Mcharrie Towne Inc

Organization Overview

Mcharrie Towne Inc is located in Baldwinsville, NY. The organization was established in 2018. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcharrie Towne 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 12/2023, Mcharrie Towne Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

MCHARRIE TOWNE, INC. IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION THAT PROVIDES HOUSING AND OTHER RELATED SERVICES TO ITS RESIDENTS THROUGH THE OPERATION OF A RETIREMENT COMMUNITY CONTAINING 111 RESIDENTIAL UNITS LOCATED IN BALDWINSVILLE, NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL OF HOUSING UNITS IS OFFERED TO ELDERLY TENANTS SUBSTANTIALLY AT COST. THE ORGANIZATION ALSO HAS ARRANGED FOR A PROGRAM OF SERVICES DESIGNED TO SUPPORT AND MAINTAIN ELDERLY OCCUPANTS WITHIN THE UNITS. CONGREGATE KITCHEN AND DINING FACILITIES AND RECREATIONAL SPACE ARE OFFERED ALONG WITH HOUSEKEEPING SERVICES, MAINTENANCE, AND SECURITY.


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Board, Officers & Key Employees

Name (title)Compensation
Donald Colon
President
$0
Joannne Daprano
Director
$0
Ken Dodge
Director
$0
Frederick Marty
Director
$0
Susan Maxsween
Director
$0
Fred Miller
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,500,777
Investment income $50,050
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 $1,550,827

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