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New Sunrise Properties Inc

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

EIN: 341678365 ✦ Elyria, OH ✦ Designated as a 501(c)(3)

Overview

What is New Sunrise Properties Inc?

New Sunrise Properties Inc, based in Elyria, Ohio, is a dedicated nonprofit organization that strives to augment housing opportunities for the citizens of Lorain County. Particularly, the organization focuses on supporting individuals who are mentally ill, homeless, or low-income, offering them a chance to secure safe, decent, and affordable permanent housing. By managing over 200 housing units, including scattered site duplexes, apartments, condominiums, and single-family homes, New Sunrise Properties Inc serves as a vital resource for the community. The organization's mission is primarily geared towards increasing the housing availability for those in need, aiming to provide a stable living environment. With a team of 11 employees, the nonprofit continues to make a significant impact in the lives of those residing in Lorain County.


Official website here: www.newsunriseproperties.com

Is New Sunrise Properties Inc legitimate?

New Sunrise Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Sunrise Properties 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $643,557

For more financial information, click here


Official website here: www.newsunriseproperties.com

What is the mission statement of New Sunrise Properties Inc?

New Sunrise Properties Inc. is committed to expanding housing opportunities for individuals who are mentally ill, homeless, low-income, or in need, residing in Lorain County. The organization achieves this by offering a diverse range of housing options, including scattered site duplexes, apartments, condominiums, and single-family homes. The mission of New Sunrise Properties Inc. is to provide these individuals with secure, decent, affordable, and permanent housing opportunities. The organization owns and manages over 200 units of housing throughout Lorain County, aiming to improve the living conditions and provide a stable home for those in need.


Official website here: www.newsunriseproperties.com

Who is the CEO of New Sunrise Properties Inc?

Michael Kearney is the Board Member of New Sunrise Properties Inc.


Official website here: www.newsunriseproperties.com

What is the revenue of New Sunrise Properties Inc?

New Sunrise Properties Inc's revenue in 2022 was $1,437,662.


Official website here: www.newsunriseproperties.com

Who are the executives of New Sunrise Properties Inc and what are their salaries?

The average compensation at New Sunrise Properties Inc during 2022 was $58,505. There are 11 employees at New Sunrise Properties Inc.

Here are 5 key members and their salaries:

    Brian Dalton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Carter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Cooper (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael B Griffin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Kearney (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newsunriseproperties.com

    Where can I find the form 990 for New Sunrise Properties Inc?

    The New Sunrise Properties Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newsunriseproperties.com

    Learn more at the official website: www.newsunriseproperties.com

    Mission Statement of New Sunrise Properties Inc

    New Sunrise Properties Inc, as a nonprofit organization, is committed to expanding the housing options available for individuals in Lorain County who are mentally ill, homeless, low-income, or otherwise in need. Their mission is to provide these individuals with the opportunity to secure safe, decent, affordable, and permanent housing. To achieve this goal, New Sunrise Properties Inc manages over 200 housing units, which are scattered across the county. These units come in various forms, including scattered site duplexes, apartments, condominiums, and single-family homes. By offering these housing options, New Sunrise Properties Inc aims to enhance the living conditions of those who are most vulnerable in the community.

    Impact

    This information is meant to be a general summary of New Sunrise Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    New Sunrise Properties Inc's impact can be seen in the significant contribution it makes towards increasing housing availability for citizens of Lorain County who are mentally ill, homeless, low-income, or otherwise needy. By providing over 200 units of safe, decent, affordable, and permanent housing throughout the county, this organization plays a crucial role in addressing the housing needs of vulnerable populations. Through its diverse housing options such as scattered site duplexes, apartments, condominiums, and single-family homes, New Sunrise Properties Inc offers individuals the opportunity to secure stable housing, thereby positively impacting their quality of life and overall well-being.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $72
  • Program Service Revenue: $728,371
  • Gross Receipts: $1,437,662

    • Assets and Liabilities:
  • Total Assets: $5,178,634
  • Total Liabilities: $3,195,749
  • Net Assets: $1,982,885
  • Programs

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

    PROPERTY MANAGEMENT FEES

    Revenue

    $440,921

    RENTAL INCOME

    Revenue

    $417,226

    MISCELLANEOUS INCOME

    Revenue

    $888

    INCOME FROM PARTNERSHIPS

    Revenue

    $-130,664

    Organization Details

    Founding Year

    1991

    Principal Officer

    Michael Kearney

    Main Address

    1100 N ABBE RD SUITE A, ELYRIA, OH, 440351667

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of New Sunrise Properties Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.