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Andover Historic Preservation Corporation

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

EIN: 222308597 ✦ Andover, NY ✦ Designated as a 501(c)(3)

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Overview

What is Andover Historic Preservation Corporation?

The Andover Historic Preservation Corporation is a community-focused organization based in Andover, New York, situated at 22 E Greenwood Street. Their primary mission is to enhance the quality of life in the local area by preserving, rehabilitating, and redeveloping both residential and commercial properties. They also provide rental housing as a means of transitional accommodation for qualified low and moderate-income individuals, families, and the elderly, with a goal of fostering home ownership within the community. The organization boasts a dedicated workforce of three individuals, working tirelessly to improve the community's housing infrastructure and overall wellbeing.

Is Andover Historic Preservation Corporation legitimate?

Andover Historic Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Andover Historic Preservation 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: $59,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,111

For more financial information, click here

What is the mission statement of Andover Historic Preservation Corporation?

The Andover Historic Preservation Corporation is a community-driven organization with a mission to enhance the quality of life for individuals and the community in a specific area. They achieve this by preserving, rehabilitating, and developing both residential and commercial properties. Additionally, they provide rental housing as part of their endeavors. The organization's initiatives aim to improve housing for qualified low and moderate-income individuals and families, as well as contribute to the improvement of rural housing stock. Furthermore, they have a rental program to offer transitional housing to eligible individuals, families, and the elderly, with a focus on the transition to home ownership within the local community.

Who is the CEO of Andover Historic Preservation Corporation?

Franklin Russell is the Chairman of Andover Historic Preservation Corporation.

What is the revenue of Andover Historic Preservation Corporation?

Andover Historic Preservation Corporation's revenue in 2022 was $418,846.

Who are the executives of Andover Historic Preservation Corporation and what are their salaries?

The average compensation at Andover Historic Preservation Corporation during 2022 was $31,187. There are 3 employees at Andover Historic Preservation Corporation.


Here are 5 key members and their salaries:


Franklin Russell (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Schaut (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeri Reichman (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Frost (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Dean (Executive Director)
  • Compensation: $64,010
  • Related: $0
  • Other: $0
Where can I find the form 990 for Andover Historic Preservation Corporation?

Andover Historic Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Andover Historic Preservation Corporation

Andover Historic Preservation Corporation is a community-driven organization committed to enhancing the living standards of individuals and the community in the greater Andover, New York area. Their mission is twofold: firstly, they focus on the preservation, rehabilitation, and revitalization of residential and commercial properties. This initiative aims to revitalize the community and create a more appealing living environment. Secondly, the corporation provides rental housing as a means of improving quality of life for qualifying low and moderate income individuals and families. In addition to this, they are involved in rural housing stock initiatives and local home improvements. Furthermore, Andover Historic Preservation Corporation operates a rental program, providing transitional housing to eligible low and moderate income individuals, families, and the elderly. Their ultimate goal is to facilitate the transition to home ownership within the local community.

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Impact




October, 2024

The Andover Historic Preservation Corporation significantly enhances the quality of life for residents in the Greater Andover, New York area through dedicated efforts in the preservation, rehabilitation, and redevelopment of properties. By focusing on residential and commercial spaces, the organization contributes to a vibrant community atmosphere while also addressing the critical need for affordable housing.

Through targeted programs designed for low and moderate-income individuals and families, the Corporation facilitates essential housing improvements that uplift the living standards of residents. Its initiatives not only enhance the aesthetic appeal and functionality of homes but also ensure that the rural housing stock is maintained and improved, thus preserving the character of the community.

In addition to housing improvements, the organization offers a transitional rental program, providing essential support for low and moderate-income individuals, families, and the elderly. This program plays a vital role in helping residents move towards homeownership, fostering stability and investment in the community. Ultimately, the Andover Historic Preservation Corporation's efforts create a lasting impact on both individual lives and the overall health of the Greater Andover community.




This information is meant to be a general summary of Andover Historic Preservation 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
$418,846 (2022)
Expenses
$433,167 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7
  • Program Service Revenue: $1,517
  • Gross Receipts: $494,053

Assets and Liabilities:

  • Total Assets: $566,056
  • Total Liabilities: $130,948
  • Net Assets: $435,108

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Programs

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

LAUNDRY COLLECTION

Revenue

$1,457

RENTAL MANAGEMENT FEES

Revenue

$60

Organization Details

Founding Year

1988

Principal Officer

Franklin Russell

Main Address

22 E GREENWOOD STREET, ANDOVER, NY, 14806

NTEE Category

Code: A82Z - Arts

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