Overview
What is Mountain View Housing Inc?
Mountain View Housing Inc is a dedicated nonprofit organization situated in Canton, North Carolina. With a small team of five individuals, their primary mission is to provide affordable housing opportunities for 56 low-income families and 52 elderly or disabled individuals. By offering affordable housing, Mountain View Housing Inc aims to contribute positively to the community, ensuring that these vulnerable groups have access to safe and comfortable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
Mountain View Housing Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The charity's overall score reflects its strong performance in various financial metrics, particularly in accountability where it achieved a score of 75%. Such a rating suggests that the organization is relatively transparent and responsible with its financial practices.
Strengths of Mountain View Housing Inc include a fully independent board, strong financial oversight, and high program expense ratios, indicating that the majority of funds are directed towards its mission rather than administrative costs. The organization has demonstrated effective governance by having a conflict of interest policy in place and maintaining thorough documentation of board meeting minutes. These factors contribute to the charity's credibility and trustworthiness in the nonprofit sector.
However, the charity has room for improvement, particularly in its liabilities to assets ratio, which received a score of 0 out of 15 points. This suggests potential financial risks that could affect its stability. While the strong program expense ratio is commendable, the overall financial health may need further evaluation to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain View Housing Inc legitimate?
Mountain View Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain View 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: $150,701
For more financial information, click here
What is the mission statement of Mountain View Housing Inc?
Mountain View Housing Inc is dedicated to providing affordable housing solutions. Their mission is centered around serving low-income families, the elderly, and individuals with disabilities, offering them a place to call home. The organization's primary goal is to ensure that these vulnerable groups have access to affordable housing, providing a home to 56 low-income families and 52 low-income elderly and disabled individuals.
Who is the CEO of Mountain View Housing Inc?
Wallace Mcadams is the Treasurer of Mountain View Housing Inc.
What is the revenue of Mountain View Housing Inc?
Mountain View Housing Inc's revenue in 2023 was $802,497.
Who are the executives of Mountain View Housing Inc and what are their salaries?
The average compensation at Mountain View Housing Inc during 2023 was $30,140. There are 5 employees at Mountain View Housing Inc.
Here are 6 key members and their salaries:
- 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
Where can I find the form 990 for Mountain View Housing Inc?
Mountain View Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mountain View Housing Inc
Mountain View Housing Inc is dedicated to providing affordable housing solutions for individuals who fall under the categories of low income, elderly, or disabled. In line with this mission, the organization offers housing to 56 low-income families and 52 low-income elderly and disabled individuals, ensuring that they have access to safe and affordable living spaces. By providing such housing, Mountain View Housing Inc contributes to the overall well-being and stability of these individuals, enabling them to focus on other aspects of their lives. The organization's mission is a testament to its commitment to addressing the housing needs of vulnerable populations, thereby improving their quality of life.
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Impact
July, 2024
Mountain View Housing Inc provides affordable housing for low-income, elderly, and disabled individuals in Canton, NC. Their impact can be seen through their provision of affordable housing to 56 low-income families and 52 low-income elderly and disabled individuals. By offering safe and affordable housing options, Mountain View Housing Inc is positively impacting the lives of individuals and families in need, helping to address housing insecurity and improve overall quality of life within the community.
This information is meant to be a general summary of Mountain View 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 2023.
- Investment Income: -$11,505
- Program Service Revenue: $390,662
- Gross Receipts: $814,207
Assets and Liabilities:
- Total Assets: $4,235,904
- Total Liabilities: $3,123,160
- Net Assets: $1,112,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME/ELDERLY RENTS PD
Revenue
$386,967
LAUNDRY & VENDING
Revenue
$2,018
OTHER
Revenue
$899
APPLICATION FEES
Revenue
$778
Organization Details
Founding Year
1975
Phone
(828) 648-3565Principal Officer
Wallace Mcadams
Main Address
PO BOX 286, CANTON, NC, 28716
NTEE Category
Code: L20Z - Housing
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