Overview
What is Catholic Ministry To The Elderly?
Catholic Ministry To The Elderly, established in 1978 in Delaware, has a mission to provide affordable housing for low-income elderly and handicapped individuals. Initially, they owned and managed Marydale Retirement Community, a HUD-subsidized housing project with 108 units. Currently, they operate this project as the general partner of Marydale Preservation Associates, LLC (MPA). MPA manages Marydale Retirement Village, a HUD-subsidized housing project that continues to serve this population. The nonprofit employs a team of six dedicated individuals.
Official website here: www.ccwilm.org/marydale-retirement-village/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
Catholic Ministry To The Elderly has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization scores well in areas such as having a majority of independent board members and a strong liability-to-assets ratio, it falls short in critical areas like program expense ratio and governance policies.
The nonprofit has demonstrated strengths in its independent governance, ensuring that board members are not closely tied to the organization. However, the low program expense ratio suggests that a minimal portion of its funds is directed towards its programs, raising questions about the organization's overall impact and effectiveness in serving the elderly community.
Additionally, the lack of a whistleblower policy and shortcomings in document retention practices highlight governance weaknesses that could potentially undermine transparency and accountability. Overall, while the organization maintains certain structural strengths, its performance in key operational areas warrants scrutiny and poses challenges to its mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Ministry To The Elderly legitimate?
Catholic Ministry To The Elderly is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Ministry To The Elderly 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: $271,267
For more financial information, click here
Official website here: www.ccwilm.org/marydale-retirement-village/
What is the mission statement of Catholic Ministry To The Elderly?
Catholic Ministry To The Elderly's mission is centered around participating as a general partner in Marydale Preservation Associates, LLC (MPA), a Low-Income Housing Tax Credit project. MPA manages Marydale Retirement Village, a HUD-subsidized housing project that provides affordable living accommodations for low-income elderly and disabled individuals. The ministry's role in this partnership focuses on supporting this housing project, which aims to provide a secure living environment for its residents.
Official website here: www.ccwilm.org/marydale-retirement-village/
Who is the CEO of Catholic Ministry To The Elderly?
Joseph Corsini is the President of Catholic Ministry To The Elderly.
Official website here: www.ccwilm.org/marydale-retirement-village/
What is the revenue of Catholic Ministry To The Elderly?
Catholic Ministry To The Elderly's revenue in 2023 was $2,455,895.
Official website here: www.ccwilm.org/marydale-retirement-village/
Who are the executives of Catholic Ministry To The Elderly and what are their salaries?
The average compensation at Catholic Ministry To The Elderly during 2023 was $45,211. There are 6 employees at Catholic Ministry To The Elderly.
Here are 5 key members and their salaries:
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Official website here: www.ccwilm.org/marydale-retirement-village/
Where can I find the form 990 for Catholic Ministry To The Elderly?
Catholic Ministry To The Elderly's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ccwilm.org/marydale-retirement-village/
Learn more at the official website: www.ccwilm.org/marydale-retirement-village/
Mission Statement of Catholic Ministry To The Elderly
Catholic Ministry to the Elderly, a nonprofit organization, plays a significant role in providing housing solutions for low-income elderly and handicapped individuals. It accomplishes this mission by participating as a general partner in Marydale Preservation Associates, LLC (MPA). This partnership allows MPA to operate Marydale Retirement Village, a HUD-subsidized housing project that offers a safe and supportive living environment. By taking part in this low-income housing tax credit project, Catholic Ministry to the Elderly contributes to the well-being of vulnerable individuals, ensuring they have access to a decent place to live and age with dignity.
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Impact
July, 2024
Catholic Ministry To The Elderly, through its participation as a general partner in Marydale Preservation Associates, LLC (MPA), has had a significant impact on the lives of low-income elderly and handicapped individuals. By operating the Marydale Retirement Village, a HUD-subsidized housing project, the Ministry provides a safe and affordable living environment for this vulnerable population. This impact extends beyond just housing, as it contributes to the overall well-being and dignity of the elderly residents by offering them a sense of community and support. In essence, Catholic Ministry To The Elderly plays a crucial role in ensuring that elderly individuals have access to essential services and resources, thereby improving their quality of life and fostering a sense of belonging and care.
This information is meant to be a general summary of Catholic Ministry To The Elderly. 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: $33,778
- Program Service Revenue: $293,297
- Gross Receipts: $2,455,895
Assets and Liabilities:
- Total Assets: $7,450,188
- Total Liabilities: $0
- Net Assets: $7,450,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENT OF PROGRAM EXPENSES
Revenue
$229,933
MANAGEMENT FEE INCOME
Revenue
$63,504
ACTIVITIES OF LIHTC PROGRAM
Revenue
-$140
Organization Details
Founding Year
1978
Phone
(302) 573-3105Principal Officer
Joseph Corsini
Main Address
135 JEANDELL DR, NEWARK, DE, 197132962
NTEE Category
Code: P81Z - Human services
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