Overview
What is Mental Health Programs Inc Iv?
Mental Health Programs Inc Iv is a nonprofit organization situated in Newton, Massachusetts, specifically at 29 Crafts Street Suite 260. Their primary mission revolves around providing subsidized housing for individuals with mental disabilities, supported by funding from the U.S. Department of Housing and Urban Development (HUD). This essential service aims to create a secure living environment for those who require additional support due to their mental health conditions.
Official website here: www.mainstayliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mental Health Programs Inc Iv has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 74%. The organization shows strong accountability with independent board members and effective financial oversight processes in place. Notably, all board members are independent, and there is no material diversion of assets, which indicates a commitment to good governance practices.
However, the organization has significant areas for improvement, particularly in its financial health. The liabilities to assets ratio stands at 108.31%, raising concerns about financial stability. Additionally, while the program expense ratio is relatively strong at 64.04%, the absence of the tax form on the nonprofit's website is a notable transparency issue. This lack of accessibility to important financial documents may hinder potential donors' trust and engagement.
In summary, while Mental Health Programs Inc Iv demonstrates commendable governance practices, the financial challenges and transparency issues identified limit its overall effectiveness and community trust. Continued efforts to improve financial management and public accountability would greatly benefit the organization’s reputation and operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Mental Health Programs Inc Iv legitimate?
Mental Health Programs Inc Iv is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mental Health Programs Inc Iv 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: $419,063
For more financial information, click here
Official website here: www.mainstayliving.org
What is the mission statement of Mental Health Programs Inc Iv?
Mental Health Programs Inc Iv's mission is centered around providing subsidized housing for individuals with mental disabilities, supported by the U.S. Department of Housing and Urban Development (HUD). This organization's primary goal is to ensure that mentally disabled individuals have access to suitable living arrangements. By obtaining HUD subsidies, Mental Health Programs Inc Iv is able to offer affordable housing options, thereby contributing to the well-being and independence of its residents. The organization's activities are primarily focused on the provision of government-subsidized housing, serving as a vital resource for mentally disabled individuals in need.
Official website here: www.mainstayliving.org
Who is the CEO of Mental Health Programs Inc Iv?
Lawrence Oaks is the Director of Mental Health Programs Inc Iv.
Official website here: www.mainstayliving.org
What is the revenue of Mental Health Programs Inc Iv?
Mental Health Programs Inc Iv's revenue in 2023 was $1,238,845.
Official website here: www.mainstayliving.org
Who are the executives of Mental Health Programs Inc Iv and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $225,095
- Other: $22,894
Official website here: www.mainstayliving.org
Where can I find the form 990 for Mental Health Programs Inc Iv?
Mental Health Programs Inc Iv's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mainstayliving.org
Learn more at the official website: www.mainstayliving.org
Mission Statement of Mental Health Programs Inc Iv
Mental Health Programs Inc Iv, as a nonprofit organization, is dedicated to providing government-subsidized housing for individuals living with mental disabilities. Their mission is centered around offering a supportive living environment that caters to the unique needs of these individuals. Through the provision of subsidized housing, the organization aims to ensure that mentally disabled persons have access to safe and stable accommodations, thereby promoting their overall well-being and independence. By offering this essential service, Mental Health Programs Inc Iv contributes significantly to the betterment of the lives of mentally disabled individuals, empowering them to lead fulfilling and dignified lives.
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Impact
July, 2024
Mental Health Programs Inc Iv's impact lies in providing government-subsidized housing for mentally disabled persons in Newton, MA. By offering this crucial service, they contribute to the well-being and stability of individuals who may otherwise struggle to find suitable housing options. This support plays a significant role in enhancing the quality of life for those with mental disabilities, ensuring they have a safe and supportive environment to call home.
This information is meant to be a general summary of Mental Health Programs Inc Iv. 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: $2,604
- Program Service Revenue: $1,236,241
- Gross Receipts: $1,238,845
Assets and Liabilities:
- Total Assets: $3,728,558
- Total Liabilities: $4,038,575
- Net Assets: -$310,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTALS
Revenue
$1,236,241
Organization Details
Founding Year
1986
Phone
(617) 789-4500Principal Officer
Lawrence Oaks
Main Address
29 CRAFTS STREET SUITE 260, NEWTON, MA, 02458
Website
www.mainstayliving.orgNTEE Category
Code: P820 - Human services
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