Overview
What is Village At Ascension Heights Inc C/O Cornerstone Corporation?
Village At Ascension Heights Inc C/O Cornerstone Corporation is a nonprofit organization situated in Westwood, Massachusetts. Their primary mission is to offer affordable housing options to qualified individuals within the Worcester, Massachusetts area, adhering to the guidelines set by the United States Department of Housing and Urban Development. To achieve this, they provide 35 apartment units as subsidized housing, funded by the U.S. Department of Housing & Urban Development Agency. This initiative aims to cater to the housing needs of low-income elderly residents in the specified region.
Is Village At Ascension Heights Inc C/O Cornerstone Corporation legitimate?
Village At Ascension Heights Inc C/O Cornerstone Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village At Ascension Heights Inc C/O Cornerstone Corporation 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: $63,867
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What is the mission statement of Village At Ascension Heights Inc C/O Cornerstone Corporation?
The organization, Village At Ascension Heights Inc C/O Cornerstone Corporation, is committed to providing affordable housing for qualified individuals. This mission aligns with the guidelines set by the United States Department of Housing and Urban Development. Their most significant activity involves offering 35 apartment units of low-income housing to eligible individuals in a specific area. To support this endeavor, they receive rent subsidies from the U.S. Department of Housing & Urban Development Agency. The primary goal of the organization is to make housing accessible and affordable for individuals who meet the qualifications, thereby contributing to a more equitable housing landscape.
Who is the CEO of Village At Ascension Heights Inc C/O Cornerstone Corporation?
Fr John F Madden is the Principal Officer of Village At Ascension Heights Inc C/O Cornerstone Corporation.
What is the revenue of Village At Ascension Heights Inc C/O Cornerstone Corporation?
Village At Ascension Heights Inc C/O Cornerstone Corporation's revenue in 2022 was $370,160.
Who are the executives of Village At Ascension Heights Inc C/O Cornerstone Corporation and what are their salaries?
There 9 volunteers at Village At Ascension Heights Inc C/O Cornerstone Corporation.
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Where can I find the form 990 for Village At Ascension Heights Inc C/O Cornerstone Corporation?
Village At Ascension Heights Inc C/O Cornerstone Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village At Ascension Heights Inc C/O Cornerstone Corporation
Village At Ascension Heights Inc C/O Cornerstone Corporation is dedicated to providing affordable housing to qualified individuals. This nonprofit organization adheres to the guidelines set by the United States Department of Housing and Urban Development. Their primary mission is to offer 35 apartment units of low-income housing in an unspecified location, with rent subsidies provided by the U.S. Department of Housing & Urban Development Agency. The organization aims to cater to individuals in need of affordable housing, contributing to a more inclusive and equitable society.
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Impact
October, 2024
Village At Ascension Heights Inc C/O Cornerstone Corporation plays a crucial role in addressing the housing needs of low-income individuals in the Worcester, Massachusetts area. By providing 35 apartment units specifically designated for low-income elderly residents, the organization significantly contributes to enhancing the quality of life for a vulnerable population.
The impact of this initiative extends beyond simply offering shelter; it fosters a sense of community and security for its residents, many of whom may otherwise struggle to find affordable housing. By adhering to guidelines established by the U.S. Department of Housing and Urban Development, the organization ensures that its operations are in alignment with federal housing standards, promoting safe and sustainable living conditions.
Furthermore, the receipt of rent subsidies from the U.S. Department of Housing & Urban Development helps to alleviate the financial burden on residents, making it possible for them to maintain their independence while enjoying access to essential services and support. This approach not only improves the immediate living situations of the tenants but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Village At Ascension Heights Inc C/O Cornerstone Corporation. 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: $571
- Program Service Revenue: $369,589
- Gross Receipts: $370,160
Assets and Liabilities:
- Total Assets: $3,962,717
- Total Liabilities: $5,897,164
- Net Assets: -$1,934,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$366,708
LAUNDRY INCOME
Revenue
$2,631
TENANT CHARGES
Revenue
$250
Organization Details
Founding Year
2004
Phone
(781) 407-2100Principal Officer
Fr John F Madden
Main Address
ONE UNIVERSITY AVENUE 110, WESTWOOD, MA, 02090
NTEE Category
Code: L21 - Housing
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