Overview
What is Forest Springs Inc?
Forest Springs Inc is a nonprofit organization situated in Great Barrington, Massachusetts. Their primary mission is to provide affordable housing options for low-income families, catering to various income brackets, including very low-income, low-income, and those earning up to 60% of the median income. The organization manages a housing project that comprises 11 rental units, with 4, 5, and 2 units respectively for very low, low, and extremely low-income families. This initiative aims to meet the critical need for housing in the community and aligns with Massachusetts's affordable housing goals. In summary, Forest Springs Inc seeks to transform and save lives by offering housing solutions and related services.
Is Forest Springs Inc legitimate?
Forest Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Springs 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:
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What is the mission statement of Forest Springs Inc?
Forest Springs Inc's mission is centered around making a positive impact on lives through housing options and related services. The organization provides rental housing units for individuals and families with varying income levels, from very low to 60% of the median income. This initiative aims to address the critical housing needs in the community, contributing to the state's affordable housing goals. Forest Springs Inc's housing complex includes 11 units, catering to low-income, very low-income, and extremely low-income families. The organization's mission is to improve living situations and contribute to a more stable and equitable community.
Who is the CEO of Forest Springs Inc?
Keith Seidman is the President of Forest Springs Inc.
What is the revenue of Forest Springs Inc?
Forest Springs Inc's revenue in 2022 was $134,844.
Who are the executives of Forest Springs Inc and what are their salaries?
There 22 volunteers at Forest Springs Inc.
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- Related: $84,007
- Other: $6,720
Where can I find the form 990 for Forest Springs Inc?
Forest Springs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forest Springs Inc
Forest Springs Inc, a nonprofit organization, is committed to transforming and saving lives through the provision of housing options and related services. Their primary mission is to address the critical need for affordable housing in various income brackets within the community. The organization provides rental housing units for individuals and families who fall within the categories of very low to 60% of the median income. By doing so, Forest Springs Inc contributes to the state's affordable housing goals, ensuring that low-income families have access to appropriate housing solutions.
The nonprofit manages a housing complex that comprises 11 rental units. These units are categorized based on income levels, with 4 units for low-income families, 5 units for very low-income families, and 2 units for extremely low-income families. By offering affordable housing options, Forest Springs Inc helps to alleviate housing-related issues and provides families with stable living environments, which can contribute to overall well-being and improved quality of life.
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Impact
October, 2024
Forest Springs Inc plays a crucial role in addressing the critical need for affordable housing in Great Barrington, Massachusetts. By owning and managing a housing project designed specifically for low to moderate-income families, the organization directly impacts the community by providing 11 rental units that cater to various income levels, including extremely low, very low, and low-income households.
The organization focuses on helping those with incomes at or below 60% of the median, allowing families to access stable and affordable living situations. This access to housing not only improves the quality of life for residents but also contributes to greater community stability. By offering rental options that align with state affordable housing goals, Forest Springs Inc helps to mitigate housing insecurity and fosters an environment where families can thrive.
Overall, the impact of Forest Springs Inc extends beyond mere housing; it influences the well-being of families and the larger community, underscoring the importance of equitable access to safe and affordable homes.
This information is meant to be a general summary of Forest Springs 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.
- Investment Income: $5
- Program Service Revenue: $120,056
- Gross Receipts: $134,844
Assets and Liabilities:
- Total Assets: $3,290,322
- Total Liabilities: $2,555,395
- Net Assets: $734,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUES
Revenue
$120,056
Organization Details
Founding Year
2017
Phone
(413) 528-1985Principal Officer
Keith Seidman
Main Address
316A STATE RD, GREAT BARRINGTON, MA, 01230
NTEE Category
Code: L20 - Housing
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