St Francis Apartments Inc

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

EIN: 454164490 ✦ Portland, ME ✦ Designated as a 501(c)(3)

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Overview

What is St Francis Apartments Inc?

St. Francis Apartments Inc. is a nonprofit organization situated in Portland, Maine, specifically at 510 Ocean Avenue, 04103. Their primary mission is to provide affordable housing for low-income elderly and disabled individuals. They manage a 40-unit apartment complex, ensuring that these vulnerable groups have access to suitable accommodation. This organization plays a crucial role in addressing housing needs within the community, contributing to the overall well-being and comfort of its residents.

Is St Francis Apartments Inc legitimate?

St Francis Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Francis Apartments 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

For more financial information, click here

What is the mission statement of St Francis Apartments Inc?

St. Francis Apartments Inc is dedicated to managing a 40-unit apartment complex, catering to low-income elderly and disabled tenants. Their primary mission is to provide affordable housing for this specific demographic. The organization's activities are focused on ensuring that these individuals have a suitable living space, providing them with a sense of security and community. St. Francis Apartments Inc plays a crucial role in offering a home to those who may otherwise struggle to find affordable housing options. The organization's commitment extends beyond just housing, as it also ensures that the living conditions are maintained to a satisfactory standard.

Who is the CEO of St Francis Apartments Inc?

Scott Graff is the Chairperson of St Francis Apartments Inc.

What is the revenue of St Francis Apartments Inc?

St Francis Apartments Inc's revenue in 2022 was $327,211.

Who are the executives of St Francis Apartments Inc and what are their salaries?


Here are 12 key members and their salaries:


Bruce Hall (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanine Derosby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Pellerin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Boulette (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Milldred Dwelley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanine Derosby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Brenton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Lou Parnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Lagasse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Giroux (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fr Dan Baillageon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Pease (Executive Director)
  • Compensation: $0
  • Related: $74,101
  • Other: $0
Where can I find the form 990 for St Francis Apartments Inc?

St Francis Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of St Francis Apartments Inc

St. Francis Apartments Inc is dedicated to managing a 40-unit apartment complex that caters to low-income elderly and disabled tenants. This nonprofit organization's mission is to provide affordable housing, serving as a sanctuary for those who might otherwise face housing insecurity. By managing this complex, St. Francis Apartments Inc contributes to maintaining a community where these vulnerable individuals can live with dignity and independence. The organization's commitment to this mission is evident in its provision of housing that is both affordable and suitable for the specific needs of its elderly and disabled tenants.

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Impact




October, 2024

St. Francis Apartments Inc has a significant impact on the community by providing affordable housing solutions for low-income elderly and disabled tenants. By managing a 40-unit apartment complex in Portland, Maine, the organization addresses the critical need for accessible living spaces that cater to vulnerable populations. This initiative not only helps residents secure stable housing but also fosters a sense of community and belonging for those who may otherwise face challenges in finding suitable accommodations. The availability of affordable housing contributes to the overall well-being of these individuals, allowing them to lead more independent and fulfilling lives.




This information is meant to be a general summary of St Francis Apartments 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
$327,211 (2022)
Expenses
$436,119 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $762
  • Program Service Revenue: $172,136
  • Gross Receipts: $327,211

Assets and Liabilities:

  • Total Assets: $5,559,038
  • Total Liabilities: $28,623
  • Net Assets: $5,530,415

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Programs

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

ELDERLY RENTS

Revenue

$167,372

LAUNDRY & VENDING

Revenue

$4,764

Organization Details

Founding Year

2011

Principal Officer

Scott Graff

Main Address

510 OCEAN AVENUE, PORTLAND, ME, 04103

NTEE Category

Code: L22 - Housing

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