Overview
What is Melon I Corporation?
Melon I Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 2042-48 Arch Street 2nd Floor. Its primary mission is to provide affordable and permanent housing for individuals with disabilities, identified by federal, state, or county officials. During the fiscal year ending on June 30, 2022, the organization successfully offered 10 housing units to disabled individuals, catering to their physical, social, and psychological needs. Melon I Corporation achieves this mission by acquiring, rehabilitating, constructing, owning, and operating affordable housing projects in Philadelphia.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating.
Melon I Corporation has achieved an impressive score of 97%, demonstrating strong performance in accountability and finance. The organization has a robust governance structure, with an independent board consisting of 10 members, which meets the highest standards for accountability. Additionally, they have excellent financial management practices, achieving a low liabilities to assets ratio of 40.11% and a high program expense ratio of 91.21%, indicating that most of their resources are directed towards their programs.
Key strengths include a comprehensive set of policies that promote transparency and integrity, such as a conflict of interest policy and a whistleblower policy, both of which scored full points. Their financial practices reflect a commitment to responsible resource allocation, which is critical for donor confidence and organizational sustainability. All essential documents, including board meeting minutes, are properly maintained and accessible.
While the data indicates strong performance in all evaluated areas, there are no noted limitations or concerns in the available information. Overall, Melon I Corporation stands out as a well-managed nonprofit with a commitment to accountability and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Melon I Corporation legitimate?
Melon I Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melon I 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: $19,395
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Melon I Corporation?
The mission of Melon I Corporation, in essence, is to acquire, rehabilitate, construct, own, and operate affordable housing projects. The primary objective is to provide safe, affordable, and permanent housing for individuals with disabilities, as identified by federal, state, or county officials. The organization's purpose is to cater to the physical, social, and psychological needs of these individuals, ensuring they have suitable housing facilities. During the fiscal year ending on June 30, 2022, Melon I Corporation provided 10 housing units to disabled individuals.
Official website here: www.missionfirsthousing.org
Who is the CEO of Melon I Corporation?
Thomas Ak Queenan is the CEO of Melon I Corporation The CEO's salary of Melon I Corporation is $0 and their total compensation is $329,089.
Official website here: www.missionfirsthousing.org
What is the revenue of Melon I Corporation?
Melon I Corporation's revenue in 2024 was $110,337.
Official website here: www.missionfirsthousing.org
Who are the executives of Melon I Corporation and what are their salaries?
There 3 volunteers at Melon I Corporation.
Here are 11 key members and their salaries (Melon I Corporation's CEO's salary is $0 and their total compensation is $329,089):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $318,971
- Other: $10,118
- Compensation: $0
- Related: $213,447
- Other: $28,837
- Compensation: $0
- Related: $193,577
- Other: $28,390
- Compensation: $0
- Related: $182,087
- Other: $28,035
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Melon I Corporation?
Melon I Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Melon I Corporation
Melon I Corporation, as an organization, is committed to acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. The primary objective of this corporation is to provide safe, affordable, and permanent housing for individuals with disabilities, as identified by federal, state, or county officials. This mission is geared towards addressing the physical, social, and psychological needs of these individuals by offering them suitable housing facilities. In the fiscal year ending on June 30, 2022, Melon I Corporation successfully provided 10 housing units to disabled persons, demonstrating their dedication towards fulfilling their mission.
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Impact
August, 2024
Melon I Corporation's impact lies in its provision of 10 housing units to disabled individuals in Philadelphia. By acquiring, rehabilitating, constructing, owning, and operating affordable housing projects specifically designed for low-income disabled individuals, Melon I Corporation is addressing the critical need for safe and permanent housing for this vulnerable population. This initiative directly contributes to meeting the physical, social, and psychological needs of disabled persons, ensuring they have access to suitable living arrangements. In doing so, Melon I Corporation plays a vital role in promoting inclusivity and improving the quality of life for those with disabilities in Philadelphia.
This information is meant to be a general summary of Melon I 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 2024.
- Investment Income: $1,453
- Program Service Revenue: $107,970
- Gross Receipts: $110,337
Assets and Liabilities:
- Total Assets: $1,157,942
- Total Liabilities: $462,781
- Net Assets: $695,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$54,430
TENANT ASSISTANCE PAYM
Revenue
$53,540
Organization Details
Founding Year
2006
Principal Officer
Thomas Ak Queenan
Website
www.missionfirsthousing.orgNTEE Category
Code: P73 - Human services
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