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Montclair Housing Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330632974 ✦ Montclair, CA ✦ Designated as a 501(c)(3)

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Overview

What is Montclair Housing Corporation?

Montclair Housing Corporation is a nonprofit organization situated in Montclair, California. Its primary mission is to enhance and preserve the availability of affordable housing within the city, catering to families with low to very low incomes. The corporation manages a total of 98 housing units, which are under the ownership of the Montclair Housing Authority. These units are leased out to more than 300 adults and children who fall under the income bracket of low income. In addition to this, the corporation aims to offer resources to aid citizens in securing entry-level housing.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%, Four-Star out of Four Star rating.

Montclair Housing Corporation has received a strong endorsement with a 94% score from Charity Navigator, reflecting its high standards in accountability and finance. The organization has fulfilled all criteria in its evaluation, demonstrating effective governance and transparency. A notable strength is its fully independent board, which ensures that there are no conflicts of interest, further bolstering trust among stakeholders.

The nonprofit's financial health is also commendable, with an outstanding program expense ratio of 99.75%. This indicates that nearly all funds are directed towards its programs, maximizing the impact of donations. Furthermore, the organization has robust policies in place, including conflict of interest and whistleblower protections, which enhance its accountability and ethical practices.

Despite its impressive ratings, the summary does not highlight any specific limitations, suggesting that Montclair Housing Corporation operates effectively and is well-regarded in its financial practices. Overall, this rating reflects a commitment to transparency and responsible management of resources, making it a strong candidate for donor support.


This AI summary has been generated from information found on Charity Navigator.

Is Montclair Housing Corporation legitimate?

Montclair Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair Housing 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

What is the mission statement of Montclair Housing Corporation?

The Montclair Housing Corporation's mission is centered around enhancing and preserving the availability of affordable housing for its community. It aims to assist its citizens in securing entry-level housing. The corporation operates a housing inventory, providing homes for families categorized as very low to low income, totaling over 300 individuals. The organization's activities also involve offering resources to support its citizens in their housing endeavors.

Who is the CEO of Montclair Housing Corporation?

Andrea Myrick is the Secretary of Montclair Housing Corporation.

What is the revenue of Montclair Housing Corporation?

Montclair Housing Corporation's revenue in 2023 was $1,029,258.

Who are the executives of Montclair Housing Corporation and what are their salaries?


Here are 8 key members and their salaries:


Tenice Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Ruh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corysa Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Ben Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J John Dutrey (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward C Starr (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Myrick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Kulbeck (Dir. Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Montclair Housing Corporation?

Montclair Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Montclair Housing Corporation

Montclair Housing Corporation is dedicated to enhancing the availability and quality of affordable housing within its community. Its primary mission is to augment and maintain an inventory of affordable housing units, catering to families with low to very low incomes. The corporation strives to provide the necessary resources to assist its citizens in securing entry-level housing, thereby contributing to a more inclusive and equitable living environment. Through its operations, Montclair Housing Corporation manages 98 housing units, all rented by families who fall within the low-income bracket, ensuring that housing remains accessible and affordable for over 300 adults and children.

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Impact




October, 2024

Montclair Housing Corporation plays a crucial role in enhancing the affordable housing landscape in Montclair, California. By focusing on increasing, improving, and preserving the affordable housing inventory, the corporation directly addresses the needs of very low to low-income families within the community. With a total of 98 housing units available, the corporation supports over 300 residents, including adults and children, ensuring that they have access to stable housing.

The impact is multifaceted: not only does it provide shelter, but it also creates a sense of community and belonging for families who otherwise might struggle to find affordable options. Additionally, the corporation offers resources that help citizens navigate the process of acquiring entry-level housing, empowering them to achieve stability and security. Through these efforts, Montclair Housing Corporation significantly contributes to the economic and social well-being of the Montclair community.




This information is meant to be a general summary of Montclair Housing 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.

Revenue
$1,029,258 (2023)
2014201520162017201820192020202120222023$0$350k$700k$1.05M$1.4M
Expenses
$1,246,209 (2023)
2014201520162017201820192020202120222023$0$350k$700k$1.05M$1.4M
Efficiency
20142015201620172018201920202021202220230%7%14%21%32%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $35,677
  • Gross Receipts: $1,029,258

Assets and Liabilities:

  • Total Assets: $1,949,137
  • Total Liabilities: $153,393
  • Net Assets: $1,795,744

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Organization Details

Founding Year

1993

Principal Officer

Andrea Myrick

Main Address

5111 BENITO STREET, MONTCLAIR, CA, 91763

NTEE Category

Code: B30 - Education

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