AI Summary
TCS-I MIDTOWN APARTMENTS is a nonprofit organization focused on housing development, dedicated to providing affordable housing to lower-income residents in Scranton. With an operating budget of $1.8 million and total revenue of $1.9 million for the filing year 2024, the organization maintains 233 residential units that are consistently priced 35% to 40% below prevailing market rates. It receives significant funding from LACKAWANNA NEIGHBORS INC, which contributes $186,000, but does not rely on any single funder for over 50% of its revenue.
Mission Statement
THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO LOWER INCOME RESIDENTS OF THE CITY OF SCRANTON, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE PHYSICAL AND AESTHETIC QUALITY OF ITS 233 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY 35% TO 40% BELOW PREVALING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES.
Cause Areas
1
Housing development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
LACKAWANNA NEIGHBORS INC
Scranton, PA, US
$186K
100%
Frequently Asked Questions
What is TCS-I MIDTOWN APARTMENTS’s budget?
In 2024, TCS-I MIDTOWN APARTMENTS reported an annual operating budget of around $1.8 million. More detailed financial information is available to registered users.
What causes does TCS-I MIDTOWN APARTMENTS support?
TCS-I MIDTOWN APARTMENTS supports work in Housing development.
Where does TCS-I MIDTOWN APARTMENTS operate?
TCS-I MIDTOWN APARTMENTS is headquartered in Scranton, PA.
Who funded TCS-I MIDTOWN APARTMENTS recently?
In 2018, TCS-I MIDTOWN APARTMENTS received grants from LACKAWANNA NEIGHBORS INC and LACKAWANNA NEIGHBORS INC. More information on this organization’s funders is available to registered users.
What is the largest grant TCS-I MIDTOWN APARTMENTS received in 2018?
The largest grant to TCS-I MIDTOWN APARTMENTS in 2018 exceeds $135 thousand.