Overview
What is Mongil Corporation?
Mongil Corporation is a nonprofit organization situated in Linden, New Jersey, with a postal address at 1425 Dill Avenue, 07036. The organization's primary focus is on operating a 78-unit housing complex specifically designed for senior citizens and individuals with disabilities. Beyond providing a living space, Mongil Corporation also dedicates its efforts to enriching the lives of its residents by offering social, educational, and cultural activities. These activities not only foster a sense of community among the residents but also contribute to their overall well-being and personal growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Star rating from Charity Navigator.
Mongil Corporation has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. With a high score of 94% overall, the organization demonstrates robust governance practices, featuring a completely independent board and effective oversight mechanisms. Key metrics, such as a healthy liabilities to assets ratio of 0.96% and an impressive program expense ratio of 84.04%, indicate that the majority of its resources are directed toward fulfilling its mission.
The charity boasts exemplary policies in place, including conflict of interest and whistleblower policies, which are essential for maintaining transparency and ethical standards. Furthermore, it has received top scores in various governance categories, showcasing a dedication to best practices in nonprofit management.
While the rating and feedback are overwhelmingly positive, the summary primarily emphasizes the financial and governance aspects, without delving into specific programmatic impacts or community feedback. Overall, Mongil Corporation stands out as a well-managed organization focused on delivering tangible results.
This AI summary has been generated from information found on Charity Navigator.
Is Mongil Corporation legitimate?
Mongil Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mongil Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,259
For more financial information, click here
What is the mission statement of Mongil Corporation?
Mongil Corporation operates a 78-unit housing complex, catering to senior citizens and individuals with disabilities. Beyond providing residential facilities, the organization also engages in social, educational, and cultural activities for its residents. The primary mission of Mongil Corporation is to enrich the lives of its residents by offering a holistic living experience that goes beyond mere shelter. Through these activities, the organization aims to foster a sense of community, promote learning, and preserve cultural heritage among its residents.
Who is the CEO of Mongil Corporation?
Joseph Infante is the President of Mongil Corporation.
What is the revenue of Mongil Corporation?
Mongil Corporation's revenue in 2022 was $870,924.
Who are the executives of Mongil Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mongil Corporation?
Mongil Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mongil Corporation
Mongil Corporation, a notable organization, is dedicated to serving the needs of senior citizens and disabled individuals. Beyond providing housing with 78 units, the corporation goes above and beyond by offering social, educational, and cultural activities to its residents. This holistic approach ensures that the elderly and disabled not only have a place to live but also have opportunities for engagement, learning, and entertainment. By offering these additional services, Mongil Corporation demonstrates its commitment to enhancing the quality of life for its residents, fostering a sense of community, and promoting overall well-being.
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Impact
July, 2024
Mongil Corporation's impact lies in providing a supportive and enriching environment for senior citizens and disabled individuals in Linden, NJ. Through its 78-unit housing complex, the organization not only offers essential housing accommodations but also fosters a sense of community by organizing social, educational, and cultural activities for its residents. By addressing residents' practical needs while also nurturing their social and intellectual well-being, Mongil Corporation significantly contributes to enhancing the quality of life for vulnerable populations in the local area.
This information is meant to be a general summary of Mongil Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $542
- Program Service Revenue: $269,425
- Gross Receipts: $870,924
Assets and Liabilities:
- Total Assets: $14,133,007
- Total Liabilities: $107,928
- Net Assets: $14,025,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$269,425
Organization Details
Phone
(908) 298-3820Principal Officer
Joseph Infante
Main Address
1425 DILL AVENUE, LINDEN, NJ, 07036
NTEE Category
Code: L22 - Housing
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