Overview
What is Webster Towers Inc C/O Hbs Management Company?
Webster Towers Inc C/O Hbs Management Company is a nonprofit organization situated in Scranton, Pennsylvania. Their primary mission is to provide affordable housing for elderly residents in the Greater Scranton area. Over the past five years, they've invested 1.3 million dollars in property and equipment improvements, ensuring their 85 units remain comfortable, clean, and modern. The organization's commitment to affordability is evident in their rent rates, which consistently fall below market rates, making their housing accessible to lower-income elderly citizens. The result is a source of pride not only for their residents but also for the wider community, showcasing the organization's dedication to its mission.
Is Webster Towers Inc C/O Hbs Management Company legitimate?
Webster Towers Inc C/O Hbs Management Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Towers Inc C/O Hbs Management Company 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: $147,576
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What is the mission statement of Webster Towers Inc C/O Hbs Management Company?
Webster Towers Inc C/O Hbs Management Company, as a not-for-profit organization, is dedicated to providing affordable housing for elderly residents in an area. The housing is designed to be comfortable, clean, modern, and safe. The organization fulfills its mission by consistently investing in the aesthetic and physical quality of its 85 residential units. By doing so, it ensures that the rents remain lower than the prevailing market rates in the region. This makes the units an affordable option for current and potential tenants with lower incomes. The organization's commitment to affordability and quality housing serves the elderly population, providing them with a suitable living environment.
Who is the CEO of Webster Towers Inc C/O Hbs Management Company?
Michael Greenstein is the Director of Webster Towers Inc C/O Hbs Management Company.
What is the revenue of Webster Towers Inc C/O Hbs Management Company?
Webster Towers Inc C/O Hbs Management Company's revenue in 2023 was $785,225.
Who are the executives of Webster Towers Inc C/O Hbs Management Company and what are their salaries?
The average compensation at Webster Towers Inc C/O Hbs Management Company during 2023 was $49,192. There are 3 employees and 23 volunteers at Webster Towers Inc C/O Hbs Management Company.
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Where can I find the form 990 for Webster Towers Inc C/O Hbs Management Company?
Webster Towers Inc C/O Hbs Management Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Webster Towers Inc C/O Hbs Management Company
Webster Towers Inc C/O Hbs Management Company is a not-for-profit entity committed to providing affordable housing for elderly residents in various areas of Pennsylvania. The organization's mission is twofold: firstly, it strives to ensure that the 85 residential units under its management are comfortable, clean, modern, and safe. Secondly, Webster Towers consistently invests in the aesthetic and physical quality of its units, maintaining them at a standard that is lower than the prevailing market rent rates in the region. By doing so, it makes these units affordable for individuals with lower incomes, who may otherwise struggle to secure suitable housing. This mission of providing affordable and high-quality housing is a significant contribution to the well-being of its elderly residents, enabling them to live in a safe and comfortable environment.
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Impact
October, 2024
Webster Towers Inc C/O Hbs Management Company significantly impacts the Greater Scranton area by providing affordable housing tailored for elderly residents. With 85 units, the organization ensures that these living spaces are not only clean and safe but also modern and comfortable, greatly enhancing the quality of life for its tenants.
By investing over $1.3 million in property improvements and renovations over the last five years, Webster Towers has created an environment that fosters pride among its residents and contributes positively to the community's aesthetic appeal. This investment enables the organization to maintain consistent rental rates that are lower than the prevailing market, making it accessible for elderly individuals with lower incomes.
Webster Towers plays a crucial role in addressing the housing needs of seniors in Scranton, helping to prevent homelessness and ensuring that elderly citizens enjoy a dignified living experience. Through its commitment to affordable, high-quality housing, the organization not only supports vulnerable populations but also strengthens the social fabric of the community.
This information is meant to be a general summary of Webster Towers Inc C/O Hbs Management Company. 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 2023.
- Investment Income: $647
- Program Service Revenue: $749,281
- Gross Receipts: $785,225
Assets and Liabilities:
- Total Assets: $1,748,108
- Total Liabilities: $394,721
- Net Assets: $1,353,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELDERLY & LOW INCOME HOUSING
Revenue
$741,139
LAUNDRY & VENDING REVENUE
Revenue
$5,667
DAMAGE & CLEANING FEES
Revenue
$2,475
Organization Details
Founding Year
1976
Phone
(570) 346-0759Principal Officer
Michael Greenstein
Main Address
425 ALDER STREET, SCRANTON, PA, 18505
NTEE Category
Code: L22 - Housing
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