Overview
What is Muncie Home Ownership And Revitalization Inc?
Muncie Home Ownership and Revitalization Inc is a nonprofit organization, headquartered at 120 West Charles Street, Muncie, Indiana. With a team of one dedicated individual, their primary focus is on driving economic development and enhancing housing conditions within the city of Muncie. Their mission is to stimulate growth and improve the livability of the community by revitalizing housing, thereby contributing to a thriving and prosperous city environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Muncie Home Ownership and Revitalization Inc has received a moderate rating, reflecting its strengths in accountability and financial practices. The organization boasts a fully independent board and demonstrates excellent asset management, with key indicators showing a low liabilities to assets ratio and a high program expense ratio, which suggests that a significant portion of its funds is directed towards its mission.
However, the overall score of 73% indicates that there may be areas for improvement in its financial transparency or operational effectiveness. While the organization meets basic standards in several financial metrics, potential donors and stakeholders might want to look closer at how these factors influence overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Muncie Home Ownership And Revitalization Inc legitimate?
Muncie Home Ownership And Revitalization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Muncie Home Ownership And Revitalization 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: $31,982
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Muncie Home Ownership And Revitalization Inc?
Muncie Home Ownership and Revitalization Inc is committed to fostering economic growth and improving the housing sector within its city. Their mission is geared towards revitalizing the urban landscape, aiming to enhance the overall living conditions and stimulate local economic development. The organization focuses on revitalizing housing in the city, working towards creating a more vibrant and prosperous community. Their activities may include attracting investment, facilitating homeownership opportunities, and promoting urban regeneration initiatives.
Who is the CEO of Muncie Home Ownership And Revitalization Inc?
Penny Leach is the Executive Di of Muncie Home Ownership And Revitalization Inc.
What is the revenue of Muncie Home Ownership And Revitalization Inc?
Muncie Home Ownership And Revitalization Inc's revenue in 2021 was $116,731.
Who are the executives of Muncie Home Ownership And Revitalization Inc and what are their salaries?
The average compensation at Muncie Home Ownership And Revitalization Inc during 2021 was $31,982. There is 1 employee at Muncie Home Ownership And Revitalization Inc.
Here are 4 key members and their salaries:
- Compensation: $58,187
- Related: $0
- Other: $0
- 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 Muncie Home Ownership And Revitalization Inc?
Muncie Home Ownership And Revitalization Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Muncie Home Ownership And Revitalization Inc
Muncie Home Ownership and Revitalization Inc, in its mission, is committed to fostering economic growth and improving the housing landscape within the city. This nonprofit organization has set its sights on promoting economic development and housing revitalization as its primary objectives. By doing so, it aims to uplift the community and create a more vibrant and prosperous city environment. The organization's activities are geared towards achieving these goals, working tirelessly to drive positive change in the housing sector and contribute to the city's overall economic development.
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Impact
October, 2024
Muncie Home Ownership And Revitalization Inc plays a vital role in fostering economic development and housing revitalization throughout the city of Muncie. By focusing on these key areas, the organization contributes to improving the overall quality of life for residents and enhances the community's appeal to potential newcomers and businesses alike.
Through various initiatives, Muncie Home Ownership And Revitalization Inc addresses housing needs and works to rejuvenate neighborhoods, aiming to create a sustainable and vibrant living environment. This progress not only strengthens the local economy but also encourages community engagement and pride among residents, leading to a more cohesive and resilient Muncie.
This information is meant to be a general summary of Muncie Home Ownership And Revitalization 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 2021.
- Program Service Revenue: $92,287
- Gross Receipts: $116,731
Assets and Liabilities:
- Total Assets: $975,098
- Total Liabilities: $83,491
- Net Assets: $891,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$92,287
Organization Details
Founding Year
1988
Phone
(765) 282-6656Principal Officer
Penny Leach
Main Address
120 WEST CHARLES ST, MUNCIE, IN, 47305
NTEE Category
Code: S310 - Community improvement
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