Overview
What is Maisons Denree Inc?
Maisons Denree Inc, a nonprofit organization established under Nebraska's not-for-profit laws, operates two complexes of accessible apartments for low-income disabled veterans. These complexes, known as Papio Valley Apartments and La Bonne Vie Apartments, comprise 16 and 48 units respectively. The organization is affiliated with the Great Plains Chapter of Paralyzed Veterans of America and adheres to the regulations established by the Federal Housing Administration (FHA) section of HUD. With the support of two Housing Assistance Payment Contracts (HAP Contracts) with HUD through the Section 8 program of the National Housing Act, Maisons Denree Inc provides assistance for all 64 units, ensuring that these apartments remain within reach for eligible individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating).
Maisons Denree Inc has received a moderate rating of 71% from Charity Navigator, indicating a basic level of accountability and financial health. The organization's score is primarily derived from its performance in the Accountability & Finance category, which reflects its strong governance and sound financial practices.
The nonprofit boasts a fully independent board of directors, with 100% of its members being independent. This governance structure is bolstered by a substantial board size, indicating a commitment to effective oversight. Additionally, the organization demonstrates responsible financial management with a zero liabilities to assets ratio and a high program expense ratio of 82.86%, which suggests that the majority of its resources are directed toward its mission-related activities.
While the overall rating is limited to accountability and finance, there are no noted issues regarding material asset diversion or conflicts of interest. However, the two-star rating may suggest room for improvement in other operational areas or transparency metrics, which could enhance trust and engagement with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Maisons Denree Inc legitimate?
Maisons Denree Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maisons Denree 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:
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For more financial information, click here
What is the mission statement of Maisons Denree Inc?
Maisons Denree Inc, a not-for-profit organization established under Nebraska's not-for-profit statutes, manages two complexes of accessible apartments for low-income disabled veterans. These complexes, named Papio Valley Apartments and La Bonne Vie Apartments, offer housing for 64 units in total. The organization is affiliated with the Great Plains Chapter of Paralyzed Veterans of America and operates under the guidelines of the Federal Housing Administration's Section 207 of the National Housing Act. Maisons Denree Inc has entered into two separate Housing Assistance Payment Contracts (HAP Contracts) with HUD under the Section 8 program of the National Housing Act, providing financial assistance for all 64 units. The mission of Maisons Denree Inc can be inferred from its activities, which aim to provide affordable and accessible housing for disabled veterans, ensuring they have a suitable living environment.
Who is the CEO of Maisons Denree Inc?
Randy Squier is the President of Maisons Denree Inc.
What is the revenue of Maisons Denree Inc?
Maisons Denree Inc's revenue in 2022 was $693,329.
Who are the executives of Maisons Denree Inc and what are their salaries?
There 10 volunteers at Maisons Denree Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Maisons Denree Inc?
Maisons Denree Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maisons Denree Inc
Maisons Denree Inc, a nonprofit organization established under Nebraska's not-for-profit statutes, is committed to providing housing solutions for low-income disabled veterans. It manages two complexes of accessible apartments, named Papio Valley Apartments and La Bonne Vie Apartments, which cater specifically to this group of veterans. The organization is affiliated with the Great Plains Chapter of Paralyzed Veterans of America and operates under the National Housing Act, having entered into regulatory agreements with the Federal Housing Administration section of HUD. Maisons Denree Inc has secured two Housing Assistance Payment Contracts (HAP Contracts) with HUD under the Section 8 program of the National Housing Act. These contracts ensure financial assistance for all 64 units within the two complexes, thereby providing a secure living environment for the disabled veterans who reside there. The organization's mission is to offer supportive housing solutions, ensuring that low-income disabled veterans have access to quality living conditions.
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Impact
July, 2024
Maisons Denree Inc's impact can be seen through its operation of a 16-unit and a 48-unit complex of accessible apartments for low-income disabled veterans in Omaha, Nebraska. These apartments, known as Papio Valley Apartments and La Bonne Vie Apartments respectively, provide vital housing support to those who have served their country and are in need of assistance. The organization's affiliation with the Great Plains Chapter of Paralyzed Veterans of America further underscores its commitment to serving this specific community. By entering into Housing Assistance Payment contracts with HUD under the Section 8 program, Maisons Denree Inc ensures that all 64 units receive crucial support. Through its efforts, Maisons Denree Inc is making a tangible difference in the lives of disabled veterans in need of affordable and accessible housing.
This information is meant to be a general summary of Maisons Denree 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: $467
- Program Service Revenue: $233,319
- Gross Receipts: $693,329
Assets and Liabilities:
- Total Assets: $2,128,747
- Total Liabilities: $2,618,364
- Net Assets: -$489,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$233,319
Organization Details
Founding Year
1986
Phone
(402) 333-7373Principal Officer
Randy Squier
Main Address
2840 S 123RD COURT, OMAHA, NE, 68144
NTEE Category
Code: L20 - Housing
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