Overview
What is Marian Heights Inc?
Marian Heights Inc is a dedicated nonprofit organization, situated yet unspecified, that focuses on providing affordable housing for elderly individuals with low income. With a capacity of 42 units, Marian Heights operates as a senior citizens' housing and retirement community, offering a comfortable living space for its residents. The organization's primary mission revolves around catering to the elderly population's housing needs, thereby fostering a supportive and secure environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Marian Heights Inc has received a solid Three-Star rating from Charity Navigator, reflecting an 82% score in Accountability & Finance. This rating indicates a strong commitment to transparency and responsible financial management, showcasing the charity's effective oversight and governance practices.
The organization boasts an impressive independent board composition, with 100% independent members and adequate board size, which enhances its accountability. Additionally, the financial performance metrics are favorable, including a low liabilities to assets ratio and a full allocation of program expenses, demonstrating that funds are being utilized effectively for its mission.
However, while the score highlights strengths in governance and financial stewardship, it does not provide insights into program effectiveness or impact. As such, potential donors and stakeholders may want to seek additional information regarding how Marian Heights Inc translates its financial resources into tangible outcomes in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Marian Heights Inc legitimate?
Marian Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marian Heights 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: $136,164
For more financial information, click here
What is the mission statement of Marian Heights Inc?
Marian Heights Inc, as a organization, is dedicated to providing low-income elderly housing. They accomplish this through the operation of 42 units, functioning as a senior citizens housing and retirement community. The mission of Marian Heights Inc is to offer a living environment that caters to the needs of the elderly, ensuring they maintain a dignified and comfortable lifestyle. The organization's focus is on providing affordable housing options, thereby addressing the housing needs of the elderly population who may be on a limited income.
Who is the CEO of Marian Heights Inc?
Mother Mary Janice Zduncz is the Principal Officer of Marian Heights Inc.
What is the revenue of Marian Heights Inc?
Marian Heights Inc's revenue in 2022 was $625,817.
Who are the executives of Marian Heights Inc and what are their salaries?
Here are 4 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
Where can I find the form 990 for Marian Heights Inc?
Marian Heights Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marian Heights Inc
Marian Heights Inc, a distinguished nonprofit organization, is dedicated to providing low-income elderly housing. With a mission to cater to this specific demographic, Marian Heights operates as a senior citizens housing and retirement community, offering 42 units. Residents of Marian Heights benefit from a living environment that prioritizes their needs, ensuring they maintain a comfortable and dignified lifestyle in their golden years.
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Impact
July, 2024
Marian Heights Inc's impact is significant in providing low-income elderly individuals with housing opportunities through its 42 units in New Britain, CT. By operating as a senior citizens housing and retirement community, Marian Heights addresses the critical need for affordable housing for the elderly population. This enables older individuals with limited financial resources to live in a safe and supportive environment, promoting their well-being and overall quality of life. Through its mission of providing low-income elderly housing, Marian Heights plays a vital role in enhancing the lives of seniors in the community.
This information is meant to be a general summary of Marian Heights 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: $168
- Program Service Revenue: $625,649
- Gross Receipts: $625,817
Assets and Liabilities:
- Total Assets: $6,425,111
- Total Liabilities: $68,303
- Net Assets: $6,356,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$625,649
Organization Details
Founding Year
2006
Phone
(203) 248-6809Principal Officer
Mother Mary Janice Zduncz
Main Address
314 OSGOOD AVENUE, NEW BRITAIN, CT, 06053
NTEE Category
Code: L22 - Housing
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