Overview
What is Saint Mark's Ministry To Aged Inc?
Saint Mark's Ministry To Aged Inc, located at 212 Bay Street, Easton, Maryland, is a nonprofit organization dedicated to offering affordable housing to the elderly and handicapped. During 2021, they provided housing for over 100 tenants through 93 rental units. Additionally, they offer transportation services to local churches and shopping centers, ensuring their residents maintain a sense of community and have easy access to essential amenities. With a team of six dedicated individuals, Saint Mark's Ministry To Aged Inc strives to improve the lives of its elderly and handicapped residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Saint Mark's Ministry To Aged Inc has received a strong rating of 91%, indicating a high level of accountability and financial health. This Four-Star rating reflects the organization's commitment to transparency and sound financial practices, with particularly notable scores in areas such as independent board composition and financial oversight. The organization boasts a fully independent board and has comprehensive policies in place, demonstrating a robust governance structure.
The charity excels in its program expense ratio, with 88.69% of its expenses directed towards its programs, indicating a strong focus on its mission to serve the aged. The absence of material diversion of assets and a well-documented conflict of interest and whistleblower policy further enhance its trustworthiness. Such strong financial management and operational transparency foster confidence among donors and stakeholders.
However, while the liabilities to assets ratio of 53.74% is solid, it suggests that there is room for improvement in managing its liabilities relative to its total assets. Overall, Saint Mark's Ministry To Aged Inc demonstrates a strong commitment to its mission and the responsible stewardship of resources, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Mark's Ministry To Aged Inc legitimate?
Saint Mark's Ministry To Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Mark's Ministry To Aged 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: $115,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,711
For more financial information, click here
What is the mission statement of Saint Mark's Ministry To Aged Inc?
Saint Mark's Ministry To Aged Inc, as an organization, is dedicated to providing low-income housing for the elderly and handicapped individuals. Their primary mission is to offer a secure living space for these individuals who may have limited financial resources. In the year 2021, the ministry successfully housed over 100 tenants in 93 rental units. Besides housing, Saint Mark's Ministry also provides transportation services, facilitating trips to churches and shopping centers to ensure their residents have access to necessary amenities and social activities.
Who is the CEO of Saint Mark's Ministry To Aged Inc?
Wendy Young is the Executive Director of Saint Mark's Ministry To Aged Inc.
What is the revenue of Saint Mark's Ministry To Aged Inc?
Saint Mark's Ministry To Aged Inc's revenue in 2022 was $764,695.
Who are the executives of Saint Mark's Ministry To Aged Inc and what are their salaries?
The average compensation at Saint Mark's Ministry To Aged Inc during 2022 was $48,628. There are 6 employees and 9 volunteers at Saint Mark's Ministry To Aged Inc.
Here are 10 key members and their salaries:
- Compensation: $111,637
- Related: $0
- Other: $3,422
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- Other: $0
Where can I find the form 990 for Saint Mark's Ministry To Aged Inc?
Saint Mark's Ministry To Aged Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saint Mark's Ministry To Aged Inc
Saint Mark's Ministry To Aged Inc is dedicated to providing low-income housing solutions for the elderly and handicapped individuals. Their mission is centered around offering a residential environment that caters to this specific demographic, ensuring they have access to safe and affordable living spaces. In 2021, the organization successfully provided housing to over 100 tenants, distributing 93 rental units. Beyond housing, Saint Mark's Ministry To Aged Inc also extends other services, such as arranging transportation to local churches and shopping centers, further enhancing the quality of life for its residents.
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Impact
October, 2024
Saint Mark's Ministry To Aged Inc significantly enhances the quality of life for low-income elderly and handicapped individuals by providing safe and affordable housing. In 2021, it offered 93 rental units, accommodating over 100 tenants, thereby addressing a critical need for accessible housing in the Easton, MD area. Beyond just housing, the organization facilitates essential services such as transportation to churches and shopping centers, ensuring that residents can maintain social connections and access necessary amenities. Through these efforts, Saint Mark's fosters independence and community engagement among its tenants, profoundly impacting their well-being and integrating them more fully into the community.
This information is meant to be a general summary of Saint Mark's Ministry To Aged 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: $2,629
- Program Service Revenue: $740,326
- Gross Receipts: $764,695
Assets and Liabilities:
- Total Assets: $2,263,471
- Total Liabilities: $1,226,073
- Net Assets: $1,037,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDY
Revenue
$410,973
RENTAL TENANT
Revenue
$329,353
Organization Details
Founding Year
1970
Phone
(410) 822-1315Principal Officer
Wendy Young
Main Address
212 BAY STREET, EASTON, MD, 21601
NTEE Category
Code: L22Z - Housing
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