Overview
What is Edgewood Seniors Preservation Corp?
Edgewood Seniors Preservation Corp is a nonprofit organization situated in Silver Spring, Maryland, specifically at 8403 Coleville Road 1150. Its primary mission is to preserve and operate Edgewood Seniors, a facility located in Washington D.C., to promote community preservation and development. This organization offers rental housing for low to moderate-income individuals and families, contributing to the neighborhood's social and community services availability for its residents. The nonprofit's specific project, the 73-unit project, serves as an integral part of this mission.
Is Edgewood Seniors Preservation Corp legitimate?
Edgewood Seniors Preservation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgewood Seniors Preservation Corp 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: $85,074
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What is the mission statement of Edgewood Seniors Preservation Corp?
Edgewood Seniors Preservation Corp's mission revolves around maintaining and enhancing the living conditions for senior residents. The organization aims to support Community Preservation and Development Corp and expand the range of social and community services available to its residents. The primary focus is on operating a 73-unit housing project, providing affordable housing options for low to moderate income individuals and families. The corporation's aim is to contribute to community preservation and development, ultimately bettering the lives of its senior residents.
Who is the CEO of Edgewood Seniors Preservation Corp?
Christine Madigan is the Principal Officer of Edgewood Seniors Preservation Corp. The CEO's salary of Edgewood Seniors Preservation Corp is $0 and their total compensation is $658,323.
What is the revenue of Edgewood Seniors Preservation Corp?
Edgewood Seniors Preservation Corp's revenue in 2022 was $784,366.
Who are the executives of Edgewood Seniors Preservation Corp and what are their salaries?
Here are 5 key members and their salaries (Edgewood Seniors Preservation Corp's CEO's salary is $0 and their total compensation is $658,323):
- Compensation: $0
- Related: $634,188
- Other: $24,135
- Compensation: $0
- Related: $251,243
- Other: $35,976
- Compensation: $0
- Related: $646,044
- Other: $43,150
- Compensation: $0
- Related: $259,591
- Other: $45,295
- Compensation: $0
- Related: $480,037
- Other: $25,284
Where can I find the form 990 for Edgewood Seniors Preservation Corp?
Edgewood Seniors Preservation Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edgewood Seniors Preservation Corp
Edgewood Seniors Preservation Corp's mission revolves around the operation and preservation of Edgewood Seniors, a senior living facility situated in an unspecified location. The primary objective of this nonprofit organization is to support community preservation and development by maintaining Edgewood Seniors. Additionally, Edgewood Seniors Preservation Corp seeks to expand the array of social and community services available to its residents. By operating Edgewood Seniors as rental housing for low to moderate income individuals and families, this nonprofit organization aims to cater to the needs of its community members, ensuring their well-being and overall quality of life.
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Impact
October, 2024
Edgewood Seniors Preservation Corp significantly impacts the community by providing affordable rental housing to low and moderate-income individuals and families. The 73-unit project facilitates secure and stable living conditions in Silver Spring, MD, while also extending its reach to residents in Washington, D.C.
By focusing on the operation and preservation of Edgewood Seniors, the organization enhances community welfare through increased accessibility to housing. This effort supports the overall development of the community and aims to expand essential social and community services for residents. The focus on affordable housing helps to alleviate some of the financial pressures faced by vulnerable populations, fostering a sense of stability and well-being within the neighborhood.
This information is meant to be a general summary of Edgewood Seniors Preservation Corp. 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.
- Program Service Revenue: $765,183
- Gross Receipts: $784,366
Assets and Liabilities:
- Total Assets: $4,484,599
- Total Liabilities: $6,967,478
- Net Assets: -$2,482,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$765,133
APPLICATION FEE
Revenue
$50
Organization Details
Founding Year
2001
Phone
(202) 895-8900Principal Officer
Christine Madigan
Main Address
8403 COLESVILLE ROAD 1150, SILVER SPRING, MD, 20910
NTEE Category
Code: L21 - Housing
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