Overview
What is Multiple Sclerosis Housing Inc?
Multiple Sclerosis Housing Inc is a nonprofit organization situated in Collingswood, New Jersey, with an address at 587 Haddon Ave. Their primary mission is to offer affordable housing for low-income elderly and handicapped individuals. They manage a 40-unit apartment complex, which operates under Section 202 of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program. The complex is regulated by HUD in terms of rental charges and operating methods, ensuring affordable housing for its residents.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75% (Three-Star out of Four Star rating)
Multiple Sclerosis Housing Inc has achieved a Three-Star rating on Charity Navigator, reflecting a solid commitment to accountability and financial management. The organization scored well overall due to a high Accountability & Finance score of 75%, indicating responsible stewardship of resources and a commitment to transparency.
The organization demonstrates strong governance with 100% of its board members being independent, which enhances oversight and minimizes conflicts of interest. Additionally, the financial statements are thoroughly audited, and no material diversion of assets has been reported, further showcasing the nonprofit's integrity in financial operations.
However, the liabilities to assets ratio stands at 56.34%, which indicates that while the organization is maintaining a healthy level of assets, there is still a notable proportion of liabilities. Despite this, the high program expense ratio of 96.67% suggests that the majority of expenditures are directed towards programs rather than administrative costs, aligning with the nonprofit’s mission to support individuals with multiple sclerosis.
This AI summary has been generated from information found on Charity Navigator.
Is Multiple Sclerosis Housing Inc legitimate?
Multiple Sclerosis Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multiple Sclerosis 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,304
For more financial information, click here
What is the mission statement of Multiple Sclerosis Housing Inc?
Multiple Sclerosis Housing Inc, as an organization, is committed to providing affordable housing for low-income elderly and handicapped individuals. Their mission is centered around operating a housing complex that offers suitable living facilities and services for this specific demographic. The complex adheres to Section 202 of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program. HUD regulates the rent charges and operating methods of these facilities to ensure affordability and accessibility for the intended residents.
Who is the CEO of Multiple Sclerosis Housing Inc?
C Sean Closkey is the President of Multiple Sclerosis Housing Inc.
What is the revenue of Multiple Sclerosis Housing Inc?
Multiple Sclerosis Housing Inc's revenue in 2022 was $730,159.
Who are the executives of Multiple Sclerosis Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Multiple Sclerosis Housing Inc?
Multiple Sclerosis Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Multiple Sclerosis Housing Inc
Multiple Sclerosis Housing Inc, a nonprofit organization, is committed to providing affordable housing for low-income elderly and handicapped individuals. Their mission is centered around operating a housing complex, which comprises 40 units, designed to cater to the needs of this specific demographic. This complex, regulated by the U.S. Department of Housing and Urban Development (HUD), operates under Section 202 of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program. This means that the rent charges and operating methods of the complex are strictly monitored to ensure affordability for the residents. In essence, Multiple Sclerosis Housing Inc aims to provide a safe and comfortable living environment for those who may be financially or physically disadvantaged, enabling them to maintain their independence and dignity.
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Impact
October, 2024
Multiple Sclerosis Housing Inc significantly impacts the community by providing affordable housing specifically designed for low-income elderly and handicapped individuals. By owning and operating a 40-unit apartment complex, it addresses a critical need for secure and accessible living spaces tailored to those with disabilities or age-related challenges.
The housing complex operates under the provisions of Section 202 of the National Housing Act and benefits from the Section 8 Housing Assistance Payment Program, ensuring that rent charges are manageable for residents. This regulatory framework, overseen by HUD, guarantees that the facilities adhere to standards that support the well-being of the tenants.
In Collingswood, NJ, Multiple Sclerosis Housing Inc fosters a supportive environment where residents can maintain their independence while having access to the necessary services and accommodations. The agency not only enhances the quality of life for individuals facing financial and physical barriers but also strengthens the community by promoting inclusive living options for vulnerable populations.
This information is meant to be a general summary of Multiple Sclerosis 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 2022.
- Investment Income: $237
- Program Service Revenue: $126,420
- Gross Receipts: $730,159
Assets and Liabilities:
- Total Assets: $2,857,864
- Total Liabilities: $1,688,809
- Net Assets: $1,169,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$119,366
MISCELLANEOUS
Revenue
$4,397
LAUNDRY AND VENDING
Revenue
$2,657
Organization Details
Founding Year
1982
Phone
(856) 488-4500Principal Officer
C Sean Closkey
Main Address
587 HADDON AVE, COLLINGSWOOD, NJ, 08108
NTEE Category
Code: G53Z - Disease
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