Overview
What is Marian Housing Center Inc?
Marian Housing Center Inc., established in 1985, is a nonprofit organization based in Racine, Wisconsin. Its primary mission is to construct and manage a 40-unit rental housing project, regulated by the HUD, under Section 236 of the National Housing Act. The project, known as Marian Housing Center, provides affordable housing options to its residents. The organization's purpose is to contribute to the community by offering suitable housing solutions, ensuring that rent charges and operating methods are in compliance with HUD regulations.
Is Marian Housing Center Inc legitimate?
Marian Housing Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marian Housing Center 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: $114,077
For more financial information, click here
What is the mission statement of Marian Housing Center Inc?
Marian Housing Center Inc., established in 1985, was founded as a non-profit organization with the objective of constructing and managing a rental housing project under Section 236 of the National Housing Act. This project, regulated by HUD, is intended to control rent charges and operating methods. The organization manages a 40-unit apartment community, known as Marian Housing Center, to provide housing solutions. While the provided information does not detail a specific mission statement, it implies that Marian Housing Center Inc.'s primary purpose is to offer affordable housing opportunities to its residents.
Who is the CEO of Marian Housing Center Inc?
Melissa Clayton is the President/Director of Marian Housing Center Inc.
What is the revenue of Marian Housing Center Inc?
Marian Housing Center Inc's revenue in 2022 was $437,665.
Who are the executives of Marian Housing Center Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Marian Housing Center Inc?
Marian Housing Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marian Housing Center Inc
Marian Housing Center Inc was established as a non-profit organization in 1985, with a primary objective to construct and manage a rental housing project. This project, known as Marian Housing Center, falls under Section 236 of the National Housing Act and is regulated by the HUD, ensuring appropriate rent charges and operating methods. The organization's mission involves constructing and managing a 40-unit apartment community, providing affordable housing solutions for its residents.
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Impact
October, 2024
Marian Housing Center Inc significantly contributes to the community by providing affordable rental housing options in Racine, Wisconsin. Since its establishment in 1985, the Center has focused on addressing the housing needs of residents, particularly those who may face challenges accessing safe and stable housing.
The 40-unit apartment complex known as Marian Housing Center not only meets the local demand for affordable living spaces but also adheres to regulations set by HUD, ensuring that rent charges remain manageable for tenants. This approach helps promote housing stability for low-income families and individuals, fostering a sense of community and belonging.
Moreover, by operating under the guidelines stipulated by the National Housing Act, Marian Housing Center Inc plays a vital role in the larger effort to enhance the quality of life for its residents. Through its commitment, the Center helps alleviate the housing crisis faced by many, contributing to the overall economic and social well-being of the area.
This information is meant to be a general summary of Marian Housing Center 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: $304
- Program Service Revenue: $147,556
- Gross Receipts: $437,665
Assets and Liabilities:
- Total Assets: $702,600
- Total Liabilities: $1,121,004
- Net Assets: -$418,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$143,638
ANCILLARY SERVICES
Revenue
$2,893
OTHER REVENUE
Revenue
$1,025
Organization Details
Founding Year
1985
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
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