Overview
What is Margaret Ford Manor Ltd?
Margaret Ford Manor Ltd is a nonprofit organization situated in Chicago, Illinois, specifically at 4500 S Wabash Avenue. Their primary mission is to offer affordable housing to low-income elderly and disabled residents. The organization manages a 60-unit housing project, ensuring that these individuals have a secure and suitable living environment within their means. With a dedicated workforce of ten employees, Margaret Ford Manor Ltd is committed to promoting housing equality and fostering a comfortable living situation for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Margaret Ford Manor Ltd has received a 79% rating from Charity Navigator, which translates to a Three-Star rating. This score reflects a strong focus on accountability and finance, as the overall rating is based solely on one beacon score in this category. The organization has shown commendable transparency and sound financial practices, indicating a solid foundation for operating effectively.
The charity boasts a fully independent board with all eight members meeting the criteria for independence, which is a positive indicator of governance. Additionally, it scores well in several areas related to accountability, such as maintaining a conflict of interest policy and a whistleblower policy, both of which are essential for ethical management. The program expense ratio stands at an impressive 84.79%, suggesting that a significant portion of funds is directed toward its programs.
Despite its strengths, the rating does not indicate any areas of significant concern or limitations, focusing instead on the charity’s robust governance and financial practices. Overall, Margaret Ford Manor Ltd is positioned as a responsible organization committed to accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Margaret Ford Manor Ltd legitimate?
Margaret Ford Manor Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret Ford Manor Ltd 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: $168,369
For more financial information, click here
What is the mission statement of Margaret Ford Manor Ltd?
Margaret Ford Manor Ltd is committed to providing affordable housing for individuals who fall under the categories of low and moderate income elderly and disabled residents. The organization's mission encompasses operating and maintaining a 60-unit housing project, ensuring that these individuals have access to affordable living accommodations. By doing so, Margaret Ford Manor Ltd aims to contribute positively to the community by providing a much-needed service, thereby enhancing the living standards of its targeted population.
Who is the CEO of Margaret Ford Manor Ltd?
Pastor Kevin A Ford is the President of Margaret Ford Manor Ltd.
What is the revenue of Margaret Ford Manor Ltd?
Margaret Ford Manor Ltd's revenue in 2022 was $931,883.
Who are the executives of Margaret Ford Manor Ltd and what are their salaries?
The average compensation at Margaret Ford Manor Ltd during 2022 was $16,837. There are 10 employees at Margaret Ford Manor Ltd.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Margaret Ford Manor Ltd?
Margaret Ford Manor Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Margaret Ford Manor Ltd
Margaret Ford Manor Ltd, a nonprofit organization, is dedicated to providing affordable housing solutions for low and moderate income elderly and disabled residents. This mission is executed through the operation of a 60-unit housing project, which serves as a home for these individuals in need. The organization's primary goal is to ensure that elderly and disabled residents have access to affordable housing, thereby providing them with a secure and comfortable living environment. By focusing on this population, Margaret Ford Manor Ltd is committed to supporting and empowering some of society's most vulnerable members.
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Impact
October, 2024
Margaret Ford Manor Ltd plays a crucial role in ensuring that low and moderate-income elderly and disabled residents have access to affordable housing in Chicago. By owning and operating a 60-unit housing project, the organization addresses a significant need in the community for safe and affordable living conditions. This initiative not only alleviates the financial burden on vulnerable populations but also fosters a sense of community and belonging among residents. The provision of stable housing contributes to improved quality of life and well-being, allowing individuals to maintain their independence and dignity while accessing essential support services. Overall, Margaret Ford Manor Ltd's impact extends beyond housing; it supports social inclusion and enhances the overall resilience of the community it serves.
This information is meant to be a general summary of Margaret Ford Manor Ltd. 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: $121
- Program Service Revenue: $919,233
- Gross Receipts: $931,883
Assets and Liabilities:
- Total Assets: $2,906,339
- Total Liabilities: $5,022,317
- Net Assets: -$2,115,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Rental Revenue
Revenue
$919,233
Organization Details
Founding Year
1997
Principal Officer
Pastor Kevin A Ford
Main Address
4500 S Wabash Avenue, CHICAGO, IL, 60653
NTEE Category
Code: L22 - Housing
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