Overview
What is Marien-Heim Tower?
Marien-Heim Tower is a senior citizen housing project located in Brooklyn, New York, with a capacity of 182 units. Managed by PublicHousing.com Affordable Housing Network, the project is overseen by the US Department of Housing and Urban Development under section 236 of the National Housing Act. In November 2014, the network entered into an agreement to sell its beneficial interests in the property to an affiliate, while retaining legal title as a nominee. The tower continues to provide affordable housing for its senior residents, ensuring they have a safe and secure living environment.
Is Marien-Heim Tower legitimate?
Marien-Heim Tower is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marien-Heim Tower 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: $153,996
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Mission Statement of Marien-Heim Tower
Marien-Heim Tower, a senior citizen housing project, is overseen by PublicHousing.com Affordable Housing Network. The mission of Marien-Heim Tower, as a subsidized housing project funded by the US Department of Housing and Urban Development, is to provide affordable living accommodations for senior citizens. In November 2014, Marien-Heim Tower entered into a contract of sale and nominee agreement with an affiliate, selling its beneficial interests. However, the organization retains legal title to the building solely as a nominee on behalf of its affiliate, while also acting as the exclusive agent for managing the premises. In this role, Marien-Heim Tower is responsible for the regulation and operation of the housing project under section 236 of the National Housing Act, ensuring that rent charges are maintained according to the stipulations set by the US Department of Housing and Urban Development.
Impact
This information is meant to be a general summary of Marien-Heim Tower. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Marien-Heim Tower's impact lies in providing affordable housing for senior citizens in Brooklyn, NY. With 182 units, this housing project serves as a vital resource for seniors in need of safe and affordable accommodation. Regulated by the US Department of Housing and Urban Development, Marien-Heim Tower operates under section 236 of the National Housing Act, ensuring fair rent charges and proper management. By offering a secure and affordable living option for seniors, Marien-Heim Tower plays a crucial role in addressing the housing needs of the elderly population in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SELLER NOTE INTEREST
Revenue
$1,908,797
MANAGEMENT FEE
Revenue
$156,166
Organization Details
Founding Year
1972
Phone
(718) 630-8201
Principal Officer
Robert J Walsh
Main Address
870 OCEAN PARKWAY, BROOKLYN, NY, 11230
NTEE Category
Code: L21 - Housing
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