Overview
What is Mi Residential Community Inc?
Mi Residential Community Inc, inspired by Marguerite d'Youville's legacy of caring for the vulnerable, is a nonprofit organization located at 189 Maple Street, Lawrence, MA 01841. Their primary mission is to offer an affordable, secure, and enriching living environment for low-income seniors and individuals with disabilities. Through on-site staff, they provide essential services such as housekeeping, personal care, shopping assistance, transportation, and social opportunities, enabling elderly residents to age with dignity and maximum independence. Additionally, they host social and religious activities for all residents, fostering a sense of community. The organization's mission, rooted in compassion and service, continues the Grey Nuns' tradition of supporting the most vulnerable populations.
Official website here: www.mihcs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Mi Residential Community Inc has earned a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity’s overall score is derived entirely from their accountability and finance metrics, showcasing a robust structure that prioritizes transparency and responsible management of funds.
The organization boasts a strong independent board with 90% of its members being independent, which reflects positively on governance practices. Additionally, Mi Residential Community Inc has achieved perfect scores in various categories, such as its audit and oversight committee and conflict of interest policies, demonstrating a commitment to ethical operations. The charity's financial efficiency is also notable, with a program expense ratio of 76.16%, indicating that a significant portion of its resources is directed towards its mission.
While the data highlights the charity's strengths in governance and financial management, it does not outline any specific limitations or areas for improvement. Overall, Mi Residential Community Inc appears to be a well-managed organization that effectively uses its resources to support its community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mi Residential Community Inc legitimate?
Mi Residential Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Residential Community 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: $681,803
For more financial information, click here
Official website here: www.mihcs.org
What is the mission statement of Mi Residential Community Inc?
Mi Residential Community Inc's mission is centered around providing an affordable, safe, and enriching living environment for economically disadvantaged seniors and individuals with disabilities. The community's on-site staff coordinates essential services like housekeeping, personal care, shopping, transportation, and social activities to enable these individuals to age in place with respect and as much independence as possible. Social and religious activities are also available on-site, inviting participation from all residents.
Official website here: www.mihcs.org
Who is the CEO of Mi Residential Community Inc?
Gerard Foley is the President & Ceo (Start 8/2022) of Mi Residential Community Inc. The CEO's salary of Mi Residential Community Inc is $0 and their total compensation is $139,027.
Official website here: www.mihcs.org
What is the revenue of Mi Residential Community Inc?
Mi Residential Community Inc's revenue in 2022 was $4,962,076.
Official website here: www.mihcs.org
Who are the executives of Mi Residential Community Inc and what are their salaries?
There 9 volunteers at Mi Residential Community Inc.
Here are 11 key members and their salaries (Mi Residential Community Inc's CEO's salary is $0 and their total compensation is $139,027):
- Compensation: $0
- Related: $286,838
- Other: $31,606
- Compensation: $0
- Related: $129,388
- Other: $9,639
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mihcs.org
Where can I find the form 990 for Mi Residential Community Inc?
Mi Residential Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mihcs.org
Learn more at the official website: www.mihcs.org
Mission Statement of Mi Residential Community Inc
Mi Residential Community Inc, a nonprofit organization, is dedicated to offering a comfortable, secure, and enriching living environment for low-income elders and individuals with disabilities. Their mission is twofold: firstly, they coordinate essential supportive services such as housekeeping, personal care, shopping, transportation, and social events within the community. This comprehensive approach ensures that the elderly residents can age with dignity and maintain their maximum independence. Secondly, Mi Residential Community Inc hosts social and religious activities on-site, which are open to all, fostering a sense of community and belonging among the residents. By providing these services, the organization enables its residents to enjoy a high quality of life, making their golden years as fulfilling as possible.
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Impact
July, 2024
Mi Residential Community Inc's impact can be seen in the lives of low-income elders and persons with disabilities who are able to access affordable, safe, and enriched living environments through their programs. By providing supportive services such as housekeeping, personal care, shopping, transportation, and social opportunities, Mi Residential Community Inc enables individuals to age in place with dignity and maximum independence. In the spirit of Marguerite d'Youville and the Grey Nuns, the community of Mary Immaculate continues to serve the most vulnerable through a variety of good neighbor activities organized and facilitated by their mission department. Their dedication to serving the poor and underserved reflects a long-standing tradition of caring for those in need, making a positive impact in the city of LAWRENCE, MA. The existence of Mi Residential Community Inc contributes significantly to addressing the housing needs of disadvantaged populations and enhancing the quality of life for those they serve.
This information is meant to be a general summary of Mi Residential Community 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 2022.
- Investment Income: $20,952
- Program Service Revenue: $4,941,124
- Gross Receipts: $4,962,076
Assets and Liabilities:
- Total Assets: $17,848,604
- Total Liabilities: $7,399,675
- Net Assets: $10,448,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residential services
Revenue
$4,941,124
Organization Details
Founding Year
1977
Phone
(978) 685-6321Principal Officer
Gerard Foley
Main Address
189 Maple Street, Lawrence, MA, 01841
Website
www.mihcs.orgNTEE Category
Code: L22 - Housing
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