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Appletree Housing Inc

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

EIN: 232965144 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Appletree Housing Inc?

Appletree Housing Inc, situated in Philadelphia, Pennsylvania, is a dedicated nonprofit organization that specializes in providing affordable housing for low-income single parents, former homeless families, and individuals striving to break the cycle of poverty. Their mission involves offering property management for 19 housing units, while simultaneously providing additional resources to support these families in their personal development and self-sufficiency journey. Through this holistic approach, Appletree Housing Inc encourages their residents to focus on education, parenting, financial management, employment, and personal growth, ultimately aiming to foster a sustainable future for themselves and their families.

Is Appletree Housing Inc legitimate?

Appletree Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appletree Housing 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,319

For more financial information, click here

What is the mission statement of Appletree Housing Inc?

Appletree Housing Inc is committed to providing affordable housing for low-income families, single parents, and those who have previously experienced homelessness. Their mission is to assist these individuals in breaking the cycle of poverty by encouraging them to focus on education, parenting, financial management, employment, and personal development. The organization's goal is to provide a supportive environment that empowers these families to achieve their goals and improve their lives. Appletree Housing Inc offers property management services for 19 units of affordable housing, and they provide other real estate services to this population, often those participating in a self-sufficiency program.

Who is the CEO of Appletree Housing Inc?

Thomas Ak Queenan is the President & Ceo Since June 2022 of Appletree Housing Inc. The CEO's salary of Appletree Housing Inc is $0 and their total compensation is $0.

What is the revenue of Appletree Housing Inc?

Appletree Housing Inc's revenue in 2022 was $358,869.

Who are the executives of Appletree Housing Inc and what are their salaries?


Here are 3 key members and their salaries (Appletree Housing Inc's CEO's salary is $0 and their total compensation is $0):


Robert Kwait (Assistant Secretary, Vp)
  • Compensation: $0
  • Related: $215,076
  • Other: $20,395
Mark Deitcher (Assistant Treasurer, Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ak Queenan (President & Ceo Since June 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Appletree Housing Inc?

Appletree Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Appletree Housing Inc

Appletree Housing Inc is an organization dedicated to providing affordable housing for low-income, single parent families who are striving to break the cycle of poverty. This mission is achieved by offering housing that is both affordable and supportive, allowing these families to focus on their personal development, education, parenting, financing, and employment goals. Appletree Housing Inc's primary objective is to help these families overcome generational poverty and build a sustainable future for themselves and their children.

In addition to providing affordable housing, Appletree Housing Inc also offers property management services for 19 units of housing. These units are specifically designed for low-income, single parent families who are participating in a self-sufficiency program. By offering this comprehensive support, Appletree Housing Inc is not only providing a safe and affordable place to live but also creating an environment that fosters growth and self-sufficiency. This holistic approach allows families to focus on their individual needs and work towards achieving their goals, ultimately breaking the cycle of poverty.

In summary, Appletree Housing Inc is a nonprofit organization committed to empowering low-income, single parent families by providing affordable housing and support services. Their mission is to help these families break the cycle of poverty and achieve self-sufficiency through education, parenting, financing, and employment opportunities. By offering property management services for 19 units of affordable housing, Appletree Housing Inc is creating a supportive environment that allows families to focus on their individual goals and work towards a better future.

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Impact




October, 2024

Appletree Housing Inc. significantly impacts the lives of low-income, single-parent families, particularly those who have experienced homelessness. By providing 19 units of affordable housing, it creates a stable environment for families striving to overcome the challenges of poverty.

Through its focus on self-sufficiency programs, Appletree Housing enables residents to pursue critical goals related to education, parenting, finance, employment, and personal development. This holistic approach not only addresses immediate housing needs but also equips families with the tools and resources necessary to break the generational cycle of poverty.

In the heart of Philadelphia, Appletree Housing fosters a sense of community and support among its residents, empowering them to build better futures for themselves and their children. By offering property management and additional real estate services tailored to this vulnerable population, Appletree Housing plays a vital role in promoting stability and enabling families to thrive.




This information is meant to be a general summary of Appletree Housing 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
$358,869 (2022)
Expenses
$233,252 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $84,951
  • Program Service Revenue: $223,918
  • Gross Receipts: $358,869

Assets and Liabilities:

  • Total Assets: $910,137
  • Total Liabilities: $1,821,611
  • Net Assets: -$911,474

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REAL ESTATE SERVICES

Revenue

$216,876

RENT

Revenue

$7,042

Organization Details

Founding Year

1997

Principal Officer

Thomas Ak Queenan

Main Address

2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412

NTEE Category

Code: L20 - Housing

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