Overview
What is Mrc Melrose Housing Development Fund Corporation?
The Mrc Melrose Housing Development Fund Corporation is a nonprofit organization with a primary mission to develop affordable housing for individuals of low income. Established for this specific purpose, the organization operates with the aim of constructing and maintaining tax-exempt residential properties that cater to those with limited financial means. By devoting its resources to this initiative, Mrc Melrose Housing Development Fund Corporation endeavors to contribute positively to housing affordability and social equality within its community.
Official website here: www.mrcbx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Mrc Melrose Housing Development Fund Corporation has received a 66% rating from Charity Navigator, indicating a Two-Star evaluation primarily based on its Accountability & Finance score. This reflects a moderate level of financial health and governance, with strong marks for board independence and various policies, including conflict of interest and whistleblower protections.
Despite achieving full scores in categories such as board independence and program expense ratio, the organization struggled significantly with financial statements and liabilities to assets ratio. The lack of detailed financial reporting has raised concerns about transparency, which is a crucial aspect of nonprofit accountability.
The overall performance shows that while the organization maintains good governance practices, it needs to improve its financial documentation to enhance its credibility. Strengthening these areas could help build trust with donors and stakeholders, fostering a more transparent operational environment.
This AI summary has been generated from information found on Charity Navigator.
Is Mrc Melrose Housing Development Fund Corporation legitimate?
Mrc Melrose Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mrc Melrose Housing Development Fund 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.mrcbx.org
What is the mission statement of Mrc Melrose Housing Development Fund Corporation?
The Mrc Melrose Housing Development Fund Corporation is established with the primary objective of developing affordable housing projects for individuals of low income, on a tax-exempt basis. The corporation's mission is centered around providing housing solutions for this demographic, aiming to contribute to their living circumstances in a meaningful way. The corporation operates with a focus on creating affordable housing projects specifically designed for individuals with limited financial resources.
Official website here: www.mrcbx.org
Who is the CEO of Mrc Melrose Housing Development Fund Corporation?
Paul Moore is the President of Mrc Melrose Housing Development Fund Corporation.
Official website here: www.mrcbx.org
What is the revenue of Mrc Melrose Housing Development Fund Corporation?
Mrc Melrose Housing Development Fund Corporation's revenue in 2022 was $551,042.
Official website here: www.mrcbx.org
Who are the executives of Mrc Melrose Housing Development Fund Corporation and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $139,930
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mrcbx.org
Where can I find the form 990 for Mrc Melrose Housing Development Fund Corporation?
Mrc Melrose Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrcbx.org
Learn more at the official website: www.mrcbx.org
Mission Statement of Mrc Melrose Housing Development Fund Corporation
Mrc Melrose Housing Development Fund Corporation is a nonprofit organization dedicated to the development of affordable housing for individuals of low income. The corporation's mission is to build such housing projects on a tax-exempt basis, ensuring that these housing solutions remain affordable for those in need. By focusing on this critical aspect, Mrc Melrose Housing Development Fund Corporation aims to contribute to the overall well-being and stability of its intended community members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mrc Melrose Housing Development Fund Corporation's impact is significant in providing affordable housing opportunities for individuals of low income in the Bronx, New York. By focusing on developing affordable housing projects on a tax-exempt basis, the corporation helps address the crucial need for accessible housing options in the community. This targeted approach serves a vulnerable population and contributes to enhancing the overall quality of life for individuals facing financial challenges. The Corporation's dedication to affordable housing aligns with the mission of supporting those in need and making a positive difference in the community.
This information is meant to be a general summary of Mrc Melrose Housing Development Fund 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.
- Program Service Revenue: $550,243
- Gross Receipts: $551,042
Assets and Liabilities:
- Total Assets: $3,780,025
- Total Liabilities: $4,130,212
- Net Assets: -$350,187
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$550,243
Organization Details
Founding Year
2013
Phone
(718) 589-7858Principal Officer
Paul Moore
Main Address
576B EAST 165TH STREET, BRONX, NY, 10456
Website
www.mrcbx.orgNTEE Category
Code: L21 - Housing
If you are a representative of Mrc Melrose Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.