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77 Magazine House Inc

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

EIN: 223041897 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is 77 Magazine House Inc?

77 Magazine House Inc is a nonprofit organization situated in Cambridge, Massachusetts, dedicated to offering subsidized housing facilities. Their mission is to provide Residential, Supported, and Independent Living Facilities for low-income families struggling with chronic mental illnesses. The organization maintains around 10 units specifically designed for chronically mentally disabled residents, ensuring a supportive living environment.


Official website here: www.cascap.org

Is 77 Magazine House Inc legitimate?

77 Magazine House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 77 Magazine House Inc submitted a form 990EZ, 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.


Official website here: www.cascap.org

What is the mission statement of 77 Magazine House Inc?

77 Magazine House Inc's mission is centered around providing housing facilities for low-income families dealing with chronic mental illnesses. The organization operates three types of living spaces: residential, supported, and independent. Their primary focus is on chronically mentally disabled individuals, offering them a total of around 10 units in their facility. The mission of 77 Magazine House Inc is to offer a safe and supportive environment, aiming to improve the quality of life for these individuals.


Official website here: www.cascap.org

Who is the CEO of 77 Magazine House Inc?

Louise Elving is the President of 77 Magazine House Inc.


Official website here: www.cascap.org

What is the revenue of 77 Magazine House Inc?

77 Magazine House Inc's revenue in 2022 was $157,806.


Official website here: www.cascap.org

Who are the executives of 77 Magazine House Inc and what are their salaries?


Here are 5 key members and their salaries:


Louise Elving (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Bombard (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hixson (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Drury (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent O'Donnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cascap.org

Where can I find the form 990EZ for 77 Magazine House Inc?

77 Magazine House Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.cascap.org

Learn more at the official website: www.cascap.org

Mission Statement of 77 Magazine House Inc

77 Magazine House, a nonprofit organization, is dedicated to providing housing solutions for low-income families dealing with chronic mental illnesses. Specifically, it operates a subsidized facility that offers Residential, Supported, and Independent Living Facilities. This housing complex, housing approximately ten units, is meticulously maintained for residents living with chronic mental disabilities. The organization's mission is to offer a safe and supportive environment, enabling these individuals to live with dignity and independence.

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Impact




October, 2024

77 Magazine House Inc plays a crucial role in providing essential housing solutions for low-income families grappling with chronic mental illnesses in Cambridge, Massachusetts. By operating a subsidized housing facility, it offers Residential, Supported, and Independent Living Facilities specifically tailored to meet the needs of individuals facing mental health challenges.

With approximately 10 units dedicated to chronically mentally disabled residents, 77 Magazine House Inc fosters a supportive community where residents can find stability and a sense of belonging. The organization not only addresses immediate housing needs but also contributes to the overall well-being of both residents and the wider community by promoting mental health awareness and offering a safe, nurturing environment. Through its mission, 77 Magazine House Inc positively impacts the lives of vulnerable families by facilitating access to housing and enhancing their quality of life.




This information is meant to be a general summary of 77 Magazine House 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.

Revenue
$157,806 (2022)
Expenses
$140,579 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $29
  • Program Service Revenue: $157,777
  • Gross Receipts: $157,806

Assets and Liabilities:

  • Total Assets: $386,709
  • Total Liabilities: $598,379
  • Net Assets: -$211,670

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Organization Details

Principal Officer

Louise Elving

Main Address

810 MEMORIAL DRIVE 107, CAMBRIDGE, MA, 02139

NTEE Category

Code: L20Z - Housing

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