Overview
What is Archbishop Mccarthy Residence Inc?
Archbishop Mccarthy Residence Inc is a nonprofit organization, specifically focusing on housing for low-income elderly and handicapped individuals. They achieve this through a project funded by the U.S. Department of Housing and Urban Development (HUD), providing rental units as their primary mission. This organization aims to cater to this particular demographic, ensuring they have access to suitable and affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Archbishop McCarthy Residence Inc has been evaluated with a score of 79%, reflecting a strong focus on accountability and finance. The organization demonstrates a robust financial oversight framework, achieving full marks in areas such as independent board member composition and the presence of essential governance policies, including conflict of interest and whistleblower policies.
The nonprofit has a commendable program expense ratio of 91.67%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This level of financial efficiency suggests a commitment to maximizing its impact within the community it serves. However, the overall rating is solely based on accountability and finance, so further insights into program effectiveness and impact would provide a more comprehensive view of the organization’s performance.
This AI summary has been generated from information found on Charity Navigator.
Is Archbishop Mccarthy Residence Inc legitimate?
Archbishop Mccarthy Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Archbishop Mccarthy Residence 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: $204,476
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What is the mission statement of Archbishop Mccarthy Residence Inc?
Archbishop Mccarthy Residence Inc is dedicated to providing housing for low-income elderly and handicapped individuals. They achieve this mission through a HUD project, offering rental units as part of their commitment to this demographic. The organization's primary goal is to offer a home for this specific group of people, ensuring they have a place to live with dignity and security. The rental units provided by Archbishop Mccarthy Residence Inc play a crucial role in addressing the housing needs of this vulnerable population.
Who is the CEO of Archbishop Mccarthy Residence Inc?
Rev Marcos Somarriba is the President of Archbishop Mccarthy Residence Inc.
What is the revenue of Archbishop Mccarthy Residence Inc?
Archbishop Mccarthy Residence Inc's revenue in 2023 was $1,525,817.
Who are the executives of Archbishop Mccarthy Residence Inc and what are their salaries?
The average compensation at Archbishop Mccarthy Residence Inc during 2023 was $34,079. There are 6 employees and 6 volunteers at Archbishop Mccarthy Residence Inc.
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Where can I find the form 990 for Archbishop Mccarthy Residence Inc?
Archbishop Mccarthy Residence Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Archbishop Mccarthy Residence Inc
Archbishop McCarthy Residence Inc is dedicated to providing housing for low-income elderly and handicapped individuals. Through a project funded by the HUD, this nonprofit organization offers rental units as part of its mission. Its primary goal is to ensure that this specific demographic has access to suitable housing. The Archbishop McCarthy Residence Inc plays a vital role in addressing the housing needs of this population, thereby contributing to their overall well-being.
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Impact
July, 2024
Archbishop McCarthy Residence Inc provides a crucial service by offering housing for low-income elderly and handicapped individuals in Lauderdale Lakes, FL. Through a HUD project, this organization provides rental units with the mission of ensuring that this demographic has a safe and affordable place to live. Their impact is seen in the tangible benefit of providing stable housing for vulnerable individuals who may otherwise struggle to find suitable accommodation. By fulfilling this essential need, Archbishop McCarthy Residence Inc plays a key role in enhancing the quality of life for those in need within the community.
This information is meant to be a general summary of Archbishop Mccarthy Residence 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: $2,152
- Program Service Revenue: $1,523,665
- Gross Receipts: $1,525,817
Assets and Liabilities:
- Total Assets: $2,398,750
- Total Liabilities: $3,719,346
- Net Assets: -$1,320,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$1,205,711
RENTAL INCOME, NET
Revenue
$310,331
COIN LAUNDRY AND VENDI
Revenue
$7,623
Organization Details
Founding Year
1986
Phone
(954) 484-1515Principal Officer
Rev Marcos Somarriba
Main Address
4790 N STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
NTEE Category
Code: L210 - Housing
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