Overview
What is Mhc Development Company Inc?
Mhc Development Company Inc is a nonprofit organization located at 120 Manor CT, Alton, Illinois. Their primary mission is to provide permanent housing for low-income, single adults struggling with serious mental illness. The organization offers subsidized apartments and employs a staff service coordinator to ensure residents not only maintain their housing but also achieve their full potential. Through this initiative, Mhc Development Company Inc aims to enhance the lives of those in need, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Mhc Development Company Inc has achieved a remarkable 97% score from Charity Navigator, indicating a strong level of financial health and accountability. This high rating reflects the organization’s commitment to transparency and effective governance, with an entirely independent board of members and a robust conflict of interest policy. The charity has successfully maintained a low liabilities to assets ratio, further underscoring its financial stability.
The organization excels in its program expense ratio, allocating over 70% of its expenditures directly towards its programs, which speaks to its focus on fulfilling its mission. Furthermore, Mhc Development Company Inc has established comprehensive policies regarding whistleblower protections and document retention, which aligns with best practices in nonprofit management. These strengths contribute to its strong standing in the nonprofit sector.
While the ratings and policies are favorable, ongoing monitoring of the organization's performance and impact would be essential to ensure it maintains these standards and continues to meet the needs of those it serves. Overall, Mhc Development Company Inc demonstrates a commendable commitment to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Mhc Development Company Inc legitimate?
Mhc Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhc Development Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,282
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What is the mission statement of Mhc Development Company Inc?
Mhc Development Company Inc's mission is centered around providing permanent housing for low-income, single adults struggling with serious mental illness. Equipped with subsidized apartments and a dedicated service coordinator, the company strives to ensure the residents not only maintain stable housing but also reach their full potential. The service coordinator plays a crucial role in this process, offering continuous support to the residents. The mission of Mhc Development Company Inc aims to empower these individuals, providing them with a safe and supportive living environment.
Who is the CEO of Mhc Development Company Inc?
Patricia Fischer is the President of Mhc Development Company Inc.
What is the revenue of Mhc Development Company Inc?
Mhc Development Company Inc's revenue in 2023 was $182,682.
Who are the executives of Mhc Development Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mhc Development Company Inc?
Mhc Development Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mhc Development Company Inc
Mhc Development Company Inc, a nonprofit organization, is dedicated to providing permanent housing for low-income, single adults struggling with serious mental illness. Their mission is to ensure that these individuals can live in a stable environment, with apartments equipped with subsidies and the support of a staff service coordinator. This coordinator plays a crucial role in helping residents maintain their housing and reach their fullest potential. The organization's goal is to provide a safe and supportive living space, empowering its residents to overcome their challenges and live fulfilling lives.
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Impact
October, 2024
Mhc Development Company Inc significantly impacts the community by providing permanent housing for low-income single adults who are living with serious mental illness. By offering subsidized apartments, the organization ensures that these individuals have a stable living environment, which is crucial for their overall well-being. The presence of a staff service coordinator further enhances this support system, helping residents maintain their housing and work towards realizing their fullest potential. This initiative not only addresses the immediate need for affordable housing but also fosters a sense of stability and belonging, contributing to the mental and emotional health of the residents. The organization's efforts create a ripple effect, improving the quality of life for individuals and positively influencing the broader community in Alton, IL.
This information is meant to be a general summary of Mhc Development Company 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: $1,597
- Program Service Revenue: $79,692
- Gross Receipts: $182,682
Assets and Liabilities:
- Total Assets: $478,690
- Total Liabilities: $65,804
- Net Assets: $412,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$79,692
Organization Details
Founding Year
1981
Phone
(618) 465-0120Principal Officer
Patricia Fischer
Main Address
120 MANOR CT, ALTON, IL, 62002
NTEE Category
Code: L200 - Housing
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