Overview
What is Mi Casa Housing Development Fund Co?
Mi Casa Housing Development Fund Co is a nonprofit organization situated in New York City, specifically at 42 West 39th Street, 14th Floor. Their primary mission is to offer housing and social services to individuals with special needs. Their activities and mission are all centered around providing essential assistance to this particular group of people. The organization's services are designed to cater to the unique needs of these individuals, aiming to improve their overall quality of life.
Official website here: www.lanterngroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Mi Casa Housing Development Fund Co has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. While the organization has a perfect score for its independent board members and policies, its overall financial accountability leaves much to be desired, particularly highlighted by a high liabilities to assets ratio of 162.84%, which raises questions about its fiscal health.
The organization does demonstrate strengths in governance, with an independent board and thorough documentation of board meeting minutes. Additionally, policies such as conflict of interest and whistleblower protections are in place, indicating some level of commitment to ethical practices. However, the lack of a posted tax form on their website and an extremely low program expense ratio of 22.07% suggest that a significant portion of funds may not be directed towards its core mission.
Overall, while Mi Casa Housing Development Fund Co shows a commitment to governance and accountability through its independent board, the financial metrics present serious concerns that potential donors and stakeholders should consider carefully. Improvements in financial management and transparency are essential for enhancing its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mi Casa Housing Development Fund Co legitimate?
Mi Casa Housing Development Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Casa Housing Development Fund Co 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: $5,000
For more financial information, click here
Official website here: www.lanterngroup.org
What is the mission statement of Mi Casa Housing Development Fund Co?
Mi Casa Housing Development Fund Co's mission is centered around serving individuals with special needs. Their primary objective is to provide housing and social services to these individuals, aiming to enhance their quality of life. The organization's activities are geared towards meeting the unique needs of these individuals, ensuring they have access to necessary support services. By providing housing and social services, Mi Casa Housing Development Fund Co strives to create an environment that fosters their overall well-being and independence. Their mission is a testament to their commitment to supporting individuals with special needs, helping them lead fulfilling lives.
Official website here: www.lanterngroup.org
Who is the CEO of Mi Casa Housing Development Fund Co?
Daniel Kent is the Member of Mi Casa Housing Development Fund Co.
Official website here: www.lanterngroup.org
What is the revenue of Mi Casa Housing Development Fund Co?
Mi Casa Housing Development Fund Co's revenue in 2022 was $209,827.
Official website here: www.lanterngroup.org
Who are the executives of Mi Casa Housing Development Fund Co and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lanterngroup.org
Where can I find the form 990 for Mi Casa Housing Development Fund Co?
Mi Casa Housing Development Fund Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lanterngroup.org
Learn more at the official website: www.lanterngroup.org
Mission Statement of Mi Casa Housing Development Fund Co
Mi Casa Housing Development Fund Co is dedicated to providing housing and social services for individuals with special needs. Their mission is to ensure that these individuals have access to suitable living spaces and necessary support services, aimed at enhancing their quality of life and promoting independence. By offering housing solutions and social assistance, Mi Casa Housing Development Fund Co strives to create an inclusive and supportive environment for those with unique needs, enabling them to lead fulfilling lives.
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Impact
October, 2024
Mi Casa Housing Development Fund Co significantly impacts the community by providing essential housing and social services for individuals with special needs in New York. By addressing the unique challenges faced by this population, Mi Casa ensures access to safe and adequate housing, fostering stability and independence. Additionally, the organization's comprehensive social services enhance the quality of life for its residents, promoting inclusion and support. This holistic approach not only improves individual outcomes but also contributes to a more equitable and supportive community overall.
This information is meant to be a general summary of Mi Casa Housing Development Fund Co. 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.
- Gross Receipts: $209,827
Assets and Liabilities:
- Total Assets: $2,003,461
- Total Liabilities: $3,251,411
- Net Assets: -$1,247,950
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Organization Details
Phone
(212) 292-8400Principal Officer
Daniel Kent
Main Address
42 WEST 39TH ST 14TH FLOOR, NEW YORK, NY, 10018
Website
www.lanterngroup.orgNTEE Category
Code: L80 - Housing
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