Overview
What is Main Street Baptist Manor Inc?
Main Street Baptist Manor Inc, situated in Lexington, Kentucky, is a nonprofit organization committed to offering affordable housing to the elderly and disabled. With the support of the U.S. Department of Housing and Urban Development (HUD), the organization makes 63 units available for these individuals. Many tenants receive financial assistance from HUD to cover housing expenses. The primary mission of Main Street Baptist Manor Inc is to contribute to the provision of affordable living spaces for this particular group of individuals, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Main Street Baptist Manor Inc has received a Two-Star rating from Charity Navigator, primarily driven by its Accountability & Finance score. The organization demonstrates a strong commitment to governance with a fully independent board and robust financial oversight measures in place. They have a high program expense ratio, indicating that a significant portion of their funds is directed towards program services.
Despite these strengths, the organization faces challenges reflected in its liabilities to assets ratio, which earned a low score. This suggests that while they are managing their programs effectively, there may be concerns regarding their overall financial stability. While the governance structure is commendable, potential donors should consider these financial limitations when assessing the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Baptist Manor Inc legitimate?
Main Street Baptist Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Baptist Manor 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: $227,807
For more financial information, click here
What is the mission statement of Main Street Baptist Manor Inc?
Main Street Baptist Manor Inc's mission is centered around assisting in the provision of affordable housing for the elderly and disabled individuals. Through their efforts, they make 63 units available to these individuals, with support from the HUD. Many tenants at Main Street Baptist Manor Inc receive housing assistance payments from HUD, enabling them to reside in these affordable accommodations. The organization's mission aligns with the goal of ensuring that elderly and disabled individuals have access to suitable and budget-friendly housing options.
Who is the CEO of Main Street Baptist Manor Inc?
Rorger W Cornelius is the President of Main Street Baptist Manor Inc.
What is the revenue of Main Street Baptist Manor Inc?
Main Street Baptist Manor Inc's revenue in 2023 was $2,070,317.
Who are the executives of Main Street Baptist Manor Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Main Street Baptist Manor Inc?
Main Street Baptist Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Main Street Baptist Manor Inc
Main Street Baptist Manor Inc is committed to assisting in providing affordable housing options for elderly and disabled individuals. Their mission, as stated, is centered around this objective. By making 63 units available, Main Street Baptist Manor Inc plays a significant role in addressing the housing needs of this vulnerable population. With the aid of the HUD, they offer housing assistance payments to many of their tenants, further enhancing their ability to provide affordable living spaces. In essence, Main Street Baptist Manor Inc is dedicated to improving the living conditions of elderly and handicapped individuals by offering them affordable housing options.
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Impact
October, 2024
Main Street Baptist Manor Inc plays a vital role in enhancing the quality of life for elderly and disabled individuals in Lexington, KY, by providing access to affordable housing. With 63 units available, it offers a secure and supportive living environment designed to meet the unique needs of its residents. Many tenants benefit from housing assistance payments through HUD, ensuring that financial barriers do not hinder their access to safe and stable accommodation.
This initiative helps foster a sense of community among residents, promoting social interaction and support networks that are crucial for well-being, particularly among vulnerable populations. By addressing housing insecurity, Main Street Baptist Manor Inc not only provides shelter but also contributes to the overall stability and independence of elderly and disabled individuals, thereby making a significant impact on their lives and the community as a whole.
This information is meant to be a general summary of Main Street Baptist Manor 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 2023.
- Investment Income: $41
- Program Service Revenue: $200,244
- Gross Receipts: $2,070,317
Assets and Liabilities:
- Total Assets: $2,270,158
- Total Liabilities: $1,867,686
- Net Assets: $402,472
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENT
Revenue
$200,244
Organization Details
Founding Year
1986
Phone
(859) 225-3334Principal Officer
Rorger W Cornelius
Main Address
125-C TRADE STREET, LEXINGTON, KY, 40511
NTEE Category
Code: L20Z - Housing
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