Overview
What is The Mulford Corporation?
The Mulford Corporation is a nonprofit organization situated in Yonkers, New York, specifically at 1511 Central Park Avenue. Its primary mission is to enhance the accessibility of low-income housing within the city. They accomplish this objective by providing social services to residents living in housing projects managed by the Municipal Housing Authority for Yonkers. To further supplement these housing projects, they also aim to raise funds. In essence, The Mulford Corporation is committed to improving living conditions for individuals and families with limited financial resources, making low-income housing more accessible in Yonkers.
Official website here: www.mhacy.org/the-mulford-corporation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
The Mulford Corporation has received a 58% score from Charity Navigator, indicating a One-Star rating. This score reflects significant challenges in the organization's accountability and financial transparency. While the corporation boasts a fully independent board with no material diversion of assets, there are critical areas lacking attention, such as missing financial statements and policies for whistleblower protection and document retention.
Strengths of the organization include a strong commitment to board independence and a favorable liabilities to assets ratio at 2.69%. The organization does have some transparency practices, such as maintaining board meeting minutes and listing its website on the tax form. However, the absence of key financial documents and policies raises concerns about its overall governance and operational transparency.
The program expense ratio stands at 58.07%, suggesting that a little more than half of its expenses are directed toward its programs. This indicates some efficiency in utilizing funds for its mission, but the lack of comprehensive financial reporting could undermine confidence in its overall management. Overall, The Mulford Corporation has several strengths, but improvements in transparency and policy adherence are essential for enhancing its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Mulford Corporation legitimate?
The Mulford Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mulford 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mhacy.org/the-mulford-corporation
What is the mission statement of The Mulford Corporation?
The Mulford Corporation's mission is centered around enhancing the accessibility of low-income housing. Specifically, they aim to provide social services to residents living in low and moderate income housing projects, primarily managed by the Municipal Housing Authority for the City of Yonkers. Furthermore, they engage in fundraising activities to supplement these housing projects, with the ultimate goal of increasing the availability of affordable living options for individuals with limited financial resources.
Official website here: www.mhacy.org/the-mulford-corporation
Who is the CEO of The Mulford Corporation?
Brian Sweeney is the Chair of The Mulford Corporation. The CEO's salary of The Mulford Corporation is $0 and their total compensation is $259,858.
Official website here: www.mhacy.org/the-mulford-corporation
What is the revenue of The Mulford Corporation?
The Mulford Corporation's revenue in 2022 was $873,353.
Official website here: www.mhacy.org/the-mulford-corporation
Who are the executives of The Mulford Corporation and what are their salaries?
There 8 volunteers at The Mulford Corporation.
Here are 11 key members and their salaries (The Mulford Corporation's CEO's salary is $0 and their total compensation is $259,858):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $257,108
- Other: $2,750
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.mhacy.org/the-mulford-corporation
Where can I find the form 990 for The Mulford Corporation?
The Mulford Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhacy.org/the-mulford-corporation
Learn more at the official website: www.mhacy.org/the-mulford-corporation
Mission Statement of The Mulford Corporation
The Mulford Corporation, a not-for-profit organization, is dedicated to increasing the accessibility of low-income housing. By providing social services to residents of the low and moderate income housing projects operated by the Municipal Housing Authority for the City of Yonkers, it aims to make housing more reachable for those in need. Furthermore, The Mulford Corporation raises funds to supplement the low-income housing projects operated by the Municipal Housing Authority, thereby enhancing its mission to make housing more accessible.
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Impact
July, 2024
The Mulford Corporation's impact lies in its mission to increase the accessibility of low-income housing in Yonkers, NY. By providing social services to residents of low and moderate-income housing projects operated by the Municipal Housing Authority for the City of Yonkers, The Mulford Corporation plays a crucial role in supporting individuals in need. Additionally, the organization's efforts to raise funds to supplement the low-income housing projects further contribute to improving the living conditions of vulnerable populations. Through their philanthropic activities, The Mulford Corporation actively promotes a more inclusive and supportive community for those facing economic challenges in Yonkers.
This information is meant to be a general summary of The Mulford 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.
- Investment Income: $11,480
- Program Service Revenue: $857,873
- Gross Receipts: $873,353
Assets and Liabilities:
- Total Assets: $20,053,042
- Total Liabilities: $541,257
- Net Assets: $19,511,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$857,873
Organization Details
Founding Year
2008
Phone
(410) 505-8936Principal Officer
Brian Sweeney
Main Address
1511 CENTRAL PARK AVE, YONKERS, NY, 10710
NTEE Category
Code: T30 - Philanthropy
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