Overview
What is The Margaret C Love House Inc?
The Margaret C Love House Inc, situated in Vineyard Haven, Massachusetts, is a dedicated nonprofit organization. Its primary objective is to offer affordable housing solutions for the elderly and disabled individuals within the community. By providing suitable living arrangements, the organization aims to ensure that these vulnerable groups can maintain a dignified and secure lifestyle. The organization's mission, in essence, revolves around the provision of affordable housing, thereby contributing positively to the lives of its target demographic.
Official website here: www.iehmv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Margaret C Love House Inc has achieved an impressive rating of 97%, indicating a strong performance in terms of accountability and finance. This high score reflects the charity's commitment to transparency and responsible management of funds, primarily highlighted by its perfect scores in several categories, including independent board membership and the absence of material diversion of assets.
The organization benefits from a fully independent board of directors, which enhances its governance structure and decision-making processes. Moreover, it has a solid program expense ratio of 79.01%, suggesting that a significant portion of its resources is allocated directly to its programs and services, ensuring effective use of donor contributions.
While the data does not indicate any specific limitations, the charity's exceptional standing with complete compliance to governance and financial practices is noteworthy. Overall, The Margaret C Love House Inc demonstrates a high level of effectiveness and integrity, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Margaret C Love House Inc legitimate?
The Margaret C Love House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Margaret C Love House 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: $33,855
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Official website here: www.iehmv.org
What is the mission statement of The Margaret C Love House Inc?
The Margaret C Love House Inc's mission is centered around providing affordable housing opportunities for individuals who are elderly and disabled. This non-profit organization strives to ensure that these vulnerable groups have access to suitable living spaces, thereby enhancing their quality of life. Through its efforts, the organization aims to alleviate housing-related challenges faced by the elderly and disabled population, thereby promoting their overall well-being and dignity.
Official website here: www.iehmv.org
Who is the CEO of The Margaret C Love House Inc?
Dorothy Young is the Principal Officer of The Margaret C Love House Inc.
Official website here: www.iehmv.org
What is the revenue of The Margaret C Love House Inc?
The Margaret C Love House Inc's revenue in 2023 was $169,724.
Official website here: www.iehmv.org
Who are the executives of The Margaret C Love House Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.iehmv.org
Where can I find the form 990 for The Margaret C Love House Inc?
The Margaret C Love House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iehmv.org
Learn more at the official website: www.iehmv.org
Mission Statement of The Margaret C Love House Inc
The Margaret C Love House Inc is committed to providing an essential service by offering affordable housing for the elderly and disabled individuals. This nonprofit organization's mission is centered around meeting the housing needs of these vulnerable groups, ensuring they have a secure and affordable living space. By providing affordable housing, the Margaret C Love House Inc aims to contribute to the overall well-being and independence of its residents, enabling them to maintain a dignified and comfortable living standard.
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Impact
October, 2024
The Margaret C Love House Inc plays a crucial role in addressing the needs of vulnerable populations in Vineyard Haven, MA, by providing affordable housing specifically designed for the elderly and disabled. Its mission ensures that these individuals have a safe and supportive living environment, which is essential for their well-being and independence. By offering accessible housing options, the organization helps alleviate the financial burden on seniors and disabled individuals who may struggle to afford market-rate housing. This not only enhances their quality of life but also fosters a sense of community and belonging among residents. The Margaret C Love House Inc significantly contributes to the overall health and stability of the community, helping to ensure that some of its most vulnerable members are not left without proper shelter and support.
This information is meant to be a general summary of The Margaret C Love House 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: $2
- Program Service Revenue: $169,722
- Gross Receipts: $169,724
Assets and Liabilities:
- Total Assets: $579,174
- Total Liabilities: $221,698
- Net Assets: $357,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING FOR SENIORS
Revenue
$169,722
Organization Details
Founding Year
1999
Phone
(508) 693-5880Principal Officer
Dorothy Young
Main Address
60B VILLAGE ROAD, VINEYARD HAVEN, MA, 02568
Website
www.iehmv.orgNTEE Category
Code: L21 - Housing
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