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Cape Vincent Housing Corp

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

EIN: 222485874 ✦ Cape vincent, NY ✦ Designated as a 501(c)(3)

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Overview

What is Cape Vincent Housing Corp?

Cape Vincent Housing Corp is a nonprofit organization situated in Cape Vincent, New York. Their primary mission is to offer affordable housing for individuals with disabilities of all ages, senior citizens aged sixty-two and above, and families and individuals with low to very low income levels. They achieve this goal by managing a 24-unit subsidized rental housing project, providing essential facilitators to cater to the unique needs of their residents. With a team of seven dedicated employees, Cape Vincent Housing Corp strives to make a positive impact on the lives of their community members.

Is Cape Vincent Housing Corp legitimate?

Cape Vincent Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Vincent Housing 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: $97,321

For more financial information, click here

What is the mission statement of Cape Vincent Housing Corp?

Cape Vincent Housing Corp's mission is centered around providing affordable housing solutions. Specifically, they aim to create low-income apartment projects that cater to the needs of elderly individuals over the age of 62 and individuals with disabilities, regardless of their age. This organization's activities involve the development and maintenance of subsidized rental housing units equipped with facilities to accommodate the unique needs of these groups. The goal is to ensure that these vulnerable populations have access to safe and suitable living spaces.

Who is the CEO of Cape Vincent Housing Corp?

James Mason is the President of Cape Vincent Housing Corp.

What is the revenue of Cape Vincent Housing Corp?

Cape Vincent Housing Corp's revenue in 2023 was $368,643.

Who are the executives of Cape Vincent Housing Corp and what are their salaries?

The average compensation at Cape Vincent Housing Corp during 2023 was $13,903. There are 7 employees at Cape Vincent Housing Corp.


Here are 7 key members and their salaries:


James Mason (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Perkins (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lester Phillipson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gareth Hogan (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary King (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Youngs (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Finerson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cape Vincent Housing Corp?

Cape Vincent Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Cape Vincent Housing Corp

Cape Vincent Housing Corp is dedicated to providing low-income housing projects for two distinct groups: elderly individuals over the age of 62 and handicapped individuals of all ages. This mission is carried out through the construction and management of subsidized rental housing facilities, designed to cater to the unique needs of these groups. The organization strives to create comfortable living spaces for handicapped individuals and the elderly, ensuring that they have access to essential facilities and services that cater to their specific requirements. Additionally, Cape Vincent Housing Corp extends its services to low-income families and individuals who meet the qualifying criteria. By offering affordable housing options, the nonprofit organization aims to contribute positively to the lives of these vulnerable groups, thereby enhancing their overall quality of life.

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Impact




October, 2024

Cape Vincent Housing Corp significantly improves the lives of elderly individuals over the age of 62 and handicapped persons of all ages by providing access to low-income apartment projects. By offering two 24-unit subsidized rental housing complexes, it addresses the critical housing needs of these vulnerable populations, ensuring they have stable and affordable living conditions. This initiative not only provides shelter but also promotes a sense of community and belonging among its residents. Furthermore, by catering to low and very low-income qualifying families and individuals, Cape Vincent Housing Corp plays a vital role in alleviating housing insecurity in Cape Vincent, NY. Its commitment to facilitating accessible living spaces enhances the quality of life for those it serves, contributing to their dignity and overall well-being.




This information is meant to be a general summary of Cape Vincent Housing 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.

Revenue
$368,643 (2023)
Expenses
$447,080 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,366
  • Program Service Revenue: $358,444
  • Gross Receipts: $368,643

Assets and Liabilities:

  • Total Assets: $1,983,568
  • Total Liabilities: $2,403,528
  • Net Assets: -$419,960

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Programs

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

RENTAL INCOME

Revenue

$212,301

FEES & CONTRACTS GOV A

Revenue

$146,143

Organization Details

Founding Year

1980

Principal Officer

James Mason

Main Address

419 CENTRE STREET, CAPE VINCENT, NY, 13618

NTEE Category

Code: L210 - Housing

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