Overview
What is Mibor Foundation Inc?
Mibor Foundation Inc, located in Indianapolis, Indiana, is a charitable organization dedicated to aiding individuals and families struggling with homelessness in the Central Indiana region. The foundation's mission is to raise funds and foster support for organizations that help transition these individuals from inadequate or unsafe housing to secure and safe living situations. The foundation's grant recipients, which range from victims of domestic violence to individuals with medical needs, are in need of a helping hand. By providing financial assistance, Mibor Foundation Inc plays a crucial role in positively impacting the lives of Central Indiana's homeless population.
Official website here: www.realtorfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
The Mibor Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 88% overall, with its rating derived entirely from its Accountability & Finance metrics. This scoring highlights the foundation's commitment to transparency and responsible management of resources.
Strengths of the Mibor Foundation include a fully independent board with 16 members, a complete absence of material diversion of assets, and comprehensive governance policies in place. Additionally, the organization demonstrates a strong financial footing, as reflected in its low liabilities to assets ratio of 8.02%, which signifies effective management of obligations.
However, the organization has room for improvement, particularly in its Program Expense Ratio, which stands at 62.89%. This indicates that while a significant portion of its expenses goes towards programs, there may be potential for enhancing programmatic efficiency and impact. Overall, the Mibor Foundation Inc shows a commendable commitment to accountability and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mibor Foundation Inc legitimate?
Mibor Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mibor Foundation 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: $193,188
For more financial information, click here
Official website here: www.realtorfoundation.org
What is the mission statement of Mibor Foundation Inc?
The Mibor Foundation Inc's mission is centered around assisting organizations that work towards transitioning individuals in Central Indiana out of homelessness or substandard housing, into permanent solutions that significantly improve their living conditions. The foundation's primary objective is to raise funds and foster support for these organizations. The Realtor Foundation, as a part of Mibor, supports various non-profits in Central Indiana, providing aid to individuals facing diverse challenges such as domestic violence victims, individuals with medical needs, and entire families, who merely require a helping hand to secure safe and secure housing.
Official website here: www.realtorfoundation.org
Who is the CEO of Mibor Foundation Inc?
Shelley Specchio is the Director of Mibor Foundation Inc.
Official website here: www.realtorfoundation.org
What is the revenue of Mibor Foundation Inc?
Mibor Foundation Inc's revenue in 2022 was $497,337.
Official website here: www.realtorfoundation.org
Who are the executives of Mibor Foundation Inc and what are their salaries?
There 100 volunteers at Mibor Foundation Inc.
Here are 17 key members and their salaries:
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- Related: $313,018
- Other: $50,913
Official website here: www.realtorfoundation.org
Where can I find the form 990 for Mibor Foundation Inc?
Mibor Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.realtorfoundation.org
Learn more at the official website: www.realtorfoundation.org
Mission Statement of Mibor Foundation Inc
Mibor Foundation Inc is dedicated to assisting individuals in Central Indiana who are currently experiencing homelessness or reside in inadequate or unsafe housing. The organization's mission is to provide these individuals with a pathway to secure, permanent housing solutions that will significantly improve their lives. To accomplish this, Mibor Foundation Inc raises funds and advocates for organizations that are committed to transitioning homeless individuals in the Central Indiana region to safe and secure housing. The foundation's grant recipients, including victims of domestic violence, individuals with medical needs, and entire families, all require a helping hand to overcome their housing challenges.
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Impact
July, 2024
Mibor Foundation Inc's impact is evident in its efforts to transition Central Indiana individuals from homelessness or inadequate and unsafe housing to permanent solutions that positively change their lives. The organization supports various nonprofits in Central Indiana that serve and house homeless individuals, including victims of domestic violence, men with medical needs, and entire families. By raising funds and fostering support for these organizations, Mibor Foundation Inc plays a key role in helping to provide a helping hand to those in need, ultimately working towards a goal of safe and secure housing for the homeless population in Central Indiana.
This information is meant to be a general summary of Mibor Foundation 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: $41,540
- Gross Receipts: $626,385
Assets and Liabilities:
- Total Assets: $2,353,215
- Total Liabilities: $188,939
- Net Assets: $2,164,276
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Organization Details
Founding Year
1984
Phone
(317) 956-5000Principal Officer
Shelley Specchio
Main Address
1912 N MERIDIAN STREET, INDIANAPOLIS, IN, 46202
Website
www.realtorfoundation.orgNTEE Category
Code: Z99 - Unknown
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