Overview
What is Ilq Inc Marshall Cmi Housing?
Ilq Inc Marshall Cmi Housing is a nonprofit organization situated in West Des Moines, Iowa. Their primary focus is to provide affordable housing for elderly and handicapped individuals, offering a living space in a 16-unit apartment complex. The organization's mission is centered around ensuring that these vulnerable populations have access to suitable housing, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Ilq Inc Marshall Cmi Housing has received a low rating of 58%, resulting in a One-Star out of Four Stars designation from Charity Navigator. This rating indicates significant concerns regarding the organization’s financial health, particularly highlighted by its liabilities to assets ratio of 146.88%, which is a significant red flag for potential financial instability. However, the organization does excel in several accountability aspects, including having a fully independent board and effectively documenting board meeting minutes.
Strengths of Ilq Inc include a high program expense ratio of 69.95%, demonstrating that a substantial portion of its funds is allocated towards its programs rather than administrative costs. Additionally, the organization scores full points for having a majority of independent board members and maintaining an appropriate board size, which are positive indicators of governance.
Despite these strengths, the concerning financial metrics suggest potential vulnerabilities that could impact the organization's long-term sustainability. Stakeholders and potential donors may want to closely examine these financial aspects and consider them when evaluating the overall effectiveness and reliability of Ilq Inc Marshall Cmi Housing's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Ilq Inc Marshall Cmi Housing legitimate?
Ilq Inc Marshall Cmi Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ilq Inc Marshall Cmi Housing 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: $10,134
For more financial information, click here
What is the mission statement of Ilq Inc Marshall Cmi Housing?
Ilq Inc Marshall Cmi Housing, as an organization, is dedicated to providing affordable housing solutions. Specifically, it offers low-rent accommodations in a 16-unit complex, catering to the needs of the elderly and individuals with disabilities. This housing service aims to enhance the quality of life for these individuals by providing them with a secure living environment. The organization's activities primarily revolve around managing and maintaining this housing complex, ensuring it remains a safe and comfortable residence for its residents.
Who is the CEO of Ilq Inc Marshall Cmi Housing?
Susan Holm is the President of Ilq Inc Marshall Cmi Housing.
What is the revenue of Ilq Inc Marshall Cmi Housing?
Ilq Inc Marshall Cmi Housing's revenue in 2023 was $95,610.
Who are the executives of Ilq Inc Marshall Cmi Housing and what are their salaries?
There 8 volunteers at Ilq Inc Marshall Cmi Housing.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ilq Inc Marshall Cmi Housing?
Ilq Inc Marshall Cmi Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ilq Inc Marshall Cmi Housing
Ilq Inc. Marshall CMI Housing is a nonprofit organization dedicated to providing affordable housing solutions. Specifically, it offers low-rent housing in a 16-unit complex catering to the needs of elderly and handicapped individuals. This housing complex serves as a sanctuary for these vulnerable groups, providing them with a safe and comfortable living environment. The organization's mission is to ensure that elderly and handicapped persons have access to suitable housing, thereby enhancing their quality of life.
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Impact
October, 2024
Ilq Inc Marshall Cmi Housing significantly impacts the West Des Moines community by offering affordable housing options specifically designed for elderly and handicapped individuals. By maintaining a 16-apartment complex, the organization plays a crucial role in addressing the housing needs of vulnerable populations, ensuring they have safe and accessible living environments. This not only enhances the quality of life for residents but also promotes stability and independence for those who may otherwise struggle to find adequate housing. Through its focus on low-rent accommodations, Ilq Inc Marshall Cmi Housing contributes to the overall well-being of its community, fostering a sense of belonging and support among its residents.
This information is meant to be a general summary of Ilq Inc Marshall Cmi Housing. 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 2023.
- Investment Income: $165
- Program Service Revenue: $95,445
- Gross Receipts: $95,610
Assets and Liabilities:
- Total Assets: $595,515
- Total Liabilities: $874,727
- Net Assets: -$279,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CONTRACTS GOV AGENCIES
Revenue
$50,712
LOW RENT HOUSING
Revenue
$42,920
FORFEITED SECURITY DEPOSITS
Revenue
$1,044
LAUNDRY AND VENDING
Revenue
$769
Organization Details
Founding Year
1992
Phone
(515) 225-4782Principal Officer
Susan Holm
Main Address
C/O KEYWAY MANAGEMENT, WEST DES MOINES, IA, 50266
NTEE Category
Code: L22 - Housing
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