Overview
What is 1512 Mount Royal Inc?
1512 Mount Royal Inc is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to offer affordable housing solutions for individuals who are living below the income threshold and are diagnosed with HIV or AIDS. This organization is dedicated to providing a comfortable living space for this specific population, aiming to enhance their quality of life. The organization's focus on affordable housing underscores its commitment to supporting vulnerable individuals and ensuring they have access to decent living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
1512 Mount Royal Inc has received a 79% rating from Charity Navigator, reflecting a solid performance in accountability and financial health. The organization boasts a perfect score in areas such as board independence and conflict of interest policies, showcasing a commitment to transparency and ethical governance. Their program expense ratio is notably strong at 96.71%, indicating that a significant portion of funds is directed towards their programs.
However, the organization does face a challenge with its liabilities to assets ratio, which stands at 120.24%, resulting in a low score in that area. This suggests potential financial risk, as liabilities exceed assets, which may raise concerns regarding the organization's long-term sustainability. Despite this limitation, the overall governance and operational practices are commendable, reflecting a well-managed nonprofit.
In summary, while 1512 Mount Royal Inc shows strength in accountability and program spending, the financial health highlighted by the liabilities to assets ratio warrants attention. Stakeholders should consider both the strengths and weaknesses when evaluating the organization's overall impact and viability.
This AI summary has been generated from information found on Charity Navigator.
Is 1512 Mount Royal Inc legitimate?
1512 Mount Royal Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1512 Mount Royal 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: $0
For more financial information, click here
What is the mission statement of 1512 Mount Royal Inc?
1512 Mount Royal Inc's mission is centered around providing affordable housing for individuals who are financially disadvantaged and either live with HIV or have AIDS. This organization is committed to supporting this specific population, ensuring they have access to safe and affordable living spaces. Furthermore, the organization extends its services to non-elderly individuals with disabilities, demonstrating a broad scope of inclusivity.
Who is the CEO of 1512 Mount Royal Inc?
Anthony I Butler is the CEO of 1512 Mount Royal Inc The CEO's salary of 1512 Mount Royal Inc is $0 and their total compensation is $175,720.
What is the revenue of 1512 Mount Royal Inc?
1512 Mount Royal Inc's revenue in 2021 was $73,036.
Who are the executives of 1512 Mount Royal Inc and what are their salaries?
There 12 volunteers at 1512 Mount Royal Inc.
Here are 10 key members and their salaries (1512 Mount Royal Inc's CEO's salary is $0 and their total compensation is $175,720):
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $42,052
- Other: $4,232
- Compensation: $0
- Related: $166,423
- Other: $9,297
- Compensation: $0
- Related: $50,814
- Other: $2,882
Where can I find the form 990 for 1512 Mount Royal Inc?
1512 Mount Royal Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 1512 Mount Royal Inc
1512 Mount Royal Inc is dedicated to providing affordable housing for individuals who are living with HIV or AIDS and have low incomes. This nonprofit organization's mission is to offer a safe and supportive living environment for these individuals, ensuring they have access to necessary resources and care. Its primary goal is to accommodate non-elderly individuals with disabilities, providing them with a place to call home during their challenging times. The organization's focus on affordable housing is an essential aspect of its mission, ensuring that those in need have access to a stable living situation without the financial strain often associated with housing costs.
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Impact
August, 2024
1512 Mount Royal Inc's impact is significant in providing affordable housing for low-income individuals who are HIV positive or have AIDS in Baltimore, MD. By offering a stable living environment for this vulnerable population, the organization plays a crucial role in supporting the health and well-being of those in need. Additionally, their focus on providing housing for low-income individuals who are non-elderly with disabilities addresses a specific gap in the housing market and ensures that those facing multiple challenges have a safe place to call home. Through their mission-driven work, 1512 Mount Royal Inc positively impacts the lives of individuals in Baltimore by providing essential housing support and promoting community health and stability.
This information is meant to be a general summary of 1512 Mount Royal 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 2021.
- Investment Income: $6
- Program Service Revenue: $73,030
- Gross Receipts: $73,036
Assets and Liabilities:
- Total Assets: $1,217,852
- Total Liabilities: $1,464,429
- Net Assets: -$246,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$15,972
SUBSIDY RENTS
Revenue
$57,048
Organization Details
Founding Year
2007
Principal Officer
Anthony I Butler
NTEE Category
Code: L21 - Housing
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