Overview
What is New Milford Congregate Housing Inc?
New Milford Congregate Housing Inc is a nonprofit organization dedicated to addressing the housing needs of low-income elderly individuals. Their mission is to construct, market, and manage affordable housing condominiums specifically designed for this demographic. They offer a variety of programs to facilitate this, including building, selling, renting, and managing these cooperative condominiums. By providing these housing solutions, New Milford Congregate Housing Inc aims to ensure that the elderly population in question has access to suitable living accommodations.
Is New Milford Congregate Housing Inc legitimate?
New Milford Congregate Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Milford Congregate 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:
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What is the mission statement of New Milford Congregate Housing Inc?
New Milford Congregate Housing Inc. is dedicated to constructing, selling, and managing affordable housing for the elderly population, specifically in the form of condominiums. Their mission is to provide suitable living spaces for this demographic, and they accomplish this through various programs that involve building, selling, renting, and managing these cooperative condominiums.
Who is the CEO of New Milford Congregate Housing Inc?
Frank Wargo is the President of New Milford Congregate Housing Inc.
What is the revenue of New Milford Congregate Housing Inc?
New Milford Congregate Housing Inc's revenue in 2022 was $343,894.
Who are the executives of New Milford Congregate Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for New Milford Congregate Housing Inc?
New Milford Congregate Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Milford Congregate Housing Inc
New Milford Congregate Housing Inc is dedicated to constructing, marketing, and managing affordable housing units specifically designed for the elderly population. Their mission is to provide this demographic with a place to call home, offering a variety of programs to build, sell, and manage cooperative condominiums that cater to their needs. By engaging in these activities, New Milford Congregate Housing Inc aims to make housing an attainable and comfortable living situation for low-income elderly individuals.
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Impact
October, 2024
New Milford Congregate Housing Inc plays a significant role in enhancing the quality of life for low-income elderly individuals in New Milford, CT. By building, selling, and managing condominiums specifically designed for this demographic, the organization addresses a critical need for affordable housing.
Through its dedicated programs, it not only provides shelter but also fosters a sense of community among residents. The cooperative model encourages social interaction, allowing seniors to live independently while having access to supportive housing services. This initiative helps reduce isolation and promotes overall well-being among older adults.
Moreover, by focusing on low-income housing, New Milford Congregate Housing Inc contributes to the stability of the local economy by attracting and retaining residents who might otherwise struggle to find suitable living arrangements. This impact extends beyond housing, as the organization supports local businesses and services that cater to the needs of the elderly community.
In summary, New Milford Congregate Housing Inc effectively addresses housing challenges faced by low-income seniors, enriches their lives through community building, and positively influences the broader economic landscape in New Milford.
This information is meant to be a general summary of New Milford Congregate 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 2022.
- Investment Income: $1,046
- Program Service Revenue: $342,848
- Gross Receipts: $343,894
Assets and Liabilities:
- Total Assets: $1,119,024
- Total Liabilities: $887,003
- Net Assets: $232,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIT RENTAL INCOME
Revenue
$342,848
Organization Details
Founding Year
1988
Phone
(860) 350-9950Principal Officer
Frank Wargo
Main Address
200 CHESTNUT GROVE, NEW MILFORD, CT, 06776
NTEE Category
Code: L22 - Housing
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