Overview
What is Mutual Housing Association Of Baltimore Inc?
Mutual Housing Association of Baltimore Inc, situated at 1012 Richwood Avenue, Baltimore, Maryland 21212, is a nonprofit organization dedicated to addressing the housing needs of individuals with modest income levels. With a team of 10 dedicated employees, the Association is committed to constructing and maintaining affordable housing units within its community. Its mission revolves around providing a stable living environment for those who may otherwise find it challenging to secure affordable housing. The organization's activities are centered around this mission, ensuring that low-income individuals have access to comfortable and secure housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Mutual Housing Association Of Baltimore Inc has received a 79% score, which translates to a Three-Star rating, indicating a fair level of accountability and financial health. The rating is based solely on a single beacon score that emphasizes accountability and finance, showcasing the organization's commitment to transparency in its operations.
The organization demonstrates strong governance with 100% of its board members being independent, coupled with a well-sized board of 11 members. It also excels in financial oversight, receiving full points for its audit and oversight committee, while having no material diversion of assets reported. Additionally, the presence of a conflict of interest policy, whistleblower policy, and proper documentation practices further supports its robust governance structure.
One notable strength is the high program expense ratio of 94.16%, which indicates that a significant majority of the funds are directed towards its programs rather than administrative costs. While the organization shows strong accountability, the reliance on a single beacon score for its rating suggests a potential limitation in assessing its overall impact and effectiveness beyond financial measures.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Housing Association Of Baltimore Inc legitimate?
Mutual Housing Association Of Baltimore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mutual Housing Association Of Baltimore 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: $165,654
For more financial information, click here
What is the mission statement of Mutual Housing Association Of Baltimore Inc?
The Mutual Housing Association of Baltimore Inc. is committed to providing affordable housing options for individuals with moderate and low income levels. This non-profit organization actively constructs and maintains housing units, ensuring that these residences remain accessible to those who require affordable living solutions. By doing so, the Association strives to contribute to a more equitable housing landscape, enabling individuals to secure a stable living environment.
Who is the CEO of Mutual Housing Association Of Baltimore Inc?
Charles M Thomas is the President of Mutual Housing Association Of Baltimore Inc.
What is the revenue of Mutual Housing Association Of Baltimore Inc?
Mutual Housing Association Of Baltimore Inc's revenue in 2022 was $1,192,648.
Who are the executives of Mutual Housing Association Of Baltimore Inc and what are their salaries?
The average compensation at Mutual Housing Association Of Baltimore Inc during 2022 was $16,565. There are 10 employees and 11 volunteers at Mutual Housing Association Of Baltimore Inc.
Here are 9 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
- Compensation: $0
- Related: $0
- Other: $0
- 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 Mutual Housing Association Of Baltimore Inc?
Mutual Housing Association Of Baltimore Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mutual Housing Association Of Baltimore Inc
Mutual Housing Association of Baltimore Inc is committed to providing affordable housing solutions for individuals with moderate and low income levels. The organization's mission is evident in its construction and maintenance of housing units designed specifically for this demographic. By offering affordable housing, the association aims to contribute positively to the living conditions of its residents, enabling them to focus on other aspects of their lives without the burden of exorbitant housing costs. The association's efforts in this regard are significant in addressing the housing needs of a segment of the population that often faces housing affordability challenges.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mutual Housing Association Of Baltimore Inc's impact is significant in providing affordable housing for low and moderate-income individuals in Baltimore, Maryland. The organization constructs and maintains housing units specifically designed to accommodate the needs of this population. By doing so, Mutual Housing Association Of Baltimore Inc plays a crucial role in addressing the housing needs of vulnerable communities and improving overall quality of life for individuals who may otherwise struggle to afford safe and stable housing. This impact helps create a more inclusive and equitable community by ensuring that individuals have access to affordable housing options.
This information is meant to be a general summary of Mutual Housing Association Of Baltimore 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: -$66,414
- Program Service Revenue: $1,207,795
- Gross Receipts: $1,192,648
Assets and Liabilities:
- Total Assets: $4,899,532
- Total Liabilities: $5,145,822
- Net Assets: -$246,290
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Phone
(410) 532-2642Principal Officer
Charles M Thomas
Main Address
1012 Richwood Avenue, Baltimore, MD, 212124655
NTEE Category
Code: L20Z - Housing
If you are a representative of Mutual Housing Association Of Baltimore Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.