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.
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- 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.
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
Phone
(315) 536-2440Principal Officer
Debra Hafleigh
Main Address
110 CHAPEL STREET, PENN YAN, NY, 14527
Website
www.stmarksterrace.netNTEE Category
Code: L22 - Housing
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