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Margert Community Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112534700 ✦ Far rockaway, NY ✦ Designated as a 501(c)(3)

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Overview

What is Margert Community Corporation?

Margert Community Corporation, located in Far Rockaway, New York (11691), is a dedicated nonprofit organization with a mission to serve low-income tenants, homeowners, the elderly, and individuals with disabilities. Their primary focus is on neighborhood preservation services and housing assistance, ensuring energy efficiency and fostering health and safety through the Weatherization Assistance Program. Moreover, they offer comprehensive housing counseling, playing a crucial role in promoting energy affordability and providing essential support for their community. The organization, with a team of 9 dedicated individuals, is committed to enhancing the living conditions and well-being of those they serve.


Official website here: www.margert.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 100% - Four-Star out of Four Star Rating

Margert Community Corporation has earned a notable Four-Star rating from Charity Navigator, reflecting its high standards in Accountability & Finance. The organization scored a perfect 100%, indicating strong governance and effective financial management practices. Key indicators contributing to this score include a fully independent board, robust conflict of interest and whistleblower policies, and a low liabilities-to-assets ratio, all of which demonstrate a commitment to transparency and responsible stewardship of resources.

User feedback also highlights the organization's effectiveness in disaster response, particularly following Superstorm Sandy. A reviewer praised Margert Community Corporation for its rapid mobilization and extensive support for affected households in New York City and Long Island, emphasizing the charity's role in addressing the unique needs of vulnerable communities. This positive recognition showcases the organization's dedication to service and its ability to make a significant impact during crises.

While the data reflects strong operational strengths, ongoing community engagement and adaptation to emerging needs will be critical for sustaining its effectiveness. The organization's solid financial foundation and commitment to accountability position it well for future challenges, allowing it to continue its vital work in the community.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Margert Community Corporation legitimate?

Margert Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margert Community Corporation 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: $158,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $643,332

For more financial information, click here


Official website here: www.margert.org

What is the mission statement of Margert Community Corporation?

The Margert Community Corporation is committed to providing neighborhood preservation services, housing assistance, and housing counseling to low-income tenants, homeowners, the elderly, and individuals with disabilities. Their mission encompasses energy affordability and comprehensive housing counseling, aiming to improve the living conditions of those in need. Through the Weatherization Assistance Program, they offer energy efficiency and health & safety services. The corporation's primary goal is to help these vulnerable groups maintain safe and energy-efficient homes.


Official website here: www.margert.org

Who is the CEO of Margert Community Corporation?

Rev Francis Shannon is the Chairperson of Margert Community Corporation.


Official website here: www.margert.org

What is the revenue of Margert Community Corporation?

Margert Community Corporation's revenue in 2022 was $2,086,587.


Official website here: www.margert.org

Who are the executives of Margert Community Corporation and what are their salaries?

The average compensation at Margert Community Corporation during 2022 was $89,092. There are 9 employees at Margert Community Corporation.


Here are 9 key members and their salaries:


Rev Francis Shannon (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adalberto Montero (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul H Gannon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph G Barden Non-Voting (Secretary/Executive Direct)
  • Compensation: $158,496
  • Related: $0
  • Other: $18,425
Harry Leroy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daisie Rodriguez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virgilia Schiavone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Lawes (Housing Director)
  • Compensation: $119,893
  • Related: $0
  • Other: $19,475
Wayne Murchison (Multi-Family Project Director)
  • Compensation: $109,301
  • Related: $0
  • Other: $52,385


Official website here: www.margert.org

Where can I find the form 990 for Margert Community Corporation?

Margert Community Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.margert.org

Learn more at the official website: www.margert.org

Mission Statement of Margert Community Corporation

Margert Community Corporation is dedicated to providing neighborhood preservation services, housing assistance, and comprehensive housing counseling to low-income tenants, homeowners, the elderly, and individuals with disabilities. Their mission encompasses offering energy affordability services and comprehensive housing counseling, ensuring that these vulnerable groups can maintain and improve their living conditions. Additionally, the organization offers energy efficiency and health & safety services through the Weatherization Assistance Program, helping to enhance the overall well-being of the individuals they serve.

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Impact




July, 2024

Margert Community Corporation's impact is substantial in providing neighborhood preservation services, housing assistance, and housing counseling to low-income tenants and homeowners in Far Rockaway, NY. They also offer energy efficiency and health & safety services through the Weatherization Assistance Program, ensuring that vulnerable populations, including the elderly and persons with disabilities, have access to safe and affordable housing. Through their comprehensive housing counseling programs, Margert Community Corporation is working towards enhancing energy affordability and promoting housing stability for those in need.




This information is meant to be a general summary of Margert Community Corporation. 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.

Revenue
$2,086,587 (2022)
Expenses
$1,962,297 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $54,850
  • Gross Receipts: $2,086,587

Assets and Liabilities:

  • Total Assets: $3,330,961
  • Total Liabilities: $687,482
  • Net Assets: $2,643,479

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING COMMITTEE REVE

Revenue

$54,000

OWNERS' INVESTMENT

Revenue

$850

Organization Details

Founding Year

1980

Principal Officer

Rev Francis Shannon

Main Address

325 BEACH 37TH STREET, FAR ROCKAWAY, NY, 11691

NTEE Category

Code: L81Z - Housing

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