Overview
What is Maher Homes Inc?
Maher Homes Inc is a nonprofit organization located in Frederick, Maryland. Their primary mission is to provide affordable housing for chronically mentally disabled individuals, in alignment with their exempt status, as outlined in Section 811 of the National Affordable Housing Act. Through this initiative, they aim to create a supportive living environment for this specific population, contributing to their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Stars)
Maher Homes Inc has received a One-Star rating from Charity Navigator, indicating significant concerns in its accountability and financial practices. The overall score is derived solely from its Accountability & Finance metrics, which reflects a lack of comprehensive policies and procedures that are typically expected of nonprofit organizations.
The organization performs well in certain areas, such as having a majority of independent board members and no material diversion of assets, both of which score full points. However, it falls short in several critical areas, such as failing to provide essential policies including conflict of interest and whistleblower policies, as well as not having its meeting minutes documented.
Additionally, the financial health of Maher Homes Inc raises concerns, with a liabilities to assets ratio of 79.39%, indicating potential financial instability. While the organization does allocate a high percentage of its expenses towards programs, the overall lack of transparency and governance practices suggests that potential donors should proceed with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Maher Homes Inc legitimate?
Maher Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maher Homes 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
What is the mission statement of Maher Homes Inc?
Maher Homes Inc, as stated in its mission, is committed to providing affordable housing solutions for individuals who are chronically mentally disabled. This commitment is in line with Section 811 of the National Affordable Housing Act. The organization's goal is to offer housing accommodations that cater specifically to this group, ensuring they have access to secure and suitable living environments. Maher Homes Inc operates under an exempt status, which allows it to focus solely on this mission. The organization's activities are aimed at making a meaningful difference in the lives of these individuals by providing them with a decent place to live.
Who is the CEO of Maher Homes Inc?
Sarah Norman is the President of Maher Homes Inc.
What is the revenue of Maher Homes Inc?
Maher Homes Inc's revenue in 2022 was $49,930.
Who are the executives of Maher Homes Inc and what are their salaries?
There 5 volunteers at Maher Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Maher Homes Inc?
Maher Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maher Homes Inc
Maher Homes Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals who are chronically mentally disabled. Aligned with Section 811 of the National Affordable Housing Act, Maher Homes Inc strives to ensure that these individuals have access to suitable living spaces. The organization operates under an exempt status, and its mission is focused on meeting the housing needs of this vulnerable population, thereby offering them a sense of security and stability. By providing affordable housing, Maher Homes Inc aims to enhance the quality of life for the chronically mentally disabled, enabling them to live with dignity and independence.
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Impact
August, 2024
Maher Homes Inc's impact lies in its dedication to providing affordable housing to the chronically mentally disabled in accordance with Section 811 of the National Affordable Housing Act. By offering stable and supportive housing solutions, Maher Homes Inc positively impacts the lives of individuals who may otherwise struggle to find suitable housing options. Through their mission, Maher Homes Inc contributes to enhancing the quality of life and well-being of a vulnerable population, ensuring they have a safe and secure place to call home.
This information is meant to be a general summary of Maher Homes 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: $2
- Program Service Revenue: $49,928
- Gross Receipts: $49,930
Assets and Liabilities:
- Total Assets: $1,232,424
- Total Liabilities: $915,330
- Net Assets: $317,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$49,928
Organization Details
Founding Year
2007
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L21 - Housing
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