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Margaret Wagner Apartments Ii Inc

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

EIN: 264430804 ✦ Cleveland heights, OH ✦ Designated as a 501(c)(3)

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Overview

What is Margaret Wagner Apartments Ii Inc?

Margaret Wagner Apartments II Inc is a nonprofit organization situated in Cleveland Heights, Ohio. Their primary mission, as per HUD Section 202 provisions, is to offer affordable housing for elderly individuals who fall under low-income criteria. They have 36 rental units available, subsidized under the Department of Housing and Urban Development's (HUD) Supportive Housing for the Elderly program. This housing aims to provide a supportive environment for elderly residents, ensuring they maintain their independence while living in a secure and comfortable setting.


Official website here: www.benrose.org/web/guest/housing

Is Margaret Wagner Apartments Ii Inc legitimate?

Margaret Wagner Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret Wagner Apartments Ii 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: $98,763

For more financial information, click here


Official website here: www.benrose.org/web/guest/housing

What is the mission statement of Margaret Wagner Apartments Ii Inc?

Margaret Wagner Apartments II Inc. is dedicated to providing low-income housing for elderly individuals. This mission is carried out under the HUD Section 202 provisions, which make 36 rental units available for this purpose. The organization offers independent, supportive housing for low-income older adults, aged 62 and above, adhering to the HUD guidelines for defining low-income status. The apartments are subsidized under the Department of Housing and Urban Development's (HUD) Section 202 Supportive Housing for the Elderly program.


Official website here: www.benrose.org/web/guest/housing

Who is the CEO of Margaret Wagner Apartments Ii Inc?

Orion H Bell is the President & Ceo of Margaret Wagner Apartments Ii Inc. The CEO's salary of Margaret Wagner Apartments Ii Inc is $0 and their total compensation is $325,456.


Official website here: www.benrose.org/web/guest/housing

What is the revenue of Margaret Wagner Apartments Ii Inc?

Margaret Wagner Apartments Ii Inc's revenue in 2022 was $366,323.


Official website here: www.benrose.org/web/guest/housing

Who are the executives of Margaret Wagner Apartments Ii Inc and what are their salaries?

There 3 volunteers at Margaret Wagner Apartments Ii Inc.


Here are 7 key members and their salaries (Margaret Wagner Apartments Ii Inc's CEO's salary is $0 and their total compensation is $325,456):


Orion H Bell (President & Ceo)
  • Compensation: $0
  • Related: $286,707
  • Other: $38,749
Mary Marita (Sr. Vp & Coo)
  • Compensation: $0
  • Related: $167,002
  • Other: $27,909
Janice Brennan (Sr. Vp & Cfo)
  • Compensation: $0
  • Related: $161,980
  • Other: $25,198
Beth Sipple (Director)
  • Compensation: $0
  • Related: $90,265
  • Other: $17,385
Connie Hill-Johnson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Frutig (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Lozier (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.benrose.org/web/guest/housing

Where can I find the form 990 for Margaret Wagner Apartments Ii Inc?

Margaret Wagner Apartments Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.benrose.org/web/guest/housing

Learn more at the official website: www.benrose.org/web/guest/housing

Mission Statement of Margaret Wagner Apartments Ii Inc

Margaret Wagner Apartments II Inc is dedicated to providing low-income housing for elderly individuals, in line with the HUD Section 202 provisions. This nonprofit organization offers 36 rental units specifically designed for this purpose, aiming to support the independent living needs of older adults aged 62 and above, who qualify as low-income under HUD guidelines. The apartments are subsidized under the HUD Section 202 Supportive Housing for the Elderly program, which ensures affordable and supportive housing for this vulnerable population.

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Impact




October, 2024

Margaret Wagner Apartments II Inc significantly contributes to the community by providing affordable housing to low-income elderly individuals aged 62 and older. Located in Cleveland Heights, Ohio, the facility offers 36 rental units supported by HUD's Section 202 provisions, ensuring that residents can maintain their independence while accessing essential support services.

By focusing on this demographic, the apartments not only fulfill a critical need for affordable housing but also foster a sense of community among older adults. This supportive housing environment enables residents to live with dignity and security, helping to alleviate housing instability and the associated stressors that many low-income seniors face.

Overall, Margaret Wagner Apartments II Inc plays a vital role in enhancing the quality of life for its residents, ensuring they have a safe and stable place to call home, while also promoting social engagement and community cohesion among the elderly population.




This information is meant to be a general summary of Margaret Wagner Apartments Ii 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
$366,323 (2022)
Expenses
$457,441 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $160
  • Program Service Revenue: $363,941
  • Gross Receipts: $366,323

Assets and Liabilities:

  • Total Assets: $4,125,217
  • Total Liabilities: $4,927,580
  • Net Assets: -$802,363

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Programs

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

LOW INCOME HOUSING RENTAL

Revenue

$363,941

Organization Details

Founding Year

2009

Principal Officer

Orion H Bell

Main Address

2375 EUCLID HEIGHTS BLVD, CLEVELAND HEIGHTS, OH, 44106

NTEE Category

Code: L21 - Housing

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