of the students' housing expenses. The Association's purpose involves allocating resources, particularly for deferred maintenance, beyond what the students could reasonably afford without their assistance. All revenues generated by the Association are dedicated to supporting program services, thereby lowering the overall educational expenses for these students.
Is St Anthony Association Of Boston In legitimate?
St Anthony Association Of Boston In is a legitimate nonprofit organization registered as a 501(c)(2) entity. St Anthony Association Of Boston In 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: $300
Other Salaries and Wages: $0
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What is the mission statement of St Anthony Association Of Boston In?
The mission of St. Anthony Association of Boston In is centered around providing subsidized educational housing for a group of 40 MIT students. They achieve this by renting out the building and contents of 428 Memorial Drive, located on the MIT campus in Cambridge, Massachusetts, at reduced costs. The Association's purpose necessitates additional expenditures, particularly on deferred maintenance, which the resident students could not afford without the Association's support. All revenues generated by the Association are allocated towards supporting program services, thereby reducing the educational expenses of the 40 residents.
Who is the CEO of St Anthony Association Of Boston In?
Jose M Linares is the President of St Anthony Association Of Boston In.
What is the revenue of St Anthony Association Of Boston In?
St Anthony Association Of Boston In's revenue in 2023 was $214,512.
Who are the executives of St Anthony Association Of Boston In and what are their salaries?
There 9 volunteers at St Anthony Association Of Boston In.
Here are 9 key members and their salaries:
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Where can I find the form 990 for St Anthony Association Of Boston In?
St Anthony Association Of Boston In's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Anthony Association Of Boston In
St. Anthony Association of Boston, in its mission, aims to provide subsidized educational housing for a group of 40 students from the Massachusetts Institute of Technology (MIT). This is achieved by renting them the building and contents of 428 Memorial Drive, located on the MIT campus in Cambridge, Massachusetts, at reduced costs. The association's purpose necessitates expenditures beyond what the students could afford without its support, primarily on maintenance. All revenue generated by the association is directed towards supporting program services, thus reducing the educational expenses for the 40 MIT students residing there.
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Impact
October, 2024
St. Anthony Association of Boston significantly impacts the educational experiences of 40 MIT students by providing subsidized housing. By renting the building and its contents at reduced rates, the Association alleviates financial burdens related to housing, ensuring that students can focus more on their academic pursuits rather than high living costs. This support allows residents to dedicate resources towards their education, enhancing their overall experience at MIT.
Furthermore, the Association addresses essential maintenance needs that would otherwise be challenging for students to manage on their limited budgets. By investing in the upkeep of the housing facility, it fosters a conducive living and learning environment that contributes to academic success. The emphasis on community improvement through affordable housing not only supports individual students but also strengthens the broader educational community at MIT.
This information is meant to be a general summary of St Anthony Association Of Boston In. 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 2023.
- Investment Income: $61,143
- Program Service Revenue: $110,000
- Gross Receipts: $246,268
Assets and Liabilities:
- Total Assets: $1,724,677
- Total Liabilities: $0
- Net Assets: $1,724,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent for 428 Memorial Drive
Revenue
$110,000
Organization Details
Founding Year
1928
Phone
(617) 852-9313Principal Officer
Jose M Linares
Main Address
2 MORRISON AVENUE UNIT 2A, SOMERVILLE, MA, 02144
NTEE Category
Code: S47 - Community improvement
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