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Yns Affordable Housing Inc C/O Beverly Regional Ymca

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

EIN: 274406835 ✦ Beverly, MA ✦ Designated as a 501(c)(4)

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Overview

What is Yns Affordable Housing Inc C/O Beverly Regional Ymca?

Yns Affordable Housing Inc C/O Beverly Regional Ymca is a nonprofit organization situated in Beverly, Massachusetts. The organization offers 68 single room units of affordable housing for individuals and families in need, adhering to both federal and state qualifications. The building serves as a community hub, providing a supportive network for its residents. Its primary mission is to offer affordable and safe housing within the communities of the YMCA of the North Shore, Inc., ensuring that those in need have a secure living space.

Is Yns Affordable Housing Inc C/O Beverly Regional Ymca legitimate?

Yns Affordable Housing Inc C/O Beverly Regional Ymca is a legitimate nonprofit organization registered as a 501(c)(4) entity. Yns Affordable Housing Inc C/O Beverly Regional Ymca 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: $0

For more financial information, click here

What is the mission statement of Yns Affordable Housing Inc C/O Beverly Regional Ymca?

The organization, Yns Affordable Housing Inc C/O Beverly Regional Ymca, is committed to providing affordable and safe housing for individuals and families in need within the communities served by the YMCA of the North Shore, Inc. In line with this mission, they maintain 68 single room units that meet the necessary federal and state qualifications. The building not only offers affordable housing but also serves as a community, providing a support system for those in need. The organization's goal is to contribute positively to the lives of those who are economically disadvantaged, offering them a secure and comfortable living environment.

Who is the CEO of Yns Affordable Housing Inc C/O Beverly Regional Ymca?

Chris Lovasco is the President of Yns Affordable Housing Inc C/O Beverly Regional Ymca.

What is the revenue of Yns Affordable Housing Inc C/O Beverly Regional Ymca?

Yns Affordable Housing Inc C/O Beverly Regional Ymca's revenue in 2022 was $293,789.

Who are the executives of Yns Affordable Housing Inc C/O Beverly Regional Ymca and what are their salaries?


Here are 12 key members and their salaries:


Christopher Lovasco (President)
  • Compensation: $0
  • Related: $408,878
  • Other: $44,288
William J Leaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Buras (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wheeler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Mccarthy (Director)
  • Compensation: $0
  • Related: $249,128
  • Other: $40,754
Alexander Thomas (Counselor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Kagan (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie Cregg (Chief Advancement Officer)
  • Compensation: $0
  • Related: $172,129
  • Other: $13,770
Gerald Mackillop (Coo)
  • Compensation: $0
  • Related: $209,837
  • Other: $16,787
Tracy Fuller-Soucy (Executive Director)
  • Compensation: $0
  • Related: $145,210
  • Other: $11,617
Timothy Flaherty (Executive Director)
  • Compensation: $0
  • Related: $144,261
  • Other: $11,541
Cynthia Marchand (Director Of Education)
  • Compensation: $0
  • Related: $140,914
  • Other: $23,305
Where can I find the form 990 for Yns Affordable Housing Inc C/O Beverly Regional Ymca?

Yns Affordable Housing Inc C/O Beverly Regional Ymca's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Yns Affordable Housing Inc C/O Beverly Regional Ymca

Yns Affordable Housing Inc C/O Beverly Regional YMCA is committed to providing affordable and safe housing for individuals and families in need within their communities. This nonprofit organization maintains 68 single room units, ensuring that those who are struggling to find suitable housing have a place to call home. The building acts as a community, offering a support system for those in need. By meeting the required federal and state qualifications, Yns Affordable Housing Inc C/O Beverly Regional YMCA is dedicated to making a positive impact on the lives of those who are most vulnerable.

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Impact




October, 2024

Yns Affordable Housing Inc C/O Beverly Regional YMCA has a significant impact on individuals and families in need within its community by providing affordable and safe housing. The organization operates 68 single-room units, ensuring that those facing housing insecurity have access to a stable living environment that meets federal and state qualifications.

By creating a supportive community atmosphere, Yns Affordable Housing not only addresses immediate housing needs but also fosters a sense of belonging among residents. This environment encourages personal growth and stability, which can help individuals and families build a better future. The organization plays a crucial role in alleviating homelessness and providing a foundational resource that allows residents to access other services and opportunities, ultimately promoting a healthier and more resilient community.




This information is meant to be a general summary of Yns Affordable Housing Inc C/O Beverly Regional Ymca. 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
$293,789 (2022)
Expenses
$354,818 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $293,470
  • Gross Receipts: $293,789

Assets and Liabilities:

  • Total Assets: $487,481
  • Total Liabilities: $1,294,645
  • Net Assets: -$807,164

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Programs

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

RENTAL INCOME

Revenue

$293,470

Organization Details

Founding Year

2010

Principal Officer

Chris Lovasco

Main Address

245 CABOT STREET, BEVERLY, MA, 01915

NTEE Category

Code: P28 - Human services

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