Overview
What is St Mary's Residence Inc?
St. Mary's Residence Inc., located at 215 Linden Ave W, Winsted, Minnesota 55395, is a nonprofit organization primarily dedicated to providing quality housing for low-income senior citizens. They oversee a senior citizens housing project with 40 rental units, which serves as a home for this specific demographic. The mission of St. Mary's Residence Inc. is clear: catering to the housing needs of financially disadvantaged elderly individuals, ensuring they maintain a decent living standard. This initiative is known as Linden Woods Apartments.
Is St Mary's Residence Inc legitimate?
St Mary's Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's Residence 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: $0
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What is the mission statement of St Mary's Residence Inc?
St. Mary's Residence Inc. is committed to providing quality housing for low-income senior citizens. Their mission is clearly reflected in their activities, which include maintaining a senior citizens housing project with 40 rental units, specifically designed to cater to this demographic's needs. By offering affordable and high-quality living spaces, St. Mary's Residence Inc. aims to enhance the lives of its elder residents, ensuring they can age comfortably and with dignity. The organization's mission is an essential contribution to creating a supportive community for seniors who may otherwise struggle with housing affordability.
Who is the CEO of St Mary's Residence Inc?
Julie Baruch is the Board Presid of St Mary's Residence Inc.
What is the revenue of St Mary's Residence Inc?
St Mary's Residence Inc's revenue in 2023 was $388,241.
Who are the executives of St Mary's Residence Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Mary's Residence Inc?
St Mary's Residence Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Mary's Residence Inc
St. Mary's Residence Inc is committed to providing top-notch housing solutions for low-income senior citizens. Their mission, in essence, revolves around enhancing the living conditions of this vulnerable demographic. The organization maintains a senior citizens housing project, which comprises 40 rental units. This residential complex serves as a sanctuary, offering quality housing to those who might not otherwise have access to such facilities due to their financial constraints. By providing a secure and comfortable living environment, St. Mary's Residence Inc contributes significantly to the well-being and dignity of its senior residents.
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Impact
October, 2024
St. Mary's Residence Inc plays a vital role in enhancing the quality of life for low-income senior citizens in Winsted, MN. By maintaining a senior housing project with 40 rental units, the organization ensures that older adults have access to safe, affordable housing that meets their needs. This initiative not only addresses the pressing issue of housing insecurity among seniors but also fosters a supportive community where residents can thrive. The availability of quality housing allows seniors to maintain their independence and dignity while providing them with a stable environment. Through its commitment to providing essential housing solutions, St. Mary's Residence Inc significantly contributes to the well-being and stability of the senior population in the region.
This information is meant to be a general summary of St Mary's Residence 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: $1,633
- Program Service Revenue: $151,983
- Gross Receipts: $388,241
Assets and Liabilities:
- Total Assets: $685,045
- Total Liabilities: $743,929
- Net Assets: -$58,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$144,750
LAUNDRY VENDING
Revenue
$3,889
SPECIAL CLAIMS REVENUE
Revenue
$2,488
TENANT CHARGES
Revenue
$856
Organization Details
Founding Year
1978
Phone
(320) 485-4303Principal Officer
Julie Baruch
Main Address
215 LINDEN AVE W, WINSTED, MN, 55395
NTEE Category
Code: L22 - Housing
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