Overview
What is Mary Linda Housing Corp?
Mary Linda Housing Corp is a nonprofit organization, headquartered at 40 Hazelwood Drive, Amherst, New York 14228, that is regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act. The primary mission of Mary Linda Housing Corp is to offer affordable housing specifically tailored to the mentally handicapped and elderly individuals, promoting their health, security, happiness, and overall well-being. The corporation operates and maintains community residential living accommodations to cater to the developmentally disabled, with a focus on providing a safe and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Mary Linda Housing Corp has received a Three-Star rating from Charity Navigator, indicating a solid level of financial accountability and transparency. The organization scored particularly well in areas such as having a fully independent board and maintaining no material diversion of assets, which demonstrates strong governance practices. With a program expense ratio of 94.13%, it is evident that a significant portion of its resources is directed towards fulfilling its mission.
However, the rating reflects a significant concern regarding the organization's liabilities to assets ratio, which stands at 172.12%. This high ratio suggests that the organization may have more liabilities than assets, raising potential questions about financial stability. While the charity excels in various accountability measures, this aspect may limit its overall effectiveness and sustainability in the long term.
Overall, Mary Linda Housing Corp shows a commitment to strong governance and program effectiveness, but stakeholders should be aware of its financial liabilities, which could impact future operations and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mary Linda Housing Corp legitimate?
Mary Linda Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Linda Housing Corp 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 Mary Linda Housing Corp?
Mary Linda Housing Corp's mission is centered around providing community residences and facilities specifically tailored to enhance the health, security, happiness, and productivity of individuals who are developmentally disabled. The corporation's primary objective is to operate and maintain affordable housing accommodations for these individuals, ensuring they have a safe and supportive living environment. This organization is regulated and insured by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act, demonstrating its commitment to providing housing solutions for mentally handicapped and elderly persons.
Who is the CEO of Mary Linda Housing Corp?
Thomas Ess is the President of Mary Linda Housing Corp. The CEO's salary of Mary Linda Housing Corp is $0 and their total compensation is $221,834.
What is the revenue of Mary Linda Housing Corp?
Mary Linda Housing Corp's revenue in 2022 was $50,705.
Who are the executives of Mary Linda Housing Corp and what are their salaries?
Here are 13 key members and their salaries (Mary Linda Housing Corp's CEO's salary is $0 and their total compensation is $221,834):
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- Related: $196,380
- Other: $25,454
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- Related: $8,036
- Other: $518
Where can I find the form 990 for Mary Linda Housing Corp?
Mary Linda Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Linda Housing Corp
Mary Linda Housing Corp is dedicated to providing supportive housing and facilities for individuals who are developmentally disabled. Their mission is to create a safe and nurturing environment that promotes their health, security, happiness, and overall well-being. The corporation operates and maintains community residential living accommodations specifically designed for this group, ensuring they have access to affordable housing. Mary Linda Housing Corp is regulated and insured by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act, demonstrating their commitment to providing quality care and housing solutions for the mentally handicapped and elderly population.
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Impact
August, 2024
Mary Linda Housing Corp's impact is significant in providing community residences and housing facilities and services specifically designed to promote the health, security, happiness, and usefulness of persons who are developmentally disabled. The organization's focus on offering affordable housing to the mentally handicapped and elderly individuals plays a crucial role in improving their quality of life and ensuring they have a safe and supportive living environment. By operating and maintaining community residential living accommodations for the developmentally disabled, Mary Linda Housing Corp contributes to creating inclusive communities and enhancing the well-being of vulnerable populations in Amherst, NY.
This information is meant to be a general summary of Mary Linda Housing Corp. 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: $2
- Program Service Revenue: $50,703
- Gross Receipts: $50,705
Assets and Liabilities:
- Total Assets: $334,081
- Total Liabilities: $575,022
- Net Assets: -$240,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$50,703
Organization Details
Founding Year
2005
Phone
(716) 817-7419Principal Officer
Thomas Ess
Main Address
40 HAZELWOOD DRIVE, AMHERST, NY, 14228
NTEE Category
Code: L20 - Housing
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