Overview
What is Nm Carroll Manor Inc?
Nm Carroll Manor Inc is a nonprofit organization located in Baltimore, Maryland, with an address at 701 N Arlington Ave, 21217. Their primary mission is to provide affordable housing for low-income elderly and handicapped individuals. This mission is accomplished through the operation of a 100-unit apartment complex, which adheres to Section 202 of the National Housing Act and participates in the Section 8 Housing Assistance Payment program. The organization also offers a sheltered housing program, providing meals to eligible tenants. Regulated by HUD, they ensure reasonable rent charges and operating methods for the housing facility. The overall objective is to promote housing opportunities and support for this vulnerable demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Nm Carroll Manor Inc has achieved an 82% score, reflecting a solid level of accountability and financial health. The charity's rating is based entirely on its accountability and finance score, which indicates a robust performance in key areas such as board independence and financial oversight. The organization has an independent board with all members meeting the required standards, and its financial statements are audited, showcasing transparency and good governance.
The charity demonstrates impressive financial management, highlighted by a program expense ratio of 80.72%, indicating that a significant portion of its expenses directly supports its programs. Additionally, it maintains a favorable liabilities to assets ratio of 49.79%, suggesting a balanced financial position. The absence of material diversion of assets further reinforces its strong accountability practices.
Overall, Nm Carroll Manor Inc displays commendable financial practices and governance structures, which contribute positively to its operational effectiveness. While the rating reflects strengths in accountability and finance, it is essential for potential donors to consider the charity’s specific programs and outcomes to fully assess its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Nm Carroll Manor Inc legitimate?
Nm Carroll Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nm Carroll Manor 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: $494,718
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What is the mission statement of Nm Carroll Manor Inc?
Nm Carroll Manor Inc is committed to promoting housing opportunities for low-income elderly and handicapped individuals. The organization's mission is to provide a suitable living environment for this group of people, adhering to the guidelines set by the National Housing Act's Section 202. The corporation operates an apartment complex consisting of 100 units, specifically designed for this demographic. It participates in the Section 8 Housing Assistance Payment program to ensure affordability. Furthermore, Carroll Manor Inc operates a sheltered housing program, offering meals to eligible tenants to enhance their living experience. The housing facility is regulated by HUD, overseeing rent charges and operational methods.
What is the revenue of Nm Carroll Manor Inc?
Nm Carroll Manor Inc's revenue in 2023 was $1,624,489.
Who are the executives of Nm Carroll Manor Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Nm Carroll Manor Inc?
Nm Carroll Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nm Carroll Manor Inc
Nm Carroll Manor Inc, as a nonprofit organization, is dedicated to promoting housing opportunities for low-income elderly and handicapped individuals. Its mission is to provide suitable living facilities for this specific demographic, ensuring they have access to housing that caters to their unique needs. The Corporation operates an apartment complex with 100 units, adhering to Section 202 of the National Housing Act and participating in the Section 8 Housing Assistance Payment program. This commitment to affordable housing extends to the operation of a sheltered housing program, which offers meals to eligible tenants. The facility, regulated by HUD, maintains a focus on affordable rent charges and operating methods, ensuring that the needs of its residents are prioritized and met effectively.
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Impact
July, 2024
Nm Carroll Manor Inc's impact is significant in providing much-needed housing for low-income elderly and handicapped individuals in Baltimore, Maryland. By owning and operating a complex with 100 units specifically designed for this demographic, the organization is addressing the critical need for affordable and accessible housing in the community. Through its participation in government housing programs such as Section 202 of the National Housing Act and the Section 8 Housing Assistance Payment program, Nm Carroll Manor Inc is able to offer vital support to those in need. Additionally, the sheltered housing program that provides meals to eligible tenants demonstrates a commitment to holistic care for residents. Overall, Nm Carroll Manor Inc plays a crucial role in ensuring that vulnerable populations have a safe and stable place to call home.
This information is meant to be a general summary of Nm Carroll Manor 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 2023.
- Investment Income: $1,303
- Program Service Revenue: $1,366,665
- Gross Receipts: $1,624,489
Assets and Liabilities:
- Total Assets: $7,172,798
- Total Liabilities: $3,495,543
- Net Assets: $3,677,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant rent
Revenue
$1,366,665
Organization Details
Founding Year
1976
Principal Officer
Rev Raymond Wilson
NTEE Category
Code: L22 - Housing
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