Overview
What is Mhccc Housing Corp Iic?
Mhccc Housing Corp Iic is a nonprofit organization situated in Champaign, Illinois, with a specific mission to cater to the housing needs of individuals struggling with mental illness who have limited income. Their primary objective is to offer housing facilities and related services to this particular demographic, contributing to their overall well-being and community integration. This charitable and educational endeavor aims to support the elderly and disabled population, ensuring they have access to essential services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Mhccc Housing Corp Iic has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization has achieved an overall score based entirely on its accountability and finance, which reflects the charity's reliability in handling its resources responsibly. With a score of 84 in this area, it demonstrates a commitment to transparency and effective fiscal practices.
The charity exhibits several strengths, including a high program expense ratio of 86.02%, suggesting that a significant majority of its expenses go directly toward its programs. Additionally, the organization has no material diversions of assets, and it has comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. However, it has a relatively low percentage of independent board members at 42%, which may indicate a need for improvement in board governance practices.
Overall, while Mhccc Housing Corp Iic shows strong financial accountability and program effectiveness, the governance structure could benefit from increased independence among board members. As it continues to build on its strengths, addressing this area might enhance its operational integrity and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mhccc Housing Corp Iic legitimate?
Mhccc Housing Corp Iic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhccc Housing Corp Iic 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: $572
For more financial information, click here
What is the mission statement of Mhccc Housing Corp Iic?
The Mhccc Housing Corp Iic is dedicated to providing charitable and/or educational services, focusing on the elderly or disabled individuals. However, its primary mission lies in offering housing facilities and services to low-income individuals who are struggling with mental illness. This organization aims to provide a supportive living environment and essential services to those in need, ensuring they can live with dignity and independence.
Who is the CEO of Mhccc Housing Corp Iic?
David Gomel is the Principal Officer of Mhccc Housing Corp Iic. The CEO's salary of Mhccc Housing Corp Iic is $0 and their total compensation is $331,586.
What is the revenue of Mhccc Housing Corp Iic?
Mhccc Housing Corp Iic's revenue in 2022 was $85,315.
Who are the executives of Mhccc Housing Corp Iic and what are their salaries?
There 6 volunteers at Mhccc Housing Corp Iic.
Here are 9 key members and their salaries (Mhccc Housing Corp Iic's CEO's salary is $0 and their total compensation is $331,586):
- Compensation: $0
- Related: $493,525
- Other: $33,084
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $184,281
- Other: $20,219
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $136,354
- Other: $14,855
- Compensation: $0
- Related: $259,630
- Other: $25,599
- Compensation: $0
- Related: $325,910
- Other: $5,676
Where can I find the form 990 for Mhccc Housing Corp Iic?
Mhccc Housing Corp Iic's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mhccc Housing Corp Iic
Mhccc Housing Corp Iic, a nonprofit organization, is dedicated to providing charitable and educational services specifically intended for low-income individuals who are elderly or disabled, with a unique focus on those struggling with mental illness. The primary mission of this corporation is to offer housing facilities and services that cater to the unique needs of this vulnerable population, aiming to enhance their quality of life. This organization recognizes the challenges faced by individuals with mental illness and works tirelessly to provide them with a safe and supportive living environment.
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Impact
October, 2024
Mhccc Housing Corp Iic plays a crucial role in addressing the housing needs of low-income individuals with mental illness in Champaign, IL. By providing dedicated housing facilities and support services, the organization creates a stable and supportive environment that fosters independent living and personal development.
This initiative not only helps individuals secure safe and affordable housing but also significantly improves their overall quality of life. By focusing on this vulnerable demographic, Mhccc Housing Corp Iic contributes to the reduction of homelessness and the stigma surrounding mental health issues. The organization’s work promotes social inclusion, encouraging residents to engage with their community and access resources that enhance their well-being.
Ultimately, Mhccc Housing Corp Iic's impact extends beyond just housing; it empowers individuals with mental health challenges, facilitating their journey towards recovery and greater self-sufficiency.
This information is meant to be a general summary of Mhccc Housing Corp Iic. 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: $13
- Program Service Revenue: $84,355
- Gross Receipts: $85,315
Assets and Liabilities:
- Total Assets: $906,689
- Total Liabilities: $41,607
- Net Assets: $865,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW RENT HOUSING
Revenue
$44,297
SEC 8 RENTAL ASSIST.
Revenue
$40,058
Organization Details
Founding Year
2001
Phone
(217) 398-8080Principal Officer
David Gomel
Main Address
2302 MORELAND BLVD, CHAMPAIGN, IL, 61822
NTEE Category
Code: L21 - Housing
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