Overview
What is St Mark United Methodist Churc Housing Foundation Inc?
St. Mark United Methodist Church Housing Foundation Inc. is a nonprofit organization situated in Chicago, Illinois, specifically at 840 East 76th Street. Their primary mission is to provide 59 units of residential housing for low-income elderly and disabled individuals. This commitment to social support extends beyond just housing, as they aim to create a safe and comfortable living environment for their residents. The organization, with a workforce of 7 dedicated employees, is dedicated to improving the quality of life for this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
St Mark United Methodist Church Housing Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With an overall score of 79%, the organization demonstrates strong governance practices, including a fully independent board and comprehensive policies for conflict of interest, whistleblowing, and document retention, which contribute positively to its accountability.
The foundation has excelled in various areas, scoring full marks in board independence and financial oversight, which underscores its commitment to transparency and responsible management. Its program expense ratio is also commendable at 79.23%, indicating that a significant portion of its resources is directed towards its mission-driven activities.
However, the organization faces a notable limitation with a liabilities to assets ratio of 112.23%, suggesting that its liabilities exceed its assets. This financial condition may raise concerns about its long-term sustainability and ability to meet its obligations, which potential donors and stakeholders should consider when evaluating the foundation's overall financial health.
This AI summary has been generated from information found on Charity Navigator.
Is St Mark United Methodist Churc Housing Foundation Inc legitimate?
St Mark United Methodist Churc Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mark United Methodist Churc Housing Foundation 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: $131,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,429
For more financial information, click here
What is the mission statement of St Mark United Methodist Churc Housing Foundation Inc?
The St. Mark United Methodist Church Housing Foundation Inc. is dedicated to providing residential housing for a specific group of individuals. Specifically, their mission is to cater to the needs of low-income elderly and disabled individuals, offering them 59 units of housing. This non-profit organization aims to contribute positively to this segment of the population by providing them with a safe and suitable living space.
Who is the CEO of St Mark United Methodist Churc Housing Foundation Inc?
Derrick Mitchell is the Presdient of St Mark United Methodist Churc Housing Foundation Inc.
What is the revenue of St Mark United Methodist Churc Housing Foundation Inc?
St Mark United Methodist Churc Housing Foundation Inc's revenue in 2022 was $1,377,813.
Who are the executives of St Mark United Methodist Churc Housing Foundation Inc and what are their salaries?
The average compensation at St Mark United Methodist Churc Housing Foundation Inc during 2022 was $42,567. There are 7 employees at St Mark United Methodist Churc Housing Foundation Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for St Mark United Methodist Churc Housing Foundation Inc?
St Mark United Methodist Churc Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Mark United Methodist Churc Housing Foundation Inc
St. Mark United Methodist Church Housing Foundation Inc. is committed to providing residential housing for individuals who are both elderly and disabled, falling under the category of low-income earners. This nonprofit organization's primary mission is to offer 59 units of housing, ensuring a secure and comfortable living environment for this vulnerable group. By providing these housing units, St. Mark United Methodist Church Housing Foundation Inc. aims to enhance the quality of life for these individuals, offering them a sense of independence, safety, and community. The organization's mission is instrumental in addressing the housing needs of this specific demographic, striving to make a positive impact in their daily lives.
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Impact
October, 2024
St. Mark United Methodist Church Housing Foundation Inc plays a crucial role in enhancing the quality of life for low-income elderly and disabled individuals in Chicago, Illinois. By providing 59 units of residential housing, the foundation addresses critical needs for affordable living spaces for some of the community's most vulnerable members.
This initiative not only offers safe and stable housing but also fosters a sense of community and belonging among residents. The foundation's focus on the elderly and disabled population helps prevent homelessness and provides essential support for those who may face challenges in finding suitable living arrangements. Through its efforts, St. Mark United Methodist Church Housing Foundation Inc significantly contributes to community improvement, ensuring that residents have access to the resources and stability they need to thrive.
This information is meant to be a general summary of St Mark United Methodist Churc Housing Foundation 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.
- Investment Income: $1,267
- Program Service Revenue: $1,365,428
- Gross Receipts: $1,377,813
Assets and Liabilities:
- Total Assets: $4,134,373
- Total Liabilities: $4,505,837
- Net Assets: -$371,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Rent Revenue
Revenue
$1,365,428
Organization Details
Founding Year
1983
Principal Officer
Derrick Mitchell
Main Address
840 East 76th Street, Chicago, IL, 60619
NTEE Category
Code: S80Z - Community improvement
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