Overview
What is Metcalfe Housing Corporation?
Metcalfe Housing Corporation is a nonprofit organization situated in Jackson, Mississippi. Their primary mission is to provide low-income housing for the elderly and handicapped, operating 80 apartment units under Section 202 of the National Housing Act. This organization is dedicated to enhancing the living conditions for this specific demographic, contributing significantly to their community. With a workforce of six dedicated individuals, Metcalfe Housing Corporation plays a vital role in ensuring affordable and accessible housing options for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Star rating (50%)
Metcalfe Housing Corporation has received a one-star rating from Charity Navigator, indicating significant concerns about its accountability and financial practices. While the organization boasts a fully independent board of directors, there are major deficiencies in financial transparency, including a lack of financial statements and documentation related to board meetings. This rating highlights a critical need for improved governance and operational transparency.
On the positive side, the organization has a high program expense ratio, indicating that 100% of its expenses are directed towards its programs. This suggests a strong commitment to fulfilling its mission, despite the noted financial management issues. However, the absence of essential policies such as conflict of interest and whistleblower protections raises questions about the overall governance structure of the nonprofit.
Limitations in documentation and reporting could severely affect the trust of donors and stakeholders. Without adequate financial disclosures and governance policies in place, potential supporters may find it challenging to assess the organization’s reliability and effectiveness. Addressing these shortcomings is crucial for rebuilding confidence among its constituents and enhancing its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Metcalfe Housing Corporation legitimate?
Metcalfe Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metcalfe Housing Corporation 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: $95,186
For more financial information, click here
What is the mission statement of Metcalfe Housing Corporation?
Metcalfe Housing Corporation is dedicated to providing low-income housing for the elderly and handicapped. They achieve this mission by operating 80 apartment units, which are funded under Section 202 of the National Housing Act. The corporation aims to offer a comfortable living environment for these individuals, ensuring their needs are met and their quality of life is improved. The housing provided by Metcalfe Housing Corporation is a crucial resource in supporting vulnerable members of society, providing them with a safe and secure place to call home.
Who is the CEO of Metcalfe Housing Corporation?
Frank Jackson is the President of Metcalfe Housing Corporation.
What is the revenue of Metcalfe Housing Corporation?
Metcalfe Housing Corporation's revenue in 2022 was $714,452.
Who are the executives of Metcalfe Housing Corporation and what are their salaries?
The average compensation at Metcalfe Housing Corporation during 2022 was $15,864. There are 6 employees at Metcalfe Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Metcalfe Housing Corporation?
Metcalfe Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metcalfe Housing Corporation
Metcalfe Housing Corporation is dedicated to providing low-income housing for the elderly and individuals with disabilities. This mission is accomplished through the operation of 80 apartment units, which fall under Section 202 of the National Housing Act. By offering these housing units, Metcalfe Housing Corporation aims to contribute to the well-being of these vulnerable populations, providing them with a safe and suitable living environment. This nonprofit organization's commitment to low-income housing is a crucial step in ensuring that these individuals have access to stable housing, which is a fundamental human need.
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Impact
July, 2024
Metcalfe Housing Corporation's impact is significant in providing low-income housing to the elderly and/or handicapped in Jackson, MS. Through the operation of 80 apartment units under Section 202 of the National Housing Act, Metcalfe Housing Corporation plays a crucial role in addressing the housing needs of vulnerable populations in the community. Their mission of providing affordable housing options for those in need contributes to creating a more inclusive and supportive environment for individuals facing economic challenges and mobility limitations.
This information is meant to be a general summary of Metcalfe Housing Corporation. 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: $33
- Program Service Revenue: $714,419
- Gross Receipts: $714,452
Assets and Liabilities:
- Total Assets: $1,174,303
- Total Liabilities: $982,044
- Net Assets: $192,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME-APARTMENTS
Revenue
$714,554
OTHER CHARGES
Revenue
-$135
Organization Details
Founding Year
1980
Phone
(601) 948-6401Principal Officer
Frank Jackson
Main Address
P O DRAWER 1220, JACKSON, MS, 39215
NTEE Category
Code: L21 - Housing
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