Overview
What is Westminsterwashingtonnmtc Inc?
Westminsterwashingtonnmtc Inc is a nonprofit organization based in Jamaica Plain, Massachusetts. In fiscal year 2019, they finalized a market tax credit financing deal and began construction of a 20,500 square foot, two-story building. This structure houses office spaces, programming areas, community rooms, and a fully licensed childcare facility. The construction was completed in fiscal year 2022, and the nonprofit entered a long-term lease agreement with Roxbury Stone House, Inc. to allow them to operate both their agency and childcare services on the site. Furthermore, Westminsterwashingtonnmtc Inc agreed to share common area costs with WW LIHTC via an arrangement with WW LIHTC's new 51% owner, the Planning Office of Urban Affairs. The organization supports the activities of Roxbury Stone House, Inc.
Is Westminsterwashingtonnmtc Inc legitimate?
Westminsterwashingtonnmtc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminsterwashingtonnmtc 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Westminsterwashingtonnmtc Inc?
Westminsterwashingtonnmtc Inc's mission during fiscal year 2022 was primarily focused on supporting the activities of Roxbury Stone House, Inc. This support led to the organization facilitating the permanent financing of approximately 20,500 square feet of space and entering into a long-term lease of this space with Roxbury Stone House, Inc. Subsequently, Roxbury Stone House, Inc., commenced both agency and childcare operations on the site. Furthermore, Westminsterwashingtonnmtc Inc. also entered into an agreement on the allocation of common area costs with WW LIHTC, which was now a 51% owner of the entity, through its new owner, the Planning Office of Urban Affairs.
Who is the CEO of Westminsterwashingtonnmtc Inc?
Rosa Licea-Mailloux is the President of Westminsterwashingtonnmtc Inc.
What is the revenue of Westminsterwashingtonnmtc Inc?
Westminsterwashingtonnmtc Inc's revenue in 2022 was $66,996.
Who are the executives of Westminsterwashingtonnmtc Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $113,715
- Other: $4,075
Where can I find the form 990 for Westminsterwashingtonnmtc Inc?
Westminsterwashingtonnmtc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westminsterwashingtonnmtc Inc
WestminsterWashingtonnmtc Inc, as a supporting organization, played a significant role in the transition of Roxbury Stone House, Inc. during the fiscal year 2022. The primary mission of WestminsterWashingtonnmtc Inc was to facilitate the construction phase of an approximately 20,500 square foot space. After completing the construction phase, WestminsterWashingtonnmtc Inc moved on to securing permanent financing for this space. Subsequently, the organization entered into a long-term lease agreement with Roxbury Stone House, Inc., which allowed the latter to commence both agency and childcare operations on the site. Furthermore, WestminsterWashingtonnmtc Inc also engaged in an agreement on the allocation of common area costs with WW LiHTC via that entity's new 51% owner, the Planning Office of Urban Affairs. This collaboration enabled the seamless operation of the shared space, ultimately benefiting both organizations and the communities they serve.
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Impact
October, 2024
Westminsterwashingtonnmtc Inc has made a significant impact through its support for Roxbury Stone House, Inc. By facilitating the construction of a new 20,500 square foot facility in Jamaica Plain, MA, the organization has created a vital space that includes office areas, programming and community spaces, and a fully licensed childcare facility. This development not only enhances the local infrastructure but also addresses crucial community needs, particularly in childcare and organizational support.
The transition from construction to permanent financing signifies a stable investment in the community's future, allowing for long-term operations and services. With the completion of this facility in FY 2022, Roxbury Stone House, Inc. commenced its agency and childcare operations, thereby providing essential services that contribute to the well-being of local families. The involvement of the Planning Office of Urban Affairs as a significant partner further emphasizes the collaborative approach that strengthens community resources and support networks.
Overall, Westminsterwashingtonnmtc Inc plays a pivotal role in fostering community development, enhancing access to essential services, and supporting organizational growth that benefits the community of Jamaica Plain and surrounding areas.
This information is meant to be a general summary of Westminsterwashingtonnmtc 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: $66,996
- Gross Receipts: $66,996
Assets and Liabilities:
- Total Assets: $8,822,404
- Total Liabilities: $7,745,280
- Net Assets: $1,077,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$66,996
Organization Details
Founding Year
2018
Phone
(617) 427-9801Principal Officer
Rosa Licea-Mailloux
Main Address
PO BOX 300039, JAMAICA PLAIN, MA, 02130
NTEE Category
Code: L20 - Housing
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