Overview
What is Middletown Homes Inc?
Middletown Homes Inc is a nonprofit organization situated in Hamilton, New Jersey, specifically at 1262 Whitehorse-Hamilton Square Road. Their primary mission is to offer independent living opportunities to individuals with special needs, ensuring a secure and comfortable environment. This is achieved through the operation of group homes specifically designed for people with developmental disabilities. The organization's goal is to provide affordable housing solutions for this community, contributing positively to their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Middletown Homes Inc has received a score of 79%, reflecting a solid performance primarily in accountability and finance. This rating is based solely on a single beacon score, emphasizing the organization's financial transparency and governance. Notably, the charity boasts a fully independent board with 100% of its members being independent, as well as a comprehensive conflict of interest policy, which underscores its commitment to ethical management.
The organization excels with a program expense ratio of 79.88%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, which speaks to its financial integrity. However, the Liabilities to Assets Ratio of 80.56% received a score of zero, suggesting that the organization may have high liabilities relative to its assets, which could be a potential concern for financial sustainability.
Overall, while Middletown Homes Inc demonstrates strong governance practices and efficient program funding, the high liability ratio might warrant closer scrutiny regarding its long-term financial health. Nevertheless, the organization's strong commitment to accountability is a positive indicator for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Middletown Homes Inc legitimate?
Middletown Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middletown Homes Inc 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: $10,600
For more financial information, click here
What is the mission statement of Middletown Homes Inc?
Middletown Homes Inc, a organization dedicated to providing services, has a mission to offer affordable housing for individuals with disabilities. This mission is carried out by operating group homes that provide independent living opportunities for people with developmental disabilities. The homes are designed to offer a safe and comfortable environment for these individuals, ensuring they can live with dignity and independence. The organization's primary goal is to enhance the quality of life for these individuals, providing them with a supportive living space.
Who is the CEO of Middletown Homes Inc?
Michael Haggerty is the President/Ceo of Middletown Homes Inc. The CEO's salary of Middletown Homes Inc is $0 and their total compensation is $419,954.
What is the revenue of Middletown Homes Inc?
Middletown Homes Inc's revenue in 2022 was $75,985.
Who are the executives of Middletown Homes Inc and what are their salaries?
There 8 volunteers at Middletown Homes Inc.
Here are 6 key members and their salaries (Middletown Homes Inc's CEO's salary is $0 and their total compensation is $419,954):
- Compensation: $0
- Related: $374,681
- Other: $45,273
- Compensation: $0
- Related: $208,342
- Other: $22,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Middletown Homes Inc?
Middletown Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Middletown Homes Inc
Middletown Homes Inc, a nonprofit organization, is committed to providing a mission that prioritizes affordable housing for individuals with disabilities. Their primary goal is to create a living environment that caters to the unique needs of these individuals, ensuring they have the opportunity to live independently in a safe and comfortable setting. The organization's homes offer a sense of independence and security, enabling people with special needs to thrive and lead fulfilling lives.
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Impact
August, 2024
Middletown Homes Inc's impact is centered around providing independent living opportunities in a safe and comfortable environment for individuals with special needs. By operating group homes for persons with developmental disabilities, Middletown Homes Inc helps to create a supportive community where those in need can thrive. Their mission of providing affordable housing for persons with disabilities contributes positively to the quality of life for these individuals and helps to promote inclusivity and independence. The organization's efforts have a direct and tangible impact on the lives of those they serve, offering a crucial support system for individuals with special needs.
This information is meant to be a general summary of Middletown Homes Inc. 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: $1
- Program Service Revenue: $35,128
- Gross Receipts: $75,985
Assets and Liabilities:
- Total Assets: $1,742,712
- Total Liabilities: $1,386,991
- Net Assets: $355,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$35,128
Organization Details
Founding Year
2012
Phone
(609) 689-0136Principal Officer
Michael Haggerty
Main Address
1262 WHITEHORSE-HAMILTON SQUARE RD, HAMILTON, NJ, 08690
NTEE Category
Code: L20 - Housing
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