Overview
What is Grace Tower Inc?
Grace Tower Inc is a nonprofit organization situated in Pasadena, California, specifically at PO Box 7070. Their primary mission is to provide affordable housing to low-income elderly tenants. They manage an apartment complex consisting of 168 units, funded under HUD Project #129-SH060. This organization plays a significant role in ensuring elderly individuals have a secure and comfortable living space, contributing to the community's well-being. With a workforce of six dedicated employees, Grace Tower Inc continues to uphold its commitment to this cause.
Is Grace Tower Inc legitimate?
Grace Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Tower 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,476
For more financial information, click here
Mission Statement of Grace Tower Inc
Grace Tower Inc, a notable organization, is dedicated to providing low-income housing for elderly tenants. Their mission is carried out through the operation of an apartment complex, comprising 168 units. This complex serves as a sanctuary for elderly individuals who may not otherwise have access to affordable housing. HUD Project #129-SH060 supports this endeavor, ensuring the availability of these units. By offering this service, Grace Tower Inc contributes significantly to the well-being and security of its elderly tenants, providing them with a stable and comfortable living environment.
Impact
This information is meant to be a general summary of Grace Tower Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Grace Tower Inc's impact is significant in providing low-income housing for elderly tenants in Pasadena, CA. Its operation of an apartment complex with 168 units specifically designated for this demographic helps meet the critical need for affordable housing among the elderly population. By participating in the H.U.D. Project #129-SH060, Grace Tower Inc contributes to enhancing the quality of life for low-income elderly individuals by offering them a safe and comfortable place to call home. This organization's focus on housing aligns with its mission to address the housing challenges faced by elderly residents, making a positive impact on the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING REVENUE
Revenue
$3,454
MISC INCOME
Revenue
$3,054
RENTAL INCOME
Revenue
$4,082,381
Organization Details
Founding Year
1967
Phone
(323) 258-3512
Principal Officer
Emil J Wohl
Main Address
PO BOX 7070, PASADENA, CA, 91109
NTEE Category
Code: L220 - Housing
If you are a representative of Grace Tower Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.