Overview
What is Maison D'Espirit Of Lafayette Inc?
Maison D'Espirit Of Lafayette Inc is a nonprofit organization situated in Lafayette, Louisiana. Their primary mission is to provide affordable housing for individuals with low income, in adherence to Section 222(B)(3) of the National Housing Act. This nonprofit organization contributes to the community by offering housing solutions on a non-profit basis, thereby helping those in need of affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Maison D'Espirit Of Lafayette Inc has achieved a strong 94% rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect score of 100% for Accountability & Finance, the organization demonstrates robust governance practices, including a fully independent board and no instances of material diversion of assets. This suggests a well-managed nonprofit that prioritizes transparency and ethical standards.
The nonprofit's financial ratios are impressive, with a low liabilities to assets ratio of 5.01%, and a program expense ratio of 87.30%. This means that a significant portion of its expenses is devoted to its programs rather than administrative costs, reflecting an effective use of resources to fulfill its mission. The presence of documented policies on conflict of interest, whistleblower protection, and document retention further underscores its commitment to good governance.
No significant limitations were noted in the available data, indicating that Maison D'Espirit Of Lafayette Inc operates with a strong foundation. Overall, the organization appears to be a responsible steward of donor funds and dedicated to its community impact, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Maison D'Espirit Of Lafayette Inc legitimate?
Maison D'Espirit Of Lafayette Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maison D'Espirit Of Lafayette 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: $22,760
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What is the mission statement of Maison D'Espirit Of Lafayette Inc?
Maison D'Espirit Of Lafayette Inc, as a non-profit organization, is committed to providing low-income housing. This mission is in line with Section 222(B)(3) of the National Housing Act. The organization's primary objective is to make affordable housing accessible to those who need it most. By operating on a non-profit basis, Maison D'Espirit Of Lafayette Inc aims to contribute positively to the community, providing a home for individuals who might otherwise struggle with housing expenses. The organization's work is a testament to its dedication to social responsibility and equitable housing opportunities.
Who is the CEO of Maison D'Espirit Of Lafayette Inc?
Bishop Douglas Deshotel is the President of Maison D'Espirit Of Lafayette Inc.
What is the revenue of Maison D'Espirit Of Lafayette Inc?
Maison D'Espirit Of Lafayette Inc's revenue in 2022 was $173,805.
Who are the executives of Maison D'Espirit Of Lafayette Inc and what are their salaries?
There 7 volunteers at Maison D'Espirit Of Lafayette Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Maison D'Espirit Of Lafayette Inc?
Maison D'Espirit Of Lafayette Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maison D'Espirit Of Lafayette Inc
Maison D'Espirit Of Lafayette Inc is a non-profit organization that is committed to providing low-income housing. In line with Section 222(B)(3) of the National Housing Act, this organization operates on a non-profit basis, offering a much-needed solution for individuals who may be financially disadvantaged. By doing so, Maison D'Espirit Of Lafayette Inc contributes significantly to the community, providing a safe and affordable living space for those in need. This mission is crucial in ensuring that everyone has access to basic housing, a fundamental human right. The organization's work is instrumental in helping individuals maintain their dignity and stability, thereby improving their overall quality of life.
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Impact
October, 2024
Maison D'Espirit Of Lafayette Inc significantly impacts the community by providing low-income housing options to individuals and families in Lafayette, Louisiana. By focusing on affordable living solutions, the organization helps to alleviate housing insecurity and promote stability for its residents. This initiative supports the well-being of those in need, fostering a sense of community and improving the overall quality of life for its occupants. Through its commitment to the mission outlined in the National Housing Act, Maison D'Espirit plays a crucial role in addressing the challenges faced by low-income households, enabling them to thrive in a supportive environment.
This information is meant to be a general summary of Maison D'Espirit Of Lafayette 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: $49
- Program Service Revenue: $58,325
- Gross Receipts: $173,805
Assets and Liabilities:
- Total Assets: $633,943
- Total Liabilities: $22,869
- Net Assets: $611,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$58,325
Organization Details
Founding Year
1992
Phone
(337) 261-5811Principal Officer
Bishop Douglas Deshotel
Main Address
PO BOX 62190, LAFAYETTE, LA, 70596
NTEE Category
Code: L210 - Housing
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