Overview
What is Mcrc Housing Inc?
Mcrc Housing Inc is a non-profit organization based in Galesburg, Illinois, with a focus on providing housing solutions for the elderly and disabled individuals. They manage an 11-unit apartment and an 8-unit group home, operating under exempt purposes. The organization's primary mission is to offer suitable housing to this specific demographic, aiming to enhance their quality of life and promote independence. By providing housing, Mcrc Housing Inc seeks to contribute positively to the community and uphold the dignity and well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mcrc Housing Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring attention. While the organization excels in accountability and finance, boasting a perfect score in several categories such as independent board member presence and program expense ratio, it faces significant challenges in its financial stability, evidenced by a high liabilities to assets ratio.
The organization has a commendable commitment to transparency, highlighted by its adherence to conflict of interest policies and proper documentation of board meeting minutes. However, the absence of a whistleblower policy and the failure to list crucial information like its website and tax forms on public platforms detracts from its overall score and raises concerns about governance practices.
Overall, while Mcrc Housing Inc demonstrates strong financial management in certain respects, the highlighted limitations suggest a need for improvement in governance and transparency to bolster its standing and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Mcrc Housing Inc legitimate?
Mcrc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcrc Housing 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: $33,842
For more financial information, click here
What is the mission statement of Mcrc Housing Inc?
Mcrc Housing Inc's mission is centered around providing housing for the elderly and disabled individuals. In operation, they manage an apartment complex and group homes, adhering to exempt purposes. Their primary goal is to offer suitable accommodations for a vulnerable segment of society, ensuring they have a place to call home and live with dignity. Their activities are geared towards catering to the unique needs of these residents and providing a supportive living environment.
Who is the CEO of Mcrc Housing Inc?
William Nelson is the Vice Chairman of Mcrc Housing Inc. The CEO's salary of Mcrc Housing Inc is $0 and their total compensation is $0.
What is the revenue of Mcrc Housing Inc?
Mcrc Housing Inc's revenue in 2022 was $209,255.
Who are the executives of Mcrc Housing Inc and what are their salaries?
Here are 8 key members and their salaries (Mcrc Housing Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mcrc Housing Inc?
Mcrc Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcrc Housing Inc
Mcrc Housing Inc, a non-profit organization, is dedicated to providing housing for the elderly and disabled individuals. The mission of this organization is centered around offering a secure living environment for those who may require special assistance due to their advanced age or disability. This is accomplished through the operation of an 11-unit apartment and an 8-unit group home, which are specifically designed to cater to the unique needs of these residents. By pursuing exempt purposes, Mcrc Housing Inc aims to create a community where the elderly and disabled can live with dignity and independence, while receiving the necessary support and care they require.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Mcrc Housing Inc's impact is significant in Galesburg, Illinois, as it provides essential housing for elderly and disabled individuals in need. By operating an 11 unit apartment and 8 unit group home tailored to the specific needs of this demographic, Mcrc Housing Inc plays a crucial role in improving the quality of life for these vulnerable populations. Their focus on mental health in their services further underscores their dedication to supporting those facing additional challenges.
This information is meant to be a general summary of Mcrc Housing 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: $23
- Program Service Revenue: $207,218
- Gross Receipts: $209,255
Assets and Liabilities:
- Total Assets: $267,285
- Total Liabilities: $827,076
- Net Assets: -$559,791
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PMT
Revenue
$149,553
APARTMENT CARRY CHARGE
Revenue
$57,665
Organization Details
Founding Year
1985
Phone
(309) 344-2323Principal Officer
William Nelson
Main Address
2323 N WINDISH DRIVE, GALESBURG, IL, 61401
NTEE Category
Code: F33Z - Mental health
If you are a representative of Mcrc Housing Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.