Overview
What is Morning Star Community Nfp Inc?
Morning Star Community Nfp Inc, also known as Morning Star Senior Residences, is a nonprofit organization located in Marion, Ohio. Their primary mission is to provide affordable and safe housing for low-income individuals, specifically the elderly and those with disabilities, through the U.S. Department of HUD Section 202 Program. With a modest workforce of two dedicated individuals, they aim to make a significant impact in their community by offering subsidized apartment rentals to approximately 60 eligible residents. Their commitment to this cause is evident in their dedication to providing a supportive living environment.
Official website here: www.unitedchurchhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
Morning Star Community Nfp Inc has received a Two-Star rating, indicating areas of improvement necessary for accountability and financial performance. The overall score is primarily derived from its Accountability & Finance metrics, where it scored 68%. This score reflects a lack of independent board members, which could raise concerns about governance, although the organization does have a sizable independent board.
Despite some strengths in financial management, such as having an audit and oversight committee and strong conflict of interest and whistleblower policies, the organization faced significant challenges. Notably, it scored poorly in the liabilities to assets ratio and did not post its tax form on its website, which are important for transparency. The program expense ratio, although moderate, indicates a need for better allocation of resources toward its core mission.
In terms of financial compensation, the organization lists substantial salaries for key positions, which could raise questions about financial priorities within the nonprofit sector. Overall, while Morning Star Community Nfp Inc shows commitment to certain governance practices, addressing its financial transparency and board structure could enhance its standing and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Morning Star Community Nfp Inc legitimate?
Morning Star Community Nfp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morning Star Community Nfp 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: $89,372
For more financial information, click here
Official website here: www.unitedchurchhomes.org
What is the mission statement of Morning Star Community Nfp Inc?
Morning Star Community NFP Inc is dedicated to serving the community by providing a safe and affordable housing solution for low-income individuals, specifically focusing on handicapped and elderly individuals. This is accomplished through the utilization of the U.S. Department of HUD Section 202 Program, which enables the organization to offer subsidized apartment rental units to approximately 60 eligible individuals. The primary goal is to enhance their living conditions and promote a sense of community and support.
Official website here: www.unitedchurchhomes.org
What is the revenue of Morning Star Community Nfp Inc?
Morning Star Community Nfp Inc's revenue in 2023 was $519,490.
Official website here: www.unitedchurchhomes.org
Who are the executives of Morning Star Community Nfp Inc and what are their salaries?
The average compensation at Morning Star Community Nfp Inc during 2023 was $44,686. There are 2 employees at Morning Star Community Nfp Inc.
Here are 12 key members and their salaries:
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- Related: $355,081
- Other: $34,230
- Compensation: $0
- Related: $357,257
- Other: $25,046
- Compensation: $0
- Related: $144,624
- Other: $2,693
Official website here: www.unitedchurchhomes.org
Where can I find the form 990 for Morning Star Community Nfp Inc?
Morning Star Community Nfp Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.unitedchurchhomes.org
Learn more at the official website: www.unitedchurchhomes.org
Mission Statement of Morning Star Community Nfp Inc
Morning Star Community NFP Inc is dedicated to providing a vital service for low-income individuals. Their mission, in its essence, is to offer safe and affordable housing solutions. Through the U.S. Department of HUD Section 202 Program, this nonprofit organization is able to provide subsidized apartment rental housing to approximately 60 low-income handicapped and/or elderly individuals. This commitment to social welfare is a testament to their dedication to improving the living conditions of those in need, thereby enhancing their quality of life.
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Impact
July, 2024
Morning Star Community Nfp Inc provides a vital service by offering safe and affordable housing for low-income individuals in Marion, Ohio. Through the U.S. Department of HUD Section 202 Program, the organization ensures that approximately 60 low-income handicapped and/or elderly individuals have access to subsidized apartment rental housing. This significantly impacts the lives of those in need, ensuring they have a stable living environment that meets their financial constraints. By fulfilling its mission of providing safe and affordable housing, Morning Star Community Nfp Inc positively contributes to the well-being and security of the community members it serves.
This information is meant to be a general summary of Morning Star Community Nfp 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: $11,747
- Program Service Revenue: $236,311
- Gross Receipts: $519,490
Assets and Liabilities:
- Total Assets: $2,743,797
- Total Liabilities: $6,549,753
- Net Assets: -$3,805,956
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Revenue
Revenue
$236,311
Organization Details
Founding Year
2010
Principal Officer
Cathy Green
Website
www.unitedchurchhomes.orgNTEE Category
Code: L21 - Housing
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