Overview
What is New Matamoras Area Housing Company?
New Matamoras Area Housing Company, operating under the name Parkway Townhomes, is a nonprofit organization situated in Columbus, Ohio. Their primary mission is to provide affordable housing to low-income and displaced individuals, offering 60 townhouse-style rental apartments as a part of their service. The corporation is dedicated to supporting vulnerable individuals in need, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The New Matamoras Area Housing Company has received a Two-Star rating from Charity Navigator, indicating a moderate level of transparency and accountability. With a score of 73%, the organization demonstrates strong financial practices, particularly through its high program expense ratio of 89.18%, which suggests that a significant portion of its funds is directed toward its mission-related activities.
The organization excels in governance, featuring a fully independent board with 10 out of 10 points for majority independent board members. It also maintains a solid liabilities to assets ratio of 6.05%, reflecting a strong financial position. Additionally, the charity consistently documents board meeting minutes, indicating a commitment to accountability and transparency.
However, the overall rating suggests there may be areas for improvement, particularly in enhancing its operational effectiveness and public perception. While the financial indicators are positive, the Two-Star rating signals potential concerns that may need to be addressed to boost confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Matamoras Area Housing Company legitimate?
New Matamoras Area Housing Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Matamoras Area Housing Company 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 New Matamoras Area Housing Company?
The New Matamoras Area Housing Company is dedicated to providing housing solutions for low-income individuals and those who have been displaced. Their mission is clearly reflected in their activities, as they offer 60 residential townhouse-style apartments for rent to individuals who fall under these categories. The company's primary objective is to ensure that these individuals have a place to call home, thereby contributing to their stability and well-being. The corporation's efforts are aimed at providing a supportive living environment, thereby contributing to the betterment of the community as a whole.
Who is the CEO of New Matamoras Area Housing Company?
Jorita Batten is the President of New Matamoras Area Housing Company.
What is the revenue of New Matamoras Area Housing Company?
New Matamoras Area Housing Company's revenue in 2023 was $465,858.
Who are the executives of New Matamoras Area Housing Company and what are their salaries?
There 3 volunteers at New Matamoras Area Housing Company.
Here are 3 key members and their salaries:
- 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 New Matamoras Area Housing Company?
New Matamoras Area Housing Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Matamoras Area Housing Company
The New Matamoras Area Housing Company is committed to providing housing for individuals who are financially disadvantaged or have been displaced. This nonprofit organization serves this purpose by offering 60 residential townhouse-style rental apartments. The mission of New Matamoras Area Housing Company is to create a living environment that is accessible and affordable for those in need, thereby contributing to their overall well-being and stability. The company's efforts aim to provide a sense of security and a home for those who may not have had the opportunity to secure one otherwise.
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Impact
July, 2024
New Matamoras Area Housing Company's impact is significant as it provides essential housing for low-income and displaced individuals in Columbus, Ohio. Through the provision of 60 residential townhouse-type rental apartments, the organization directly addresses the pressing need for affordable housing in the area. By offering stable and quality housing options, the New Matamoras Area Housing Company plays a crucial role in supporting vulnerable populations and enhancing community well-being.
This information is meant to be a general summary of New Matamoras Area Housing Company. 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: $5
- Program Service Revenue: $93,576
- Gross Receipts: $465,858
Assets and Liabilities:
- Total Assets: $673,223
- Total Liabilities: $40,766
- Net Assets: $632,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$93,576
Organization Details
Founding Year
1970
Phone
(614) 451-9000Principal Officer
Jorita Batten
Main Address
1601 BETHEL ROAD, COLUMBUS, OH, 43220
NTEE Category
Code: L22 - Housing
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