Overview
What is Morris Unit Corporation For Housing Inc?
Morris Unit Corporation for Housing Inc. is a nonprofit organization situated in Morris Plains, New Jersey. Their primary mission is to offer low-income residential housing for individuals with intellectual and developmental disabilities. They operate under the auspices of HUD (Housing and Urban Development) and provide a nurturing and supportive living environment for these individuals. Their activities focus on ensuring these individuals have access to a suitable home, thus contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Morris Unit Corporation For Housing Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 72%. This rating is primarily based on the organization's accountability and finance metrics. The charity excels in several areas, including having a fully independent board, no material diversion of assets, and a solid program expense ratio of 84.81%, indicating effective utilization of funds for its mission.
While the charity demonstrates strong governance practices, such as having conflict of interest policies and proper document retention protocols, its financial stability raises concerns. The liabilities to assets ratio is notably high at 91.92%, which suggests the organization may be facing challenges in managing its debts relative to its assets.
Overall, the organization shows strengths in its governance and program expenditure, but the financial health indicators warrant attention for potential sustainability issues moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Morris Unit Corporation For Housing Inc legitimate?
Morris Unit Corporation For Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morris Unit Corporation For Housing 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.
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What is the mission statement of Morris Unit Corporation For Housing Inc?
Morris Unit Corporation for Housing Inc. is committed to providing low-income residential housing for individuals with intellectual and developmental disabilities. Their mission is geared towards offering a living space that caters to this specific group of people, ensuring they have a suitable home environment. The corporation operates a group home residence, which is funded through a mortgage property by the HUD, to provide a comfortable and supportive living situation for these individuals.
Who is the CEO of Morris Unit Corporation For Housing Inc?
Walter Bender is the President of Morris Unit Corporation For Housing Inc.
What is the revenue of Morris Unit Corporation For Housing Inc?
Morris Unit Corporation For Housing Inc's revenue in 2023 was $76,439.
Who are the executives of Morris Unit Corporation For Housing Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Morris Unit Corporation For Housing Inc?
Morris Unit Corporation For Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Morris Unit Corporation For Housing Inc
Morris Unit Corporation for Housing Inc. is committed to providing low-income residential housing for individuals who are intellectually and developmentally disabled. This nonprofit organization's mission is centered around ensuring that these individuals have a suitable living environment, catering to their unique needs. By offering residential housing, Morris Unit Corporation for Housing Inc. aims to contribute positively to their residents' lives, enabling them to live with dignity and independence. The organization's primary activity is the operation of a group home, which is funded through a HUD mortgage, providing a safe and supportive living space for these individuals.
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Impact
August, 2024
Morris Unit Corporation For Housing Inc's impact lies in providing crucial housing support for intellectually and developmentally disabled individuals of low income in Morris Plains, NJ. By operating group home residences and maintaining HUD mortgage properties, this organization ensures that these vulnerable individuals have a safe and affordable place to live, fostering a sense of independence and community inclusion. Through its dedicated mission to offer low-income residential housing for this marginalized population, Morris Unit Corporation For Housing Inc significantly contributes to improving the quality of life for those with intellectual and developmental disabilities in the region.
This information is meant to be a general summary of Morris Unit Corporation For Housing 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: $39
- Program Service Revenue: $49,896
- Gross Receipts: $76,439
Assets and Liabilities:
- Total Assets: $232,224
- Total Liabilities: $213,461
- Net Assets: $18,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$49,896
Organization Details
Founding Year
1993
Phone
(973) 326-9750Principal Officer
Walter Bender
Main Address
PO Box 123, Morris Plains, NJ, 07950
NTEE Category
Code: P73Z - Human services
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