Townsend Elderly Residences Inc

Organization Overview

Townsend Elderly Residences Inc is located in Worcester, MA. The organization was established in 1985. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townsend Elderly Residences Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 10/2020, Townsend Elderly Residences Inc generated $649.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $643.3k during the year ending 10/2020. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 50 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$423,922
Investment income $56
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $649,759

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