St Mark's Terrace Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 160958516 ✦ Penn yan, NY ✦ Designated as a 501(c)(3)

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Overview

What is St Mark's Terrace Housing Development Fund Corporation?

St. Mark's Terrace Housing Development Fund Corporation is a nonprofit organization located in Penn Yan, New York. Its primary mission is to offer affordable and safe housing for senior citizens, aged 62 or above, who wish to live independently. The housing complex is situated near essential amenities such as grocery stores, banks, churches, libraries, post offices, pharmacies, restaurants, and shopping districts, making it an appealing choice for many seniors who no longer wish to drive. Tenants may qualify for rental subsidies. The corporation strives to provide a secure and hospitable environment that enables its residents to maintain their dignity and independence while offering access to healthcare services, social, recreational, and spiritual activities. The organization currently employs 11 individuals.


Official website here: www.stmarksterrace.net

Is St Mark's Terrace Housing Development Fund Corporation legitimate?

St Mark's Terrace Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mark's Terrace Housing Development Fund Corporation 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: $51,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,551

For more financial information, click here


Official website here: www.stmarksterrace.net

What is the mission statement of St Mark's Terrace Housing Development Fund Corporation?

The St. Mark's Terrace Housing Development Fund Corporation is committed to providing a secure and welcoming environment for its residents, enabling them to maintain their dignity and independence. This is achieved by offering access to healthcare services, as well as social, recreational, and spiritual activities. The corporation's mission aims to ensure that its residents live comfortably, with convenient access to local amenities such as grocery stores, banks, churches, libraries, post offices, pharmacies, restaurants, and shopping districts. The housing development primarily serves low-income seniors who are 62 years or older and capable of living independently. In some cases, rental subsidies may be available for eligible tenants. The corporation currently serves 101 residents.


Official website here: www.stmarksterrace.net

Who is the CEO of St Mark's Terrace Housing Development Fund Corporation?

Debra Hafleigh is the President of St Mark's Terrace Housing Development Fund Corporation.


Official website here: www.stmarksterrace.net

What is the revenue of St Mark's Terrace Housing Development Fund Corporation?

St Mark's Terrace Housing Development Fund Corporation's revenue in 2022 was $652,482.


Official website here: www.stmarksterrace.net

Who are the executives of St Mark's Terrace Housing Development Fund Corporation and what are their salaries?

The average compensation at St Mark's Terrace Housing Development Fund Corporation during 2022 was $22,258. There are 11 employees at St Mark's Terrace Housing Development Fund Corporation.


Here are 12 key members and their salaries:


Rev Columba Salamony (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Harris (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Hopkins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Christiansen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Harris (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Bacher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail Belmore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Baron (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Craig Sandberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Henderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Wolden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Hafleigh (Administrator)
  • Compensation: $51,286
  • Related: $31,537
  • Other: $12,221


Official website here: www.stmarksterrace.net

Where can I find the form 990 for St Mark's Terrace Housing Development Fund Corporation?

St Mark's Terrace Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.stmarksterrace.net

Learn more at the official website: www.stmarksterrace.net

Mission Statement of St Mark's Terrace Housing Development Fund Corporation

St. Mark's Terrace Housing Development Fund Corporation is dedicated to providing a secure and welcoming environment that allows its residents to uphold their dignity and independence. This is achieved by offering access to essential health care services, alongside social, recreational, and spiritual activities. The organization's primary goal is to create a setting where seniors can maintain their independence while benefiting from a supportive community. By offering affordable and safe housing in a location that is convenient to local amenities such as grocery stores, banks, churches, libraries, post offices, pharmacies, restaurants, and shopping districts, St. Mark's Terrace Housing Development Fund Corporation attracts many seniors who no longer wish to drive. Tenants must be 62 years or older and be capable of living independently. Eligible tenants may also qualify for rental subsidies. Overall, St. Mark's Terrace Housing Development Fund Corporation strives to create a nurturing environment that supports the well-being and independence of its senior residents.

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Impact




October, 2024

St. Mark's Terrace Housing Development Fund Corporation significantly enhances the quality of life for low-income seniors in Penn Yan, New York, by providing affordable and safe housing options. By focusing on residents aged 62 years or older, the corporation ensures that these individuals have a secure and hospitable environment that promotes dignity and independence.

The proximity to essential local amenities, such as grocery stores, banks, churches, public libraries, post offices, pharmacies, and restaurants, addresses the needs of seniors who may prefer not to drive. This accessibility encourages social interaction, enhances community engagement, and allows residents to maintain their independence.

Additionally, the incorporation of health care services, along with social, recreational, and spiritual activities, fosters a holistic approach to senior living. It not only addresses their housing needs but also supports their overall well-being, ensuring a vibrant lifestyle that values both health and community involvement. With the capacity to serve 101 tenants, St. Mark's Terrace plays a crucial role in enriching the lives of seniors and effectively meeting the challenges of aging in place.




This information is meant to be a general summary of St Mark's Terrace Housing Development Fund Corporation. 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.

Revenue
$652,482 (2022)
Expenses
$740,803 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $774
  • Program Service Revenue: $587,957
  • Gross Receipts: $652,482

Assets and Liabilities:

  • Total Assets: $1,129,403
  • Total Liabilities: $334,509
  • Net Assets: $794,894

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$487,018

TENANT ASSISTANCE PAYM

Revenue

$55,744

SERVICE COORDINATOR

Revenue

$45,195

Organization Details

Founding Year

1968

Principal Officer

Debra Hafleigh

Main Address

110 CHAPEL STREET, PENN YAN, NY, 14527

NTEE Category

Code: L22 - Housing

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