Overview
What is The Mighell Fund Inc?
The Mighell Fund Inc is a nonprofit organization situated in Aurora, Illinois, specifically at 495 North Lake Street. Their primary mission is to provide a secure living environment for mature adults who aspire to live independently. This environment encourages individualism and respect, fostering a sense of community. The organization manages approximately 64 apartments, offering housing and related services. Their purpose is to cater to the needs of retired individuals, ensuring they can maintain their independence while residing in a supportive environment. The Mighell Fund Inc's commitment to its residents is reflected in the care and attention they provide.
Official website here: www.plumlanding.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Mighell Fund Inc holds an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's score is derived entirely from its Accountability & Finance beacon, with a perfect score in several areas, showcasing its effective governance and transparency practices.
Significant strengths include a majority of independent board members, which enhances its governance, and a robust financial oversight structure, as evidenced by a fully audited financial statement and an active Audit and Oversight Committee. The organization has also maintained a low liabilities-to-assets ratio of 6.34% and allocates nearly 86% of its expenses to programs, demonstrating a strong focus on mission-related spending.
Despite the positive assessment, it is important to consider that the evaluation is primarily based on financial metrics. While the charity appears to have solid governance and financial practices, potential donors and stakeholders may want additional information about its programs and impact to gauge its effectiveness in achieving its mission. Overall, The Mighell Fund Inc exemplifies strong financial accountability and responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is The Mighell Fund Inc legitimate?
The Mighell Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mighell Fund 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: $104,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $865,320
For more financial information, click here
Official website here: www.plumlanding.org
What is the mission statement of The Mighell Fund Inc?
The Mighell Fund Inc's mission is centered around providing a secure environment for mature adults who desire to live independently. This organization encourages individualism and respects the autonomy of its residents. They offer housing and related services, fostering an atmosphere where independence is valued. With approximately 64 apartments available, The Mighell Fund Inc aims to cater to the needs of retired individuals, offering them a place to live with dignity and freedom.
Official website here: www.plumlanding.org
Who is the CEO of The Mighell Fund Inc?
Alex Haughee is the Executive Di of The Mighell Fund Inc.
Official website here: www.plumlanding.org
What is the revenue of The Mighell Fund Inc?
The Mighell Fund Inc's revenue in 2023 was $1,762,422.
Official website here: www.plumlanding.org
Who are the executives of The Mighell Fund Inc and what are their salaries?
The average compensation at The Mighell Fund Inc during 2023 was $17,634. There are 55 employees at The Mighell Fund Inc.
Here are 9 key members and their salaries:
- Compensation: $101,606
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- Other: $2,935
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- Other: $0
Official website here: www.plumlanding.org
Where can I find the form 990 for The Mighell Fund Inc?
The Mighell Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.plumlanding.org
Learn more at the official website: www.plumlanding.org
Mission Statement of The Mighell Fund Inc
The Mighell Fund Inc is a nonprofit organization dedicated to providing a safe and independent living environment for mature adults. Its purpose is to encourage individualism and respect among its residents, allowing them to lead active, self-governing lives. The Mighell Fund offers housing and related services, with approximately 64 apartments available for retired individuals. The organization's mission emphasizes the importance of fostering autonomy and individuality within its community, promoting a sense of freedom and self-determination for its residents.
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Impact
October, 2024
The Mighell Fund Inc. significantly enhances the quality of life for active, mature adults seeking independence. By offering secure housing and related services in Aurora, IL, it creates an environment that fosters individualism and respect. With approximately 64 apartments available, residents enjoy a community that supports their desire for autonomy while ensuring their safety and well-being. This commitment to providing a respectful and independent living experience empowers older adults to thrive in their golden years.
This information is meant to be a general summary of The Mighell Fund 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 2023.
- Investment Income: $52,658
- Program Service Revenue: $1,677,262
- Gross Receipts: $2,220,906
Assets and Liabilities:
- Total Assets: $3,982,315
- Total Liabilities: $260,074
- Net Assets: $3,722,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$1,385,279
DINING
Revenue
$286,096
EMPLOYEE MEALS
Revenue
$5,887
Organization Details
Founding Year
1964
Phone
(630) 896-5031Principal Officer
Alex Haughee
Main Address
495 NORTH LAKE STREET, AURORA, IL, 605064156
Website
www.plumlanding.orgNTEE Category
Code: Z99 - Unknown
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