Mystic River Homes Inc

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

EIN: 060844829 ✦ North haven, CT ✦ Designated as a 501(c)(3)

Overview

What is Mystic River Homes Inc?

Mystic River Homes Inc is a nonprofit organization committed to serving the elderly with low income. Their primary mission is to provide affordable housing and congregate services. They accomplish this through collaborations with the state of Connecticut's department of economic and community development, offering 50 apartment units for congregate rent. Additionally, they also partner with the US department of agriculture - rural development, providing 46 apartment units to the elderly. This organization's focus is on ensuring that the elderly have access to suitable housing and communal services, thus improving their quality of life.


Is Mystic River Homes Inc legitimate?

Mystic River Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mystic River Homes 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,830

For more financial information, click here


What is the mission statement of Mystic River Homes Inc?
Who is the CEO of Mystic River Homes Inc?
What is the revenue of Mystic River Homes Inc?
Who are the executives of Mystic River Homes Inc and what are their salaries?
Where can I find the form 990 for Mystic River Homes Inc?

Mission Statement of Mystic River Homes Inc

Mystic River Homes Inc is committed to providing low-income housing and congregate services to the elderly. Their mission is to offer affordable living spaces and supportive services to senior citizens who may be financially strained. This nonprofit organization achieves this goal through two main sources of funding: the state of Connecticut's Department of Economic and Community Development and the US Department of Agriculture's Rural Development program. They manage 50 apartment units through the state's department, and an additional 46 units through the federal agency's program. By offering these housing options, Mystic River Homes Inc aims to contribute to the well-being and independence of the elderly community, ensuring that they can maintain a decent standard of living.

Impact

This information is meant to be a general summary of Mystic River Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Mystic River Homes Inc's impact is centered around providing low-income housing and congregate services to the elderly population. By offering 50 apartment units for congregate rent through the state of Connecticut Department of Economic and Community Development, as well as 46 apartment units through the US Department of Agriculture - Rural Development, Mystic River Homes Inc plays a crucial role in addressing the housing needs of elderly individuals with limited financial resources. Through their mission to provide low-income elderly housing, they are creating a tangible and positive impact on the community in North Haven, Connecticut.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $618
  • Program Service Revenue: $1,443,229
  • Gross Receipts: $1,443,847

    • Assets and Liabilities:
  • Total Assets: $5,308,070
  • Total Liabilities: $1,951,665
  • Net Assets: $3,356,405
  • Programs

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

    RENTAL INCOME

    Revenue

    $802,991

    CONGREGATE SERVICES IN

    Revenue

    $640,238

    Organization Details

    Founding Year

    1967

    Principal Officer

    Emiline Evans

    Main Address

    127 WASHINGTON AVENUE 5TH FL EAST, NORTH HAVEN, CT, 06473

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Mystic River Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.