Overview
What is Greater Stonington Realty Corporation?
Greater Stonington Realty Corporation is a nonprofit organization situated in Pawcatuck, Connecticut, with a mission to provide affordable housing to individuals and families residing in the Stonington area. In 2020, they received grant money from Connecticut Light & Power DBA Eversource Energy and allocated it towards community apartment upgrades. These enhancements included a substantial sidewalk construction project, installation of energy-efficient heating and cooling systems, and lighting fixtures, aiming to improve living conditions for residents. The organization's work continues in 2021, reflecting its commitment to promoting and advocating for affordable housing in the region.
Is Greater Stonington Realty Corporation legitimate?
Greater Stonington Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Stonington Realty Corporation 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:
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What is the mission statement of Greater Stonington Realty Corporation?
The Greater Stonington Realty Corporation's mission is centered around making affordable housing accessible to individuals and families within a specific geographical area. The corporation actively promotes and educates about this affordable housing option. Its primary objective is to develop, redevelop, manage, sponsor, own, and expand the availability of affordable housing for low-income individuals and families. To achieve this, the corporation engages in various activities, such as building, acquiring, renovating, and rehabilitating structures for occupancy by low-income families. In some cases, it collaborates with other organizations to achieve this goal.
Who is the CEO of Greater Stonington Realty Corporation?
Julie M Savin is the Secretary of Greater Stonington Realty Corporation.
What is the revenue of Greater Stonington Realty Corporation?
Greater Stonington Realty Corporation's revenue in 2020 was $437,241.
Who are the executives of Greater Stonington Realty Corporation and what are their salaries?
There 8 volunteers at Greater Stonington Realty Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Greater Stonington Realty Corporation?
Greater Stonington Realty Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Greater Stonington Realty Corporation
Greater Stonington Realty Corporation, a nonprofit entity, is dedicated to making affordable housing accessible to individuals and families within its specified geographical area. The organization's primary objective is to promote and educate the community about the availability of affordable housing. In pursuit of this mission, the Corporation engages in various activities, such as developing, redeveloping, managing, sponsoring, owning, and expanding the availability of affordable housing for low-income and moderate-income families.
The Corporation's purpose is multifaceted. It may construct, acquire, renovate, rehabilitate, and revitalize structures that will be occupied by very low, low, and moderate-income individuals and families. This endeavor is not limited to the Corporation acting alone but also includes collaborative efforts with other organizations, public and private, to achieve a common goal. By engaging in these activities, Greater Stonington Realty Corporation aims to address the housing needs of its target population and contribute to the overall well-being of the community.
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Impact
October, 2024
Greater Stonington Realty Corporation plays a crucial role in enhancing the availability of affordable housing for individuals and families in the Stonington, Connecticut area. By actively pursuing its mission, the organization seeks to develop and manage accessible housing options for very low, low, and moderate-income residents.
In 2020, the Corporation undertook significant improvements at Edythe K Richmond Homes through a grant from Eversource Energy. These upgrades included essential infrastructural developments such as a major sidewalk construction project, installation of energy-efficient heating and air conditioning units, and the upgrade of lighting fixtures throughout the community. Such enhancements not only improve the living conditions for residents but also promote energy efficiency and sustainability within the housing environment.
The ongoing efforts to renovate and revitalize housing structures underscore the Corporation's commitment to creating quality living spaces that support the community's needs. By collaborating with other organizations, both public and private, Greater Stonington Realty Corporation continues to advance its mission, ensuring that the Stonington area remains a viable and supportive place for its residents.
This information is meant to be a general summary of Greater Stonington Realty Corporation. 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 2020.
- Investment Income: $1,593
- Gross Receipts: $437,241
Assets and Liabilities:
- Total Assets: $58,258
- Total Liabilities: $52,334
- Net Assets: $5,924
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Organization Details
Founding Year
2015
Phone
(860) 599-2600Principal Officer
Julie M Savin
Main Address
45 Sisk Drive, Pawcatuck, CT, 06379
NTEE Category
Code: L20 - Housing
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