Overview
What is 1780 Hchq Inc?
1780 Hchq Inc is a charitable organization established to support and aid Way Finders Inc, a nonprofit focused on exempt purposes as per Section 501(C)(3) of the U.S. tax code. The primary role of 1780 Hchq Inc is to fundraise, carry out Way Finders' functions, and manage the properties where Way Finders operates. The organization also owns, leases, and maintains the sites for Way Finders, providing necessary financial assistance and services. By doing so, 1780 Hchq Inc assists Way Finders in fulfilling its mission, engaging in any lawful activities that do not contradict its status as a charitable organization. Currently, 1780 Hchq Inc is involved in acquiring property in Springfield, Massachusetts, which will be developed and leased to Way Finders as their new housing center and headquarters.
Is 1780 Hchq Inc legitimate?
1780 Hchq Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1780 Hchq 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
For more financial information, click here
What is the mission statement of 1780 Hchq Inc?
1780 Hchq Inc, as a supporting organization, is established to aid Way Finders Inc, a charitable organization, in carrying out its exempt purposes. The corporation's role includes raising funds, performing functions, owning or leasing sites, and offering financial support and services to Way Finders, as long as it continues to operate for exempt purposes. Additionally, 1780 Hchq Inc is permitted to engage in any lawful activities that further these objectives, as long as they do not violate or contradict its status as a charitable organization. The primary aim is to support Way Finders in its mission.
Who is the CEO of 1780 Hchq Inc?
Laureen Borgatti is the President of 1780 Hchq Inc.
What is the revenue of 1780 Hchq Inc?
1780 Hchq Inc's revenue in 2023 was $626,913.
Who are the executives of 1780 Hchq Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $159,870
- Other: $17,574
- Compensation: $0
- Related: $147,745
- Other: $10,878
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1780 Hchq Inc?
1780 Hchq Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 1780 Hchq Inc
1780 Hchq Inc, a charitable organization, is established with a mission to support Way Finders Inc, an exempt organization under Section 501(C)(3) of the Code, by raising funds and carrying out its purposes. The corporation's role is multifaceted, including performing functions that Way Finders would otherwise need to handle, owning, leasing, and maintaining the sites where Way Finders operates, and providing financial support and services to Way Finders. Moreover, 1780 Hchq Inc is authorized to engage in any lawful activities that further its objectives, provided they do not contradict or violate its status as a charitable organization. In essence, 1780 Hchq Inc serves as a benefactor and facilitator for Way Finders, ensuring its continued operations and support in achieving its exempt purposes.
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Impact
October, 2024
1780 Hchq Inc significantly impacts the Springfield, Massachusetts community by providing essential support to Way Finders, Inc., a dedicated organization focused on addressing housing needs. By acquiring property for development as a new housing center and headquarters for Way Finders, 1780 Hchq Inc is playing a crucial role in expanding access to housing services, thereby helping individuals and families navigate their housing challenges more effectively.
The initiatives of 1780 Hchq Inc encompass raising funds and facilitating activities that allow Way Finders to operate more efficiently. This support ensures that Way Finders can focus on their mission of providing vital resources and services that empower residents to secure stable housing. By maintaining and managing the sites where Way Finders operates, 1780 Hchq Inc enhances the organization's capacity to serve the community, all while adhering to its commitment to charitable activities.
Overall, 1780 Hchq Inc's strategic emphasis on property development and financial backing creates a foundation for sustainable housing solutions that extend far beyond mere shelter, fostering stability and opportunity for those in need within the region.
This information is meant to be a general summary of 1780 Hchq 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 2023.
- Investment Income: $243
- Program Service Revenue: $626,670
- Gross Receipts: $626,913
Assets and Liabilities:
- Total Assets: $14,740,522
- Total Liabilities: $14,076,169
- Net Assets: $664,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL ACTIVITY
Revenue
$626,670
Organization Details
Founding Year
2018
Phone
(413) 233-1500Principal Officer
Laureen Borgatti
Main Address
1780 MAIN STREET, SPRINGFIELD, MA, 01103
NTEE Category
Code: L11 - Housing
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