Overview
What is Marie Rose Manor Housing Development Fund Company Inc?
Marie Rose Manor Housing Development Fund Company Inc is a nonprofit organization situated in Slingerlands, New York. Their primary mission is to cater to the housing needs of elderly individuals with low income. They achieve this by consistently managing and operating a 50-unit complex, which is facilitated by Section 202 of the National Housing Act. This project is backed by a contract with the US Department of H., ensuring that all expenses are directly linked to this mission. The organization's purpose is to provide affordable housing for the elderly, thereby contributing to the community in an essential way.
Is Marie Rose Manor Housing Development Fund Company Inc legitimate?
Marie Rose Manor Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marie Rose Manor Housing Development Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,421
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What is the mission statement of Marie Rose Manor Housing Development Fund Company Inc?
Marie Rose Manor Housing Development Fund Company Inc is dedicated to providing affordable housing for low-income elderly individuals. They accomplish this by maintaining and operating a 50-unit complex, in line with Section 202 of the National Housing Act. The company's mission is subsidized by a contract with the US Department of H, ensuring that the expenses are directly related to this objective. Their primary focus is on ensuring the comfort and security of their residents in Slingerlands, NY.
Who is the CEO of Marie Rose Manor Housing Development Fund Company Inc?
Noel Olsen is the Member of Marie Rose Manor Housing Development Fund Company Inc.
What is the revenue of Marie Rose Manor Housing Development Fund Company Inc?
Marie Rose Manor Housing Development Fund Company Inc's revenue in 2023 was $294,620.
Who are the executives of Marie Rose Manor Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Marie Rose Manor Housing Development Fund Company Inc?
Marie Rose Manor Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marie Rose Manor Housing Development Fund Company Inc
Marie Rose Manor Housing Development Fund Company, a nonprofit organization, is dedicated to providing low-income housing. They accomplish this mission by consistently maintaining and operating a 50-unit complex specifically for elderly individuals. This endeavor is carried out under Section 202 of the National Housing Act and is supported by a contract with the US Department of H. The organization's expenses are directly related to this mission, ensuring that elderly individuals in need have access to suitable housing.
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Impact
October, 2024
Marie Rose Manor Housing Development Fund Company Inc significantly impacts the Slingerlands, NY community by providing essential low-income housing for elderly individuals. By maintaining and operating a 50-unit complex, the organization ensures that seniors have access to safe, affordable housing tailored to their needs. This initiative not only promotes stability for residents but also fosters a sense of community among them. The support from the US Department of Housing through Section 202 of the National Housing Act further enhances its capacity to deliver vital services, enabling elderly individuals to live with dignity and security. Through this commitment, Marie Rose Manor plays a crucial role in addressing the housing challenges faced by low-income seniors, contributing to overall public benefit.
This information is meant to be a general summary of Marie Rose Manor Housing Development Fund 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 2023.
- Investment Income: $1,605
- Program Service Revenue: $192,322
- Gross Receipts: $294,620
Assets and Liabilities:
- Total Assets: $1,167,482
- Total Liabilities: $3,333,031
- Net Assets: -$2,165,549
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$192,322
Organization Details
Founding Year
1996
Phone
(518) 459-0183Principal Officer
Noel Olsen
Main Address
100 MARQUIS AVENUE, SLINGERLANDS, NY, 12159
NTEE Category
Code: W30 - Public benefit
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