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Elder Spirit Development Co

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

EIN: 541932560 ✦ Abingdon, VA ✦ Designated as a 501(c)(3)

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Overview

What is Elder Spirit Development Co?

Elder Spirit Development Co is a nonprofit organization situated in Abingdon, Virginia. Their primary focus is on providing affordable housing for individuals aged 55 and above. Specifically, they manage 16 apartments in the area, with financial details reported in their rental schedule. Their mission involves the development and management of such housing units, aiming to contribute positively to the community's senior population.


Official website here: www.elderspirit.org

Is Elder Spirit Development Co legitimate?

Elder Spirit Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elder Spirit Development Co 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: $107

For more financial information, click here


Official website here: www.elderspirit.org

What is the mission statement of Elder Spirit Development Co?

Elder Spirit Development Co's mission revolves around developing and managing affordable housing for individuals who are 55 years old and above. Specifically, they focus on managing low-income housing units, ensuring that this age group has access to suitable living spaces. Although not explicitly stated in the provided information, it can be inferred that their goal is to provide a secure and affordable living environment for this demographic, contributing to their overall well-being and quality of life.


Official website here: www.elderspirit.org

Who is the CEO of Elder Spirit Development Co?

Peggy Mathews is the Board Member of Elder Spirit Development Co.


Official website here: www.elderspirit.org

What is the revenue of Elder Spirit Development Co?

Elder Spirit Development Co's revenue in 2022 was $131,505.


Official website here: www.elderspirit.org

Who are the executives of Elder Spirit Development Co and what are their salaries?


Here are 9 key members and their salaries:


Mark Adams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Appleby (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Brenner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Depew (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Evans (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Luague (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Mathews (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Soderquist (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Vaughan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.elderspirit.org

Where can I find the form 990 for Elder Spirit Development Co?

Elder Spirit Development Co's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.elderspirit.org

Learn more at the official website: www.elderspirit.org

Mission Statement of Elder Spirit Development Co

Elder Spirit Development Co is an organization dedicated to a significant mission. Their primary focus is on developing and managing affordable housing specifically designed for individuals who have reached the age of 55. By providing low-income housing options, Elder Spirit Development Co aims to cater to the needs of this demographic, ensuring they have access to safe and affordable living spaces. This mission is carried out by overseeing and managing 16 apartments, as detailed in their rental schedule.

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Impact




October, 2024

Elder Spirit Development Co significantly impacts the community by providing affordable housing specifically tailored for individuals aged 55 and over. Located in Abingdon, VA, the organization offers 16 apartments designed to meet the needs of low-income seniors. This initiative not only addresses the pressing need for accessible and suitable housing options for older adults but also fosters a sense of community and belonging among residents. By managing these living spaces, Elder Spirit Development Co ensures that seniors can find stability and security in their later years, enhancing their overall quality of life.




This information is meant to be a general summary of Elder Spirit Development Co. 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
$131,505 (2022)
Expenses
$227,201 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $755
  • Program Service Revenue: $130,750
  • Gross Receipts: $131,505

Assets and Liabilities:

  • Total Assets: $1,465,577
  • Total Liabilities: $1,594,820
  • Net Assets: -$129,243

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Programs

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

TOTAL RENTAL INCOME

Revenue

$80,491

OTHER REVENUE

Revenue

$50,259

Organization Details

Founding Year

1999

Principal Officer

Peggy Mathews

Main Address

125 ELDERSPIRIT COURT, ABINGDON, VA, 24210

NTEE Category

Code: L22 - Housing

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