Overview
What is Mount Carmel Housing Inc?
Mount Carmel Housing Inc is a nonprofit organization situated in North Bethesda, Maryland, with an address at 11810 Grand Park Avenue 600. Their primary mission is to offer affordable housing opportunities to low-income individuals and their families. Specifically, they aim to operate an affordable housing community, providing essential housing solutions to those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
Mount Carmel Housing Inc has received a mixed evaluation, reflected in its 70% score. The organization excels in maintaining a majority independent board and demonstrating strong financial governance practices, such as a conflict of interest policy and proper document retention. However, the organization faces significant challenges in its financial management, particularly with a low score in fundraising efficiency and a concerning liabilities to assets ratio.
While the charity showcases strengths in program expense allocation, allocating a full 25 points in this area suggests it directs most funds toward its mission. Nonetheless, the poor fundraising efficiency score indicates that the organization may struggle to generate sufficient revenue relative to its expenses, which could affect its long-term sustainability.
Overall, Mount Carmel Housing Inc has solid accountability measures and an independent governance structure but needs to improve its financial strategies, particularly in fundraising, to enhance its overall performance and capacity to serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Carmel Housing Inc legitimate?
Mount Carmel Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Carmel Housing 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: $50,549
For more financial information, click here
What is the mission statement of Mount Carmel Housing Inc?
Mount Carmel Housing Inc is dedicated to providing affordable housing solutions for low-income individuals and their families. Their mission is embodied in their operations, which focus on creating and managing an affordable housing community that caters to this specific demographic. By offering affordable housing, they aim to contribute positively to the lives of those who might otherwise struggle with housing costs. The organization's core objective is to ensure that everyone has a place to call home, regardless of their financial circumstances.
Who is the CEO of Mount Carmel Housing Inc?
Todd Travis is the Director of Mount Carmel Housing Inc.
What is the revenue of Mount Carmel Housing Inc?
Mount Carmel Housing Inc's revenue in 2021 was $1,150,219.
Who are the executives of Mount Carmel Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Mount Carmel Housing Inc?
Mount Carmel Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Mount Carmel Housing Inc
Mount Carmel Housing Inc is committed to providing affordable housing solutions for low-income individuals and their families. Their mission is centered around operating an affordable housing community, offering a much-needed shelter for those who may not otherwise have access to adequate housing. This nonprofit organization strives to make a significant impact in the lives of its residents, providing them with a safe and affordable living environment.
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Impact
July, 2024
Mount Carmel Housing Inc's impact is crucial in providing affordable housing to low-income individuals and their families in North Bethesda, MD. By operating an affordable housing community, they are helping address the housing needs of those who may struggle to find suitable and affordable accommodation in the area. Their mission to offer affordable housing plays a significant role in ensuring that vulnerable individuals and families have a stable and secure place to call home. Through their efforts, Mount Carmel Housing Inc positively impacts the lives of those in need of affordable housing opportunities.
This information is meant to be a general summary of Mount Carmel Housing 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 2021.
- Investment Income: $3
- Program Service Revenue: $329,793
- Gross Receipts: $1,150,219
Assets and Liabilities:
- Total Assets: $10,111,560
- Total Liabilities: $11,541,390
- Net Assets: -$1,429,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$288,999
OTHER REVENUE
Revenue
$40,794
Organization Details
Founding Year
1995
Phone
(301) 998-0400Principal Officer
Todd Travis
Main Address
11810 GRAND PARK AVENUE 600, NORTH BETHESDA, MD, 20852
NTEE Category
Code: L20 - Housing
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