Overview
What is Cleveland Manorinc?
Cleveland Manorinc is a nonprofit organization situated in Midland, Michigan, specifically at 2200 Cleveland Avenue. Their primary mission is to provide affordable housing for seniors aged 62 or older, ensuring they can live comfortably within a community setting. With a dedicated workforce of ten employees, Cleveland Manorinc is committed to offering low-income housing options to this demographic, contributing positively to their living environment and overall well-being.
Official website here: www.clevelandmanor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Cleveland Manorinc has achieved a commendable Four-Star rating from Charity Navigator, with a solid score of 92% in Accountability & Finance. This rating is based on a comprehensive evaluation of the organization’s financial practices. The high score indicates that Cleveland Manorinc effectively manages its resources, ensuring the majority of its expenses are directed towards its programs, as evidenced by a program expense ratio of 84.76%.
Among its strengths, Cleveland Manorinc boasts a fully independent board, with all 11 members meeting the criteria for independence. The organization has rigorous financial oversight, reflected in its scoring for an audit and oversight committee and policies that safeguard against conflicts of interest. Notable policies are in place for document retention and board meeting minutes, supporting transparency and good governance.
However, there is a noted limitation: the organization does not currently have a whistleblower policy, which is an important aspect of accountability and ethical governance. Despite this shortcoming, the overall financial health and transparency of Cleveland Manorinc position it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland Manorinc legitimate?
Cleveland Manorinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Manorinc 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: $53,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,304
For more financial information, click here
Official website here: www.clevelandmanor.org
What is the mission statement of Cleveland Manorinc?
Cleveland Manorinc's mission is centered around providing affordable housing for older adults. Their primary objective is to create a community setting where seniors aged 62 or above can reside at reasonable rates. They strive to uphold this mission by offering low-income housing that is both affordable and accessible to this specific demographic.
Official website here: www.clevelandmanor.org
Who is the CEO of Cleveland Manorinc?
Mary Laffey is the President of Cleveland Manorinc.
Official website here: www.clevelandmanor.org
What is the revenue of Cleveland Manorinc?
Cleveland Manorinc's revenue in 2022 was $1,318,752.
Official website here: www.clevelandmanor.org
Who are the executives of Cleveland Manorinc and what are their salaries?
The average compensation at Cleveland Manorinc during 2022 was $20,648. There are 10 employees at Cleveland Manorinc.
Here are 13 key members and their salaries:
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- Compensation: $111,092
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Official website here: www.clevelandmanor.org
Where can I find the form 990 for Cleveland Manorinc?
Cleveland Manorinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clevelandmanor.org
Learn more at the official website: www.clevelandmanor.org
Mission Statement of Cleveland Manorinc
Cleveland Manorinc, a nonprofit organization, is committed to providing a mission that prioritizes affordable housing for older adults. This mission is carried out by offering low-income housing options to seniors aged 62 or above, ensuring they can reside in a community setting. The organization's primary aim is to provide housing at an affordable rate, thereby catering to the housing needs of this specific demographic. By offering this service, Cleveland Manorinc contributes to creating an environment where older adults can live comfortably, fostering a sense of community and support.
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Impact
July, 2024
Cleveland Manorinc's impact is focused on providing low-income housing for seniors aged 62 or older, specifically in Midland, MI. Their mission is to offer affordable housing for older adults in a community setting, ensuring that seniors have access to safe and comfortable living spaces at a rate they can afford. By offering this essential service, Cleveland Manorinc directly contributes to improving the quality of life for seniors in need of affordable housing in the Midland area.
This information is meant to be a general summary of Cleveland Manorinc. 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: $18,757
- Program Service Revenue: $603,121
- Gross Receipts: $1,318,752
Assets and Liabilities:
- Total Assets: $6,259,873
- Total Liabilities: $106,365
- Net Assets: $6,153,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$595,851
LAUNDRY MACHINES
Revenue
$4,745
TENANT CHARGES
Revenue
$2,525
Organization Details
Founding Year
1965
Phone
(989) 631-6480Principal Officer
Mary Laffey
Main Address
2200 CLEVELAND AVENUE, MIDLAND, MI, 48640
Website
www.clevelandmanor.orgNTEE Category
Code: P75Z - Human services
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