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Sylvan Retreat Apartments Inc

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

EIN: 233085236 ✦ Lancaster, PA ✦ Designated as a 501(c)(3)

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Overview

What is Sylvan Retreat Apartments Inc?

Sylvan Retreat Apartments Inc, based in Lancaster, Pennsylvania, is a nonprofit organization with a specific purpose. Established to construct and manage a 40-unit elderly apartment complex, the organization aims to provide affordable housing for low-income elderly tenants, adhering to the regulations and guidelines set by the HUD. The mission of Sylvan Retreat Apartments Inc is to offer a comfortable living space and support system for this demographic, contributing to the well-being of the elderly community in Lancaster.

Is Sylvan Retreat Apartments Inc legitimate?

Sylvan Retreat Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sylvan Retreat Apartments 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: $57,961

For more financial information, click here

What is the mission statement of Sylvan Retreat Apartments Inc?

Sylvan Retreat Apartments Inc is committed to constructing and managing a rental housing facility, catering to the needs of low-income and elderly tenants, as per the stipulations outlined by the HUD regulations and guidelines. The organization's primary objective is to provide suitable living accommodations for this specific demographic, aiming to contribute positively to their community. The construction of a 40-unit elderly apartment complex in Lancaster, Pennsylvania, is a testament to their dedication to this mission.

Who is the CEO of Sylvan Retreat Apartments Inc?

Zoe Bracci is the Hdc Representative Directo of Sylvan Retreat Apartments Inc.

What is the revenue of Sylvan Retreat Apartments Inc?

Sylvan Retreat Apartments Inc's revenue in 2022 was $309,361.

Who are the executives of Sylvan Retreat Apartments Inc and what are their salaries?

There 8 volunteers at Sylvan Retreat Apartments Inc.


Here are 9 key members and their salaries:


Sharlene Woodruff (Hdc Representative Directo)
  • Compensation: $0
  • Related: $133,061
  • Other: $12,344
Zoe Bracci (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Reich (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Raff (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Driggs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian Rawhauser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Savukas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Weglarz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sylvan Retreat Apartments Inc?

Sylvan Retreat Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sylvan Retreat Apartments Inc

Sylvan Retreat Apartments Inc is committed to constructing and managing a rental housing facility, catering specifically to low-income elderly tenants. In accordance with the guidelines set by the HUD, this nonprofit organization strives to provide a comfortable living space for this demographic. The primary mission of Sylvan Retreat Apartments Inc is to create and operate a 40-unit elderly apartment complex, ensuring that the elderly population in need has access to affordable housing. By doing so, the organization aims to contribute positively to the community, providing a safe and comfortable living environment for elderly individuals who may be financially challenged.

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Impact




October, 2024

Sylvan Retreat Apartments Inc. significantly impacts the community by providing affordable rental housing specifically designed for low-income elderly tenants. Located in Lancaster, Pennsylvania, the organization focuses on constructing and operating a 40-unit apartment complex, creating a welcoming and supportive environment for seniors in need.

By adhering to HUD regulations and guidelines, Sylvan Retreat Apartments Inc. ensures that housing is accessible and affordable for vulnerable populations, promoting stability and enhancing the quality of life for its residents. This initiative not only addresses the critical shortage of suitable housing for elderly individuals but also fosters community engagement and support among tenants, promoting social well-being and connectedness within the aging population.

Ultimately, Sylvan Retreat Apartments Inc. plays a pivotal role in alleviating housing challenges faced by low-income seniors, contributing to the community's overall health, stability, and prosperity.




This information is meant to be a general summary of Sylvan Retreat Apartments 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
$309,361 (2022)
Expenses
$379,947 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $146
  • Program Service Revenue: $281,129
  • Gross Receipts: $309,361

Assets and Liabilities:

  • Total Assets: $2,255,371
  • Total Liabilities: $3,949,959
  • Net Assets: -$1,694,588

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Programs

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

RENTAL INCOME

Revenue

$164,666

HOUSING ASSISTANCE SUBSIDIES

Revenue

$114,364

SPECIAL CLAIMS SUBSIDY

Revenue

$2,099

Organization Details

Founding Year

2001

Principal Officer

Zoe Bracci

Main Address

8 WEST KING STREET 821, LANCASTER, PA, 17603

NTEE Category

Code: L22 - Housing

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