Overview
What is Mamou Elderly Housing Development Corporation?
Mamou Elderly Housing Development Corporation is a nonprofit organization, established in Plantation, Florida, specifically located at 1200 S Pine Island Road Suite 725. Their primary mission is to provide affordable housing for the elderly and individuals with disabilities, with their operations being regulated and assisted by the Department of Housing and Urban Development (HUD). The organization operates under the name Savoy Heights Apartments and employs a team of three individuals. They offer a living space that caters to the specific needs of this demographic, ensuring they maintain a dignified and comfortable lifestyle.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating.
The Mamou Elderly Housing Development Corporation has received a Two-Star rating from Charity Navigator, indicating some areas of concern in its accountability and financial practices. While the organization scores well in several governance aspects, such as having a majority of independent board members and effective financial oversight, it falls short in significant policy areas including conflict of interest, whistleblower protections, and document retention, which are critical for transparency.
The organization demonstrates strengths in maintaining a solid structure for governance, with perfect scores in board independence and audit oversight. However, the lack of comprehensive policies in key areas raises questions about its commitment to accountability and ethical management. The Program Expense Ratio also reflects a somewhat limited investment in its core mission, which may impact the effectiveness of its initiatives.
Overall, while Mamou Elderly Housing Development Corporation has established a basic framework for governance, the insufficiencies in critical policy areas suggest a need for improvement to enhance transparency and operational integrity. This could limit its potential effectiveness in serving the elderly population it aims to support.
This AI summary has been generated from information found on Charity Navigator.
Is Mamou Elderly Housing Development Corporation legitimate?
Mamou Elderly Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mamou Elderly Housing Development Corporation 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: $128,591
For more financial information, click here
Official website here: www.ehdoc.org
What is the mission statement of Mamou Elderly Housing Development Corporation?
The Mamou Elderly Housing Development Corporation's primary mission involves the operation of affordable housing units for the elderly and individuals with disabilities. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). The corporation's role is to provide a regulated and assisted living environment for this specific demographic, ensuring they have access to comfortable and suitable housing options.
Official website here: www.ehdoc.org
Who is the CEO of Mamou Elderly Housing Development Corporation?
Melanie Ribeiro is the Director of Mamou Elderly Housing Development Corporation.
Official website here: www.ehdoc.org
What is the revenue of Mamou Elderly Housing Development Corporation?
Mamou Elderly Housing Development Corporation's revenue in 2022 was $565,953.
Official website here: www.ehdoc.org
Who are the executives of Mamou Elderly Housing Development Corporation and what are their salaries?
The average compensation at Mamou Elderly Housing Development Corporation during 2022 was $42,864. There are 3 employees at Mamou Elderly Housing Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $296,416
- Other: $110,501
- Compensation: $0
- Related: $26,541
- Other: $4,777
- 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
Official website here: www.ehdoc.org
Where can I find the form 990 for Mamou Elderly Housing Development Corporation?
Mamou Elderly Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehdoc.org
Learn more at the official website: www.ehdoc.org
Mission Statement of Mamou Elderly Housing Development Corporation
The Mamou Elderly Housing Development Corporation is dedicated to providing affordable living accommodations for elderly individuals and those with disabilities. This nonprofit organization operates under the guidance and regulation of the Department of Housing and Urban Development (HUD). Its mission is centered around ensuring that these vulnerable populations have access to safe and suitable housing, thereby contributing to their overall well-being and quality of life. The corporation's activities are geared towards catering to the unique needs of the elderly and handicapped, providing them with a secure and supportive living environment.
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Impact
July, 2024
Mamou Elderly Housing Development Corporation impacts the community by providing affordable housing options for elderly and handicapped individuals. Their operation of low-income housing, regulated and assisted by the Department of Housing and Urban Development (HUD), ensures that vulnerable members of society have a secure and supportive living environment. Through their housing development, Mamou Elderly Housing Development Corporation plays a crucial role in addressing the housing needs of the elderly and disabled population, fostering a sense of dignity, security, and community among its residents in Plantation, FL.
This information is meant to be a general summary of Mamou Elderly Housing Development Corporation. 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: $119
- Program Service Revenue: $565,105
- Gross Receipts: $565,953
Assets and Liabilities:
- Total Assets: $1,497,066
- Total Liabilities: $2,030,326
- Net Assets: -$533,260
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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
$433,712
TENANT RENT
Revenue
$130,262
SPECIAL CLAIMS REVENUE
Revenue
$1,131
Organization Details
Founding Year
1984
Phone
(954) 835-9200Principal Officer
Melanie Ribeiro
Main Address
1200 S PINE ISLAND ROAD SUITE 725, PLANTATION, FL, 33324
Website
www.ehdoc.orgNTEE Category
Code: L21Z - Housing
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