Overview
What is Mhp Landing's Edge Inc?
Mhp Landing's Edge Inc is a nonprofit organization situated in Silver Spring, Maryland, specifically at 12200 Tech Road 250. Their primary mission is to provide affordable housing opportunities for low-income families, as stated in Montgomery County, Maryland. They have successfully provided housing for 125 families, demonstrating their commitment to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Mhp Landing's Edge Inc received a 76% rating from Charity Navigator, which indicates a solid level of accountability and financial management. The overall score is derived from a comprehensive evaluation focusing solely on the organization’s accountability and finance metrics. The organization demonstrates strong practices in financial oversight, as evidenced by their perfect score in the financial statements and the absence of material diversion of assets.
Strengths of Mhp Landing's Edge Inc include a robust program expense ratio of 92.87%, indicating that a significant portion of their resources goes directly toward their programs. Additionally, they have several effective policies in place, such as a conflict of interest policy and a whistleblower policy, both of which scored full points. However, the organization fell short in the percentage of independent board members, contributing to a lower score in that area.
While the organization exhibits commendable financial practices, the limited independence of board members reflects a potential area for improvement. Enhancing board independence could strengthen governance and bolster overall transparency within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mhp Landing's Edge Inc legitimate?
Mhp Landing's Edge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhp Landing's Edge 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 Mhp Landing's Edge Inc?
Mhp Landing's Edge Inc's mission is centered around providing affordable housing solutions for families with low income. Located elsewhere, the organization does not specify a particular location, but its focus remains consistent. It strives to make a significant impact by offering housing units, with the number cited at 125, to families who fall under the low-income category. The goal is to contribute to their well-being and provide them with a stable living environment.
Who is the CEO of Mhp Landing's Edge Inc?
Robert Goldman is the Treasurer of Mhp Landing's Edge Inc.
What is the revenue of Mhp Landing's Edge Inc?
Mhp Landing's Edge Inc's revenue in 2022 was $2,286,807.
Who are the executives of Mhp Landing's Edge Inc and what are their salaries?
There 3 volunteers at Mhp Landing's Edge Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $120,253
- Other: $12,216
- Compensation: $0
- Related: $94,980
- Other: $19,220
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $291,957
- Other: $49,394
- Compensation: $0
- Related: $97,259
- Other: $992
- Compensation: $0
- Related: $79,610
- Other: $2,304
Where can I find the form 990 for Mhp Landing's Edge Inc?
Mhp Landing's Edge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mhp Landing's Edge Inc
Mhp Landing's Edge Inc, as a nonprofit organization, is committed to providing an essential service. Their mission is centered around offering affordable housing solutions to families with limited income, specifically located in Montgomery County, Maryland. This mission is carried out by providing 125 units of housing that cater to this demographic, thus contributing to the community by ensuring that a diverse range of families can afford a decent place to live. By doing so, Mhp Landing's Edge Inc plays a significant role in supporting the well-being and stability of low-income families, enabling them to focus on other essential aspects of their lives.
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Impact
July, 2024
Mhp Landing's Edge Inc has made a significant impact by providing 125 units of affordable housing to low-income families in Montgomery County, Maryland. By offering this crucial support, the organization has helped improve the lives of many individuals and families in need of stable and safe housing. Their mission to provide affordable housing aligns with the urgent need for such services in the community, making a tangible difference in addressing housing insecurity and supporting vulnerable populations.
This information is meant to be a general summary of Mhp Landing's Edge 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: $124,841
- Program Service Revenue: $2,160,890
- Gross Receipts: $2,315,304
Assets and Liabilities:
- Total Assets: $6,820,364
- Total Liabilities: $4,364,049
- Net Assets: $2,456,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,143,402
TENANT CHARGES
Revenue
$6,638
CABLE COMISSION
Revenue
$6,365
LAUNDRY
Revenue
$4,485
Organization Details
Founding Year
1997
Phone
(301) 622-2400Principal Officer
Robert Goldman
Main Address
12200 TECH ROAD 250, SILVER SPRING, MD, 20904
NTEE Category
Code: L200 - Housing
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