Overview
What is Mwa Iii Inc?
Mwa Iii Inc is a nonprofit organization situated in West Des Moines, Iowa. Their primary mission is to provide affordable and suitable housing for the elderly and disabled citizens of Muscatine, Iowa. They achieve this by purchasing, remodeling, and renting out properties specifically for this purpose. Their mission is deeply rooted in ensuring the comfort and dignity of these vulnerable community members, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Mwa Iii Inc has received a Two-Star rating from Charity Navigator, indicating areas for improvement in its accountability and finance. With an overall score of 65%, the organization demonstrates strengths in governance, including a fully independent board and no material diversion of assets. Additionally, they have a solid program expense ratio of 73.59%, suggesting a commitment to their mission-driven activities.
However, the nonprofit faces significant challenges that have impacted its overall rating. The absence of a whistleblower policy and a document retention policy reflects areas of governance that require attention. Furthermore, a high liabilities to assets ratio of 87.93% raises concerns about financial stability and sustainability.
Overall, while Mwa Iii Inc shows promise with strong governance practices and a focus on program expenses, it must address its policy deficiencies and financial liabilities to enhance accountability and build donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Mwa Iii Inc legitimate?
Mwa Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mwa Iii 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: $1,990
For more financial information, click here
What is the mission statement of Mwa Iii Inc?
Mwa Iiii Inc's mission is centered around providing adequate and affordable housing for the elderly and disabled citizens. This is achieved through the strategic purchasing, remodeling, and renting of housing units. The primary goal is to ensure that these vulnerable individuals have access to comfortable living spaces at reasonable prices. By undertaking these activities, Mwa Iiii Inc aims to contribute positively to the well-being and quality of life of these individuals, thereby promoting a sense of dignity and independence. The organization's efforts are aimed at making housing more accessible, thereby enhancing the overall living conditions for the elderly and disabled population.
What is the revenue of Mwa Iii Inc?
Mwa Iii Inc's revenue in 2023 was $49,338.
Who are the executives of Mwa Iii Inc and what are their salaries?
There 8 volunteers at Mwa Iii Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Mwa Iii Inc?
Mwa Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mwa Iii Inc
Mwa III Inc, a nonprofit organization, is committed to providing adequate low-cost housing for disabled and elderly citizens in an unspecified location. Their mission is twofold: firstly, they purchase existing properties; secondly, they undertake necessary renovations to transform these properties into suitable living spaces. Once the remodeling is completed, Mwa III Inc then rents out these refurbished houses to the targeted population, ensuring that they have access to affordable housing options. By doing so, the organization aims to improve the living standards and provide a sense of security and independence to this vulnerable group of individuals.
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Impact
August, 2024
Mwa Iii Inc's impact is focused on providing adequate low-cost housing to disabled and elderly citizens of Muscatine, Iowa. By purchasing, remodeling, and renting housing units, the organization helps address the housing needs of a vulnerable population in the community. This initiative not only provides essential shelter but also contributes to the well-being and quality of life of disabled and elderly individuals in Muscatine by ensuring they have a safe and affordable place to call home.
This information is meant to be a general summary of Mwa Iii 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 2023.
- Investment Income: $8
- Program Service Revenue: $49,330
- Gross Receipts: $49,338
Assets and Liabilities:
- Total Assets: $665,569
- Total Liabilities: $585,288
- Net Assets: $80,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES AND GOVERNMENT CONTRACTS
Revenue
$27,341
LOW RENT HOUSING
Revenue
$21,989
Organization Details
Founding Year
2006
Principal Officer
John Eichelberger
NTEE Category
Code: I20 - Crime
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