Overview
What is St John's Towers Inc?
St. John's Towers Inc. is a Maryland-based nonprofit corporation established in 1964, primarily dedicated to providing affordable housing for the elderly and disabled. Situated in Hartford, Maryland, the organization manages a project with 57 units, funded under Section 202 of the National Affordable Housing Act. Regulated by the U.S. Department of Housing and Urban Development, St. John's Towers Inc. ensures reasonable rent charges and operates within specific guidelines. Their mission is to contribute to the well-being of the elderly and disabled community by providing them with affordable housing options.
Is St John's Towers Inc legitimate?
St John's Towers Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. St John's Towers 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: $51,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,763
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What is the mission statement of St John's Towers Inc?
St. John's Towers Inc, as an organization, is committed to providing affordable housing for the elderly and disabled, aligning with Section 202 of the National Housing Act. Their primary mission is to acquire, develop, and operate housing facilities, ensuring that these living spaces are accessible for individuals who fall into these categories. The organization receives assistance under the provisions of Section 202, with the oversight and regulations being handled by the U.S. Department of Housing and Urban Development, particularly in regards to rental charges and operational methods.
Who is the CEO of St John's Towers Inc?
Sheri Snyder is the President of St John's Towers Inc.
What is the revenue of St John's Towers Inc?
St John's Towers Inc's revenue in 2022 was $826,796.
Who are the executives of St John's Towers Inc and what are their salaries?
The average compensation at St John's Towers Inc during 2022 was $30,644. There are 8 employees and 5 volunteers at St John's Towers Inc.
Here are 7 key members and their salaries:
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- Compensation: $57,000
- Related: $38,000
- Other: $2,850
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Where can I find the form 990 for St John's Towers Inc?
St John's Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St John's Towers Inc
St. John's Towers Inc, established in 1964, is dedicated to providing affordable housing for the elderly and disabled. Aligned with Section 202 of the National Affordable Housing Act, this nonprofit organization's primary mission is to acquire, develop, and operate housing facilities that cater to individuals who fall under this category. The housing project, consisting of 57 units, is regulated by the U.S. Department of Housing and Urban Development, ensuring the implementation of reasonable rent charges and operating methods. St. John's Towers Inc strives to create an environment that supports the elderly and disabled, providing them with a comfortable living space and the opportunity to maintain their independence.
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Impact
October, 2024
St. John's Towers Inc has a significant impact by providing affordable housing specifically tailored for the elderly and disabled populations in Havre de Grace, Maryland. With 57 units designed to meet the needs of these vulnerable groups, the organization plays a crucial role in enhancing the quality of life for its residents. By adhering to the guidelines established under Section 202 of the National Affordable Housing Act, it ensures that renters are charged fair rates while maintaining an environment that promotes safety and community engagement.
The availability of affordable housing helps prevent homelessness and fosters stability, allowing residents to enjoy their golden years with dignity and support. Additionally, the organization contributes to the local community by creating an inclusive space where elderly and disabled individuals can thrive, build relationships, and access essential services. St. John's Towers Inc is a vital asset in promoting equitable housing opportunities and addressing the unique challenges faced by its residents.
This information is meant to be a general summary of St John's Towers 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 2022.
- Investment Income: $141
- Program Service Revenue: $231,478
- Gross Receipts: $826,796
Assets and Liabilities:
- Total Assets: $2,308,786
- Total Liabilities: $1,653,463
- Net Assets: $655,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$231,478
Organization Details
Founding Year
1964
Phone
(410) 939-5040Principal Officer
Sheri Snyder
Main Address
505 CONGRESS AVENUE, HAVRE DE GRACE, MD, 21078
NTEE Category
Code: L21 - Housing
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