Overview
What is Millennium Housing Corporation?
Millennium Housing Corporation is a nonprofit organization committed to providing affordable housing for low and moderate-income individuals. By offering affordable housing, the organization reduces the burden on local governments, combats community blight, and promotes social welfare. To enhance the living experience for its residents, Millennium Housing Corporation empowers them to take an active role in budget and management decisions and provides superior maintenance and services. This ensures that the communities remain valuable sources of quality housing.
Official website here: www.millenniumhousing.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Millennium Housing Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance practices. The organization demonstrates a strong commitment to transparency, with a fully independent board and effective oversight measures in place. It has also scored well in several areas, including financial statements and conflict of interest policies.
However, the rating is impacted by some limitations, particularly in the area of financial health. The liabilities to assets ratio is notably high at 95.30%, indicating potential financial risk. Additionally, while the organization has a high program expense ratio, it has not made its tax form available on its website, which detracts from its overall transparency score.
Overall, Millennium Housing Corporation shows strengths in governance and adherence to accountability standards, but it faces challenges related to financial sustainability and complete transparency. Prospective donors and stakeholders may want to consider these factors when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Millennium Housing Corporation legitimate?
Millennium Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millennium 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: $992,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,151,796
For more financial information, click here
Official website here: www.millenniumhousing.net
What is the mission statement of Millennium Housing Corporation?
Millennium Housing Corporation is dedicated to providing affordable housing for low and moderate income individuals. By doing so, the organization alleviates the burden on local governments, combats community blight, and promotes social welfare. The mission of Millennium Housing Corporation goes beyond just providing housing. It aims to encourage and empower residents to take active roles in budget and management decisions. The organization also focuses on enhancing maintenance and services to ensure that its communities remain valuable sources of quality housing.
Official website here: www.millenniumhousing.net
Who is the CEO of Millennium Housing Corporation?
George R Turk Jr is the Director of Millennium Housing Corporation. The CEO's salary of Millennium Housing Corporation is $669,782 and their total compensation is $1,111,374.
Official website here: www.millenniumhousing.net
What is the revenue of Millennium Housing Corporation?
Millennium Housing Corporation's revenue in 2023 was $31,709,132.
Official website here: www.millenniumhousing.net
Who are the executives of Millennium Housing Corporation and what are their salaries?
The average compensation at Millennium Housing Corporation during 2023 was $628,777. There are 5 employees and 5 volunteers at Millennium Housing Corporation.
Here are 8 key members and their salaries (Millennium Housing Corporation's CEO's salary is $669,782 and their total compensation is $1,111,374):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $669,782
- Related: $344,277
- Other: $97,315
- Compensation: $230,843
- Related: $124,299
- Other: $43,409
- Compensation: $130,967
- Related: $0
- Other: $22,488
Official website here: www.millenniumhousing.net
Where can I find the form 990 for Millennium Housing Corporation?
Millennium Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.millenniumhousing.net
Learn more at the official website: www.millenniumhousing.net
Mission Statement of Millennium Housing Corporation
Millennium Housing Corporation, a dedicated nonprofit organization, aims to provide affordable housing solutions for low and moderate-income individuals. By doing so, the corporation alleviates the burdens on local governments, combats community blight, and promotes social welfare.
At the core of Millennium Housing Corporation's mission is the encouragement and empowerment of its residents. The organization believes in involving its residents in important decisions regarding budget and management. By fostering a sense of ownership and involvement, Millennium Housing Corporation ensures that its communities remain valuable sources of quality affordable housing.
Furthermore, Millennium Housing Corporation goes above and beyond by providing enhanced maintenance and services to its residents. The organization's commitment to excellence guarantees that its communities not only offer affordable housing but also a desirable living environment. By prioritizing the needs of its residents and maintaining high standards, Millennium Housing Corporation sets itself apart as a trusted provider of affordable housing solutions.
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Impact
October, 2024
Millennium Housing Corporation significantly impacts the community by providing affordable housing options for low and moderate-income individuals. This initiative alleviates the financial burdens on local governments while combating community blight and enhancing social welfare. By fostering an environment where residents are encouraged to participate in budget and management decisions, the organization empowers them to take ownership of their living conditions. Additionally, Millennium Housing Corporation is dedicated to maintaining high standards of housing through enhanced maintenance services, ensuring that these communities remain vital sources of quality affordable housing in Costa Mesa, California. This comprehensive approach not only enriches the lives of residents but also strengthens the overall fabric of the community.
This information is meant to be a general summary of Millennium 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $495,691
- Program Service Revenue: $31,671,231
- Gross Receipts: $32,022,972
Assets and Liabilities:
- Total Assets: $190,342,566
- Total Liabilities: $181,410,658
- Net Assets: $8,931,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENT
Revenue
$31,671,231
Organization Details
Founding Year
1999
Phone
(949) 515-5100Principal Officer
George R Turk Jr
Main Address
611 ANTON BLVD STE 890, COSTA MESA, CA, 92626
Website
www.millenniumhousing.netNTEE Category
Code: L200 - Housing
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