Overview
What is Carol Maclean Corporation?
Carol Maclean Corporation is a notable organization situated in Parsippany, New Jersey, specifically at 959 Route 41 East, Suite 402. Their primary mission revolves around providing affordable housing to individuals battling mental illness, as part of the HUD 811 program. Currently, they house three tenants within this building. The organization's purpose is to ensure that individuals living with mental illness have access to a supportive and affordable living environment.
Official website here: www.communityhope-nj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Carol Maclean Corporation has received a strong rating of 82%, which reflects its solid performance in accountability and finance. The organization has achieved a perfect score in several key areas, including having an independent board and effective governance policies. This highlights the organization's commitment to maintaining transparency and ethical standards in its operations.
However, a notable concern is the high liabilities to assets ratio of 157.88%, which indicates potential financial risk. While the organization excels in program expenses, this ratio suggests a significant level of debt relative to its assets, which could impact financial stability.
Overall, while the Carol Maclean Corporation demonstrates strong governance and accountability practices, potential donors and stakeholders may want to consider the implications of its financial leverage as part of their assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Carol Maclean Corporation legitimate?
Carol Maclean Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carol Maclean 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: $0
For more financial information, click here
Official website here: www.communityhope-nj.org
What is the mission statement of Carol Maclean Corporation?
Carol Maclean Corporation, as a HUD 811 organization, is dedicated to providing affordable housing for individuals dealing with mental illness. Its mission is to serve as a subsidized housing corporation, offering shelter at affordable prices to those in need. Currently, the organization has three tenants residing in their building, benefiting from this vital service. The corporation's goal is to contribute to the well-being of these individuals, providing them with a stable living environment that supports their recovery and overall quality of life.
Official website here: www.communityhope-nj.org
Who is the CEO of Carol Maclean Corporation?
Carmine V Deo is the Board Treasurer of Carol Maclean Corporation.
Official website here: www.communityhope-nj.org
What is the revenue of Carol Maclean Corporation?
Carol Maclean Corporation's revenue in 2020 was $23,636.
Official website here: www.communityhope-nj.org
Who are the executives of Carol Maclean Corporation and what are their salaries?
There 4 volunteers at Carol Maclean Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $150,623
- Other: $11,260
Official website here: www.communityhope-nj.org
Where can I find the form 990 for Carol Maclean Corporation?
Carol Maclean Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.communityhope-nj.org
Learn more at the official website: www.communityhope-nj.org
Mission Statement of Carol Maclean Corporation
Carol Maclean Corporation, as a HUD 811 organization, is dedicated to providing affordable housing for individuals battling mental illness. This mission is carried out through the subsidized housing services offered by the corporation. The primary focus of Carol Maclean Corporation is to offer affordable living spaces to individuals who are affected by mental illness, ensuring they have a secure and supportive environment to call home. Currently, the organization has three tenants residing in the building, benefiting from its subsidized housing program.
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Impact
August, 2024
The impact of Carol Maclean Corporation is significant as it provides essential support to individuals suffering from mental illness by offering affordable housing through HUD 811 subsidized programs. By ensuring that those in need have a stable and safe place to live, the organization plays a crucial role in improving the overall well-being and quality of life for its tenants. Through its mission-focused approach, Carol Maclean Corporation helps address the housing challenges faced by this vulnerable population, creating a positive impact on both the individuals it serves and the community as a whole.
This information is meant to be a general summary of Carol Maclean 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 2020.
- Investment Income: $146
- Program Service Revenue: $5,178
- Gross Receipts: $23,636
Assets and Liabilities:
- Total Assets: $240,669
- Total Liabilities: $379,999
- Net Assets: -$139,330
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FEES
Revenue
$5,178
Organization Details
Founding Year
2002
Phone
(973) 463-9600Principal Officer
Carmine V Deo
Main Address
959 ROUTE 46 EAST NO 402, PARSIPPANY, NJ, 07054
Website
www.communityhope-nj.orgNTEE Category
Code: L21 - Housing
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