Overview
What is Mhp Drhc Inc?
Mhp Drhc Inc, a nonprofit organization situated in Silver Spring, Maryland, is committed to providing affordable housing solutions for low-income families. With a focus on Montgomery County, they have successfully housed 105 families, contributing to the community's social fabric. Their mission revolves around making housing accessible for those in need, demonstrating their dedication to improving the living conditions of less fortunate families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mhp Drhc Inc has received a two-star rating from Charity Navigator with an overall score of 71%. This indicates that while the organization shows some accountability and financial responsibility, there are significant areas requiring improvement. The organization has a high program expense ratio of 82.52%, which suggests a strong focus on its programs rather than administrative costs.
However, the organization's board composition is a concern, with only 42% independent members, which affects its governance score. Furthermore, there are notable gaps in transparency, as the nonprofit's website is missing from its tax form, and it has not posted its tax form online, which detracts from its accountability efforts. On a positive note, Mhp Drhc Inc has robust policies in place, including a conflict of interest policy and a whistleblower policy.
In summary, Mhp Drhc Inc demonstrates a commitment to its programs and has established some strong governance policies. However, the lack of independent board members and missing financial transparency elements highlight significant areas that need attention for improved accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Mhp Drhc Inc legitimate?
Mhp Drhc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhp Drhc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,390
For more financial information, click here
What is the mission statement of Mhp Drhc Inc?
Mhp Drhc Inc is committed to providing affordable housing for low-income families. This organization's mission is to make a significant impact in this area, specifically targeting families residing in Montgomery County, Maryland. By offering affordable housing units, they aim to contribute positively to the lives of these families, ensuring they have a roof over their heads. As of now, Mhp Drhc Inc has successfully provided 105 units of such housing.
Who is the CEO of Mhp Drhc Inc?
Robert Goldman is the Vice President Of Real Est of Mhp Drhc Inc.
What is the revenue of Mhp Drhc Inc?
Mhp Drhc Inc's revenue in 2022 was $1,790,604.
Who are the executives of Mhp Drhc Inc and what are their salaries?
There 3 volunteers at Mhp Drhc Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $179,286
- Other: $46,288
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $120,253
- Other: $12,216
- Compensation: $0
- Related: $94,980
- Other: $19,220
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $291,957
- Other: $49,394
- Compensation: $0
- Related: $97,259
- Other: $992
- Compensation: $0
- Related: $79,610
- Other: $2,304
Where can I find the form 990 for Mhp Drhc Inc?
Mhp Drhc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mhp Drhc Inc
Mhp Drhc Inc, a nonprofit organization, is committed to providing affordable housing solutions for low-income families. Their primary mission is to make a significant impact in this area, ensuring that families in need have access to suitable living accommodations. By doing so, they strive to enhance the quality of life for these families and contribute to the overall well-being of the community. To achieve this, Mhp Drhc Inc has successfully provided 105 units of affordable housing, offering a vital service to those who may otherwise struggle to secure affordable housing. Their efforts demonstrate a strong dedication to supporting families and promoting housing equality.
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Impact
October, 2024
Mhp Drhc Inc significantly impacts the community by providing affordable housing to low-income families in Montgomery County, Maryland. By offering 105 units of affordable housing, the organization addresses a critical need for secure and accessible living arrangements for families who may otherwise struggle to find suitable accommodations. This initiative not only enhances the quality of life for these families but also contributes to the stability and well-being of the wider community. By focusing on affordable housing, Mhp Drhc Inc plays a vital role in reducing homelessness and improving economic opportunities for its residents, fostering a more equitable and inclusive environment in Silver Spring and beyond.
This information is meant to be a general summary of Mhp Drhc 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 2022.
- Investment Income: $586
- Program Service Revenue: $1,775,525
- Gross Receipts: $1,790,604
Assets and Liabilities:
- Total Assets: $11,573,414
- Total Liabilities: $10,925,705
- Net Assets: $647,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,770,865
TENANT CHARGES
Revenue
$4,660
Organization Details
Founding Year
1997
Phone
(301) 622-2400Principal Officer
Robert Goldman
Main Address
12200 TECH ROAD 250, SILVER SPRING, MD, 20904
NTEE Category
Code: L20 - Housing
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