Overview
What is Terryville Retirement Community Corporation?
Terryville Retirement Community Corporation is a nonprofit organization that specializes in providing affordable housing for the elderly. With 34 units, they cater to this demographic, ensuring their residences are subsidized by the rural development division of the U.S. Department of Agriculture. This support allows low-income elderly individuals to secure a place to live with ease. The corporation's main activity revolves around managing and operating these subsidized housing units, thereby contributing to the well-being of the elderly community in an economically viable manner.
Is Terryville Retirement Community Corporation legitimate?
Terryville Retirement Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terryville Retirement Community 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:
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Other Salaries and Wages: $39,869
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What is the mission statement of Terryville Retirement Community Corporation?
The Terryville Retirement Community Corporation's primary role is to manage and operate 34 units of affordable housing for the elderly. This housing is supported by rural development, a division of the U.S. Department of Agriculture. The organization's mission revolves around providing rental accommodations for low-income elderly individuals, ensuring they have a place to call home. The corporation's activities are aimed at contributing to the well-being of the elderly population, providing them with a secure living environment.
Who is the CEO of Terryville Retirement Community Corporation?
Gerald Wunsch is the Director of Terryville Retirement Community Corporation.
What is the revenue of Terryville Retirement Community Corporation?
Terryville Retirement Community Corporation's revenue in 2022 was $291,133.
Who are the executives of Terryville Retirement Community Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Terryville Retirement Community Corporation?
Terryville Retirement Community Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terryville Retirement Community Corporation
Terryville Retirement Community Corporation is dedicated to providing affordable housing for the elderly, with a focus on those with limited income. This nonprofit organization accomplishes this mission through its ownership and operation of 34 housing units, which are subsidized by Rural Development, a division of the U.S. Department of Agriculture. By managing these subsidized units, Terryville Retirement Community Corporation ensures that elderly individuals can continue living independently, without facing excessive housing costs. The rental of these low-income elderly housing units is a key aspect of the corporation's mission, aiming to provide a comfortable and affordable living environment for its residents.
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Impact
October, 2024
Terryville Retirement Community Corporation plays a crucial role in providing safe and affordable housing for low-income elderly individuals in Terryville, CT. By owning and operating 34 subsidized housing units, the Corporation directly addresses the housing needs of vulnerable seniors in the community, ensuring they have access to stable living conditions.
The integration of rural development subsidies facilitates affordable rent, making it possible for residents to maintain their independence while living in a supportive environment. This initiative not only enhances the quality of life for seniors but also fosters a sense of community among residents, allowing them to age in place with dignity and security. In a broader sense, the Corporation contributes to the overall wellbeing of the community by helping to alleviate housing insecurity among the elderly population.
This information is meant to be a general summary of Terryville Retirement Community 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: $38
- Program Service Revenue: $291,095
- Gross Receipts: $291,133
Assets and Liabilities:
- Total Assets: $1,165,514
- Total Liabilities: $2,154,432
- Net Assets: -$988,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$291,095
Organization Details
Founding Year
1983
Phone
(203) 230-4809Principal Officer
Gerald Wunsch
Main Address
20 EAST ORCHARD ST, TERRYVILLE, CT, 06786
NTEE Category
Code: L22 - Housing
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