Overview
What is Mansfield Leased Housing Corporation?
Mansfield Leased Housing Corporation is a nonprofit organization situated in Mansfield, Ohio, specifically at 88 West Third Street. Their primary mission is to serve low-income elderly individuals by providing them with affordable housing and related services. This includes managing a total of 158 apartments, ensuring all necessary expenses are covered to achieve this purpose. In essence, Mansfield Leased Housing Corporation is dedicated to enhancing the living conditions and well-being of senior citizens with limited financial resources by offering them a safe and comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 71%)
The Mansfield Leased Housing Corporation has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. While it boasts a solid program expense ratio of 96.84%, suggesting that the majority of its funds are directed towards its programs, there are notable gaps in its accountability and finance practices, particularly regarding missing whistleblower and document retention policies.
Despite these shortcomings, the organization demonstrates strong governance with 100% of its board members being independent and no material diversion of assets reported. This governance structure can provide a level of confidence to stakeholders regarding the management and oversight of the organization. However, the lack of certain policies may raise concerns about transparency and risk management.
Overall, while Mansfield Leased Housing Corporation exhibits strengths in financial management and board independence, the absence of critical policies and the need for improvement in governance practices highlight areas that require attention to enhance its operational integrity and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Mansfield Leased Housing Corporation legitimate?
Mansfield Leased Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mansfield Leased 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 Mansfield Leased Housing Corporation?
The Mansfield Leased Housing Corporation is dedicated to providing affordable housing and related services to low-income elderly individuals. Their mission is to offer a total of 158 apartments, catering to this specific demographic, with all expenses being allocated towards achieving this purpose. This organization's operations aim to enhance the living situations of this vulnerable group, ensuring they can age with dignity and security.
Who is the CEO of Mansfield Leased Housing Corporation?
Elizabeth Bocka is the President of Mansfield Leased Housing Corporation.
What is the revenue of Mansfield Leased Housing Corporation?
Mansfield Leased Housing Corporation's revenue in 2022 was $887,005.
Who are the executives of Mansfield Leased Housing Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mansfield Leased Housing Corporation?
Mansfield Leased Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mansfield Leased Housing Corporation
Mansfield Leased Housing Corporation, a nonprofit organization, is committed to providing housing and related services for low-income elderly individuals. Their primary mission is to offer 158 apartments as a sanctuary for these individuals, ensuring they have a safe and comfortable living environment. The corporation incurs all necessary expenses to carry out this purpose, demonstrating their dedication to supporting this vulnerable population. By providing these apartments, Mansfield Leased Housing Corporation aims to enhance the quality of life for elderly individuals who may be facing financial hardships, thereby contributing to their overall well-being and independence.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mansfield Leased Housing Corporation significantly impacts the community by providing 158 apartments and related services specifically designed for low-income elderly individuals. This initiative addresses a crucial need for affordable housing, ensuring that vulnerable populations have access to safe and secure living environments. By supporting low-income elderly residents, the corporation helps enhance their quality of life, offering not just shelter but also supportive services that cater to their unique challenges. This commitment to housing fosters a sense of stability and belonging within the Mansfield community, contributing to overall social welfare and well-being.
This information is meant to be a general summary of Mansfield Leased 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 2022.
- Investment Income: $1,302
- Program Service Revenue: $882,612
- Gross Receipts: $887,005
Assets and Liabilities:
- Total Assets: $758,385
- Total Liabilities: $72,640
- Net Assets: $685,745
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-LOW INCOME HOUSING
Revenue
$882,612
Organization Details
Founding Year
1976
Phone
(419) 524-6533Principal Officer
Elizabeth Bocka
Main Address
88 WEST THIRD STREET, MANSFIELD, OH, 44902
NTEE Category
Code: L22 - Housing
If you are a representative of Mansfield Leased Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.