Overview
What is Marian Manor Inc?
Marian Manor Inc, located in Louisville, Kentucky, is a nonprofit organization that specializes in providing residential apartments for low and moderate-income families. The organization receives governmental subsidies to make housing more affordable for these families. Their primary mission revolves around renting apartments to individuals and families who fall under this income bracket, ensuring they have access to stable housing. The organization plays a crucial role in the community by offering housing solutions that are financially manageable, contributing to the well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects a focus entirely on Accountability & Finance metrics, indicating that while the organization demonstrates a commitment to financial transparency, there may be other aspects of effectiveness not captured in this singular score.
Marian Manor Inc has shown strengths in its governance structure, with a fully independent board and no reported material diversions of assets. The organization maintains high standards in documenting board meeting minutes and has a solid liabilities-to-assets ratio, showcasing financial stability. Additionally, the program expense ratio is strong at 88.16%, indicating that a significant portion of its funds is directed towards its programs.
However, the overall Two-Star rating suggests that there may be areas for improvement that the current financial metrics do not fully address. While the accountability and finance aspects are commendable, the organization may want to consider enhancing its overall performance and impact metrics to provide a more comprehensive view of its effectiveness and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Marian Manor Inc legitimate?
Marian Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marian 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:
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What is the mission statement of Marian Manor Inc?
Marian Manor Inc's mission is centered around providing residential apartments to families with modest incomes. This is made possible through the support of various governmental programs. The organization's primary objective is to offer affordable housing solutions to these families, thereby contributing to their overall well-being. The apartments are subsidized, ensuring that those in need can secure a place to call home without straining their limited financial resources. Marian Manor Inc's mission is instrumental in providing housing stability and promoting social equity.
Who is the CEO of Marian Manor Inc?
David Dutschke is the President of Marian Manor Inc.
What is the revenue of Marian Manor Inc?
Marian Manor Inc's revenue in 2023 was $140,658.
Who are the executives of Marian Manor Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Marian Manor Inc?
Marian Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marian Manor Inc
Marian Manor Inc, as a nonprofit organization, is dedicated to providing residential apartments for families with low and moderate incomes. These families receive subsidies from governmental programs, allowing them to afford housing. The mission of Marian Manor Inc is to make a significant impact in the community by offering affordable housing solutions, thereby enhancing the living standards of its residents. By subsidizing the rent, the organization ensures that families who might otherwise struggle to secure a decent place to live can have a stable living environment. This, in turn, contributes to the overall well-being and stability of the community.
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Impact
October, 2024
Marian Manor Inc plays a significant role in providing stable housing for low and moderate-income families in Louisville, KY. By offering residential rental apartments that are subsidized through governmental programs, Marian Manor ensures that these families have access to affordable housing options that meet their needs.
This impact is crucial in a society where housing costs can often be a barrier to economic stability. By alleviating the financial burden associated with housing, Marian Manor helps families to focus on other critical areas of their lives, such as education, employment, and health. Moreover, by fostering a supportive community environment, Marian Manor contributes to the overall well-being of its residents, enabling them to thrive and improve their socio-economic circumstances.
Through its dedicated efforts, Marian Manor Inc not only addresses immediate housing challenges but also enhances the quality of life for its tenants, creating a more inclusive and equitable community in Louisville.
This information is meant to be a general summary of Marian 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: $4
- Program Service Revenue: $140,654
- Gross Receipts: $140,658
Assets and Liabilities:
- Total Assets: $660,052
- Total Liabilities: $44,329
- Net Assets: $615,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$140,654
Organization Details
Founding Year
1996
Phone
(859) 276-5388Principal Officer
David Dutschke
Main Address
1228 BRECKENRDIGE ST, LOUISVILLE, KY, 40204
NTEE Category
Code: L22 - Housing
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