Overview
What is Mhdc Clintonville Inc?
Mhdc Clintonville Inc is a nonprofit organization situated in Chicago, Illinois, dedicated to supplying affordable housing accommodations for individuals with modest and low incomes. By employing strategies such as development, syndication, and management, Mhdc Clintonville Inc aims to make housing readily available for this demographic segment, thereby contributing to the community's social fabric.
What are the reviews and ratings of this charity?
Charity Navigator rating: 64%, Two-Star out of Four Star rating.
Mhdc Clintonville Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. With an overall score of 64%, the organization shows strengths in its program expense ratio, indicating that nearly all its expenses are allocated to its programs. However, significant issues are evident in its governance, particularly the absence of independent board members, which raises questions about oversight and accountability.
There are also notable shortcomings in transparency, as the nonprofit failed to provide its website on the tax form and did not post its tax form on its website as required. While it maintains a conflict of interest policy and has documented board meeting minutes, the lack of independent oversight and missing financial disclosure on its site detracts from its overall credibility. These factors contribute to a lower score in the accountability and finance category, which is a critical area for potential donors to consider.
In summary, while Mhdc Clintonville Inc demonstrates effective program spending, its governance structure and transparency issues may pose risks for donors looking for reliable and accountable nonprofits. Potential supporters should weigh these factors alongside the organization's mission and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mhdc Clintonville Inc legitimate?
Mhdc Clintonville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhdc Clintonville 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: $702,255
For more financial information, click here
What is the mission statement of Mhdc Clintonville Inc?
Mhdc Clintonville Inc's mission is centered around providing housing facilities for individuals with low and moderate income levels. They achieve this goal through various strategies such as development, syndication, and management. The organization's mission is to make affordable housing a reality for those in need, thereby contributing to a more equitable living situation for these individuals. Mhdc Clintonville Inc is committed to improving living conditions for this demographic, providing them with the essential right to housing.
Who is the CEO of Mhdc Clintonville Inc?
Gilbert Torres is the President of Mhdc Clintonville Inc.
What is the revenue of Mhdc Clintonville Inc?
Mhdc Clintonville Inc's revenue in 2022 was $2,098,817.
Who are the executives of Mhdc Clintonville Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Mhdc Clintonville Inc?
Mhdc Clintonville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mhdc Clintonville Inc
Mhdc Clintonville Inc, as a mission-driven organization, is committed to providing affordable housing facilities for individuals with low and moderate income levels. By leveraging strategies such as development, syndication, and management, this nonprofit works tirelessly to make housing an attainable resource for those who may otherwise struggle to secure it. In essence, Mhdc Clintonville Inc serves as a crucial beacon of hope for those seeking stable housing, enabling them to focus on other aspects of their lives with peace of mind.
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Impact
July, 2024
Mhdc Clintonville Inc's impact lies in providing essential housing facilities for low and moderate-income individuals in Chicago, IL. Through their development, syndication, and management efforts, they contribute significantly to addressing the housing needs of the community. Their focus on providing affordable housing helps improve the quality of life for individuals and families in need, ultimately contributing to community improvement in Chicago.
This information is meant to be a general summary of Mhdc Clintonville 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: $478
- Program Service Revenue: $2,098,339
- Gross Receipts: $2,098,817
Assets and Liabilities:
- Total Assets: $5,136,474
- Total Liabilities: $4,897,519
- Net Assets: $238,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,098,339
Organization Details
Founding Year
2014
Phone
(920) 832-8094Principal Officer
Gilbert Torres
Main Address
8 S MICHIGAN AVE STE 3100, CHICAGO, IL, 60603
NTEE Category
Code: S21Z - Community improvement
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