Overview
What is Maloney Manor Housing Development Fund Company Inc?
Maloney Manor Housing Development Fund Company Inc is a nonprofit organization situated in East Syracuse, New York, specifically at 6737 Myers Road. Their primary mission is to provide and manage housing for individuals with low income. By owning and operating a housing project, they aim to offer a suitable living environment for this demographic. With a small workforce of one employee, this organization plays a vital role in addressing housing needs within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Maloney Manor Housing Development Fund Company Inc has achieved an 80% overall score, primarily reflecting its strong performance in accountability and finance. The organization's high ratings in key areas highlight its commitment to transparent governance, with a fully independent board of directors and no material diversions of assets, which indicates sound financial practices.
The charity's accountability measures are robust, as evidenced by its documented board meeting minutes and a comprehensive conflict of interest policy. Additionally, the organization has a perfect program expense ratio, ensuring that all funds are directed towards its mission rather than administrative costs. This level of financial efficiency is commendable and illustrates effective resource management.
However, while the charity excels in accountability and finance, the single beacon score limits a broader assessment of its overall impact and effectiveness in achieving its mission. Future evaluations could benefit from additional metrics on programmatic outcomes to provide a more complete picture of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Maloney Manor Housing Development Fund Company Inc legitimate?
Maloney Manor Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maloney Manor Housing Development Fund Company 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: $0
For more financial information, click here
What is the mission statement of Maloney Manor Housing Development Fund Company Inc?
Maloney Manor Housing Development Fund Company Inc's mission is centered around providing housing solutions for individuals with low income. Specifically, the company aims to own and operate a housing project that caters to this demographic. Their primary objective is to make a positive impact on the lives of these individuals by providing them with a stable living environment. The company's activities are focused on managing and maintaining the housing project to ensure it meets the needs of its residents. By doing so, Maloney Manor Housing Development Fund Company Inc contributes to the well-being and social stability of its community.
Who is the CEO of Maloney Manor Housing Development Fund Company Inc?
Patricia Fergerson is the Member of Maloney Manor Housing Development Fund Company Inc.
What is the revenue of Maloney Manor Housing Development Fund Company Inc?
Maloney Manor Housing Development Fund Company Inc's revenue in 2022 was $65,250.
Who are the executives of Maloney Manor Housing Development Fund Company Inc and what are their salaries?
There is 1 employee at Maloney Manor Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Maloney Manor Housing Development Fund Company Inc?
Maloney Manor Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maloney Manor Housing Development Fund Company Inc
Maloney Manor Housing Development Fund Company Inc is dedicated to fulfilling a noble mission. This mission revolves around owning and operating a housing project, specifically catering to individuals with low income. By taking on this responsibility, the organization aims to provide a much-needed shelter for individuals who may be financially disadvantaged. The company's primary objective is to ensure that these individuals have a place to call home, thereby contributing to their overall well-being and stability.
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Impact
August, 2024
Maloney Manor Housing Development Fund Company Inc's impact is providing affordable housing for low-income individuals in East Syracuse, NY. They own and operate a housing project specifically designed to meet the needs of individuals facing financial challenges. By offering safe and affordable housing options, Maloney Manor contributes to maintaining stable communities and improving the quality of life for those in need of housing assistance.
This information is meant to be a general summary of Maloney Manor Housing Development Fund Company 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: -$890
- Program Service Revenue: $66,140
- Gross Receipts: $66,144
Assets and Liabilities:
- Total Assets: $715,242
- Total Liabilities: $0
- Net Assets: $715,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF APARTMENTS
Revenue
$65,553
LANUDRY INCOME
Revenue
$587
Organization Details
Founding Year
1994
Phone
(315) 437-2178Principal Officer
Patricia Fergerson
Main Address
6737 MYERS ROAD, EAST SYRACUSE, NY, 13057
NTEE Category
Code: L200 - Housing
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