Overview
What is Manor Apartments Inc?
Manor Apartments Inc, situated in Rockville, Maryland, is a dedicated nonprofit organization that focuses on providing affordable housing and essential support services. Their primary objective is to enhance living conditions for individuals and families in need, ensuring they have access to suitable and affordable housing. The organization's mission extends beyond just housing, encompassing various aspects of support to improve overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Manor Apartments Inc has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 86%. This rating is based solely on the Accountability & Finance beacon, which signifies that the organization maintains a strong focus on financial transparency and responsible governance. The high score in this category suggests a solid financial foundation and effective oversight mechanisms.
The nonprofit showcases several strengths, including a high program expense ratio of 91.12%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, it has implemented strong governance practices, such as having a whistleblower policy and clearly documented board meeting minutes, enhancing its accountability. The audit and oversight committee also performed exceptionally well, receiving full marks for its financial statements.
However, there are notable limitations in governance, particularly regarding board independence, as only 42% of board members are independent. This may raise concerns about potential conflicts of interest and the overall impartiality of board decisions. Nonetheless, the organization appears to be well-managed in terms of financial practices and accountability, which can inspire confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Manor Apartments Inc legitimate?
Manor Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manor Apartments 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: $53,692
For more financial information, click here
What is the mission statement of Manor Apartments Inc?
Manor Apartments Inc, as a home improvement or support program, is committed to providing affordable housing and essential services. Their mission is to make housing accessible and affordable for all, ensuring that everyone has the basic necessity of a secure place to live. They strive to enhance the living conditions of their residents by offering supportive services, thus improving their overall quality of life. The organization is dedicated to promoting social equity and ensuring that everyone, regardless of their financial status, has access to a decent living space.
Who is the CEO of Manor Apartments Inc?
Leila A Finucane is the President & Ceo of Manor Apartments Inc. The CEO's salary of Manor Apartments Inc is $0 and their total compensation is $410,053.
What is the revenue of Manor Apartments Inc?
Manor Apartments Inc's revenue in 2022 was $610,002.
Who are the executives of Manor Apartments Inc and what are their salaries?
Here are 10 key members and their salaries (Manor Apartments Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $149,665
- Other: $26,588
- Compensation: $0
- Related: $134,038
- Other: $16,157
- 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 Manor Apartments Inc?
Manor Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Manor Apartments Inc
Manor Apartments Inc, as a home improvement or support program, is committed to providing affordable housing and services. Their mission, in essence, is to create an environment where individuals can reside in a cost-effective manner, while also benefiting from supportive services. This nonprofit organization aims to make housing more accessible and affordable for its community, thereby contributing to the overall well-being and stability of its residents.
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Impact
July, 2024
Manor Apartments Inc's impact lies in providing affordable housing and services to individuals in Rockville, MD. By focusing on facilitating access to affordable housing, Manor Apartments Inc contributes to improving the quality of life for individuals and families in need. Their efforts help address the pressing issue of housing affordability, ensuring that vulnerable populations have a place to call home and receive the support they require. Through their commitment to human services and community development, Manor Apartments Inc plays a vital role in creating a more inclusive and equitable society.
This information is meant to be a general summary of Manor Apartments 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: $244
- Program Service Revenue: $609,758
- Gross Receipts: $610,002
Assets and Liabilities:
- Total Assets: $1,871,234
- Total Liabilities: $263,998
- Net Assets: $1,607,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Ag
Revenue
$374,084
Affordable Housing
Revenue
$226,689
Miscellaneous Income
Revenue
$8,985
Organization Details
Founding Year
1990
Principal Officer
Leila A Finucane
Main Address
11400 Rockville Pike STE 505, Rockville, MD, 20852
NTEE Category
Code: P20 - Human services
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