Overview
What is Mayo Home For Youth Development Inc?
Mayo Home For Youth Development Inc, situated in Cincinnati, Ohio, is a nonprofit organization that offers a sanctuary for at-risk teenage males. With a dedicated team of 12 employees, they provide a nurturing environment, offering food, shelter, and round-the-clock supervision to an average of 16 young individuals. The organization's mission is centered around offering a supportive living space, fostering their growth and development. Although not detailed in the provided information, it is likely that Mayo Home For Youth Development Inc also provides resources and guidance to help these young men navigate challenges and build a brighter future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
Mayo Home For Youth Development Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and financial practices. The organization has a solid percentage of independent board members, which demonstrates a commitment to governance; however, it has significant shortcomings in essential transparency areas, including missing financial statements and lack of key policies.
The financial health of the organization shows promise with a liabilities to assets ratio of 0.00%, suggesting that it is not operating with debt. Additionally, its program expense ratio is relatively high at 67.77%, indicating that a significant portion of its expenditures is directed toward its programs, which is a positive aspect. Nevertheless, the absence of publicly available financial documentation and policies raises concerns about its operational transparency.
Overall, while Mayo Home For Youth Development Inc shows strengths in governance and program spending, it must address its transparency issues and compliance with best practices to enhance its accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mayo Home For Youth Development Inc legitimate?
Mayo Home For Youth Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayo Home For Youth Development Inc 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: $500,667
For more financial information, click here
What is the mission statement of Mayo Home For Youth Development Inc?
Mayo Home for Youth Development Inc is committed to offering a residential environment for approximately 16 young males. This residential facility provides essentials such as food, shelter, and round-the-clock supervision to these individuals. The primary objective of Mayo Home for Youth Development Inc is to ensure the well-being and support of these young men, offering them a safe and stable living space. The organization's mission is not explicitly stated, but its actions indicate a dedication to providing a secure home and essential care for these young individuals.
Who is the CEO of Mayo Home For Youth Development Inc?
Steve Mayo Mayo is the Executive Director of Mayo Home For Youth Development Inc.
What is the revenue of Mayo Home For Youth Development Inc?
Mayo Home For Youth Development Inc's revenue in 2022 was $851,631.
Who are the executives of Mayo Home For Youth Development Inc and what are their salaries?
The average compensation at Mayo Home For Youth Development Inc during 2022 was $41,722. There are 12 employees at Mayo Home For Youth Development Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mayo Home For Youth Development Inc?
Mayo Home For Youth Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mayo Home For Youth Development Inc
Mayo Home for Youth Development Inc, as outlined, is dedicated to providing a secure environment for approximately sixteen young males. This nonprofit organization offers round-the-clock food, shelter, and supervision to these adolescents, serving as their temporary home. The mission of Mayo Home for Youth Development Inc is centered around providing essential care and support to these young individuals during a critical period of their lives.
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Impact
October, 2024
Mayo Home For Youth Development Inc plays a vital role in supporting the well-being of teenage boys in Cincinnati, Ohio. By providing a safe and nurturing environment for an average of 16 young males, the organization ensures that these individuals have access to essential resources such as food, shelter, and supervision around the clock.
The impact of this support is profound; it addresses not only the immediate needs of these youths but also fosters their overall development. By offering a stable home, Mayo Home helps to combat the challenges that young males often face, contributing to their growth and helping to shape positive futures. The organization is dedicated to guiding these individuals towards a path of success, stability, and hope, ultimately enriching the community as a whole.
This information is meant to be a general summary of Mayo Home For Youth Development Inc. 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: $851,631
- Gross Receipts: $851,631
Assets and Liabilities:
- Total Assets: $841,735
- Total Liabilities: $407,156
- Net Assets: $434,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee for services
Revenue
$851,631
Organization Details
Founding Year
2004
Phone
(513) 221-4993Principal Officer
Steve Mayo Mayo
Main Address
129 Woolper Street, CINCINNATI, OH, 45220
NTEE Category
Code: P73 - Human services
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