Overview
What is Mars Housing Inc?
Mars Housing Inc is a nonprofit organization dedicated to providing housing solutions for low-income elderly and mobility-impaired individuals. With a mission focused on HUD housing projects, Mars Housing offers a safe living environment for disadvantaged elderly and handicapped persons, ensuring they have access to essential housing needs. The organization's work contributes to enhancing the quality of life for these vulnerable groups, providing them with the support and care they require.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 72%)
Mars Housing Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates some strengths in accountability and finance, there are areas for improvement. The organization has a solid board governance structure with 100% independent board members and a positive score in key areas such as liability management and document retention policies.
Strengths include a strong program expense ratio of approximately 67.92%, suggesting that a significant portion of the organization's resources is allocated toward its mission-related activities. Additionally, the absence of material asset diversion and the presence of a whistleblower policy reflect a commitment to ethical governance and accountability.
However, the overall rating indicates that there are aspects of the organization that need enhancement. The need for improvement is reflected in the overall score of 72%, which suggests potential gaps in operational effectiveness or impact measurement that could be addressed to strengthen the organization further.
This AI summary has been generated from information found on Charity Navigator.
Is Mars Housing Inc legitimate?
Mars Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mars 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: $261,690
For more financial information, click here
What is the mission statement of Mars Housing Inc?
Mars Housing Inc., as part of its mission, focuses on operating a HUD Housing project. This project aims to provide housing for individuals with low income and mobility impairments, primarily the elderly. The organization offers housing solutions for disadvantaged elderly and handicapped individuals, ensuring they have a suitable living environment. Mars Housing Inc. is committed to serving this vulnerable population, striving to enhance their quality of life through suitable housing options.
Who is the CEO of Mars Housing Inc?
Randy J Davidson is the President of Mars Housing Inc.
What is the revenue of Mars Housing Inc?
Mars Housing Inc's revenue in 2022 was $1,151,508.
Who are the executives of Mars Housing Inc and what are their salaries?
The average compensation at Mars Housing Inc during 2022 was $26,169. There are 10 employees at Mars Housing Inc.
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Where can I find the form 990 for Mars Housing Inc?
Mars Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mars Housing Inc
Mars Housing Inc is dedicated to serving the needs of low-income elderly and mobility-impaired individuals by operating a HUD Housing project. Their primary mission is to provide suitable housing for this vulnerable population, ensuring they have a secure living environment. Mars Housing's programs focus on accommodating disadvantaged elderly and handicapped individuals, offering them the opportunity to live with dignity and independence. The organization's commitment to this mission is evident in their efforts to provide housing solutions for those who may otherwise struggle to secure appropriate housing due to financial constraints or mobility challenges.
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Impact
October, 2024
Mars Housing Inc plays a crucial role in addressing the housing needs of low-income elderly and mobility-impaired individuals in Mars, Pennsylvania. By implementing HUD housing projects, it provides secure and affordable living options for disadvantaged groups, ensuring that those with limited means have access to safe and suitable housing. Through its targeted programs, Mars Housing Inc not only enhances the quality of life for residents but also fosters a sense of community, facilitating social connections among individuals who often face isolation due to their circumstances. This organization's commitment to serving vulnerable populations reflects its significant impact on individual lives and the broader community, contributing to a more inclusive and supportive environment.
This information is meant to be a general summary of Mars 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: $4,766
- Program Service Revenue: $520,327
- Gross Receipts: $1,151,508
Assets and Liabilities:
- Total Assets: $3,845,121
- Total Liabilities: $52,039
- Net Assets: $3,793,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME- TENANTS
Revenue
$518,268
SERVICE INCOME
Revenue
$2,059
Organization Details
Founding Year
1980
Phone
(724) 625-9290Principal Officer
Randy J Davidson
Main Address
BOX 868, MARS, PA, 16046
NTEE Category
Code: L210 - Housing
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