Overview
What is Matthew 25 Inc?
Matthew 25 Inc is a nonprofit organization located at 52 Queen Street, Worcester, Massachusetts. Their primary mission is to aid individuals and families in need by providing them with housing and essential resources. To achieve this, they invest in the renovation of distressed properties, transforming them into affordable rental units for low-income residents. Furthermore, Matthew 25 Inc extends its support to the community by offering food and various forms of relief to those in need.
Official website here: www.matt25.org
Is Matthew 25 Inc legitimate?
Matthew 25 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Matthew 25 Inc 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: $19,132
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Official website here: www.matt25.org
What is the mission statement of Matthew 25 Inc?
Matthew 25 Inc's mission statement involves purchasing and renovating distressed residential properties, subsequently renting these refurbished homes to low-income individuals and families. Furthermore, the organization extends its support to those in need by providing food and other forms of relief. In essence, Matthew 25 Inc's mission is geared towards offering housing solutions and essential aid to individuals and families who are financially disadvantaged.
Official website here: www.matt25.org
What is the revenue of Matthew 25 Inc?
Matthew 25 Inc's revenue in 2024 was $369,854.
Official website here: www.matt25.org
Who are the executives of Matthew 25 Inc and what are their salaries?
The average compensation at Matthew 25 Inc during 2024 was $9,566. There are 2 employees and 150 volunteers at Matthew 25 Inc.
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Official website here: www.matt25.org
Where can I find the form 990 for Matthew 25 Inc?
Matthew 25 Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.matt25.org
Learn more at the official website: www.matt25.org
Mission Statement of Matthew 25 Inc
Matthew 25 Inc, a nonprofit organization, is committed to improving the lives of individuals and families in need. Their mission is multifaceted, encompassing the purchase and renovation of distressed residential properties. Once these properties are restored, they are rented out at affordable prices to low-income individuals and families. Beyond providing housing, Matthew 25 Inc extends its support to the community by offering food and other forms of relief. This holistic approach to assisting those in poverty ensures that the organization's beneficiaries have not only a place to call home but also essential resources to sustain their daily lives.
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Impact
October, 2024
Matthew 25 Inc significantly impacts the Worcester community by transforming distressed residential properties into safe, affordable housing for low-income individuals and families. By purchasing and renovating these properties, the organization not only improves local housing standards but also fosters a sense of stability and security for its tenants.
Beyond housing, Matthew 25 Inc addresses broader needs within the community through food assistance and other relief services, ensuring that vulnerable populations have access to essential resources. This holistic approach helps to alleviate poverty, reduce homelessness, and promote overall well-being among those they serve. The organization's commitment to enhancing living conditions and supporting basic needs establishes a vital safety net for many in Worcester, making a meaningful difference in the lives of individuals and families facing financial hardship.
This information is meant to be a general summary of Matthew 25 Inc. 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 2024.
- Investment Income: $7,778
- Program Service Revenue: $214,131
- Gross Receipts: $369,854
Assets and Liabilities:
- Total Assets: $2,250,421
- Total Liabilities: $88,170
- Net Assets: $2,162,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Provide Housing-Rent
Revenue
$214,131
Organization Details
Founding Year
1988
Principal Officer
Frederick Enman
Website
www.matt25.orgNTEE Category
Code: L80 - Housing
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