Chelmsford Housing Elder Partnership Inc

Organization Overview

Chelmsford Housing Elder Partnership Inc is located in Chelmsford, MA. The organization was established in 2001. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Chelmsford Housing Elder Partnership 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 03/2023, Chelmsford Housing Elder Partnership Inc generated $403.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.8m during the year ending 03/2023. 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

OPERATES A 51-UNIT HOUSING PROJECT IN CHELMSFORD, MASSACHUSETTS FOR LOW- INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MAINTAINS A RESIDENTIAL FACILITY WITH 51 UNITS WHICH PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS IN CHELMSFORD, MA. FUNDING TO PURCHASE THE FACILITY WAS PROVIDED BY THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT. THE ACTIVITY ON THIS FORM 990 REFLECTS THE ACTIVITY OF THIS PROPERTY THROUGH FEBRUARY 28, 2023. EFFECTIVE MARCH 1, 2023, THE ORGANIZATION TRANSFERRED OWNERSHIP OF THE PROPERTY TO CHOICE HOUSING OPPORTUNITIES FOR INTERGENERATIONAL AND COMMUNITY ENDEAVORS, INC. (CHOICE INC.). IN CONNECTION WITH THE TRANSFER, CHOICE ENTERED INTO AN AGREEMENT WITH HUD THAT RESTRICTS THE PROPERTY AS RENTAL HOUSING FOR THE ELDERLY THROUGH JANUARY 1, 2065 AND HUD RELEASED THE ORGANIZATION FROM THE REQUIREMENTS OF THE CAPITAL ADVANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Denise Marcaurelle
President
$0
Wendy Mauriello
Treasurer
$0
Michael Murray
Clerk
$0
Judith O'connor
Director
$0
Georgianna Mueller
Director
$0
Cornelia Donahue Comtois
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $226,779
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$226,779
Total Program Service Revenue$169,677
Investment income $3,119
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 $403,006

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