Overview
What is Mumford Housing Corporation C/O Florence Archambault?
Mumford Housing Corporation, under the leadership of Florence Archambault, is a nonprofit organization situated at 129A Lake Erie Street, Middletown, Rhode Island (02842). Their primary mission involves the ownership, redevelopment, and sponsorship of housing for individuals with low and moderate incomes. This includes providing suitable accommodations for the elderly and other low-income individuals. The organization's work aims to contribute positively to the community by offering affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Mumford Housing Corporation has received a One-Star out of Four Star rating from Charity Navigator, reflecting a score of 58%. This rating primarily focuses on Accountability & Finance, where the organization excels in several aspects, including having a fully independent board and a high program expense ratio of 98.61%, indicating effective utilization of funds toward its programs.
However, the organization has a critical limitation highlighted by an extremely high liabilities to assets ratio of 1871.80%, which significantly impacts its overall score. While it demonstrates responsible governance through documented board meeting minutes and an independent board structure, the financial sustainability concerns raised by the liabilities ratio warrant attention from stakeholders.
In sum, while Mumford Housing Corporation shows strengths in governance and program funding, the financial health concerns highlighted in its Charity Navigator rating suggest potential risks that could affect its long-term operations and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mumford Housing Corporation C/O Florence Archambault legitimate?
Mumford Housing Corporation C/O Florence Archambault is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mumford Housing Corporation C/O Florence Archambault 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
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What is the mission statement of Mumford Housing Corporation C/O Florence Archambault?
Mumford Housing Corporation is dedicated to the ownership, redevelopment, and sponsorship of housing facilities. Their mission extends to catering to the needs of individuals with low and moderate income levels, specifically the elderly and other eligible groups. By managing these housing units, they aim to contribute positively to their communities, providing them with safe and affordable living spaces. The corporation's activities may involve renovating existing properties or constructing new ones, always keeping the best interests of its residents in mind.
Who is the CEO of Mumford Housing Corporation C/O Florence Archambault?
Jane Luderer is the President of Mumford Housing Corporation C/O Florence Archambault.
What is the revenue of Mumford Housing Corporation C/O Florence Archambault?
Mumford Housing Corporation C/O Florence Archambault's revenue in 2022 was $1,592.
Who are the executives of Mumford Housing Corporation C/O Florence Archambault and what are their salaries?
There 6 volunteers at Mumford Housing Corporation C/O Florence Archambault.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Mumford Housing Corporation C/O Florence Archambault?
Mumford Housing Corporation C/O Florence Archambault's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mumford Housing Corporation C/O Florence Archambault
Mumford Housing Corporation C/O Florence Archambault is dedicated to the ownership, redevelopment, and sponsorship of housing for individuals with low and moderate incomes, specifically focusing on the elderly and other low-income populations. This nonprofit organization's mission is to provide suitable living spaces that cater to the needs of these groups, aiming to promote a sense of community and stability. By taking on the responsibility of owning, redeveloping, and sponsoring these properties, Mumford Housing Corporation C/O Florence Archambault plays a significant role in ensuring that these vulnerable populations have access to safe, affordable housing. The organization's commitment to this cause contributes to the overall well-being and quality of life for low and moderate-income individuals, enabling them to focus on other aspects of their lives with peace of mind.
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Impact
August, 2024
Mumford Housing Corporation, under the guidance of Florence Archambault, plays a vital role in providing affordable housing for low-income elderly and individuals in Middletown, RI. Through ownership, redevelopment, and sponsorship of housing facilities, this organization directly addresses the pressing need for accessible housing options in the community. Their impact extends beyond providing shelter, as stable and affordable housing is foundational to overall well-being, health, and financial security for vulnerable populations. By focusing on low and moderate-income persons, Mumford Housing Corporation contributes to creating a more inclusive and supportive community for those in need.
This information is meant to be a general summary of Mumford Housing Corporation C/O Florence Archambault. 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: $1,592
- Gross Receipts: $1,592
Assets and Liabilities:
- Total Assets: $9,174
- Total Liabilities: $53,453
- Net Assets: -$44,279
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Organization Details
Founding Year
1982
Phone
(401) 846-9024Principal Officer
Jane Luderer
Main Address
129A LAKE ERIE ST, MIDDLETOWN, RI, 02842
NTEE Category
Code: L22 - Housing
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