Overview
What is Progress Apartments?
Progress Apartments is a nonprofit organization, situated in San Francisco, California, with the mission of providing affordable and subsidized housing for individuals who are low-income and living with mental disabilities. This organization is dedicated to ensuring that these individuals have a safe and suitable living environment. The specifics of their activities involve offering subsidized housing, aiming to improve their quality of life and provide them with the necessary support for their unique circumstances.
Is Progress Apartments legitimate?
Progress Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progress Apartments 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: $32,527
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What is the mission statement of Progress Apartments?
Progress Apartments is committed to providing subsidized, affordable housing for individuals with mental disabilities who have low income. This mission is carried out by offering low-cost housing as a means of support, aiming to improve their living conditions and overall quality of life. The organization's goal is to make housing more accessible for this vulnerable group, thereby helping them to lead more stable and independent lives.
What is the revenue of Progress Apartments?
Progress Apartments's revenue in 2024 was $215,494.
Who are the executives of Progress Apartments and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $253,260
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- Related: $173,670
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- Related: $129,815
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Where can I find the form 990 for Progress Apartments?
Progress Apartments's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Progress Apartments
Progress Apartments, as a nonprofit organization, is committed to providing subsidized and low-cost housing for individuals who are financially disadvantaged and live with mental disabilities. Its mission is to create an inclusive living environment where these individuals can reside with dignity and security. The organization recognizes the unique challenges faced by individuals with mental disabilities in securing affordable housing and aims to address this need through its housing services. Progress Apartments is dedicated to making a significant impact in the lives of its residents, promoting their independence and well-being while ensuring their basic housing needs are met.
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Impact
October, 2024
Progress Apartments significantly impacts the San Francisco community by addressing the urgent need for affordable housing options tailored to low-income individuals facing mental disabilities. By providing subsidized low-cost housing, it helps to alleviate housing insecurity, enabling residents to stabilize their lives and thrive in a supportive environment. This initiative fosters a sense of community and belonging, which is crucial for mental well-being.
The availability of affordable housing allows residents to focus on their personal development and recovery, breaking the cycle of poverty and homelessness prevalent among vulnerable populations. Moreover, by investing in properties that accommodate the specific needs of individuals with mental disabilities, Progress Apartments promotes inclusivity and dignity, showcasing the importance of accessible living conditions. Overall, the organization plays a vital role in improving the quality of life for its residents and contributes to a more equitable society.
This information is meant to be a general summary of Progress Apartments. 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 2024.
- Investment Income: $6
- Program Service Revenue: $86,896
- Gross Receipts: $215,494
Assets and Liabilities:
- Total Assets: $337,404
- Total Liabilities: $532,306
- Net Assets: -$194,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENT
Revenue
$86,014
LAUNDRY OTHER INCOME
Revenue
$882
Organization Details
Founding Year
1988
Principal Officer
Steve Fields
NTEE Category
Code: L21 - Housing
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