Overview
What is Mohawk Valley Community College Dormitory Corporation?
Mohawk Valley Community College Dormitory Corporation is a nonprofit organization situated in Utica, New York, specifically at 1101 Sherman Drive. Its primary mission is to offer housing facilities to students enrolled at Mohawk Valley Community College. The corporation employs a team of 16 individuals, dedicated to ensuring comfortable living arrangements for the college's student population. By providing accommodation, the corporation contributes to the overall success and well-being of the students, enabling them to focus on their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
The Mohawk Valley Community College Dormitory Corporation has been awarded a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization’s overall score, derived entirely from a single beacon score, highlights its outstanding performance in financial stewardship.
One of the key strengths of this nonprofit is its governance structure, with a fully independent board comprising nine members. The organization has demonstrated a high level of transparency and ethical governance through its established conflict of interest and whistleblower policies. Additionally, it maintains a robust audit and oversight committee, ensuring thorough oversight of its financial practices.
While the organization excels in many areas, it has a liabilities to assets ratio of 54.44%, which may indicate a need for careful financial management moving forward. Nonetheless, the program expense ratio of 77.95% shows a strong focus on directing resources towards its core mission, ensuring that a significant portion of its funding goes directly to programs that benefit its community.
This AI summary has been generated from information found on Charity Navigator.
Is Mohawk Valley Community College Dormitory Corporation legitimate?
Mohawk Valley Community College Dormitory Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mohawk Valley Community College Dormitory 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $382,561
For more financial information, click here
What is the mission statement of Mohawk Valley Community College Dormitory Corporation?
The Mohawk Valley Community College Dormitory Corporation's primary mission is centered around providing suitable housing facilities for the students enrolled in Mohawk Valley Community College. This organization is committed to meeting the accommodation needs of its student population, ensuring a comfortable living environment that supports their academic pursuits. The dormitory corporation's activities primarily revolve around managing and maintaining these housing facilities, ensuring they cater to the needs of the college students effectively.
Who is the CEO of Mohawk Valley Community College Dormitory Corporation?
Mary Beth Murphy is the Chairperson of Mohawk Valley Community College Dormitory Corporation.
What is the revenue of Mohawk Valley Community College Dormitory Corporation?
Mohawk Valley Community College Dormitory Corporation's revenue in 2022 was $1,921,749.
Who are the executives of Mohawk Valley Community College Dormitory Corporation and what are their salaries?
The average compensation at Mohawk Valley Community College Dormitory Corporation during 2022 was $23,910. There are 16 employees at Mohawk Valley Community College Dormitory Corporation.
Here are 17 key members and their salaries:
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- Related: $92,838
- Other: $18,155
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- Related: $158,768
- Other: $26,475
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- Related: $267,166
- Other: $48,559
- Compensation: $0
- Related: $145,819
- Other: $40,989
- Compensation: $0
- Related: $58,535
- Other: $6,418
- Compensation: $0
- Related: $8,653
- Other: $1,889
Where can I find the form 990 for Mohawk Valley Community College Dormitory Corporation?
Mohawk Valley Community College Dormitory Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mohawk Valley Community College Dormitory Corporation
Mohawk Valley Community Dormitory Corporation, as its name suggests, is a mission-driven organization primarily dedicated to providing suitable housing facilities for the students of Mohawk Valley Community College. The corporation's primary objective is to ensure that these students have access to comfortable and convenient living spaces that can contribute to their academic success and overall well-being. By offering housing facilities, the corporation aims to remove potential barriers that may hinder students from fully focusing on their studies, such as long commutes or inadequate living conditions. In essence, Mohawk Valley Community Dormitory Corporation serves as a bridge between the educational institution and its student body, fostering a supportive environment that can help students thrive academically and personally.
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Impact
October, 2024
Mohawk Valley Community College Dormitory Corporation plays a crucial role in enhancing the educational experience for students at Mohawk Valley Community College by providing essential housing facilities. By offering a safe and supportive living environment, the corporation enables students to focus on their studies while fostering a sense of community and belonging. Its presence in Utica, NY, directly contributes to the overall student experience, promoting academic success and personal development. Access to convenient housing allows students to engage more fully in campus activities, develop relationships with peers, and participate in educational opportunities, ultimately leading to a more enriching college experience. Through its commitment to student housing, the Mohawk Valley Community College Dormitory Corporation significantly impacts the lives of students and the broader academic community.
This information is meant to be a general summary of Mohawk Valley Community College Dormitory 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27,811
- Program Service Revenue: $1,848,493
- Gross Receipts: $1,984,615
Assets and Liabilities:
- Total Assets: $11,430,493
- Total Liabilities: $7,224,797
- Net Assets: $4,205,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM RENTS
Revenue
$1,532,072
SUMMER CONFERENCE FEES
Revenue
$315,211
VENDING COMMISSION
Revenue
$1,210
Organization Details
Founding Year
1966
Phone
(315) 792-5512Principal Officer
Mary Beth Murphy
Main Address
1101 SHERMAN DRIVE, UTICA, NY, 13501
NTEE Category
Code: L400 - Housing
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