Stonybrook I Housing Services Inc

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

EIN: 814449057 ✦ Lowell, MA ✦ Designated as a 501(c)(2)

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Overview

What is Stonybrook I Housing Services Inc?

Stonybrook I Housing Services Inc is a nonprofit organization based in Lowell, Massachusetts, specifically at 155 Merrimack Street, 01852. Their primary mission is dedicated to creating affordable housing opportunities for individuals and families with low to moderate incomes, focusing on the Westford, Massachusetts area. Their objective revolves around developing and providing such housing, contributing positively to the local community.

Is Stonybrook I Housing Services Inc legitimate?

Stonybrook I Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Stonybrook I Housing Services 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: $26,122

For more financial information, click here

What is the mission statement of Stonybrook I Housing Services Inc?

Stonybrook I Housing Services Inc is committed to a significant mission. Their primary goal is to create affordable housing options for individuals and families with moderate to low income levels. By developing such housing, they aim to contribute positively to the community, ensuring that everyone has access to a decent living space, regardless of their financial situation. This mission reflects their dedication to social equity and affordable housing, striving to make a positive impact on the lives of those in need.

Who is the CEO of Stonybrook I Housing Services Inc?

Glenn Goldman is the President of Stonybrook I Housing Services Inc.

What is the revenue of Stonybrook I Housing Services Inc?

Stonybrook I Housing Services Inc's revenue in 2022 was $261,269.

Who are the executives of Stonybrook I Housing Services Inc and what are their salaries?

There 3 volunteers at Stonybrook I Housing Services Inc.


Here are 3 key members and their salaries:


Glenn Goldman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James B Hogan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Germaine Vigeant-Trudel (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Stonybrook I Housing Services Inc?

Stonybrook I Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Stonybrook I Housing Services Inc

Stonybrook I Housing Services Inc is dedicated to a significant mission. This nonprofit organization aims to address the housing needs of individuals and families with limited financial means, residing in Westford, Massachusetts. Their primary objective is to develop affordable housing options, catering to the needs of low and moderate income earners in the area. By undertaking this mission, Stonybrook I Housing Services Inc contributes to ensuring that everyone, regardless of their financial circumstances, has access to a decent place to live. This commitment to affordable housing is a vital step towards promoting social equity and stability in the community.

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Impact




October, 2024

Stonybrook I Housing Services Inc plays a pivotal role in enhancing the quality of life for low and moderate-income individuals and families in Westford, Massachusetts. By focusing on the development of affordable housing, the organization addresses critical housing needs in the community, ensuring that residents have access to stable and secure living environments. This initiative not only helps alleviate economic pressures on families but also contributes to the overall improvement of the community.

The organization’s commitment to creating affordable housing fosters inclusivity and diversity, allowing individuals from various backgrounds to thrive. As a result, Stonybrook I Housing Services Inc strengthens community ties and supports local development efforts, ultimately driving economic growth and stability in Westford. By prioritizing affordable housing, the organization aids in preventing homelessness and housing instability, thus having a lasting positive impact on the community's well-being.




This information is meant to be a general summary of Stonybrook I Housing Services 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
$261,269 (2022)
Expenses
$315,682 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $346
  • Program Service Revenue: $172,103
  • Gross Receipts: $261,269

Assets and Liabilities:

  • Total Assets: $1,467,896
  • Total Liabilities: $1,998,217
  • Net Assets: -$530,321

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Programs

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

LOW-INCOME HOUSING

Revenue

$172,103

Organization Details

Founding Year

2016

Principal Officer

Glenn Goldman

Main Address

155 MERRIMACK STREET, LOWELL, MA, 01852

NTEE Category

Code: S47 - Community improvement

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