Overview
What is Frenchville Development Corporation?
The Frenchville Development Corporation is a nonprofit organization situated in Frenchville, Maine. With just one dedicated employee, their primary mission is to provide affordable housing options for the elderly community. Their activities are centered around owning and managing these affordable housing facilities, ensuring that the elderly population has access to suitable and affordable living spaces.
Is Frenchville Development Corporation legitimate?
Frenchville Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Frenchville Development Corporation 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.
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What is the mission statement of Frenchville Development Corporation?
The Frenchville Development Corporation is committed to a mission of providing affordable housing specifically for the elderly. By owning and operating such housing, the corporation aims to contribute to the well-being of this demographic, ensuring they have access to suitable living arrangements. This mission reflects the corporation's dedication to addressing the housing needs of the elderly, providing them with a secure and affordable living environment.
What is the revenue of Frenchville Development Corporation?
Frenchville Development Corporation's revenue in 2023 was $32,618.
Who are the executives of Frenchville Development Corporation and what are their salaries?
There is 1 employee at Frenchville Development Corporation.
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Where can I find the form 990 for Frenchville Development Corporation?
Frenchville Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Frenchville Development Corporation
Frenchville Development Corporation, as its name suggests, is dedicated to a noble cause. Its primary mission is centered around owning and operating affordable housing for the elderly. This nonprofit organization has a profound commitment to providing a comfortable living environment for the elderly population, ensuring they can age with dignity and independence. By owning and operating these affordable housing units, Frenchville Development Corporation is playing a crucial role in addressing the housing needs of an often overlooked demographic. This mission is essential in promoting the well-being and quality of life for the elderly, allowing them to focus on their health and personal growth rather than grappling with the financial burden of housing.
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Impact
October, 2024
Frenchville Development Corporation significantly impacts the community by providing affordable housing tailored specifically for the elderly population. By owning and operating these housing facilities in Frenchville, ME, the organization addresses a critical need for accessible and affordable living options for seniors. This initiative enhances the quality of life for elderly residents, ensuring they have a safe and supportive environment to thrive. The focus on affordable housing helps alleviate financial burdens on families and promotes stability within the community, fostering a sense of belonging and security among its senior members.
This information is meant to be a general summary of Frenchville Development Corporation. 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: $3,578
- Gross Receipts: $167,667
Assets and Liabilities:
- Total Assets: $328,485
- Total Liabilities: $151,054
- Net Assets: $177,431
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Organization Details
Founding Year
1974
Principal Officer
Debra Mcglaughlin
NTEE Category
Code: L22 - Housing
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