Altergarten Las Teresas Inc

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

EIN: 660398624 ✦ San juan, PR ✦ Designated as a 501(c)(3)

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Overview

What is Altergarten Las Teresas Inc?

Altergarten Las Teresas Inc is a nonprofit organization situated in San Juan, Puerto Rico. Specifically located at PO Box 28598, the organization is deeply committed to serving the elderly population with low income. This commitment is demonstrated through the operation of a residential apartment project, regulated by the National Housing Act of the US Department of Housing and Urban Development. The project, which comprises 91 units, is designed to adhere to certain rent charges and operational methods established by this act. In essence, Altergarten Las Teresas Inc operates a HUD-funded housing project, providing a safe and supportive living environment for the elderly in need.

Is Altergarten Las Teresas Inc legitimate?

Altergarten Las Teresas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altergarten Las Teresas 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: $143,009

For more financial information, click here

What is the mission statement of Altergarten Las Teresas Inc?

Altergarten Las Teresas Inc is an organization dedicated to serving the elderly with low income. Their primary mission involves owning and operating a housing project, providing a residence for this demographic. The housing project, regulated under Section 202 8 of the National Housing Act by the US Department of Housing and Urban Development, sets guidelines for rent charges and operational methods. This project consists of 91 residential apartments, aiming to provide a suitable living environment for the elderly population in need.

Who is the CEO of Altergarten Las Teresas Inc?

Daisy Delgado is the President of Altergarten Las Teresas Inc.

What is the revenue of Altergarten Las Teresas Inc?

Altergarten Las Teresas Inc's revenue in 2022 was $717,604.

Who are the executives of Altergarten Las Teresas Inc and what are their salaries?


Here are 4 key members and their salaries:


Daisy Delgado (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herbert Padua (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aida I Cotto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marisol Mendez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Altergarten Las Teresas Inc?

Altergarten Las Teresas Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Altergarten Las Teresas Inc

Altergarten Las Teresas Inc is dedicated to serving the elderly community with low income, by owning and operating a housing project specifically designed for their needs. This project, which falls under Section 202 of the National Housing Act regulated by the US Department of Housing and Urban Development, ensures reasonable rent charges and operating methods for the residents. The organization provides 91 residential apartment units, offering a safe and comfortable living environment for its elderly residents.

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Impact




October, 2024

Altergarten Las Teresas Inc significantly enhances the quality of life for low-income elderly residents in San Juan, Puerto Rico, through its housing project. It operates a 91-unit residential apartment complex specifically designed to meet the needs of elderly individuals. By adhering to guidelines set out under Section 202 of the National Housing Act, it ensures that the rent and operational methods remain affordable, allowing residents to thrive in a supportive community.

The organization's commitment to providing safe, stable, and comfortable living conditions plays a crucial role in addressing the housing challenges faced by elderly populations in the area. The availability of these dedicated housing units not only offers shelter but also fosters social interaction and a sense of belonging among residents, thus improving their overall well-being.




This information is meant to be a general summary of Altergarten Las Teresas 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.

Revenue
$717,604 (2022)
Expenses
$706,050 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $178
  • Program Service Revenue: $706,241
  • Gross Receipts: $717,604

Assets and Liabilities:

  • Total Assets: $940,204
  • Total Liabilities: $279,619
  • Net Assets: $660,585

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Programs

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

ELDERLY HOUSING RENT

Revenue

$706,241

Organization Details

Founding Year

1963

Principal Officer

Daisy Delgado

Main Address

PO BOX 28598, SAN JUAN, PR, 00929

NTEE Category

Code: L21 - Housing

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