Overview
What is Morgandale Commons Inc?
Morgandale Commons Inc is a nonprofit organization situated in Warren, Ohio, dedicated to serving the needs of elderly and disabled individuals. Their primary mission is to offer them affordable housing facilities, ensuring suitable living arrangements within their community. Morgandale Commons specifically focuses on providing low-income housing options for the disabled population in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 65%)
Morgandale Commons Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 65% reflects both strengths and weaknesses in its accountability and financial practices, which are essential for donor confidence and organizational effectiveness.
One of the notable strengths of Morgandale Commons is its governance structure, which features a fully independent board, as evidenced by 100% independent board members. Moreover, the organization has a solid program expense ratio of 79.47%, indicating that a substantial portion of its funds is directed toward its mission-related activities. However, critical policies such as a whistleblower policy and a document retention and destruction policy are missing, which raises concerns about transparency and accountability.
Financially, Morgandale Commons faces challenges, particularly with a liabilities to assets ratio of 131.85%, indicating that its liabilities exceed its assets. This financial strain could impact its operations and sustainability moving forward. Overall, while the organization demonstrates strong governance and program execution, it must address its policy gaps and financial issues to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Morgandale Commons Inc legitimate?
Morgandale Commons Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgandale Commons 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.
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What is the mission statement of Morgandale Commons Inc?
Morgandale Commons Inc, as an organization, is dedicated to serving elderly or disabled individuals by providing them with affordable housing facilities. Their mission is to ensure that these individuals have suitable living arrangements within their capacity. The organization focuses its programs on offering low-income housing specifically for disabled persons, aiming to make a positive impact in their living situations. By providing affordable housing, Morgandale Commons Inc seeks to enhance the quality of life for these individuals, offering them a sense of independence and dignity in their living arrangements.
Who is the CEO of Morgandale Commons Inc?
Gilbert L Rieger is the President of Morgandale Commons Inc.
What is the revenue of Morgandale Commons Inc?
Morgandale Commons Inc's revenue in 2022 was $69,844.
Who are the executives of Morgandale Commons Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Morgandale Commons Inc?
Morgandale Commons Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morgandale Commons Inc
Morgandale Commons Inc, a nonprofit organization, is committed to providing affordable housing facilities for elderly or disabled individuals. With a mission to cater to this specific population, the organization strives to offer suitable living arrangements that are within their financial means. The programs of Morgandale Commons Inc are tailored towards low income housing for disabled persons, thereby ensuring that these individuals have access to safe and affordable housing options.
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Impact
August, 2024
Morgandale Commons Inc's impact can be seen in the provision of affordable housing facilities for elderly and disabled individuals in the Warren, Ohio area. By focusing on offering low-income housing options for these vulnerable populations, the organization is directly addressing the housing needs of those who may have limited resources. This support can significantly improve the quality of life for elderly and disabled individuals who require suitable living arrangements. Through their mission, Morgandale Commons Inc is making a tangible difference in the community by ensuring that these individuals have access to safe and affordable housing options.
This information is meant to be a general summary of Morgandale Commons 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: $86
- Program Service Revenue: $69,758
- Gross Receipts: $69,844
Assets and Liabilities:
- Total Assets: $1,265,842
- Total Liabilities: $1,596,055
- Net Assets: -$330,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$69,620
Other Tenant Income
Revenue
$138
Organization Details
Founding Year
2010
Phone
(330) 369-1533Principal Officer
Gilbert L Rieger
Main Address
4076 Youngstown Road SE, Warren, OH, 44484
NTEE Category
Code: L21 - Housing
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