Overview
What is Spring Place Inc?
Spring Place Inc is a nonprofit organization situated in Frederick, Maryland. Its primary objective is to offer affordable housing to individuals who are chronically mentally disabled, in line with Section 811 of the National Affordable Housing Act. This mission is carried out through providing suitable housing that caters to the specific needs of this demographic, ensuring they can live with dignity and independence. The organization's work contributes significantly to improving the quality of life for this vulnerable group, providing them with a safe and supportive environment.
Is Spring Place Inc legitimate?
Spring Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Place 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 Spring Place Inc?
Spring Place Inc, as per its mission, is committed to providing affordable housing options for individuals who have been chronically mentally disabled. This commitment is in line with Section 811 of the National Affordable Housing Act. The organization's primary goal is to ensure that these individuals have access to suitable living spaces, thereby enhancing their quality of life. They strive to operate with an exempt purpose, focusing on the provision of affordable housing that caters specifically to this group of individuals. Spring Place Inc's activities are aimed at addressing the housing needs of the chronically mentally disabled community, thereby promoting their overall well-being.
Who is the CEO of Spring Place Inc?
Sarah Norman is the President of Spring Place Inc.
What is the revenue of Spring Place Inc?
Spring Place Inc's revenue in 2022 was $82,786.
Who are the executives of Spring Place Inc and what are their salaries?
There 5 volunteers at Spring Place Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Spring Place Inc?
Spring Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spring Place Inc
Spring Place Inc, a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. This mission aligns with Section 811 of the National Affordable Housing Act. The aim of Spring Place Inc is to create a living environment that caters specifically to the needs of this vulnerable population, ensuring they have access to safe and affordable housing. By adhering to an exempt purpose, Spring Place Inc provides a sanctuary where these individuals can reside with dignity and security.
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Impact
October, 2024
Spring Place Inc significantly enhances the lives of the chronically mentally disabled by providing affordable housing solutions tailored to their specific needs. By operating under Section 811 of the National Affordable Housing Act, the organization plays a crucial role in ensuring that individuals with mental disabilities have access to safe, stable, and supportive living environments. This access not only promotes independence and dignity but also contributes to improved mental health outcomes and overall well-being. Located in Frederick, MD, Spring Place Inc is dedicated to making a positive impact on the community by addressing the pressing need for affordable housing, thereby fostering a more inclusive and supportive society for those facing mental health challenges.
This information is meant to be a general summary of Spring Place 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: $6
- Program Service Revenue: $82,780
- Gross Receipts: $82,786
Assets and Liabilities:
- Total Assets: $673,919
- Total Liabilities: $1,041,175
- Net Assets: -$367,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$82,780
Organization Details
Founding Year
1993
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L99Z - Housing
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