Overview
What is Mental Health Programs Inc V?
Mental Health Programs Inc V is a nonprofit organization based in Newton, Massachusetts. Their primary mission is to offer government (HUD) subsidized housing specifically designed for mentally disabled individuals. By providing such housing, they aim to offer a safe and supportive living environment for those who may require additional resources and care. The organization's work is focused on enhancing the quality of life for the mentally disabled, allowing them to live with dignity and independence.
Official website here: www.mainstayliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mental Health Programs Inc V has received a two-star rating from Charity Navigator, indicating areas that require enhancement, particularly in accountability and financial management. The organization boasts a perfect score for governance elements like board independence, conflict of interest policy, and transparency in documentation. However, it faces significant challenges with a liabilities to assets ratio of 253.38%, which raises concerns about its financial stability.
In terms of program expenses, the organization has a program expense ratio of 63.47%, demonstrating that a substantial portion of its funding is directed towards its mission-related activities. While it is commendable that the board consists entirely of independent members, this strong governance must translate into improved financial health for the organization to better serve its community.
The compensation for key personnel, such as the President, is notably high at $225,095, which could draw scrutiny regarding salary allocations relative to the organization’s overall financial condition. Overall, while Mental Health Programs Inc V has strengths in governance and policy adherence, addressing its financial issues is essential for improving its effectiveness and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Mental Health Programs Inc V legitimate?
Mental Health Programs Inc V is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mental Health Programs Inc V 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: $38,374
For more financial information, click here
Official website here: www.mainstayliving.org
What is the mission statement of Mental Health Programs Inc V?
Mental Health Programs Inc V is dedicated to providing government (HUD) subsidized housing for mentally disabled individuals. Their mission is to offer a safe and supportive living environment for those in need, ensuring they have a place to call home. Through their efforts, they strive to enhance the quality of life for mentally disabled persons, providing them with the stability and security they deserve. By offering subsidized housing, they aim to alleviate some of the financial burdens associated with finding and maintaining a place to live, allowing these individuals to focus on their personal growth and well-being.
Official website here: www.mainstayliving.org
Who is the CEO of Mental Health Programs Inc V?
Lawrence Oaks is the Director of Mental Health Programs Inc V.
Official website here: www.mainstayliving.org
What is the revenue of Mental Health Programs Inc V?
Mental Health Programs Inc V's revenue in 2023 was $203,669.
Official website here: www.mainstayliving.org
Who are the executives of Mental Health Programs Inc V and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $225,095
- Other: $22,894
Official website here: www.mainstayliving.org
Where can I find the form 990 for Mental Health Programs Inc V?
Mental Health Programs Inc V's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mainstayliving.org
Learn more at the official website: www.mainstayliving.org
Mission Statement of Mental Health Programs Inc V
Mental Health Programs Inc V, a non-profit organization, is dedicated to providing government subsidized housing for mentally disabled individuals. With a clear mission, the organization strives to offer a safe living environment for those in need, catering specifically to the mentally disabled community. By securing housing through partnerships with the Department of Housing and Urban Development (HUD), Mental Health Programs Inc V aims to alleviate the housing challenges faced by this vulnerable group, thereby enhancing their quality of life. The organization's work is essential in providing a stable foundation for mentally disabled individuals, empowering them to focus on their personal growth and recovery.
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Impact
June, 2024
Mental Health Programs Inc V's impact is centered around providing government-subsidized housing for mentally disabled persons in Newton, MA. Their primary mission is to offer HUD housing to individuals dealing with mental health challenges, aiming to enhance their quality of life and support their overall well-being. Through their dedicated efforts, this organization contributes significantly to addressing the housing needs of this vulnerable population and promoting mental health stability in the community.
This information is meant to be a general summary of Mental Health Programs Inc V. 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: $13
- Program Service Revenue: $203,656
- Gross Receipts: $203,669
Assets and Liabilities:
- Total Assets: $474,158
- Total Liabilities: $1,201,463
- Net Assets: -$727,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTALS
Revenue
$203,656
Organization Details
Founding Year
1990
Phone
(617) 789-4500Principal Officer
Lawrence Oaks
Main Address
29 CRAFTS STREET SUITE 260, NEWTON, MA, 02458
Website
www.mainstayliving.orgNTEE Category
Code: F30Z - Mental health
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