Overview
What is Monroe Place Corporation?
Monroe Place Corporation is a nonprofit organization dedicated to addressing the housing needs of individuals experiencing chronic mental illness. Based on the provided information, their mission involves developing and managing a 16-unit housing project, providing affordable living spaces for these underserved individuals. Their work is instrumental in offering a supportive environment for this vulnerable population, thereby contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Monroe Place Corporation has achieved an overall score of 87%, reflecting a strong focus on accountability and finance. This rating is based on a comprehensive evaluation of various financial practices, indicating that the organization operates with a high level of transparency and responsibility.
The nonprofit's strengths include a fully independent board, with 14 members who have no conflicts of interest. Additionally, it maintains excellent financial ratios, including a program expense ratio of 100%, suggesting that all funds are directed towards its mission-related activities. The organization also adheres to rigorous policies regarding document retention and conflict of interest, further enhancing its credibility.
However, while the rating is positive, the score is solely derived from the accountability and finance beacon, which means there may be limited insights into the impact or effectiveness of the programs offered. Overall, Monroe Place Corporation demonstrates commendable financial integrity but could benefit from a broader evaluation of its programmatic outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Place Corporation legitimate?
Monroe Place Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Place 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Monroe Place Corporation?
Monroe Place Corporation, as an organization, is dedicated to developing and managing a 16-unit housing project specifically catering to low-income individuals who live with chronic mental illness. Their mission is to provide affordable housing for these individuals, ensuring they have a safe and suitable living environment. By offering low-cost housing, the corporation aims to contribute positively to the well-being and overall quality of life for these vulnerable members of society.
Who is the CEO of Monroe Place Corporation?
Kim Fitzgerald is the President of Monroe Place Corporation. The CEO's salary of Monroe Place Corporation is $0 and their total compensation is $139,276.
What is the revenue of Monroe Place Corporation?
Monroe Place Corporation's revenue in 2023 was $172,078.
Who are the executives of Monroe Place Corporation and what are their salaries?
Here are 15 key members and their salaries (Monroe Place Corporation's CEO's salary is $0 and their total compensation is $139,276):
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Where can I find the form 990 for Monroe Place Corporation?
Monroe Place Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Monroe Place Corporation
Monroe Place Corporation is a dedicated organization that aims to provide affordable housing for individuals battling chronic mental illness. With a strong mission, this nonprofit develops and operates a 16-unit housing project, specifically designed to cater to this vulnerable population. The primary objective of Monroe Place Corporation is to offer low-cost housing, creating a safe and supportive environment for its residents. By doing so, this nonprofit is making a significant contribution towards addressing the housing needs of individuals living with chronic mental illness, thereby supporting their overall well-being.
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Impact
October, 2024
Monroe Place Corporation significantly impacts the community by providing low-cost housing for low-income residents experiencing chronic mental illness. By developing and operating a 16-unit housing project in South Burlington, Vermont, it creates a stable living environment that fosters dignity and support for individuals facing mental health challenges. This initiative not only addresses a critical need for affordable housing but also enhances the overall well-being of its residents, promoting their social inclusion and independence. Monroe Place Corporation plays a crucial role in alleviating homelessness and improving the quality of life for some of the most vulnerable members of society.
This information is meant to be a general summary of Monroe Place 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 2023.
- Investment Income: $3,232
- Program Service Revenue: $76,613
- Gross Receipts: $172,078
Assets and Liabilities:
- Total Assets: $684,444
- Total Liabilities: $9,763
- Net Assets: $674,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$74,274
LAUNDRY/MISCELLANEOUS
Revenue
$2,339
Organization Details
Founding Year
1995
Phone
(802) 651-0886Principal Officer
Kim Fitzgerald
Main Address
412 FARRELL STREET 100, SOUTH BURLINGTON, VT, 05403
NTEE Category
Code: L210 - Housing
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