Overview
What is Multi-County Builders?
Multi-County Builders is a nonprofit organization situated in Wabasha, Minnesota, with a specific mission to provide subsidized housing opportunities for families with income levels considered low to moderate. Their operations have been successful, as evidenced by an occupancy rate of 96.09%. This nonprofit's primary objective is to ensure affordable housing for a significant number of days, approximately 19,760, to families in need.
Official website here: www.semmchra.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Multi-County Builders has achieved an 81% rating on Charity Navigator, reflecting a strong performance in accountability and finance. The rating is based entirely on a single beacon score focused on financial health and operational transparency. The organization excels in having an independent board and comprehensive financial oversight, which contributes positively to its overall score.
Strengths include a majority of independent board members and a robust auditing process, which helps ensure responsible management of funds. The charity demonstrates excellent program expense ratios at 94.74%, indicating that a significant portion of its resources is directed towards its mission-related programs. This commitment to accountability is reinforced by their well-documented policies and practices, including conflict of interest and whistleblower policies.
However, a notable limitation is the organization's liabilities to assets ratio, which scored 0 out of 15 points. This suggests potential financial concerns that could impact its sustainability. Overall, while Multi-County Builders shows commendable governance and financial practices, stakeholders should remain aware of the liabilities aspect as they consider their support.
This AI summary has been generated from information found on Charity Navigator.
Is Multi-County Builders legitimate?
Multi-County Builders is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multi-County Builders 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: $0
For more financial information, click here
Official website here: www.semmchra.org
What is the mission statement of Multi-County Builders?
Multi-County Builders, as an organization, is committed to providing subsidized housing opportunities for individuals with low to moderate income levels. Their primary mission is to ensure that this housing is accessible, catering specifically to families within this income bracket. The organization successfully provided 19,760 days of subsidized housing in the recent past, maintaining an occupancy rate of 96.09%. This demonstrates their dedication to making a significant impact in the lives of those in need, by offering affordable housing solutions.
Official website here: www.semmchra.org
Who is the CEO of Multi-County Builders?
Bobbi Willers is the President of Multi-County Builders.
Official website here: www.semmchra.org
What is the revenue of Multi-County Builders?
Multi-County Builders's revenue in 2022 was $550,485.
Official website here: www.semmchra.org
Who are the executives of Multi-County Builders and what are their salaries?
Here are 6 key members and their salaries:
- 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: $38,526
- Other: $10,907
- Compensation: $0
- Related: $70,157
- Other: $27,527
Official website here: www.semmchra.org
Where can I find the form 990 for Multi-County Builders?
Multi-County Builders's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.semmchra.org
Learn more at the official website: www.semmchra.org
Mission Statement of Multi-County Builders
Multi-County Builders, as a nonprofit organization, is committed to providing subsidized housing for individuals and families with low to moderate income levels. Their primary mission is to ensure that affordable housing is accessible to those who need it most, contributing to a more equitable living environment. In pursuit of this mission, Multi-County Builders successfully offered 19,760 days of subsidized housing, demonstrating a high occupancy rate of 96.09%. This dedication to providing affordable housing is instrumental in supporting the well-being and stability of those in need, enabling them to focus on other aspects of their lives.
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Impact
July, 2024
Multi-County Builders provides subsidized housing for people with low to moderate income levels. In the city of Wabasha, Minnesota, they have provided 19,760 days of subsidized housing for families in need. With an impressive occupancy rate of 96.09%, their impact is tangible in addressing housing insecurity among low-income individuals and families. Their mission to provide affordable housing plays a vital role in supporting those who are economically disadvantaged.
This information is meant to be a general summary of Multi-County Builders. 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: -$364
- Program Service Revenue: $550,849
- Gross Receipts: $550,849
Assets and Liabilities:
- Total Assets: $3,128,534
- Total Liabilities: $2,293,611
- Net Assets: $834,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIZED RENTS
Revenue
$539,461
TENANT SERVICES
Revenue
$11,388
Organization Details
Founding Year
1995
Phone
(651) 565-2638Principal Officer
Bobbi Willers
Main Address
134 EAST SECOND STREET, WABASHA, MN, 55981
Website
www.semmchra.orgNTEE Category
Code: L22 - Housing
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