Overview
What is The Putnam Community Foundation?
The Putnam Community Foundation, based in Brewster, New York, is a nonprofit organization with a focus on improving the well-being of residents in Putnam County and the Hudson Valley region. They accomplish this mission by constructing and maintaining senior housing facilities in the area, providing a total of 49 units. Beyond senior housing, the foundation also supports local communities by making donations to various not-for-profit organizations. With a small team of two dedicated individuals, they strive to enhance the quality of life for their community's senior population.
Is The Putnam Community Foundation legitimate?
The Putnam Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Putnam Community Foundation 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: $23,763
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What is the mission statement of The Putnam Community Foundation?
The Putnam Community Foundation's mission is centered around promoting the well-being of its community, specifically the residents of Putnam County and the Hudson Valley area. A significant part of this mission involves the construction and maintenance of senior housing facilities. This initiative is an extension of the foundation's purpose to support local communities. In addition to senior housing, the foundation also makes donations and distributes funds to various not-for-profit organizations to further enhance the well-being of its community.
Who is the CEO of The Putnam Community Foundation?
Joseph Divestea is the Director of The Putnam Community Foundation.
What is the revenue of The Putnam Community Foundation?
The Putnam Community Foundation's revenue in 2023 was $113,894.
Who are the executives of The Putnam Community Foundation and what are their salaries?
The average compensation at The Putnam Community Foundation during 2023 was $11,882. There are 2 employees at The Putnam Community Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Putnam Community Foundation?
The Putnam Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Putnam Community Foundation
The Putnam Community Foundation is dedicated to promoting the well-being of the residents in Putnam County and the Hudson Valley area. One of their key initiatives is to build and maintain senior housing facilities in this region. Their mission is multifaceted, not only focusing on providing suitable living spaces for the elderly but also supporting the overall well-being of the local communities. To achieve this, they have established two senior housing facilities - a 24-unit one and another comprising 25 units, which also includes municipal and commercial space. In addition to these projects, The Putnam Community Foundation makes donations to various not-for-profit organizations with the aim of enhancing the quality of life for the people in the region.
In essence, The Putnam Community Foundation serves as a beacon of support for the elderly and the communities they reside in. By constructing and maintaining senior housing facilities, they provide a secure living environment for the elderly, thereby contributing to their well-being. Moreover, through their financial contributions to other not-for-profit organizations, they extend their reach to various sectors of the community, ensuring that the region as a whole thrives. The foundation's mission is a testament to its commitment to improving the lives of the people in Putnam County and the Hudson Valley area.
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Impact
October, 2024
The Putnam Community Foundation significantly enhances the well-being of residents in Putnam County and the Hudson Valley by focusing on the development and maintenance of affordable senior housing. With two vital facilities in Brewster, NY—one comprising 24 units and another featuring 25 units alongside municipal and commercial space—the foundation addresses the pressing need for quality housing tailored to seniors.
These initiatives not only provide safe and supportive living environments for older adults but also contribute to the broader community by facilitating connections and interactions among residents. The foundation’s commitment to supporting the local communities further extends its impact through donations aimed at enhancing the overall quality of life in the region, ensuring that vital resources and support are accessible for those in need. By prioritizing the needs of seniors and promoting healthy living conditions, the Putnam Community Foundation plays a crucial role in fostering a thriving, interconnected community that values its elder population.
This information is meant to be a general summary of The Putnam Community Foundation. 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.
- Program Service Revenue: $113,894
- Gross Receipts: $113,894
Assets and Liabilities:
- Total Assets: $839,471
- Total Liabilities: $6,301
- Net Assets: $833,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOAME
Revenue
$107,861
MISCELLANEOUS INCOME
Revenue
$4,733
PARKING INCOME
Revenue
$1,300
Organization Details
Founding Year
1999
Phone
(845) 878-2600Principal Officer
Joseph Divestea
Main Address
50 MAIN STREET, BREWSTER, NY, 10509
NTEE Category
Code: L22 - Housing
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