Overview
What is Murphy Lake Apartments Housing Corporation?
Murphy Lake Apartments Housing Corporation is a public housing organization situated in Kansas City, Missouri. Their primary objective is to offer affordable housing options for individuals with low income. By serving as an apartment complex, they provide a vital living space for their residents. Their mission is deeply rooted in the community, striving to meet the housing needs of those who require assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Murphy Lake Apartments Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a score of 73%. This rating reflects strengths in accountability and finance, with a perfect score in several categories including governance and transparency, as all board members are independent and there are no material diversions of assets.
The organization's financial health shows promising signs, notably an impressive program expense ratio of 89.47%, suggesting that a significant majority of expenses are directed towards its programs. The low liabilities to assets ratio of 3.45% further indicates a strong financial position, which can be reassuring for potential donors and stakeholders.
Despite its strengths, the overall two-star rating suggests there may be room for improvement in other areas not evaluated by the accountability and finance metrics. While the organization demonstrates effective governance and financial management, further transparency in program outcomes and impact could enhance its overall rating and appeal to a broader base of support.
This AI summary has been generated from information found on Charity Navigator.
Is Murphy Lake Apartments Housing Corporation legitimate?
Murphy Lake Apartments Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Murphy Lake Apartments Housing 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: $71,964
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What is the mission statement of Murphy Lake Apartments Housing Corporation?
Murphy Lake Apartments Housing Corporation is dedicated to providing affordable housing for individuals with limited income. Their mission, as a housing facility, is to offer a living space that caters to this demographic. The corporation aims to contribute positively to the community by offering comfortable and accessible housing options. They strive to maintain a welcoming environment and ensure the well-being of their residents. The corporation's operations are geared towards making housing more accessible and affordable for those who need it most.
Who is the CEO of Murphy Lake Apartments Housing Corporation?
Father Charles N Rowe is the President of Murphy Lake Apartments Housing Corporation.
What is the revenue of Murphy Lake Apartments Housing Corporation?
Murphy Lake Apartments Housing Corporation's revenue in 2022 was $204,207.
Who are the executives of Murphy Lake Apartments Housing Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Murphy Lake Apartments Housing Corporation?
Murphy Lake Apartments Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Murphy Lake Apartments Housing Corporation
Murphy Lake Apartments Housing Corporation is dedicated to providing low-income housing as its primary mission. This nonprofit organization aims to serve as an apartment complex, offering affordable housing solutions to individuals who may not have access to such resources otherwise. By fulfilling this mission, Murphy Lake Apartments Housing Corporation contributes to the overall well-being of its community by ensuring that everyone has a place to call home, regardless of their financial status.
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Impact
October, 2024
Murphy Lake Apartments Housing Corporation plays a significant role in addressing the housing needs of low-income individuals and families in Kansas City, MO. By offering an apartment complex dedicated to affordable housing, it provides stability and security for residents who might otherwise struggle to find suitable living conditions. This initiative helps to combat homelessness and housing insecurity, creating a supportive community environment.
The corporation's focus on low-income housing not only improves the quality of life for its residents but also contributes to the overall health and well-being of the neighborhood. Residents have access to safe, decent housing, which is essential for their physical and mental health. Moreover, stable housing enables families to focus on employment, education, and other opportunities for personal advancement, thereby fostering economic mobility.
In summary, Murphy Lake Apartments Housing Corporation significantly impacts the local community by providing essential housing solutions that promote stability, health, and opportunities for growth among low-income residents.
This information is meant to be a general summary of Murphy Lake Apartments Housing 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: $10
- Program Service Revenue: $204,197
- Gross Receipts: $204,207
Assets and Liabilities:
- Total Assets: $2,020,248
- Total Liabilities: $38,924
- Net Assets: $1,981,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$202,045
LAUNDRY AND VENDING
Revenue
$2,152
Organization Details
Founding Year
2006
Phone
(816) 221-4377Principal Officer
Father Charles N Rowe
Main Address
4001 DR MARTIN LUTHER KING JR 250, KANSAS CITY, MO, 64130
NTEE Category
Code: L990 - Housing
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