Overview
What is Betty Jane Malone Homes Inc?
Betty Jane Malone Homes Inc is a nonprofit organization, headquartered in Frederick, Maryland, dedicated to offering affordable housing solutions for individuals struggling with chronic mental disabilities. In alignment with its tax-exempt status, the organization operates under Section 811 of the National Affordable Housing Act, providing suitable housing accommodations to those in need. The primary mission of Betty Jane Malone Homes Inc is to enhance the living conditions and promote independence for the chronically mentally disabled population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
The charity has received a low rating of 55%, which indicates significant concerns regarding its accountability and financial practices. While it scores well in some areas such as having a majority of independent board members and a strong program expense ratio, it falls short in critical transparency measures and governance policies. The absence of essential documents on its website and lack of conflict of interest and whistleblower policies highlight notable weaknesses in its operational practices.
Strengths include a solid program expense ratio, which suggests a focus on its mission-related activities. The board composition is commendable, with all members being independent, which is critical for unbiased governance. However, the overall effectiveness of the organization may be undermined by the lack of transparency and insufficient policies that safeguard against potential conflicts and ensure accountability.
The limitations noted in the evaluation suggest that the organization may need to enhance its governance frameworks and improve its transparency to regain trust and improve its rating. Addressing these issues could lead to a stronger operational foundation and better outcomes for the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Betty Jane Malone Homes Inc legitimate?
Betty Jane Malone Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Betty Jane Malone Homes 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 Betty Jane Malone Homes Inc?
Betty Jane Malone Homes Inc. is dedicated to providing affordable housing for individuals who are chronically mentally disabled, in line with Section 811 of the National Affordable Housing Act. The organization's mission is centered around ensuring that these individuals have access to suitable housing. This is accomplished through the operation that adheres to their tax-exempt status. The primary goal is to offer affordable housing solutions, thereby enhancing the living conditions of the chronically mentally disabled population.
Who is the CEO of Betty Jane Malone Homes Inc?
Sarah Norman is the President of Betty Jane Malone Homes Inc.
What is the revenue of Betty Jane Malone Homes Inc?
Betty Jane Malone Homes Inc's revenue in 2022 was $44,422.
Who are the executives of Betty Jane Malone Homes Inc and what are their salaries?
There 5 volunteers at Betty Jane Malone Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- 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 Betty Jane Malone Homes Inc?
Betty Jane Malone Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Betty Jane Malone Homes Inc
Betty Jane Malone Homes Inc is an organization dedicated to providing affordable housing for individuals living with chronic mental disabilities. In line with Section 811 of the National Affordable Housing Act, this nonprofit aims to offer a safe and comfortable living environment for those who might otherwise face housing challenges due to their mental health conditions. By providing such housing, Betty Jane Malone Homes Inc contributes to enhancing the quality of life for these individuals, enabling them to live independently and with dignity. The organization operates under tax-exempt status, further strengthening its commitment to providing affordable housing solutions for the chronically mentally disabled.
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Impact
August, 2024
Betty Jane Malone Homes Inc's impact lies in providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. By offering housing solutions that cater to this vulnerable population, the organization is contributing to improving their quality of life and ensuring they have a stable and supportive living environment. Through its mission of facilitating affordable housing for the chronically mentally disabled, Betty Jane Malone Homes Inc is addressing a critical societal need and making a positive difference in the lives of those facing unique challenges.
This information is meant to be a general summary of Betty Jane Malone Homes 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
- Program Service Revenue: $44,418
- Gross Receipts: $44,422
Assets and Liabilities:
- Total Assets: $966,827
- Total Liabilities: $1,035,471
- Net Assets: -$68,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$44,418
Organization Details
Founding Year
2009
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L21 - Housing
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