Overview
What is Penn-Mar Development Corporation?
Penn-Mar Development Corporation is a nonprofit organization situated in Freeland, Maryland. Its primary mission is to support and facilitate the charitable and educational purposes of Penn-Mar Organization, Inc. (of MD) and Penn-Mar Organization, Inc. (of PA). This includes administering funds, establishing and maintaining programs, and providing supervision and coordination for individuals with developmental disabilities. Penn-Mar offers residential programs, offering living quarters to those participating in its programs. The corporation's activities are centered around enhancing the lives of people with developmental disabilities by providing them with a supportive environment and essential resources.
Official website here: www.penn-mar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Penn-Mar Development Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in the area of Accountability & Finance. The organization boasts a fully independent board, with all members meeting this criterion, and has reported no material diversion of assets. Additionally, its program expense ratio is exemplary at 100%, indicating that all expenditures are directed towards its mission-related activities.
However, there are notable weaknesses in the governance practices of Penn-Mar Development Corporation. Specifically, the organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are critical for ensuring transparency and ethical operations. This gap in governance policies results in a lower score in these areas, which impacts the overall assessment of the nonprofit.
Despite these shortcomings, the organization's focus on accountability, as evidenced by its high performance in several key metrics, demonstrates a commitment to responsible financial management. Stakeholders may view the lack of certain policies as an area for improvement, but the overall financial health of the organization suggests it is effectively utilizing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Penn-Mar Development Corporation legitimate?
Penn-Mar Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn-Mar Development Corporation 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: $0
For more financial information, click here
Official website here: www.penn-mar.org
What is the mission statement of Penn-Mar Development Corporation?
Penn-Mar Development Corporation's mission is centered around supporting the charitable and educational purposes of two organizations, Penn-Mar Organization, Inc. (of MD) and Penn-Mar Organization, Inc. (of PA). The corporation receives and administers funds, establishes and maintains programs for individuals with developmental disabilities, and performs various planning and functional tasks. Penn-Mar Organization, Inc. provides residential programs for these individuals, offering living quarters within these programs. The overall goal is to carry out these charitable and educational purposes, aiming to improve the lives of those with developmental disabilities.
Official website here: www.penn-mar.org
Who is the CEO of Penn-Mar Development Corporation?
Michael Mahon is the Secretary of Penn-Mar Development Corporation. The CEO's salary of Penn-Mar Development Corporation is $0 and their total compensation is $323,354.
Official website here: www.penn-mar.org
What is the revenue of Penn-Mar Development Corporation?
Penn-Mar Development Corporation's revenue in 2022 was $31,500.
Official website here: www.penn-mar.org
Who are the executives of Penn-Mar Development Corporation and what are their salaries?
Here are 6 key members and their salaries (Penn-Mar Development Corporation's CEO's salary is $0 and their total compensation is $323,354):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $323,354
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $178,539
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.penn-mar.org
Where can I find the form 990 for Penn-Mar Development Corporation?
Penn-Mar Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penn-mar.org
Learn more at the official website: www.penn-mar.org
Mission Statement of Penn-Mar Development Corporation
Penn-Mar Development Corporation is an organization dedicated to receiving and administering funds for charitable and educational purposes. Its primary mission is to establish, maintain, supervise, coordinate, assist, and perform planning and other functions for Penn-Mar Organization, Inc. of Maryland and Penn-Mar Organization, Inc. of Pennsylvania. This nonprofit organization specializes in providing residential programs for individuals with developmental disabilities. By purchasing property and providing or renting living quarters, Penn-Mar Development Corporation offers a supportive environment where these individuals can participate in the programs offered by Penn-Mar Organization, Inc. of Maryland and Penn-Mar Organization, Inc. of Pennsylvania. The goal of Penn-Mar Development Corporation is to support and empower individuals with developmental disabilities, enabling them to lead fulfilling lives.
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Impact
October, 2024
Penn-Mar Development Corporation significantly impacts the lives of individuals with developmental disabilities by facilitating essential housing and support services. By acquiring and managing properties specifically for residential programs, it ensures that individuals have access to safe and supportive living environments.
The organization actively administers funds and coordinates various planning and operational functions, which helps sustain and enhance the programs offered by Penn-Mar Organization, Inc. This includes providing and renting living quarters tailored to the needs of individuals participating in these programs.
Through its focused efforts, Penn-Mar Development Corporation plays a crucial role in fostering independence and promoting quality of life for persons with developmental disabilities in Maryland and Pennsylvania. By creating stable residences and supporting community integration, it enables individuals to thrive and leads to a more inclusive society.
This information is meant to be a general summary of Penn-Mar Development Corporation. 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.
- Program Service Revenue: $31,500
- Gross Receipts: $31,500
Assets and Liabilities:
- Total Assets: $618,852
- Total Liabilities: $178,454
- Net Assets: $440,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & BOARD
Revenue
$31,500
Organization Details
Founding Year
1999
Phone
(410) 343-1069Principal Officer
Michael Mahon
Main Address
310 OLD FREELAND ROAD, FREELAND, MD, 21053
Website
www.penn-mar.orgNTEE Category
Code: L11 - Housing
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