Scottish Rite Tower Development Corporation
Scottish Rite Tower Development Corporation
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About this organization
Revenue
$1,150,132
Expenses
$1,519,633
Mission
Scottish Rite Tower Development Corporation owns and operates a 107 unit apartment project for low and moderate income senior citizens and handicapped persons. The project is operated under Section 202 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development.
About
Successfully provided affordable housing to low to moderate income senior citizens and handicapped residents for 107 units.
Interesting data from their 2019 990 filing
The purpose of the non-profit is listed in the filing as “Scottish rite tower development corporation owns and operates a 107 unit apartment project for low and moderate income senior citizens and handicapped persons. the project is operated under section 202 of the national housing act and regulated by the u.s. department of housing and urban development.”.
When discussing its operations, they were characterized as: “Scottish rite tower development corporation owns and operates a 107 unit apartment project for low and moderate income senior citizens and handicapped persons. the project is operated under section 202 of the national housing act and regulated by the u.s. department of housing and urban development.”.
- The non-profit's legally reported state of operation is PA.
- The filing states that the non-profit's address in the year 2019 is 1530 FITZWATER STREET, PHILADELPHIA, PA, 19146.
- The form submitted by the non-profit for 2019 shows a total of 6 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$369,501.
- The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
- The organization has a written policy that delegates the management duties.
- The organization has 14 independent voting members.
- The organization was formed in 1996.
- The organization is required to file Schedule O.
- The organization pays $466,901 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.