Overview
What is Rochester Management Inc?
Rochester Management Inc, stationed in Rochester, New York, is a nonprofit organization specializing in managing affordable housing projects. With a workforce of 209 individuals, they collaborate with nonprofit housing corporations to provide clean, safe, and well-maintained rental properties, including apartments and townhouses. Their mission extends to making these dwellings accessible in various locations across the city, ensuring affordability for a diverse range of residents.
Official website here: www.rochestermanagement.com
Is Rochester Management Inc legitimate?
Rochester Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Management 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: $411,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,849,913
For more financial information, click here
Official website here: www.rochestermanagement.com
What is the mission statement of Rochester Management Inc?
Rochester Management Inc, as an organization, is committed to providing clean, safe, well-maintained, and affordable apartments and townhouses that cater to a wide range of individuals. Their mission is to make these housing options available in various locations, ensuring accessibility for many people. By managing low to middle-income rental housing projects for nonprofit housing corporations, Rochester Management Inc contributes to the provision of affordable living spaces, promoting a sense of community and inclusivity.
Official website here: www.rochestermanagement.com
What is the revenue of Rochester Management Inc?
Rochester Management Inc's revenue in 2023 was $11,884,676.
Official website here: www.rochestermanagement.com
Who are the executives of Rochester Management Inc and what are their salaries?
The average compensation at Rochester Management Inc during 2023 was $34,711. There are 238 employees and 7 volunteers at Rochester Management Inc.
Here are 11 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $244,117
- Related: $0
- Other: $20,062
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $146,736
- Related: $0
- Other: $402
- Compensation: $103,649
- Related: $0
- Other: $5,620
- Compensation: $119,754
- Related: $0
- Other: $17,444
Official website here: www.rochestermanagement.com
Where can I find the form 990 for Rochester Management Inc?
Rochester Management Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rochestermanagement.com
Learn more at the official website: www.rochestermanagement.com
Mission Statement of Rochester Management Inc
Rochester Management Inc, a nonprofit organization, is dedicated to providing clean, safe, well-maintained, and affordable apartments and townhouses for a diverse range of individuals. Their mission is to cater to the housing needs of low to middle-income families, ensuring that every resident can call these properties their home. By managing rental housing projects, Rochester Management Inc plays a crucial role in making quality living spaces accessible to all, contributing to the well-being of the community.
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Impact
October, 2024
Rochester Management Inc. plays a crucial role in enhancing the quality of life for residents in Rochester, New York, by providing clean, safe, and well-maintained apartments and townhouses. Their focus on affordability makes housing accessible to low and middle-income families, contributing to community stability and cohesion.
By managing a variety of rental housing projects, Rochester Management Inc. ensures that diverse populations can find suitable living arrangements in multiple locations across the city. The organization’s commitment to maintaining high standards in property management not only improves living conditions but also fosters a sense of pride among residents. Their efforts help to alleviate housing insecurity, allowing individuals and families to thrive in safe environments.
In addition, by creating and maintaining affordable housing options, Rochester Management Inc. addresses broader social issues such as economic inequality and homelessness, making a lasting impact on the community. Through their initiatives, they contribute to a more equitable and supportive urban landscape where everyone has the opportunity to live in dignified conditions.
This information is meant to be a general summary of Rochester Management 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: $349,747
- Program Service Revenue: $10,796,497
- Gross Receipts: $12,240,701
Assets and Liabilities:
- Total Assets: $15,664,481
- Total Liabilities: $1,381,215
- Net Assets: $14,283,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT EXP. REIMBURSEMENT
Revenue
$7,558,119
MANAGEMENT FEE REVENUE
Revenue
$2,772,161
DEVELOPMENT FEE INCOME
Revenue
$289,000
OTHER TENANT CHARGES
Revenue
$177,217
Organization Details
Founding Year
1998
Principal Officer
Margaret J Hill
Website
www.rochestermanagement.comNTEE Category
Code: L21 - Housing
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