Overview
What is Mansfield Retirement Community Inc?
Mansfield Retirement Community Inc is a nonprofit organization dedicated to serving the needs of low-income elderly and handicapped individuals. Situated with 100 housing units, the community caters to the unique living requirements of its eligible residents. Their core mission is to enhance the welfare of these families, striving to operate and manage facilities that are tailored to their specific needs. By doing so, Mansfield Retirement Community Inc contributes to the well-being of its community, providing a supportive environment for its elderly and handicapped inhabitants.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Mansfield Retirement Community Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. The organization scored 94% based entirely on its Accountability & Finance metrics, demonstrating strong governance practices and responsible financial stewardship.
The charity's strengths are notable, particularly its commitment to an independent board, with 100% of its members being independent. Additionally, the organization has established robust policies, including conflict of interest and whistleblower policies, alongside effective oversight mechanisms, ensuring transparency and ethical operations. Its financial health is further evidenced by a low liabilities to assets ratio of 41.15% and an impressive program expense ratio of 88.36%, indicating that a significant portion of funds directly supports its programs.
While the data indicates a well-managed organization, potential donors and supporters may want to keep an eye on future evaluations to ensure consistent performance. Overall, Mansfield Retirement Community Inc exemplifies a nonprofit that prioritizes accountability, integrity, and efficient program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Mansfield Retirement Community Inc legitimate?
Mansfield Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mansfield Retirement 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: $346,135
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What is the mission statement of Mansfield Retirement Community Inc?
The Mansfield Retirement Community Inc., as part of its mission, operates and manages 100 units of housing specifically designed for the unique needs and living requirements of eligible elderly or handicapped individuals. Their primary goal is to enhance the well-being of these families, committing themselves to this cause.
Who is the CEO of Mansfield Retirement Community Inc?
Richard Dibala is the President of Mansfield Retirement Community Inc.
What is the revenue of Mansfield Retirement Community Inc?
Mansfield Retirement Community Inc's revenue in 2023 was $2,398,477.
Who are the executives of Mansfield Retirement Community Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Mansfield Retirement Community Inc?
Mansfield Retirement Community Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mansfield Retirement Community Inc
Mansfield Retirement Community, a nonprofit organization, is committed to operating and managing housing accommodations that cater to the unique needs and living requirements of eligible elderly and handicapped families. Its mission is centered around promoting the welfare of these families, ensuring they live in an environment that suits their specific needs and circumstances. By doing so, Mansfield Retirement Community aims to contribute positively to the well-being of this vulnerable group, offering them a sanctuary where they can lead fulfilling lives.
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Impact
July, 2024
Mansfield Retirement Community Inc provides essential housing services tailored to the special needs of low-income elderly individuals in North Haven, CT. By managing 100 units of housing specifically designed for this demographic, the organization directly impacts the lives of its elderly and/or handicapped occupants by offering a safe and supportive living environment. Through its mission to promote the welfare of these families, Mansfield Retirement Community Inc plays a crucial role in supporting the well-being and quality of life of vulnerable members of the community.
This information is meant to be a general summary of Mansfield Retirement 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 2023.
- Investment Income: $46,772
- Program Service Revenue: $763,256
- Gross Receipts: $2,472,519
Assets and Liabilities:
- Total Assets: $6,232,567
- Total Liabilities: $2,565,009
- Net Assets: $3,667,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$646,139
MEALS INCOME
Revenue
$117,117
Organization Details
Founding Year
1976
Phone
(860) 429-9933Principal Officer
Richard Dibala
Main Address
127 WASHINGTON AVENUE 5TH FL EAST, NORTH HAVEN, CT, 06473
NTEE Category
Code: L22Z - Housing
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