Overview
What is Mt Sinai Housing Development Corp Ii?
Mt Sinai Housing Development Corp II is a nonprofit organization, specifically recognized as MT Sinai Manor, situated in New Orleans, Louisiana. Their primary focus is on assisting elderly and low-income individuals, providing them with 60 rental units. This housing project is home to an equal number of families who meet the organization's qualifying criteria. The organization's mission revolves around offering affordable housing solutions to this specific demographic, contributing to the local community's well-being. With a modest workforce of three individuals, Mt Sinai Housing Development Corp II continues to serve its purpose in the city of New Orleans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Mt Sinai Housing Development Corp II has received a 79% rating from Charity Navigator, signifying a solid performance in accountability and finance. The charity's score is derived entirely from their Accountability & Finance metrics, reflecting a strong emphasis on transparency and responsible financial management.
The organization boasts several strengths, including a fully independent board with ten members, which contributes positively to its governance. Additionally, it has implemented robust policies for conflict of interest, whistleblower protection, and document retention, all of which are crucial for maintaining ethical standards. The charity's program expense ratio is impressive at 88.74%, indicating that a significant portion of its resources is devoted to its mission-driven activities.
Despite its strengths, the overall score is solely based on financial accountability, and there are no additional beacons that assess other areas such as impact or community engagement. This focus may limit a more comprehensive evaluation of the charity's overall effectiveness and reach within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Sinai Housing Development Corp Ii legitimate?
Mt Sinai Housing Development Corp Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Sinai Housing Development Corp Ii 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: $69,597
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What is the mission statement of Mt Sinai Housing Development Corp Ii?
Mt Sinai Housing Development Corp II is dedicated to serving a specific population. Its mission is centered around providing affordable housing for elderly individuals and families who fall under the qualifying income standards. The organization's primary program involves the construction and management of housing facilities, accommodating a total of 60 families. Their goal is to ensure that these individuals have access to suitable living spaces, thereby contributing to their overall well-being.
Who is the CEO of Mt Sinai Housing Development Corp Ii?
Dr Carl Small is the Vice President of Mt Sinai Housing Development Corp Ii.
What is the revenue of Mt Sinai Housing Development Corp Ii?
Mt Sinai Housing Development Corp Ii's revenue in 2021 was $513,415.
Who are the executives of Mt Sinai Housing Development Corp Ii and what are their salaries?
The average compensation at Mt Sinai Housing Development Corp Ii during 2021 was $23,199. There are 3 employees at Mt Sinai Housing Development Corp Ii.
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Where can I find the form 990 for Mt Sinai Housing Development Corp Ii?
Mt Sinai Housing Development Corp Ii's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Mt Sinai Housing Development Corp Ii
Mt Sinai Housing Development Corp II is a nonprofit organization dedicated to providing elderly and low-income individuals with housing opportunities. Their sole mission is to offer suitable facilities for those who meet the qualifying standards, ensuring that they have access to a secure living environment. The organization operates a project that houses 60 families, providing them with much-needed accommodation. By offering elderly and low-income housing, Mt Sinai Housing Development Corp II plays a significant role in supporting vulnerable communities, enabling them to maintain a stable living situation and focus on other aspects of their lives.
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Impact
July, 2024
Mt Sinai Housing Development Corp II provides vital housing opportunities for elderly and low-income individuals in New Orleans. By offering 60 rental units to qualifying families, this organization directly addresses the pressing need for affordable housing in the community. Their impact can be seen in the improved quality of life and stability provided to those who benefit from their housing program.
This information is meant to be a general summary of Mt Sinai Housing Development Corp Ii. 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 2021.
- Program Service Revenue: $513,415
- Gross Receipts: $513,415
Assets and Liabilities:
- Total Assets: $3,719,746
- Total Liabilities: $4,283,263
- Net Assets: -$563,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$507,283
INTEREST INCOME
Revenue
$885
OTHER INCOME
Revenue
$5,247
Organization Details
Founding Year
1998
Principal Officer
Dr Carl Small
Main Address
1214 SO ROBERTSON ST, New Orleans, LA, 70113
NTEE Category
Code: L22Z - Housing
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