Overview
What is Stephen Smith Towers Apartments For The Elderly Inc?
Stephen Smith Towers Apartments For The Elderly Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 1030 Belmont Avenue. Their primary mission is to offer affordable housing options for the elderly and disabled community, providing residence in a 140-unit apartment complex. The organization's main purpose is to cater to this specific demographic, ensuring they have access to suitable living conditions.
Is Stephen Smith Towers Apartments For The Elderly Inc legitimate?
Stephen Smith Towers Apartments For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Stephen Smith Towers Apartments For The Elderly 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: $262,110
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What is the mission statement of Stephen Smith Towers Apartments For The Elderly Inc?
The Stephen Smith Towers Apartments For The Elderly Inc is committed to providing low-income housing for the elderly and/or disabled individuals. This mission is carried out through the operation of a 140-unit apartment complex, where subsidized housing is offered. The organization's primary goal is to ensure that elderly and disabled individuals have access to comfortable and affordable living spaces. By providing such housing, the organization aims to enhance the quality of life for these individuals, offering them a safe and supportive environment. The organization's activities are centered around the provision of affordable housing, thereby addressing the housing needs of this vulnerable population.
Who is the CEO of Stephen Smith Towers Apartments For The Elderly Inc?
Vivian S Buchanon is the President of Stephen Smith Towers Apartments For The Elderly Inc.
What is the revenue of Stephen Smith Towers Apartments For The Elderly Inc?
Stephen Smith Towers Apartments For The Elderly Inc's revenue in 2023 was $1,605,545.
Who are the executives of Stephen Smith Towers Apartments For The Elderly Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Stephen Smith Towers Apartments For The Elderly Inc?
Stephen Smith Towers Apartments For The Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Stephen Smith Towers Apartments For The Elderly Inc
Stephen Smith Towers Apartments For The Elderly Inc is dedicated to providing low-income housing for the elderly and disabled. This organization plays a significant role in offering subsidized accommodation for this vulnerable group, ensuring they have a suitable living space within a 140-unit apartment complex. By providing such housing, Stephen Smith Towers Apartments For The Elderly Inc contributes to the well-being and comfort of the elderly and disabled individuals, enabling them to maintain their independence and dignity. The mission of this nonprofit organization is centered around alleviating housing-related challenges for this specific demographic, thereby improving their overall quality of life.
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Impact
October, 2024
Stephen Smith Towers Apartments for the Elderly Inc significantly enhances the quality of life for elderly and disabled individuals in Philadelphia by providing affordable housing options. With a focus on low-income residents, the organization accommodates the specific needs of its tenants through a dedicated 140-unit apartment complex.
By offering subsidized housing, it alleviates financial burdens for vulnerable populations, ensuring that seniors and disabled individuals can maintain their independence in a safe and supportive environment. This initiative not only helps reduce homelessness among these groups but also fosters a sense of community and belonging, ultimately contributing to their overall well-being and stability.
This information is meant to be a general summary of Stephen Smith Towers Apartments For The Elderly 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 2023.
- Investment Income: $333
- Program Service Revenue: $1,605,212
- Gross Receipts: $1,605,545
Assets and Liabilities:
- Total Assets: $4,681,180
- Total Liabilities: $5,345,085
- Net Assets: -$663,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$482,967
FEES & CONTRACTS FROM GOVERNMENT AGENCIES
Revenue
$1,118,035
TENANT CHARGES
Revenue
$4,210
Organization Details
Founding Year
1983
Phone
(215) 878-9560Principal Officer
Vivian S Buchanon
Main Address
1030 BELMONT AVENUE, PHILADELPHIA, PA, 19104
NTEE Category
Code: L20Z - Housing
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