Overview
What is Peterborough Apartments Inc?
Peterborough Apartments Inc is a nonprofit organization dedicated to providing affordable housing for the elderly. By serving as the general partner for Peterborough 2, ltd (30-0780865), they oversee HUD-subsidized elderly housing. To ensure financial stability, the organization maintains a $250,000 "guaranty reserve" and a note receivable. This commitment to affordable housing for the elderly aligns with their mission to enhance the living conditions and quality of life for senior citizens in their community.
Is Peterborough Apartments Inc legitimate?
Peterborough Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peterborough Apartments 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 Peterborough Apartments Inc?
Peterborough Apartments Inc, as a organization, is dedicated to providing affordable housing for the elderly. They accomplish this by acting as the general partner for Peterborough 2, ltd (30-0780865), which manages HUD-subsidized elderly housing. The company maintains a financial commitment to this cause, holding a $250,000 "guaranty reserve" cash and a note receivable. In essence, Peterborough Apartments Inc is committed to making housing accessible and affordable for the elderly population.
Who is the CEO of Peterborough Apartments Inc?
Virginia Rowell is the Director of Peterborough Apartments Inc.
What is the revenue of Peterborough Apartments Inc?
Peterborough Apartments Inc's revenue in 2022 was $424.
Who are the executives of Peterborough Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Peterborough Apartments Inc?
Peterborough Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peterborough Apartments Inc
Peterborough Apartments Inc, as the general partner for Peterborough 2, ltd (30-0780865), is dedicated to providing affordable housing for the elderly. Through its role in this partnership, the organization ensures that elderly individuals have access to subsidized housing, which is a significant contribution to their well-being. Peterborough Apartments Inc holds a substantial financial commitment to this mission, evidenced by a $250,000 guaranty reserve cash and a note receivable. This financial backing underscores the organization's commitment to maintaining and sustaining the affordable housing it offers to its elderly residents.
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Impact
October, 2024
Peterborough Apartments Inc plays a vital role in addressing the housing needs of the elderly in St. Petersburg, Florida, by providing affordable options that improve their quality of life. By serving as the general partner for Peterborough 2, Ltd, the organization ensures that HUD-subsidized housing is available for older adults who may be facing financial challenges.
The impact of Peterborough Apartments extends beyond mere provision of shelter; it enhances the well-being of its residents by fostering a safe and supportive community. The $250,000 guaranty reserve and the note receivable indicate financial stability, which helps sustain the organization’s mission and ensures that it can continue to serve its residents effectively.
Through its efforts, Peterborough Apartments Inc contributes to the overall health of the community, offering stability and security to some of the most vulnerable members of society. The availability of affordable housing underpins the well-being of elderly residents, allowing them to live with dignity and peace of mind.
This information is meant to be a general summary of Peterborough Apartments 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.
- Program Service Revenue: $424
- Gross Receipts: $424
Assets and Liabilities:
- Total Assets: $260,269
- Total Liabilities: $0
- Net Assets: $260,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - O'P
Revenue
$424
Organization Details
Founding Year
1979
Phone
(727) 578-1174Principal Officer
Virginia Rowell
Main Address
180 FOUNTAIN PARKWAY NORTH 100, ST PETERSBURG, FL, 33716
NTEE Category
Code: L21Z - Housing
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