Overview
What is Hi-Fy-Mo Inc?
Hi-Fy-Mo Inc is a nonprofit organization that specializes in offering housing solutions for the elderly and disabled community. With a mission to provide comfortable living spaces, they have successfully established forty housing units to cater to this specific demographic. Their primary activity is dedicated to ensuring the elderly and disabled have access to suitable housing, making a significant impact on their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Hi-Fy-Mo Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an overall accountability and finance score of 80%. This score is based solely on the organization's strong financial practices, indicating a commitment to responsible management and transparent operations. The rating is particularly significant as it highlights the charity's reliable governance structure and sound financial health.
The organization boasts an impressive rating for having a majority of independent board members, with 100% of its board being independent. This is crucial for ensuring that decisions are made in the best interest of the charity and its beneficiaries. Additionally, Hi-Fy-Mo Inc has been recognized for its effective financial management, with a program expense ratio of over 86%, indicating that a large portion of its funds are directed toward its programs rather than administrative costs.
While the charity demonstrates strong practices in accountability and finance, there is limited information about its specific program outcomes or the impact of its services. However, the strong financial metrics suggest a well-run organization capable of fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Hi-Fy-Mo Inc legitimate?
Hi-Fy-Mo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hi-Fy-Mo 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: $28,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $560
For more financial information, click here
What is the mission statement of Hi-Fy-Mo Inc?
Hi-Fy-Mo Inc is committed to providing housing solutions for the elderly and disabled community. Through their initiatives, they have successfully established forty housing units catering to this specific demographic. The organization's primary goal is to ensure a comfortable living environment for these individuals, thereby enhancing their quality of life. Hi-Fy-Mo Inc's efforts aim to bridge the housing gap faced by the elderly and disabled, providing them with a sense of independence and dignity.
Who is the CEO of Hi-Fy-Mo Inc?
Judy Bray is the Director of Hi-Fy-Mo Inc.
What is the revenue of Hi-Fy-Mo Inc?
Hi-Fy-Mo Inc's revenue in 2022 was $189,981.
Who are the executives of Hi-Fy-Mo Inc and what are their salaries?
The average compensation at Hi-Fy-Mo Inc during 2022 was $9,660. There are 3 employees at Hi-Fy-Mo Inc.
Here are 6 key members and their salaries:
- Compensation: $14,300
- Related: $0
- Other: $0
- Compensation: $14,120
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Hi-Fy-Mo Inc?
Hi-Fy-Mo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hi-Fy-Mo Inc
Hi-Fy-Mo Inc, a nonprofit organization, is dedicated to providing housing solutions for the elderly and disabled community. Their mission is to offer forty housing units tailored to cater to the unique needs of this demographic through various programs. By offering these housing units, Hi-Fy-Mo Inc aims to ensure that the elderly and disabled have a safe and comfortable living environment, enhancing their quality of life. The organization's efforts in this area demonstrate their commitment to supporting the most vulnerable members of society, ensuring they have access to essential housing resources.
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Impact
October, 2024
Hi-Fy-Mo Inc significantly enhances the quality of life for elderly and disabled individuals in Mountain Grove, MO, by providing essential housing solutions. With a focus on inclusivity and accessibility, the organization has successfully created forty housing units tailored to meet the unique needs of these vulnerable populations.
By addressing the critical issue of housing insecurity, Hi-Fy-Mo Inc plays a pivotal role in fostering a supportive community environment. Their commitment to providing safe and affordable housing not only alleviates the stress associated with housing challenges but also promotes independence and well-being among residents. This impact is felt not just within the homes they offer but extends throughout the community, as stabilized housing contributes to improved health outcomes and enhanced overall quality of life for its inhabitants.
This information is meant to be a general summary of Hi-Fy-Mo 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: $23,173
- Program Service Revenue: $166,808
- Gross Receipts: $189,981
Assets and Liabilities:
- Total Assets: $1,204,800
- Total Liabilities: $19,636
- Net Assets: $1,185,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rents and subsidies
Revenue
$166,808
Organization Details
Founding Year
1973
Phone
(417) 259-0041Principal Officer
Judy Bray
Main Address
116 E 1ST ST STE 1, MOUNTAIN GROVE, MO, 65711
NTEE Category
Code: L22 - Housing
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