Overview
What is Foster Senior Housing Inc?
Foster Senior Housing Inc is a nonprofit organization situated in Foster, Rhode Island. Their primary mission is to manage and operate a 30-unit elderly housing facility, which has been supported by the USDA Rural Development. Under this contract, the entity receives both rental and interest subsidies, ensuring that the housing remains affordable for its elderly residents. The complex adheres to the guidelines set by USDA Rural Development, providing a secure and comfortable living environment for its senior residents.
Is Foster Senior Housing Inc legitimate?
Foster Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foster Senior Housing 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
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What is the mission statement of Foster Senior Housing Inc?
Foster Senior Housing Inc's mission involves owning and operating a 30-unit elderly housing complex, adhering to the guidelines set by the USDA Rural Development. This organization provides housing for the elderly, with a rental assistance contract from Rural Development, ensuring subsidized rent and interest payments. The entity's primary goal is to manage this government-sponsored elderly housing facility, providing a suitable living environment for its residents. The organization's operations are guided by the USDA Rural Development guidelines, ensuring a safe and comfortable living space for the elderly population.
Who is the CEO of Foster Senior Housing Inc?
Ralph Antonelli is the President of Foster Senior Housing Inc.
What is the revenue of Foster Senior Housing Inc?
Foster Senior Housing Inc's revenue in 2020 was $449,337.
Who are the executives of Foster Senior Housing Inc and what are their salaries?
Where can I find the form 990 for Foster Senior Housing Inc?
Foster Senior Housing Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Foster Senior Housing Inc
Foster Senior Housing Inc is dedicated to owning and operating a 30-unit elderly complex under the USDA Rural Development guidelines. This mission involves providing a government-sponsored housing solution for the elderly, located in Foster, Rhode Island. Through a rental assistance contract with Rural Development, Foster Senior Housing Inc ensures that both rental and interest subsidies are in place, making the housing affordable for its elderly residents.
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Impact
October, 2024
Foster Senior Housing Inc. plays a crucial role in enhancing the quality of life for elderly residents in Foster, Rhode Island, by providing affordable housing options. By owning and operating a 30-unit elderly apartment complex under USDA Rural Development guidelines, the organization ensures that seniors have access to safe and secure living arrangements tailored to their needs.
The complex not only provides shelter but also foster a sense of community among residents, helping to combat loneliness and isolation often faced by the elderly. With a rental assistance contract in place, the organization is able to offer essential rental and interest subsidies, making it economically feasible for residents to live in a supportive environment.
This initiative directly contributes to improving the overall well-being of older adults in the area, allowing them to maintain their independence while having access to necessary resources and support. Foster Senior Housing Inc.'s commitment to serving this vulnerable population has a lasting impact on the community by promoting stability, dignity, and enhanced quality of life for its senior residents.
This information is meant to be a general summary of Foster Senior Housing 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 2020.
- Investment Income: $3,730
- Program Service Revenue: $136,099
- Gross Receipts: $449,337
Assets and Liabilities:
- Total Assets: $1,403,481
- Total Liabilities: $1,413,134
- Net Assets: -$9,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTALS
Revenue
$135,293
LAUNDRY INCOME
Revenue
$806
Organization Details
Founding Year
1978
Phone
(401) 949-0270Principal Officer
Ralph Antonelli
Main Address
110 FOSTER CENTER ROAD, FOSTER, RI, 02825
NTEE Category
Code: L22 - Housing
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