Overview
What is The Center Of More Abundant Life C/O Wp&M Real Estate?
The Center of More Abundant Life C/O Wp&M Real Estate is a nonprofit organization located in Owings Mills, Maryland. Their primary mission is to provide affordable housing for the elderly, utilizing funds from the Department of Housing and Urban Development's Section 202 program. Through this public assistance, they offer a living space that caters specifically to the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%, Two-Star out of Four Stars)
The Center Of More Abundant Life has received a "Needs Improvement" rating from Charity Navigator, reflecting both strengths and areas for growth. The organization has demonstrated strong governance practices with 100% independent board members and excellent scores in financial oversight, including a high program expense ratio of 94.03%. However, the liabilities to assets ratio is concerning at 239.48%, indicating potential financial instability.
While the organization excels in certain accountability measures, it falls short in several key areas. Notably, the absence of a conflict of interest policy and a whistleblower policy raises questions about transparency and ethical practices. Additionally, the charity's website is not listed on its tax form, which may hinder public access to essential information.
Overall, The Center Of More Abundant Life shows a commitment to its programs but needs to address its financial liabilities and enhance its governance policies. Improving these aspects could bolster its accountability and reliability in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Center Of More Abundant Life C/O Wp&M Real Estate legitimate?
The Center Of More Abundant Life C/O Wp&M Real Estate is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center Of More Abundant Life C/O Wp&M Real Estate 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: $275,434
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What is the mission statement of The Center Of More Abundant Life C/O Wp&M Real Estate?
The Center of More Abundant Life, through Wp&M Real Estate, is dedicated to providing housing solutions for the elderly. They accomplish this mission by leveraging public assistance funds under the Department of Housing and Urban Development's Section 202 program. The organization's primary goal is to offer suitable living arrangements for the elderly population, contributing to their well-being and quality of life. The housing provided by this organization aims to foster a sense of community and ensure that the elderly have access to essential facilities and services.
Who is the CEO of The Center Of More Abundant Life C/O Wp&M Real Estate?
Monroe R Saunders Jr is the President of The Center Of More Abundant Life C/O Wp&M Real Estate.
What is the revenue of The Center Of More Abundant Life C/O Wp&M Real Estate?
The Center Of More Abundant Life C/O Wp&M Real Estate's revenue in 2022 was $1,222,129.
Who are the executives of The Center Of More Abundant Life C/O Wp&M Real Estate and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Center Of More Abundant Life C/O Wp&M Real Estate?
The Center Of More Abundant Life C/O Wp&M Real Estate's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Center Of More Abundant Life C/O Wp&M Real Estate
The Center of More Abundant Life C/O Wp&M Real Estate is dedicated to providing housing solutions for the elderly population. This non-profit organization operates under the Department of Housing and Urban Development's Section 202 program, utilizing public assistance funds. Their primary mission is to offer housing facilities for the elderly, ensuring they have a safe and comfortable living environment. By doing so, The Center of More Abundant Life C/O Wp&M Real Estate contributes to the well-being and independence of senior citizens, enabling them to maintain their dignity and quality of life.
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Impact
July, 2024
The Center Of More Abundant Life C/O Wp&M Real Estate's impact lies in providing essential housing for the elderly through the Department of Housing and Urban Development Section 202 program funded by public assistance. Located in Owings Mills, MD, the organization's mission focuses on ensuring that elderly individuals have access to safe and affordable housing. Through their dedicated efforts, they contribute to improving the quality of life for senior citizens in need, offering them a comfortable and secure living environment. This impact is crucial in supporting the well-being and dignity of the elderly population, enhancing their overall quality of life.
This information is meant to be a general summary of The Center Of More Abundant Life C/O Wp&M Real Estate. 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: $354
- Program Service Revenue: $1,221,775
- Gross Receipts: $1,222,129
Assets and Liabilities:
- Total Assets: $1,415,491
- Total Liabilities: $3,475,350
- Net Assets: -$2,059,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$930,667
APARTMENT - RENTS
Revenue
$281,060
RENTAL RELATED INCOME
Revenue
$10,048
Organization Details
Founding Year
1972
Phone
(410) 727-5525Principal Officer
Monroe R Saunders Jr
Main Address
11433 CRONRIDGE DRIVE, OWINGS MILLS, MD, 21117
NTEE Category
Code: L22 - Housing
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