Overview
What is The Riese St Gerard Housing Corp?
The Riese St Gerard Housing Corp is a nonprofit organization situated in Paterson, New Jersey. Their primary mission is to provide affordable housing for senior citizens, with a total of 30 units available. This housing project falls under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring fair rental charges and operating methods. The corporation manages these units, contributing to the well-being of the local elderly community in Paterson. With a modest workforce of two individuals, The Riese St Gerard Housing Corp serves its purpose effectively.
Is The Riese St Gerard Housing Corp legitimate?
The Riese St Gerard Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Riese St Gerard 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: $75,640
For more financial information, click here
What is the mission statement of The Riese St Gerard Housing Corp?
The Riese St Gerard Housing Corp's mission is centered around providing low-income housing for senior citizens. Operating under Section 202 of the National Housing Act, the corporation manages a 31-unit project. Regulated by the U.S. Department of Housing and Urban Development (HUD), the corporation ensures that rental charges and operating methods adhere to the regulations set by this authority. The primary goal of The Riese St Gerard Housing Corp is to offer affordable housing for senior citizens, with 30 units available for rental.
Who is the CEO of The Riese St Gerard Housing Corp?
Rev Msgr Herbert Tillyer is the Principal Officer of The Riese St Gerard Housing Corp.
What is the revenue of The Riese St Gerard Housing Corp?
The Riese St Gerard Housing Corp's revenue in 2022 was $386,006.
Who are the executives of The Riese St Gerard Housing Corp and what are their salaries?
The average compensation at The Riese St Gerard Housing Corp during 2022 was $37,820. There are 2 employees and 10 volunteers at The Riese St Gerard Housing Corp.
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Where can I find the form 990 for The Riese St Gerard Housing Corp?
The Riese St Gerard Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Riese St Gerard Housing Corp
The Riese St. Gerard Housing Corp is committed to providing affordable housing for low-income senior citizens. Operating under Section 202 of the National Housing Act, this organization manages a 31-unit senior housing project. Regulated by the U.S. Department of Housing and Urban Development (HUD), the corporation ensures that the rental charges and operating methods adhere to the set guidelines. The primary mission of The Riese St. Gerard Housing Corp is to offer a home to senior citizens who may be financially challenged, providing them with 30 rental units within the project.
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Impact
October, 2024
The Riese St Gerard Housing Corp significantly impacts the community by providing affordable housing for low-income senior citizens in Paterson, NJ. With a 31-unit senior housing project operated under Section 202 of the National Housing Act, it ensures that vulnerable elderly residents have access to safe and stable living conditions. By adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD), the organization effectively manages rental charges and operational methods, making it a reliable resource for seniors in need of housing. This project not only addresses housing scarcity for elderly individuals but also fosters a supportive community environment, enhancing the quality of life for its residents.
This information is meant to be a general summary of The Riese St Gerard 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $691
- Program Service Revenue: $383,760
- Gross Receipts: $386,006
Assets and Liabilities:
- Total Assets: $1,132,962
- Total Liabilities: $57,035
- Net Assets: $1,075,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - SENIOR
Revenue
$383,760
Organization Details
Founding Year
1986
Phone
(973) 389-0420Principal Officer
Rev Msgr Herbert Tillyer
Main Address
505 WEST BROADWAY, PATERSON, NJ, 07522
NTEE Category
Code: L22Z - Housing
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