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Jm Apartments Inc

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

EIN: 050435537 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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Overview

What is Jm Apartments Inc?

Jm Apartments Inc, a charitable organization based in Providence, Rhode Island, primarily serves the needs of elderly individuals and those with disabilities, particularly focusing on behavioral health issues. They offer low-income housing in two locations in Central Falls, Rhode Island, with a total of 10 units at 5-7 Echo Street and 135-137 Liberty Street. The organization's mission extends beyond providing housing, as they also offer support services tailored to meet the physical, social, and physiological needs of their residents. During the fiscal year covered, the occupancy rate was 94%, and there were 211 vacant days among the 10 units. As of June 30, 2022, their waiting list consisted of 6 individuals seeking housing.


Official website here: www.gatewayhealth.org

Is Jm Apartments Inc legitimate?

Jm Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jm Apartments 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.gatewayhealth.org

What is the mission statement of Jm Apartments Inc?

JM Apartments Inc., a charitable organization, is dedicated to serving the needs of elderly and handicapped individuals with low incomes. Their mission is to provide them with suitable housing facilities and essential services tailored to address their physical, social, and physiological needs. These services are designed to enhance their quality of life and promote their overall well-being. The organization operates with a specific focus on addressing behavioral health issues, ensuring that the residents receive the necessary support to live comfortably and independently. As of June 30, 2022, the waiting list for housing units consisted of six individuals.


Official website here: www.gatewayhealth.org

Who is the CEO of Jm Apartments Inc?

Scott W Dichristofero is the Dir.- Thru 6/22 of Jm Apartments Inc.


Official website here: www.gatewayhealth.org

What is the revenue of Jm Apartments Inc?

Jm Apartments Inc's revenue in 2022 was $112,381.


Official website here: www.gatewayhealth.org

Who are the executives of Jm Apartments Inc and what are their salaries?

There 7 volunteers at Jm Apartments Inc.


Here are 10 key members and their salaries:


Timothy J Babineau Md (Dir.- Thru 6/22)
  • Compensation: $0
  • Related: $2,336,252
  • Other: $1,293,210
Scott W Dichristofero (President)
  • Compensation: $0
  • Related: $217,403
  • Other: $62,579
Arthur J Sampson (Director)
  • Compensation: $0
  • Related: $70,928
  • Other: $3,282
Jay Burdick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole M Corbin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Furia Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela S Labreche (V.Chair/Secty.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mancini (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph K Sabetta (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gatewayhealth.org

Where can I find the form 990 for Jm Apartments Inc?

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


Official website here: www.gatewayhealth.org

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

Mission Statement of Jm Apartments Inc

JM Apartments Inc, a charitable organization, is dedicated to serving elderly and handicapped individuals with low-income housing and tailored support services. The primary focus of its mission is to cater to the unique physical, social, and physiological needs of this demographic, particularly those with behavioral health issues. JM Apartments Inc provides 10 low-income housing units, distributed across two locations in Central Falls, Rhode Island. The organization strives to ensure that these units are consistently occupied, with an occupancy rate of 94% during the fiscal year under review. Despite occasional vacancies, as demonstrated by the 211 vacant days recorded during the same period, JM Apartments Inc remains committed to serving its intended community. The organization maintains a waiting list, currently consisting of 6 individuals, reflecting its ongoing dedication to meeting the housing needs of this underserved population.

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Impact




October, 2024

Jm Apartments Inc significantly enhances the quality of life for elderly individuals and those with disabilities by providing essential low-income housing and access to vital support services. With 10 residential units in Central Falls, Rhode Island, JM Apartments serves as a crucial resource for this vulnerable population, primarily addressing their physical, social, and psychological needs.

By maintaining an impressive occupancy rate of 94%, JM Apartments demonstrates its effectiveness in responding to the housing needs of its community. The organization caters to individuals facing behavioral health issues, ensuring that residents not only have a place to live but also access to services designed to promote their well-being.

The consistent demand for these housing units is reflected in the waiting list of six individuals, indicating a significant need for affordable housing solutions in the area. With only a limited number of vacancies throughout the fiscal year, JM Apartments plays a critical role in alleviating the housing crisis faced by low-income seniors and persons with disabilities, fostering a sense of community and support that is essential for their overall well-being.




This information is meant to be a general summary of Jm Apartments 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
$112,381 (2022)
Expenses
$248,005 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $30
  • Program Service Revenue: $32,715
  • Gross Receipts: $112,381

Assets and Liabilities:

  • Total Assets: $1,230,997
  • Total Liabilities: $2,426,482
  • Net Assets: -$1,195,485

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Programs

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

Client Rent

Revenue

$32,715

Organization Details

Founding Year

2007

Principal Officer

Scott W Dichristofero

Main Address

1 Virginia Avenue 200, Providence, RI, 02905

NTEE Category

Code: L20 - Housing

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