Overview
What is Grant Pierce Housing Inc C/O Cornell Management Corp?
Grant Pierce Housing Inc, under the management of Cornell Management Corp, is a nonprofit organization based in New Bedford, Massachusetts. Their primary mission is to provide affordable housing for elderly, physically handicapped, and low-income individuals and families. Previously, they managed a housing facility, but in 2016, the building was transferred to another entity and redeveloped as a multi-family affordable housing project. Currently, Grant Pierce Housing Inc acts as the manager and developer for this project, overseeing its operations in compliance with regulations from the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Section 8 of the National Housing Act.
Is Grant Pierce Housing Inc C/O Cornell Management Corp legitimate?
Grant Pierce Housing Inc C/O Cornell Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grant Pierce Housing Inc C/O Cornell Management Corp 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: $0
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What is the mission statement of Grant Pierce Housing Inc C/O Cornell Management Corp?
Grant Pierce Housing Inc. C/O Cornell Management Corp., as a housing organization, is committed to acquiring, owning, and operating housing units for elderly, physically handicapped, and low-income individuals and families. Their operations are regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Section 8 of the National Housing Act. Previously, they provided housing to elderly low-income persons, but in 2016, the building was transferred to another entity and was subsequently rehabilitated into a multi-family affordable housing development. Currently, Grant Pierce Housing Inc. functions as the manager and developer for this affordable housing project.
Who is the CEO of Grant Pierce Housing Inc C/O Cornell Management Corp?
Edward Rogers is the Treasurer of Grant Pierce Housing Inc C/O Cornell Management Corp.
What is the revenue of Grant Pierce Housing Inc C/O Cornell Management Corp?
Grant Pierce Housing Inc C/O Cornell Management Corp's revenue in 2022 was $82,765.
Who are the executives of Grant Pierce Housing Inc C/O Cornell Management Corp and what are their salaries?
There 4 volunteers at Grant Pierce Housing Inc C/O Cornell Management Corp.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Grant Pierce Housing Inc C/O Cornell Management Corp?
Grant Pierce Housing Inc C/O Cornell Management Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grant Pierce Housing Inc C/O Cornell Management Corp
Grant Pierce Housing Inc. C/O Cornell Management Corp is dedicated to acquiring, owning, and operating housing for individuals and families who fall under the categories of elderly, physically handicapped, and those with low income. Regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 202 and Section 8 of the National Housing Act, this nonprofit organization seeks to provide affordable housing solutions for these vulnerable groups.
Previously, Grant Pierce Housing Inc. had been responsible for providing housing to elderly low-income individuals. However, in 2016, the building was transferred to another entity and underwent rehabilitation, transforming it into a multi-family affordable housing development. Since then, Grant Pierce Housing Inc. has taken on the role as the manager and developer for this project, continuing to uphold its commitment to affordable housing for these specific demographics.
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Impact
October, 2024
Grant Pierce Housing Inc, through its management by Cornell Management Corp, plays a vital role in addressing housing needs for vulnerable populations, including the elderly, physically handicapped individuals, and low-income families. By acquiring, owning, and operating affordable housing, the organization facilitates access to secure and stable living environments that promote dignity and enhance the quality of life for its residents.
The rehabilitation of the building previously designed for elderly low-income persons into a multifamily affordable housing development demonstrates a commitment to adapting to community needs. This transition not only increases the availability of affordable housing in New Bedford, MA, but also ensures that the diverse needs of its residents are met. With oversight from the U.S. Department of Housing and Urban Development, Grant Pierce Housing adheres to stringent federal guidelines, ensuring that the housing maintained meets high standards of safety and affordability.
Through its initiatives, Grant Pierce Housing Inc contributes significantly to mitigating homelessness and housing insecurity, while fostering a sense of community among its residents. The organization's efforts not only improve individual circumstances but also have a positive ripple effect on the broader community by promoting stability, safety, and inclusivity.
This information is meant to be a general summary of Grant Pierce Housing Inc C/O Cornell Management Corp. 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: $17,296
- Program Service Revenue: $65,217
- Gross Receipts: $82,765
Assets and Liabilities:
- Total Assets: $223,637
- Total Liabilities: $0
- Net Assets: $223,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE
Revenue
$65,217
Organization Details
Founding Year
2005
Phone
(508) 991-5715Principal Officer
Edward Rogers
Main Address
651 ORCHARD STREET, NEW BEDFORD, MA, 02744
NTEE Category
Code: P73 - Human services
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