Overview
What is Magnificat Home Inc?
Magnificat Home Inc is a compassionate nonprofit organization situated in Jersey City, New Jersey. Their primary focus is on supporting women in need, providing them with a secure and nurturing living environment. This includes offering lodging, nutritious meals, and essential medical assistance. Their mission is to ensure the well-being of these women, offering them a sanctuary during challenging times. Magnificat Home Inc's programs and services aim to uplift and empower these women, offering them a path towards stability and recovery.
Is Magnificat Home Inc legitimate?
Magnificat Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnificat Home 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: $87,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,949
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What is the mission statement of Magnificat Home Inc?
The Magnificat Home, as a nonprofit organization, is dedicated to providing a safe and nurturing living environment for women in need. It offers essential services such as housing, food, and medical assistance. The mission of Magnificat Home is centered around offering these women a secure space, ensuring their basic needs are met. The organization's activities are geared towards providing a supportive environment, aiming to uplift and empower the women it serves.
Who is the CEO of Magnificat Home Inc?
Matthew Laracy is the Principal Officer of Magnificat Home Inc.
What is the revenue of Magnificat Home Inc?
Magnificat Home Inc's revenue in 2022 was $356,197.
Who are the executives of Magnificat Home Inc and what are their salaries?
The average compensation at Magnificat Home Inc during 2022 was $19,854. There are 5 employees at Magnificat Home Inc.
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Where can I find the form 990 for Magnificat Home Inc?
Magnificat Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Magnificat Home Inc
Magnificat Home, a nonprofit organization, is dedicated to providing a safe and nurturing environment for women in need. Their mission is to operate a boarding home that offers essential services such as housing, food, and medical assistance. The primary objective of Magnificat Home is to offer a refuge for these vulnerable women, providing them with the necessary support to overcome their challenges. By offering lodging, meals, and medical aid, Magnificat Home aims to empower these women and help them regain their footing in life. The organization's programs are designed to provide a sense of security and stability, enabling these women to focus on their personal growth and development.
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Impact
October, 2024
Magnificat Home Inc has a profound impact on the lives of women in need in Jersey City, NJ. By providing safe and nurturing housing, the organization addresses critical needs such as shelter, food, and medical assistance, creating a supportive environment for vulnerable individuals. This integrated approach not only helps women secure basic necessities but also fosters a sense of community and belonging.
Through its boarding home, Magnificat Home Inc empowers women by offering them a stable foundation from which they can rebuild their lives. The programs in place are designed to meet immediate needs while also laying the groundwork for long-term self-sufficiency and well-being. The compassionate care and resources provided contribute to the overall health and stability of the women served, helping them to regain confidence and pursue opportunities for personal growth.
In essence, Magnificat Home Inc plays a crucial role in uplifting women in challenging situations, facilitating their journey towards independence and a better quality of life.
This information is meant to be a general summary of Magnificat Home 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.
- Program Service Revenue: $248,413
- Gross Receipts: $356,197
Assets and Liabilities:
- Total Assets: $35,449
- Total Liabilities: -$1,059
- Net Assets: $36,508
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Organization Details
Founding Year
2009
Phone
(201) 451-4040Principal Officer
Matthew Laracy
Main Address
119 CLERK STREET, Jersey City, NJ, 07305
NTEE Category
Code: L20 - Housing
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