Overview
What is Mantua I Corporation?
Mantua I Corporation is a nonprofit organization established with a mission to provide housing facilities and services for disabled individuals, catering to their physical, social, and psychological needs. Situated in Philadelphia, Pennsylvania, the organization has a specific focus on acquiring, rehabilitating, constructing, owning, and operating an affordable housing project. This project aims to offer safe, affordable, and permanent housing solutions for low-income disabled individuals, as identified by federal, state, or county officials. As of June 30, 2022, Mantua I Corporation successfully provided ten housing units to disabled individuals, demonstrating its commitment to its mission.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. This high score reflects the organization's strong performance in accountability and finance, indicating that it effectively manages its resources and adheres to best practices in governance.
The Mantua I Corporation has a robust governance structure, with 75% of its board members being independent, ensuring unbiased oversight. The organization has demonstrated excellent fiscal responsibility, with a program expense ratio of 92.69%, meaning a significant portion of its resources is directed towards its programs rather than administrative costs. Additional policies, such as those related to conflict of interest and whistleblowing, are well-documented and in place, which further enhances its accountability.
No significant limitations were noted in the data, as the organization has effectively addressed potential risks related to asset diversion and maintains transparent documentation practices. Overall, Mantua I Corporation stands out as a highly reputable nonprofit organization committed to its mission and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Mantua I Corporation legitimate?
Mantua I Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mantua I 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: $18,944
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Mantua I Corporation?
Mantua I Corporation is organized with the mission to acquire, rehabilitate, construct, own, and operate affordable housing projects, specifically aimed at providing safe, affordable, and permanent housing for individuals with disabilities. This is done in collaboration with federal, state, or county officials who identify such individuals. The organization's primary goal is to provide housing facilities and services that cater to the physical, social, and psychological needs of these individuals. As of June 30, 2022, Mantua I Corporation has successfully provided 10 housing units to individuals with disabilities.
Official website here: www.missionfirsthousing.org
Who is the CEO of Mantua I Corporation?
Thomas Ak Queenan is the President of Mantua I Corporation.
Official website here: www.missionfirsthousing.org
What is the revenue of Mantua I Corporation?
Mantua I Corporation's revenue in 2022 was $60,509.
Official website here: www.missionfirsthousing.org
Who are the executives of Mantua I Corporation and what are their salaries?
There 5 volunteers at Mantua I Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $215,076
- Other: $20,395
- Compensation: $0
- Related: $197,715
- Other: $20,779
- Compensation: $0
- Related: $185,000
- Other: $20,395
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Mantua I Corporation?
Mantua I Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Mantua I Corporation
Mantua I Corporation, as an organization, is committed to acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. Its primary objective is to provide safe, affordable, and permanent housing for individuals who are identified as disabled by federal, state, or county officials. By doing so, the corporation aims to address the physical, social, and psychological needs of these disabled individuals, thereby enhancing their overall quality of life. During the fiscal year ending on June 30, 2022, Mantua I Corporation successfully provided 10 housing units to disabled persons.
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Impact
August, 2024
Mantua I Corporation's impact is significant in providing low-income, safe, affordable, and permanent housing for disabled individuals in Philadelphia. By acquiring, rehabilitating, constructing, owning, and operating affordable housing projects, the organization addresses the critical need for suitable housing for this vulnerable population. Their mission to support disabled persons by offering housing facilities and services to meet their physical, social, and psychological needs is commendable. In the year ended 06/30/2022, Mantua I Corporation provided 10 housing units to disabled persons, making a direct and tangible difference in the lives of individuals who require specialized assistance and accommodation.
This information is meant to be a general summary of Mantua I 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: $51
- Program Service Revenue: $60,458
- Gross Receipts: $60,509
Assets and Liabilities:
- Total Assets: $1,066,698
- Total Liabilities: $344,422
- Net Assets: $722,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$46,863
RENT REVENUE
Revenue
$13,595
Organization Details
Founding Year
2005
Phone
(215) 557-8484Principal Officer
Thomas Ak Queenan
Main Address
2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412
Website
www.missionfirsthousing.orgNTEE Category
Code: L20 - Housing
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