Overview
What is Jfm No 5 Corp?
Jfm No 5 Corp is a nonprofit organization situated in Auburn, Maine, specifically at 800 Center Street. Their primary mission is to provide affordable housing for disabled individuals, catering to the communities of Lewiston and Mechanic Falls. The organization's activities revolve around offering four units of low-income housing, prioritizing the needs of disabled individuals in these areas. By offering this housing, Jfm No 5 Corp contributes to the well-being and support of the disabled community in Maine.
Official website here: www.jfmhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Jfm No 5 Corp has achieved an impressive 97% rating from Charity Navigator, indicative of a strong commitment to accountability and financial health. The rating is derived solely from its exceptional performance in accountability and finance, reflecting the organization’s transparency and fiscal responsibility.
Key strengths include a fully independent board with 15 members, robust policies on conflict of interest and whistleblowing, and excellent management of assets, with no material diversion reported. The charity's program expense ratio stands at 86.89%, signifying a high percentage of resources directed toward its mission rather than administrative costs.
While the rating showcases Jfm No 5 Corp's financial integrity and governance, it is important for potential donors to consider the overall impact and effectiveness of its programs. The organization’s focus on accountability is commendable, but further insights into the specific outcomes of its initiatives could enhance understanding of its overall contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Jfm No 5 Corp legitimate?
Jfm No 5 Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jfm No 5 Corp 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: $13,661
For more financial information, click here
Official website here: www.jfmhomes.org
What is the mission statement of Jfm No 5 Corp?
Jfm No 5 Corp is dedicated to providing low-income housing for disabled individuals. This mission is carried out by offering four units of rental housing in Lewiston and Mechanic Falls, Maine. The organization's primary goal is to offer a living space for individuals with disabilities who may be financially challenged. This commitment to affordable housing aims to contribute positively to the lives of these individuals, providing them with a secure and suitable place to live.
Official website here: www.jfmhomes.org
Who is the CEO of Jfm No 5 Corp?
Andrew Cowan is the Director of Jfm No 5 Corp. The CEO's salary of Jfm No 5 Corp is $0 and their total compensation is $204,187.
Official website here: www.jfmhomes.org
What is the revenue of Jfm No 5 Corp?
Jfm No 5 Corp's revenue in 2023 was $70,099.
Official website here: www.jfmhomes.org
Who are the executives of Jfm No 5 Corp and what are their salaries?
Here are 17 key members and their salaries (Jfm No 5 Corp's CEO's salary is $0 and their total compensation is $204,187):
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- Related: $194,581
- Other: $9,606
- Compensation: $0
- Related: $204,304
- Other: $10,362
Official website here: www.jfmhomes.org
Where can I find the form 990 for Jfm No 5 Corp?
Jfm No 5 Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jfmhomes.org
Learn more at the official website: www.jfmhomes.org
Mission Statement of Jfm No 5 Corp
Jfm No 5 Corp, as a nonprofit organization, is committed to providing low-income housing for disabled individuals. Their mission is centered around creating a living space for these individuals, offering them a sense of independence and community. By providing four units of rental housing in Lewiston and Mechanic Falls, Maine, Jfm No 5 Corp is making a significant contribution to the lives of these individuals, enabling them to reside in a supportive environment. This housing not only provides a roof over their heads but also offers a sense of dignity and independence, fostering their overall well-being.
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Impact
August, 2024
Jfm No 5 Corp's impact lies in providing essential low-income housing to disabled individuals in Lewiston and Mechanic Falls, Maine. By offering four units of affordable rental housing, this organization directly addresses a critical need in the community. These efforts not only provide a safe and stable living environment for disabled individuals but also contribute to enhancing their overall quality of life. Through its mission of providing housing to those in need, Jfm No 5 Corp plays a vital role in supporting vulnerable members of the community and creating a more inclusive and compassionate society.
This information is meant to be a general summary of Jfm No 5 Corp. 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: $130
- Program Service Revenue: $15,276
- Gross Receipts: $70,099
Assets and Liabilities:
- Total Assets: $785,104
- Total Liabilities: $22,471
- Net Assets: $762,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$15,276
Organization Details
Founding Year
2012
Phone
(207) 782-2726Principal Officer
Andrew Cowan
Main Address
800 CENTER ST, AUBURN, ME, 04210
Website
www.jfmhomes.orgNTEE Category
Code: L21 - Housing
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