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Lymes Elderly Housing Inc

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

EIN: 061001581 ✦ Old lyme, CT ✦ Designated as a 501(c)(3)

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Overview

What is Lymes Elderly Housing Inc?

Lymes Elderly Housing Inc is a nonprofit organization dedicated to addressing the housing needs of the elderly population with limited income. They operate a program that provides 24 subsidized units, ensuring affordable housing for this demographic. The organization's mission is centered around this objective, aiming to cater to the housing requirements of the elderly community who are financially disadvantaged.

Is Lymes Elderly Housing Inc legitimate?

Lymes Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lymes Elderly 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: $39,154

For more financial information, click here

What is the mission statement of Lymes Elderly Housing Inc?

Lymes Elderly Housing Inc is dedicated to providing low-income elderly housing. Their mission is to cater to the housing needs of the elderly population who are financially disadvantaged. They accomplish this through their program, offering 24 units of subsidized housing. The organization's primary goal is to ensure that elderly individuals with limited income have access to suitable housing.

Who is the CEO of Lymes Elderly Housing Inc?

Vivian Senft is the Director of Lymes Elderly Housing Inc.

What is the revenue of Lymes Elderly Housing Inc?

Lymes Elderly Housing Inc's revenue in 2022 was $267,764.

Who are the executives of Lymes Elderly Housing Inc and what are their salaries?


Here are 8 key members and their salaries:


Michael Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Murphy (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Senft (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana J Seckla (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Lou Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Archer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Constantine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Foster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lymes Elderly Housing Inc?

Lymes Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lymes Elderly Housing Inc

Lymes Elderly Housing Inc is committed to providing low-income elderly housing. Their mission is to cater to the housing needs of this vulnerable population by offering subsidized accommodation. Through their program, they provide 24 units of housing, ensuring that elderly individuals with limited financial resources have access to a place to call home. This nonprofit organization is dedicated to making a significant impact in the lives of the elderly by addressing one of their most basic needs: a secure and affordable place to live.

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Impact




October, 2024

Lymes Elderly Housing Inc plays a crucial role in addressing the housing needs of low-income elderly individuals in Old Lyme, Connecticut. By offering 24 units specifically designed for seniors, the organization ensures that vulnerable members of the community have access to safe, affordable, and subsidized housing. This fosters a sense of stability and security among elderly residents, allowing them to maintain their independence while residing in a supportive environment.

The impact of Lymes Elderly Housing extends beyond mere housing; it helps alleviate financial stress for seniors who may struggle to afford living expenses on a fixed income. By providing a tailored living option, the organization enhances the quality of life for its residents, enabling them to focus on their health, social connections, and overall well-being. Additionally, the presence of such housing contributes to the community by ensuring that older adults can age in place, thereby enriching the social fabric of Old Lyme. Ultimately, Lymes Elderly Housing Inc is instrumental in creating a more inclusive and supportive environment for the elderly population in the area.




This information is meant to be a general summary of Lymes Elderly 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.

Revenue
$267,764 (2022)
Expenses
$294,316 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $40
  • Program Service Revenue: $241,241
  • Gross Receipts: $267,764

Assets and Liabilities:

  • Total Assets: $665,689
  • Total Liabilities: $1,284,618
  • Net Assets: -$618,929

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Programs

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

RENTAL INCOME

Revenue

$241,241

Organization Details

Founding Year

1979

Principal Officer

Vivian Senft

Main Address

249 BOSTON POST ROAD, OLD LYME, CT, 063711315

NTEE Category

Code: L22Z - Housing

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