Overview
What is Mgrs Inc?
MGRS Inc, situated in Middletown, Connecticut, is a nonprofit organization dedicated to managing and developing affordable housing solutions. Their primary mission is to serve lower income families and individuals, offering a non-profit foundation to ensure housing remains accessible and affordable. By overseeing the development and management of these properties, MGRS Inc contributes to the well-being and stability of their community.
Is Mgrs Inc legitimate?
Mgrs Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mgrs 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.
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What is the mission statement of Mgrs Inc?
MGRS Inc, as an organization, is committed to providing affordable housing on a non-profit basis, catering to lower income families and individuals. Their mission is executed through the management and development of such housing facilities, aiming to make housing more accessible and affordable for those in need. This non-profit endeavor is geared towards enhancing living conditions and promoting social equity.
Who is the CEO of Mgrs Inc?
William Vasilliou is the Principal Officer of Mgrs Inc.
What is the revenue of Mgrs Inc?
Mgrs Inc's revenue in 2023 was $427,452.
Who are the executives of Mgrs Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Mgrs Inc?
Mgrs Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mgrs Inc
MGRs Inc, a non-profit organization, is dedicated to providing affordable housing for lower income families and individuals. By managing and developing housing on a non-profit basis, MGRs Inc strives to make a meaningful impact on the lives of those in need. This mission is carried out by offering a non-profit housing solution, ensuring that families and individuals who may not otherwise be able to afford housing, have access to safe and affordable living spaces. The organization's work is crucial in supporting the well-being and stability of its community members.
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Impact
October, 2024
Mgrs Inc significantly impacts the community by providing affordable housing options for lower-income families and individuals in Middletown, CT. By managing and developing housing projects, Mgrs Inc addresses the critical need for accessible living spaces, allowing residents to secure stable homes within their means. This commitment not only improves individual living conditions but also enhances the overall quality of life in the community. Through these efforts, Mgrs Inc fosters a sense of stability and supports the economic well-being of families, contributing to the broader goal of building a stronger and more inclusive Middletown.
This information is meant to be a general summary of Mgrs 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 2023.
- Investment Income: $27
- Program Service Revenue: $427,425
- Gross Receipts: $427,452
Assets and Liabilities:
- Total Assets: $2,254,628
- Total Liabilities: $139,984
- Net Assets: $2,114,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Building Rentals
Revenue
$427,425
Organization Details
Founding Year
1986
Phone
(860) 346-8671Principal Officer
William Vasilliou
Main Address
40 BROAD ST, MIDDLETOWN, CT, 064573249
NTEE Category
Code: L80Z - Housing
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