Overview
What is Spiti Management Company Inc?
Spiti Management Company Inc, based in Astoria, New York, is a Nonprofit organization primarily focused on property management and security services for senior residences and other programs under HANAC, a notable affiliate. Their mission encompasses offering assistance and services to community groups, including the initial development, management, and maintenance of low and moderate income housing. They oversee the operations, rental, maintenance, and security of the facilities to ensure the well-being and comfort of its residents. With a dedicated workforce of 63 individuals, Spiti Management Company Inc plays a significant role in providing housing solutions for communities in need.
Official website here: www.hanac.org
Is Spiti Management Company Inc legitimate?
Spiti Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spiti Management Company 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: $70,469
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,659,985
For more financial information, click here
Official website here: www.hanac.org
What is the mission statement of Spiti Management Company Inc?
Spiti Management Company Inc, as a supporting organization to Hanac Inc., a affiliate, was incorporated with a mission to provide assistance and services to community groups. Particularly, their focus is on the initial development, management, and maintenance of low and moderate income housing. The company carries out its mission by administering the operations, rental, maintenance, and security of the facilities for senior residences and other Hanac programs. In essence, Spiti Management Company Inc contributes to the betterment of community groups by providing affordable housing solutions.
Official website here: www.hanac.org
What is the revenue of Spiti Management Company Inc?
Spiti Management Company Inc's revenue in 2024 was $2,190,664.
Official website here: www.hanac.org
Who are the executives of Spiti Management Company Inc and what are their salaries?
The average compensation at Spiti Management Company Inc during 2024 was $29,330. There are 59 employees and 7 volunteers at Spiti Management Company Inc.
Here are 9 key members and their salaries:
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- Related: $161,272
- Other: $21,421
- Compensation: $74,360
- Related: $87,287
- Other: $24,759
Official website here: www.hanac.org
Where can I find the form 990 for Spiti Management Company Inc?
Spiti Management Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hanac.org
Learn more at the official website: www.hanac.org
Mission Statement of Spiti Management Company Inc
Spiti Management Company Inc, established with a supporting mission, aims to assist community groups by initiating, managing, and maintaining low and moderate income housing. This organization was incorporated to serve as a supporting entity to Hanac, Inc., an affiliate. The primary role of Spiti Management Company Inc is to oversee the operations, rental, maintenance, and security of facilities, with a focus on senior residences and other Hanac programs. By providing these services, the company contributes to improving living conditions and ensuring the well-being of community members with limited financial means.
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Impact
October, 2024
Spiti Management Company Inc significantly contributes to community development by facilitating the provision of low and moderate-income housing. Its efforts in property management, security services, and maintenance play a crucial role in ensuring that senior residences and other housing facilities are well-managed and secure. By supporting the operational needs of these facilities, Spiti Management enhances the living conditions for residents, providing stability and peace of mind within the community. Its collaboration with HANAC, Inc. further amplifies its impact, aligning housing resources with the needs of the community. This commitment fosters a sustainable environment that supports the well-being of vulnerable populations in Astoria, NY.
This information is meant to be a general summary of Spiti Management Company 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 2024.
- Program Service Revenue: $2,190,664
- Gross Receipts: $2,190,664
Assets and Liabilities:
- Total Assets: $1,154,769
- Total Liabilities: $1,104,940
- Net Assets: $49,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$1,102,880
CONTRACT SERVICES
Revenue
$1,063,784
OTHER PROGRAM INCOME
Revenue
$24,000
Organization Details
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