Overview
What is Mi Management Inc?
Mi Management Inc is a nonprofit organization that upholds the legacy of Marguerite D'Youville, a pioneer in caring for the vulnerable. Following in her footsteps, the Grey Nuns have continued this tradition by focusing on programs that benefit the underprivileged. Located at 172 Lawrence Street, Lawrence, MA, this organization, under the umbrella of Mary Immaculate Healthcare Services (MIHCS), is dedicated to serving those in need. Their mission is to create and deliver innovative, compassionate, and competent services to address the unmet needs of community elders. In line with the Catholic Health Association's methodology, Mi Management Inc calculates the cost of supporting the community, deducting payments for services, and reporting the net cost as their community benefit, which includes expenses for programs catering to the poor and unpaid costs of the Medicaid program.
Official website here: www.mihcs.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Mi Management Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with a perfect score in these areas. The overall high score is attributed solely to the organization's adherence to rigorous financial practices and transparency, which is crucial for donor trust and confidence.
The organization boasts a majority independent board, with 90% of its members being independent, indicating a strong governance structure. Furthermore, the financial oversight is robust, highlighted by a well-functioning Audit and Oversight Committee, and no reported issues related to the diversion of assets. This level of independent oversight enhances the organization's credibility and effectiveness.
Despite the positive assessment, the summary does not indicate any specific limitations or concerns related to Mi Management Inc, reinforcing its reputation as a well-managed nonprofit. The transparency in its financial reporting and governance policies further underscores its dedication to responsible management and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Mi Management Inc legitimate?
Mi Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Management 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: $1,921,458
For more financial information, click here
Official website here: www.mihcs.org/
What is the mission statement of Mi Management Inc?
Mi Management Inc's mission is centered around developing and implementing innovative, compassionate, and competent services and programs to address the unmet needs of community elders. This mission is a continuation of the caring tradition initiated by Marguerite D'Youville, Mother of Universal Charity, and furthered by the Grey Nuns, who focus on serving the poor and underserved. In line with this tradition, Mi Management Inc organizes and facilitates various good neighbor activities, aiming to serve those most vulnerable in the community. Their approach to delivering services follows the methodology recommended by the Catholic Health Association, which reduces cost by considering payments received for services and reports the net cost as community benefit. This net cost includes the cost of programs directed towards the poor and the unpaid costs of the Medicaid program.
Official website here: www.mihcs.org/
Who is the CEO of Mi Management Inc?
Gerard Foley is the Principal Officer of Mi Management Inc. The CEO's salary of Mi Management Inc is $0 and their total compensation is $139,027.
Official website here: www.mihcs.org/
What is the revenue of Mi Management Inc?
Mi Management Inc's revenue in 2022 was $3,059,944.
Official website here: www.mihcs.org/
Who are the executives of Mi Management Inc and what are their salaries?
There 9 volunteers at Mi Management Inc.
Here are 12 key members and their salaries (Mi Management 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
- Compensation: $100,467
- Related: $0
- Other: $2,159
Official website here: www.mihcs.org/
Where can I find the form 990 for Mi Management Inc?
Mi Management 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 Management Inc
Mi Management Inc, named after Mary Immaculate, is dedicated to creating and executing innovative, compassionate, and competent services and programs to cater to the unmet needs of elderly community members. Guided by the legacy of Marguerite D'Youville, Mother of Universal Charity, and the Grey Nuns, this nonprofit organization carries on the tradition of caring for the most vulnerable. By focusing on programs that serve the underprivileged, Mi Management Inc continues to uphold the values of compassion and service to those in need. This is achieved through a variety of good neighbor activities, organized and facilitated by its mission department. The entire organization, known as Mary Immaculate Healthcare Services (MIHCS), follows a methodology recommended by the Catholic Health Association, which reduces the cost of providing services by accounting for payments received and reporting the net cost as the community benefit. This net cost includes the cost of programs aimed at the poor and unpaid costs of the Medicaid program.
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Impact
July, 2024
Mi Management Inc's impact is significant in addressing the unmet needs of community elders through innovative, compassionate, competent, and responsive services and programs. Inspired by the tradition of caring for the vulnerable initiated by Marguerite D'Youville and continued by the Grey Nuns, Mi Management Inc, under the umbrella of Mary Immaculate Healthcare Services, serves the poor and underserved with a variety of good neighbor activities. They follow a methodology recommended by the Catholic Health Association to calculate their community benefit, which includes the net cost of programs for the poor and unpaid costs of the Medicaid program. Located in Lawrence, MA, their mission is to provide essential human services to improve the lives of the elderly in the community.
This information is meant to be a general summary of Mi Management 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: $16,842
- Program Service Revenue: $2,901,550
- Gross Receipts: $3,423,602
Assets and Liabilities:
- Total Assets: $7,356,255
- Total Liabilities: $495,742
- Net Assets: $6,860,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient services
Revenue
$2,616,535
Management fees
Revenue
$285,015
Organization Details
Founding Year
1984
Phone
(978) 685-6321Principal Officer
Gerard Foley
Main Address
172 Lawrence Street, Lawrence, MA, 01841
Website
www.mihcs.org/NTEE Category
Code: P81 - Human services
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