Overview
What is Malta House Inc?
Malta House Inc, located in Rockville, Maryland, is a dedicated nonprofit organization that provides assisted living accommodations for low- and moderate-income elderly individuals who are frail. Their mission is centered around offering a supportive living environment, catering to the specific needs of this demographic. The organization is committed to providing a sense of community and care, ensuring the well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Malta House Inc has received a Three-Star rating from Charity Navigator, with an overall score of 79%. This rating reflects a strong emphasis on accountability and finance, which is the sole metric assessed. The organization demonstrates a solid commitment to governance, as evidenced by having an entirely independent board and a robust set of policies in place, including those addressing conflicts of interest and whistleblower protections.
The nonprofit's financial health is commendable, highlighted by a program expense ratio of 90.89%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 36.13% suggests that the organization maintains a healthy balance sheet, which is beneficial for long-term sustainability and operational effectiveness.
While the overall score is positive, potential donors may want to consider that the rating is based entirely on financial metrics, without other performance indicators included. Therefore, while Malta House Inc demonstrates strong financial accountability, further insights into its program effectiveness and impact may be valuable for a complete evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Malta House Inc legitimate?
Malta House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malta House 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: $0
For more financial information, click here
What is the mission statement of Malta House Inc?
Malta House Inc serves as an assisted living residence, catering to low- and moderate-income elderly individuals who are frail. The organization's primary mission is to provide a living environment for these individuals, ensuring they receive the necessary care and support they require. By offering this service, Malta House Inc aims to enhance the quality of life for these elderly individuals, allowing them to age with dignity and independence. The residence provides a supportive community where elderly individuals can maintain their autonomy while benefiting from the assistance they need. Malta House Inc is committed to making assisted living an affordable option for low- and moderate-income elderly persons, ensuring they can access the care they require without financial strain.
Who is the CEO of Malta House Inc?
Leila A Finucane is the Director of Malta House Inc. The CEO's salary of Malta House Inc is $0 and their total compensation is $410,053.
What is the revenue of Malta House Inc?
Malta House Inc's revenue in 2022 was $1,940,691.
Who are the executives of Malta House Inc and what are their salaries?
There 3 volunteers at Malta House Inc.
Here are 10 key members and their salaries (Malta House Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $134,038
- Other: $16,157
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $149,665
- Other: $26,588
Where can I find the form 990 for Malta House Inc?
Malta House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Malta House Inc
Malta House Inc, a nonprofit organization, is dedicated to providing an assisted living residence for low- and moderate-income elderly individuals who are frail. This mission is carried out with the goal of offering a supportive and caring environment for these individuals, ensuring they receive the care they need. The organization's primary focus is on catering to the unique needs of this demographic, providing them with a place where they can live with dignity and receive the assistance they require. By doing so, Malta House Inc plays a crucial role in enhancing the quality of life for these individuals and supporting their overall well-being.
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Impact
July, 2024
Malta House Inc provides essential assisted living services for low- and moderate-income frail elderly persons in Rockville, MD. Their impact can be seen in the improved quality of life and support provided to this vulnerable population. By offering affordable assisted living options, Malta House Inc helps ensure that elderly individuals have access to the care and support they need to live comfortably and with dignity. Their mission to serve low-income individuals reflects a commitment to addressing socioeconomic disparities in access to care for the elderly.
This information is meant to be a general summary of Malta House 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: $65
- Program Service Revenue: $1,851,064
- Gross Receipts: $1,940,691
Assets and Liabilities:
- Total Assets: $1,725,336
- Total Liabilities: $507,353
- Net Assets: $1,217,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME HOUSING
Revenue
$1,607,356
MANAGEMENT AND SUPPORT
Revenue
$237,245
OTHER HOUSING REVENUE
Revenue
$6,463
Organization Details
Founding Year
1993
Phone
(301) 493-6000Principal Officer
Leila A Finucane
Main Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD, 20852
NTEE Category
Code: X22 - Religion related
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