Overview
What is Martin House Inc?
Martin House Inc, situated at 401 West Thames St, 700, Norwich, CT, is a nonprofit organization that provides a supportive community for individuals of limited means who have endured isolation, estrangement, anxiety, and homelessness. The organization focuses on helping those recovering from mental illness and addictions, offering them a nurturing environment where they can establish healthy relationships, regain their dignity, and rebuild their lives. During the COVID-19 pandemic, the housing situation in New London County has undergone changes, making it challenging to expand capacity and transition current residents to affordable housing. As a result, residents have had to remain at Martin House for longer periods due to it being an affordable option. In response to this challenge, Martin House has been actively exploring ways to increase capacity by transitioning residents to other affordable housing options, through collaborations with state stakeholders, participating in affordable housing committees, and working with their Board of Directors. Currently, the organization employs a team of 38 individuals.
Official website here: www.martinhousect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Martin House Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in various key areas, including maintaining a fully independent board and a strong program expense ratio of 84.46%, which means a significant majority of its funds are directed toward its programs. Furthermore, the charity's commitment to transparency is highlighted by its perfect scores in financial audits and governance policies.
User feedback reflects positively on Martin House Inc, with the organization receiving a full score for constituent feedback collection and usage. This demonstrates that the charity actively engages with those it serves and utilizes their insights to enhance its programs and services. Additionally, their proactive approach to addressing challenges and implementing equity strategies underlines their commitment to inclusivity and responsiveness.
While the organization shows robust performance across various metrics, there are some areas for improvement, particularly in its equity policies and processes. Although they scored well overall in equity strategies, there is room for growth in developing more comprehensive policies to further support this aspect. Overall, Martin House Inc appears to be a well-managed nonprofit with a strong focus on community needs and effective operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Martin House Inc legitimate?
Martin House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin 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: $93,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $778,616
For more financial information, click here
Official website here: www.martinhousect.org
What is the mission statement of Martin House Inc?
The mission of Martin House Inc is focused on offering a supportive community to individuals of limited income who have struggled with mental illness and addictions. This organization aims to help them cultivate healthy relationships, regain dignity, and rebuild their lives. By providing a nurturing environment, Martin House Inc offers a sanctuary for those who have felt alone, alienated, fearful, and dispossessed.
Official website here: www.martinhousect.org
Who is the CEO of Martin House Inc?
Eric Mcdermott is the President of Martin House Inc.
Official website here: www.martinhousect.org
What is the revenue of Martin House Inc?
Martin House Inc's revenue in 2023 was $1,355,939.
Official website here: www.martinhousect.org
Who are the executives of Martin House Inc and what are their salaries?
The average compensation at Martin House Inc during 2023 was $22,962. There are 38 employees and 14 volunteers at Martin House Inc.
Here are 13 key members and their salaries:
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Official website here: www.martinhousect.org
Where can I find the form 990 for Martin House Inc?
Martin House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.martinhousect.org
Learn more at the official website: www.martinhousect.org
Mission Statement of Martin House Inc
Martin House Inc, a non-profit organization, is dedicated to creating a supportive community for individuals of limited income who have been affected by mental illness and addiction. This community aims to provide a nurturing environment where these individuals can cultivate healthy relationships, regain their dignity, and rebuild their lives. The Martin House community is unique and welcoming, offering a space for those who have previously felt alone, alienated, fearful, and dispossessed to find a sense of belonging and renewed hope. By providing a safe and supportive environment, Martin House Inc is making a significant impact in the lives of those who seek its help. During the COVID-19 pandemic, the organization has faced challenges in creating capacity and transitioning residents to affordable housing. However, Martin House Inc remains committed to finding solutions and expanding its reach, working with various stakeholders, including the state of Connecticut, affordable housing committees, and its Board of Directors, to ensure that it can continue to provide a vital service to those in need.
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Impact
June, 2024
Martin House Inc's impact can be seen through the nurturing community it provides for individuals of limited income who are recovering from mental illness and addictions. By offering a supportive environment where residents can develop healthy relationships, regain dignity, and start anew, Martin House Inc is positively impacting the lives of those who have been alienated and dispossessed. Despite challenges posed by the changing housing situation in New London County due to the COVID pandemic, Martin House Inc continues to explore various avenues to create capacity and transition residents to affordable housing options. Through its dedication to its mission, collaborative efforts with stakeholders, and ongoing work on affordable housing initiatives, Martin House Inc remains committed to making a difference in the lives of those in need within the Norwich, CT community.
This information is meant to be a general summary of Martin 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: $21,010
- Program Service Revenue: $385,064
- Gross Receipts: $1,489,726
Assets and Liabilities:
- Total Assets: $1,066,856
- Total Liabilities: $63,803
- Net Assets: $1,003,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$385,064
Organization Details
Founding Year
1982
Phone
(860) 889-6150Principal Officer
Eric Mcdermott
Main Address
401 West Thames St 700, Norwich, CT, 06360
Website
www.martinhousect.orgNTEE Category
Code: F34Z - Mental health
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