Overview
What is Mendocino Coast Fuller Center For Housing Inc?
Mendocino Coast Fuller Center for Housing Inc, located in Ft Bragg, California, operates as a nonprofit organization. Their primary mission involves constructing and transferring homes with no downpayments or interest charges to families who may not otherwise be able to afford housing. This nonprofit organization primarily covers the costs associated with building these homes as part of their initiative. They contribute significantly to the community by providing affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Mendocino Coast Fuller Center For Housing Inc has received a 40% score from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This low rating indicates significant concerns regarding the charity's accountability and financial practices, as the overall score is derived solely from their Accountability & Finance metrics. The organization has no material diversion of assets, and it maintains a fully independent board, which are positive indicators.
However, the charity has several notable weaknesses, particularly in transparency and financial management. Key policies, such as a conflict of interest policy and a whistleblower policy, are missing, which can raise concerns about governance. Additionally, the organization has not provided essential documents on its website, including its tax forms, which contributes to its lack of financial transparency.
Furthermore, the financial ratios reflect a concerning trend, with program expenses accounting for only 21.22% of total expenses and a liabilities to assets ratio of 16.69%. These figures suggest that a significant portion of the organization's resources may not be directed towards its programs, raising questions about the effectiveness and impact of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mendocino Coast Fuller Center For Housing Inc legitimate?
Mendocino Coast Fuller Center For Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mendocino Coast Fuller Center For 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: $0
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What is the mission statement of Mendocino Coast Fuller Center For Housing Inc?
Mendocino Coast Fuller Center for Housing Inc. is dedicated to providing an affordable housing solution for families who otherwise cannot afford it. They accomplish this by transferring the construction and carrying mortgages without requiring downpayments or charging interest. This non-profit organization's mission is to make homeownership a reality for those in need, thereby significantly reducing their financial burden. Almost all the expenses associated with building homes are considered as part of the home's cost.
Who is the CEO of Mendocino Coast Fuller Center For Housing Inc?
Richard Green is the President of Mendocino Coast Fuller Center For Housing Inc.
What is the revenue of Mendocino Coast Fuller Center For Housing Inc?
Mendocino Coast Fuller Center For Housing Inc's revenue in 2022 was $54,081.
Who are the executives of Mendocino Coast Fuller Center For Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Mendocino Coast Fuller Center For Housing Inc?
Mendocino Coast Fuller Center For Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mendocino Coast Fuller Center For Housing Inc
Mendocino Coast Fuller Center for Housing Inc is dedicated to a unique mission. This nonprofit organization specializes in transferring the construction of homes and providing mortgages without requiring downpayments or charging interest to families who would otherwise find it financially challenging. By undertaking this mission, the organization enables these families to own their homes, thereby enhancing their living conditions and opportunities. The majority of the expenses related to the construction of these homes are treated as costs associated with the homes themselves.
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Impact
August, 2024
Mendocino Coast Fuller Center For Housing Inc's impact lies in providing a crucial lifeline for families who would otherwise struggle to afford homes. By constructing and facilitating the transfer of homes with mortgages that do not require down payments or interest charges, the organization helps fulfill the basic human need for secure and stable housing. This initiative not only creates tangible assets for families but also contributes to the overall well-being and stability of the community. By aligning with the mission of providing affordable housing solutions, Mendocino Coast Fuller Center For Housing Inc plays a significant role in addressing housing challenges and promoting a more inclusive society.
This information is meant to be a general summary of Mendocino Coast Fuller Center For 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 2022.
- Investment Income: $210
- Program Service Revenue: $2,425
- Gross Receipts: $61,709
Assets and Liabilities:
- Total Assets: $2,864,843
- Total Liabilities: $531,785
- Net Assets: $2,333,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Activity
Revenue
$2,425
Organization Details
Founding Year
1987
Phone
(510) 410-2040Principal Officer
Richard Green
Main Address
PO Box 770, Ft Bragg, CA, 95437
NTEE Category
Code: L20 - Housing
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