Overview
What is Mbd Community Housing Coporation?
Mbd Community Housing Corporation is a nonprofit organization situated in the Bronx, New York, specifically at 1789 Southern Blvd, 10460. Their primary mission is to enhance community living by offering affordable housing to individuals with low and moderate incomes. They achieve this goal by upgrading deteriorated neighborhoods and providing quality housing services. The organization also engages in economic development, utilizing resources effectively and creatively through qualified personnel, to deliver comprehensive human services. Their team, comprising 14 members, works diligently to improve the overall quality of life in their community by offering housing development, property management, and various other human services.
Official website here: www.mbdhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Mbd Community Housing Corporation has received a low score from Charity Navigator, reflecting significant concerns in areas of accountability and financial management. While the organization has a fully independent board and demonstrates strong governance practices, such as a conflict of interest policy and a whistleblower policy, it struggles with its financial ratios. Particularly, the program expense ratio is notably low, indicating that a very small percentage of its budget is directed towards its programs.
The organization does score well in governance, with full marks for board independence and proper oversight mechanisms. However, the absence of their tax form on the website raises transparency issues. Additionally, the liabilities to assets ratio suggests potential financial vulnerabilities that could impact its sustainability and ability to fulfill its mission effectively.
In summary, while Mbd Community Housing Corporation shows strong governance and compliance in certain areas, its financial performance and transparency raise concerns. Prospective donors and supporters might want to consider these factors when evaluating the organization's impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Mbd Community Housing Coporation legitimate?
Mbd Community Housing Coporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mbd Community Housing Coporation 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: $448,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,022
For more financial information, click here
Official website here: www.mbdhousing.org
What is the mission statement of Mbd Community Housing Coporation?
The Mbd Community Housing Corporation's mission is centered around enhancing community living standards. They strive to achieve this by delivering exceptional services, primarily focusing on housing development, property management, and economic development. Utilizing creative resource management by qualified personnel is a key strategy in their approach. The corporation aims to improve the quality of life within their community, with a specific emphasis on providing low and moderate-income housing by revitalizing deteriorated neighborhoods. Their objective is to develop and manage properties in a way that positively impacts the community's well-being.
Official website here: www.mbdhousing.org
Who is the CEO of Mbd Community Housing Coporation?
Derrick Lovett is the Treasurer of Mbd Community Housing Coporation. The CEO's salary of Mbd Community Housing Coporation is $295,232 and their total compensation is $604,716.
Official website here: www.mbdhousing.org
What is the revenue of Mbd Community Housing Coporation?
Mbd Community Housing Coporation's revenue in 2022 was $3,845,818.
Official website here: www.mbdhousing.org
Who are the executives of Mbd Community Housing Coporation and what are their salaries?
The average compensation at Mbd Community Housing Coporation during 2022 was $62,556. There are 14 employees at Mbd Community Housing Coporation.
Here are 8 key members and their salaries (Mbd Community Housing Coporation's CEO's salary is $295,232 and their total compensation is $604,716):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $295,232
- Related: $0
- Other: $309,484
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $181,597
- Related: $0
- Other: $193,344
Official website here: www.mbdhousing.org
Where can I find the form 990 for Mbd Community Housing Coporation?
Mbd Community Housing Coporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbdhousing.org
Learn more at the official website: www.mbdhousing.org
Mission Statement of Mbd Community Housing Coporation
Mbd Community Housing Corporation, a nonprofit organization, is dedicated to enhancing community life by offering exceptional services. Its primary mission is to improve the quality of life for its community through strategic development, property management, economic development, and the delivery of human services. This is achieved by creatively utilizing resources and leveraging the skills of qualified personnel.
One of Mbd Community Housing Corporation's key initiatives is its Affordable Housing Program. This program seeks to address the issue of low and moderate-income housing by revitalizing deteriorated neighborhoods. By upgrading these areas, Mbd Community Housing Corporation provides affordable housing options, thereby contributing to the overall well-being and livability of the community. This commitment to affordable housing and community development demonstrates Mbd Community Housing Corporation's dedication to improving the lives of its community members.
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Impact
August, 2024
Mbd Community Housing Corporation's impact can be seen through its efforts to improve the quality of life in the Bronx, NY, by providing exemplary services to its community. Through their affordable housing program, they strive to provide low and moderate-income housing by upgrading deteriorated neighborhoods. This not only addresses the housing needs of the community but also contributes to the overall revitalization and development of the area. By creatively utilizing resources and qualified personnel, Mbd Community Housing Corporation plays a crucial role in creating a more sustainable and inclusive community for the residents of the Bronx.
This information is meant to be a general summary of Mbd Community Housing Coporation. 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: $3,084
- Program Service Revenue: $3,792,853
- Gross Receipts: $3,845,818
Assets and Liabilities:
- Total Assets: $24,519,771
- Total Liabilities: $1,430,062
- Net Assets: $23,089,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$1,939,741
SELLER NOTES
Revenue
$1,203,910
SOCIAL SERVICE INCOME
Revenue
$488,752
RENTAL INCOME
Revenue
$149,448
INSURANCE CLAIM
Revenue
$9,496
Organization Details
Founding Year
1975
Phone
(718) 842-0256Principal Officer
Derrick Lovett
Main Address
1789 SOUTHERN BLVD, BRONX, NY, 10460
Website
www.mbdhousing.orgNTEE Category
Code: L80 - Housing
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