Overview
What is Malm Manor Inc?
Malm Manor Inc is a nonprofit organization situated in Providence, Rhode Island, specifically at 18 Park Avenue, 02907. Their primary mission is to provide affordable housing for individuals with disabilities, falling under the United States Department of HUD's Section 811 program. This initiative is designed to cater to low and moderate-income individuals with disabilities, ensuring they have suitable living accommodations. Malm Manor Inc manages 10 apartment units as part of this mission, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Malm Manor Inc has achieved a score of 80%, translating to a Three-Star rating, which reflects a solid level of accountability and financial management. The rating is derived entirely from the Accountability & Finance beacon score. This indicates that the organization has demonstrated a strong commitment to maintaining transparent and responsible financial practices.
One of the notable strengths of Malm Manor Inc is its governance structure, featuring a fully independent board with 100% of members being independent. The organization has also scored perfectly in areas such as having no material diversion of assets and effectively documenting board meeting minutes. Additionally, the program expense ratio stands at an impressive 100%, suggesting that all incurred expenses are directed towards its programs.
However, while the overall performance in accountability and finance is commendable, no information is available regarding other aspects of the charity that might affect its overall impact or effectiveness. Potential donors and supporters may want to consider looking deeper into its program outcomes and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Malm Manor Inc legitimate?
Malm Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malm Manor Inc 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
What is the mission statement of Malm Manor Inc?
Malm Manor Inc's mission is centered around providing affordable housing solutions for individuals with disabilities who fall under the US Department of HUD Section 811. Specifically, the organization has a goal of creating 10 housing units tailored for low-income residents with disabilities. Their primary objective can be summarized as striving to make affordable and suitable living spaces available for this special population. By doing so, Malm Manor Inc aims to contribute positively to the lives of individuals with disabilities, ensuring they have a place to call home.
Who is the CEO of Malm Manor Inc?
Gina Mercure is the President of Malm Manor Inc.
What is the revenue of Malm Manor Inc?
Malm Manor Inc's revenue in 2023 was $205,024.
Who are the executives of Malm Manor Inc and what are their salaries?
There 9 volunteers at Malm Manor Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Malm Manor Inc?
Malm Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Malm Manor Inc
Malm Manor Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals with disabilities. Under the auspices of the US Department of HUD's Section 811, Malm Manor Inc has established 10 apartment units catering specifically to low-income residents with disabilities. The organization's mission is to create a living space that is both affordable and accessible, aiming to enhance the quality of life for these individuals. By offering these housing units, Malm Manor Inc contributes to the broader societal objective of ensuring equal opportunities and inclusive living environments for all, regardless of ability.
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Impact
October, 2024
Malm Manor Inc facilitates access to affordable housing for low and moderate-income individuals with disabilities in Providence, RI, under the US Department of HUD Section 811 program. The organization creates 10 apartment units specifically designed for residents facing these challenges, addressing a critical need for accessible living spaces. By focusing on this underserved community, Malm Manor Inc plays a vital role in improving the quality of life for disabled persons, empowering them to live independently while fostering a sense of belonging and stability. Their impact extends beyond housing; they contribute to the overall well-being and integration of individuals with disabilities into the community.
This information is meant to be a general summary of Malm Manor Inc. 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: $16
- Program Service Revenue: $203,155
- Gross Receipts: $205,024
Assets and Liabilities:
- Total Assets: $1,187,099
- Total Liabilities: $160,040
- Net Assets: $1,027,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDIES
Revenue
$172,375
TENANT RENTS
Revenue
$30,780
Organization Details
Founding Year
2004
Phone
(401) 521-3603Principal Officer
Gina Mercure
Main Address
18 PARKIS AVENUE, PROVIDENCE, RI, 02907
NTEE Category
Code: L21 - Housing
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