Overview
What is Machebeuf Apartments Inc?
Machebeuf Apartments Inc is a nonprofit organization situated in Glenwood Springs, Colorado. Its primary mission is to offer affordable housing options for families with moderate to low incomes, housing a total of 55 units. Based in Denver, Colorado, the organization strives to make a difference in the community by providing affordable living spaces, contributing to the well-being of local families. With a small team of 4 dedicated individuals, Machebeuf Apartments Inc plays an essential role in ensuring access to housing for those in need.
Official website here: www.archdiocesanhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Machebeuf Apartments Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 81%. This rating reflects the organization’s adherence to best practices in financial management and transparency, which are crucial for fostering trust among donors and stakeholders.
The organization excels in having a fully independent board, scoring 8 out of 8 points in that category, as well as a strong financial oversight structure with an Audit and Oversight Committee. Additionally, Machebeuf Apartments maintains a high program expense ratio of 90.68%, which signifies that a significant portion of its resources is directed towards its programs rather than administrative costs, enhancing its operational effectiveness.
While the overall rating is commendable, it is important for potential donors to consider that this score is derived solely from the Accountability & Finance category, with no other beacons factored in. This concentration might limit insights into other operational aspects, such as program impact or community engagement, which are also important for a comprehensive evaluation of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Machebeuf Apartments Inc legitimate?
Machebeuf Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Machebeuf Apartments 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
Official website here: www.archdiocesanhousing.org
What is the mission statement of Machebeuf Apartments Inc?
Machebeuf Apartments Inc, as an organization, is committed to providing affordable housing opportunities for families with modest to low incomes. This mission is reflected in their daily operations and objectives. By offering affordable housing, they aim to contribute positively to the living standards of these families, ensuring they have access to decent and comfortable living spaces. The housing complex, comprising 55 units, is just one facet of their dedication to this cause. Overall, Machebeuf Apartments Inc serves as a vital resource for families in need, providing them with a stable and affordable living environment.
Official website here: www.archdiocesanhousing.org
Who is the CEO of Machebeuf Apartments Inc?
Philip Vottiero is the Vp Of Develo of Machebeuf Apartments Inc.
Official website here: www.archdiocesanhousing.org
What is the revenue of Machebeuf Apartments Inc?
Machebeuf Apartments Inc's revenue in 2022 was $570,575.
Official website here: www.archdiocesanhousing.org
Who are the executives of Machebeuf Apartments Inc and what are their salaries?
There are 4 employees and 4 volunteers at Machebeuf Apartments Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $161,899
- Other: $39,999
- Compensation: $0
- Related: $154,011
- Other: $19,832
- Compensation: $0
- Related: $115,423
- Other: $7,321
- Compensation: $0
- Related: $81,452
- Other: $38,596
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.archdiocesanhousing.org
Where can I find the form 990 for Machebeuf Apartments Inc?
Machebeuf Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archdiocesanhousing.org
Learn more at the official website: www.archdiocesanhousing.org
Mission Statement of Machebeuf Apartments Inc
Machebeuf Apartments Inc, as a nonprofit organization, is devoted to providing affordable housing solutions for families with modest incomes. Their primary mission is to serve this demographic, offering them a living space that fits within their financial means. By providing affordable housing, Machebeuf Apartments Inc aims to contribute positively to the community, ensuring that families have a stable and secure place to call home.
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Impact
July, 2024
Machebeuf Apartments Inc's impact is significant in providing affordable housing to low- and moderate-income families. Its housing complex of 55 units located in Glenwood Springs, Colorado, plays a crucial role in addressing the housing needs of families in the area. By offering affordable housing options, Machebeuf Apartments Inc contributes to community development and stability, ensuring that families have a safe and secure place to call home. This helps to improve the overall well-being and quality of life for those who may struggle to find affordable housing options in the region.
This information is meant to be a general summary of Machebeuf Apartments 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: $805
- Program Service Revenue: $569,770
- Gross Receipts: $570,575
Assets and Liabilities:
- Total Assets: $2,834,240
- Total Liabilities: $3,335,343
- Net Assets: -$501,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENT
Revenue
$564,457
OTHER RESIDENT CHARGES
Revenue
$5,313
Organization Details
Founding Year
1992
Phone
(303) 830-0215Principal Officer
Philip Vottiero
Main Address
6240 SMITH ROAD, DENVER, CO, 80216
Website
www.archdiocesanhousing.orgNTEE Category
Code: L80 - Housing
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