Overview
What is Marien-Heim Of Brooklyn?
Marien-Heim of Brooklyn is a nonprofit organization, situated in Brooklyn, New York, with a focus on supporting charitable purposes, primarily dedicated to providing housing and programs for senior citizens. The organization's primary objective is to offer a home for elderly and indigent individuals, ensuring their basic needs are met, including food, care, employment, shelter, clothing, medications, and treatment suitable for their health conditions. Additionally, Marien-Heim of Brooklyn provides spiritual consolation in their later years. The organization's mission reflects a commitment to enhancing the quality of life for senior citizens in Brooklyn.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Marien-Heim Of Brooklyn has received a low rating of 54%, reflecting concerns regarding its financial health and transparency. While the organization has a fully independent board and adheres to key governance policies, such as maintaining a conflict of interest and whistleblower policy, its financial ratios raise significant red flags.
The organization reports a concerning liability to assets ratio of 79.23% and a program expense ratio of 0.00%, indicating that a very high proportion of its assets are committed to liabilities, and it is not allocating any resources towards its programs. These financial issues likely contribute to its overall low score and highlight the need for improvement in financial management and programmatic focus.
This AI summary has been generated from information found on Charity Navigator.
Is Marien-Heim Of Brooklyn legitimate?
Marien-Heim Of Brooklyn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marien-Heim Of Brooklyn 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Marien-Heim Of Brooklyn?
The mission of Marien-Heim of Brooklyn is centered around providing a home and necessary care for aging and indigent individuals. This includes essentials such as food, medical treatment, and medications tailored to their health issues, as well as employment opportunities, shelter, clothing, and Christian consolation in their later years. The organization's primary objective is to improve the living conditions of these individuals, offering them support and comfort during their declining years.
What is the revenue of Marien-Heim Of Brooklyn?
Marien-Heim Of Brooklyn's revenue in 2023 was $51,766.
Who are the executives of Marien-Heim Of Brooklyn and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Marien-Heim Of Brooklyn?
Marien-Heim Of Brooklyn's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marien-Heim Of Brooklyn
Marien-Heim of Brooklyn, a nonprofit organization, is dedicated to providing a supportive environment for aged and indigent individuals. Its primary objective is to ensure these individuals have access to essential necessities such as food, care, employment, shelter, clothing, medications, and appropriate treatment for their health issues. Beyond these physical needs, Marien-Heim of Brooklyn also offers spiritual consolation to its residents in their latter years. The organization's mission is to create a charitable environment that caters to senior citizens, offering them a home where they can live with dignity and comfort during their declining years.
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Impact
August, 2024
Marien-Heim Of Brooklyn's impact can be seen in its dedicated efforts to provide a home for aged and indigent persons, offering them necessary food, care, employment, shelter, clothing, medicines, and treatment suitable for their ailments and afflictions. Additionally, the organization aims to provide Christian consolation in their declining years. By focusing on these essential needs, Marien-Heim Of Brooklyn positively impacts the lives of senior citizens in the community by ensuring they receive the support and care they require during their later stages of life.
This information is meant to be a general summary of Marien-Heim Of Brooklyn. 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: $23,318
- Program Service Revenue: $28,448
- Gross Receipts: $51,766
Assets and Liabilities:
- Total Assets: $7,220,409
- Total Liabilities: $5,727,164
- Net Assets: $1,493,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLOSING NOTE INTEREST
Revenue
$28,448
Organization Details
Founding Year
1989
Principal Officer
Robert J Walsh
NTEE Category
Code: P00 - Human services
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