Overview
What is Michigan Share Corporation?
Michigan Share Corporation is a nonprofit organization situated in Saint Clair Shores, Michigan. Their primary focus is on providing group homes for individuals with mental impairments, supporting around 20 residents. Funding for their operations comes from two sources: Community Mental Health through a local mental health board, as well as a charitable funding agency. The organization's mission revolves around caring for and supporting these individuals, offering a safe and nurturing environment for their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Michigan Share Corporation has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scores 75% overall, derived entirely from its Accountability & Finance score, which reflects its commitment to transparency and responsible management of funds. The solid score suggests that donors can trust the organization to utilize contributions effectively.
Strengths highlighted include a strong governance structure, with 75% of board members being independent, which enhances oversight and accountability. The organization also excels in financial management, evidenced by a high program expense ratio of 89.31%, indicating that a large portion of funds is directed toward its mission-related activities. Additionally, Michigan Share Corporation maintains robust policies such as a whistleblower policy and document retention practices, further demonstrating its commitment to ethical operations.
While the organization has shown strengths in accountability and financial management, ongoing communication regarding program impact and outcomes could enhance donor engagement and confidence. Overall, the positive rating reflects a solid organizational foundation, with areas for potential growth in transparency about its program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Share Corporation legitimate?
Michigan Share Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Share 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: $51,373
Professional Fundraising Fees: $0
Other Salaries and Wages: $696,548
For more financial information, click here
What is the mission statement of Michigan Share Corporation?
Michigan Share Corporation operates three group homes, providing care for individuals with mental impairments. Their mission is primarily focused on this service. Funding for their operations is sourced from Community Mental Health through a community mental health board and a charitable funding agency. The organization's primary goal is to provide a supportive living environment for these individuals, ensuring their well-being and quality of life. The corporation serves approximately 20 residents, aiming to enhance their daily living experiences and promote their overall development.
Who is the CEO of Michigan Share Corporation?
Ada Mcmillan is the President of Michigan Share Corporation.
What is the revenue of Michigan Share Corporation?
Michigan Share Corporation's revenue in 2022 was $941,699.
Who are the executives of Michigan Share Corporation and what are their salaries?
The average compensation at Michigan Share Corporation during 2022 was $24,126. There are 31 employees at Michigan Share Corporation.
Here are 4 key members and their salaries:
- Compensation: $51,373
- 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 Michigan Share Corporation?
Michigan Share Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michigan Share Corporation
Michigan Share Corporation, a nonprofit organization, is dedicated to providing care for individuals with mental impairments. Its mission is twofold: it operates three group homes that serve as sanctuaries for around 20 residents in need. The funding for these homes comes from two primary sources. Firstly, there's Community Mental Health, which contributes through a community mental health board. Secondly, a charitable funding agency provides additional support. This organization's mission is instrumental in providing a secure and supportive environment for those with mental impairments, enabling them to live with dignity and care.
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Impact
July, 2024
Michigan Share Corporation's impact can be seen in the care provided to approximately 20 mentally impaired individuals residing in their three group homes in Saint Clair Shores, Michigan. The organization receives funding from Community Mental Health through a community mental health board and a charitable funding agency. By offering a supportive and nurturing environment, Michigan Share Corporation plays a crucial role in enhancing the quality of life for these individuals and ensuring they receive the care they need to thrive.
This information is meant to be a general summary of Michigan Share 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.
- Gross Receipts: $941,699
Assets and Liabilities:
- Total Assets: $66,584
- Total Liabilities: $75,364
- Net Assets: -$8,780
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Organization Details
Founding Year
1976
Phone
(586) 453-8676Principal Officer
Ada Mcmillan
Main Address
PO Box 404, Saint Clair Shores, MI, 48080
NTEE Category
Code: P73Z - Human services
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