Overview
What is Mental Health Association Developme Corporation?
The Mental Health Association Developme Corporation, also known as St. Martin House, is a nonprofit organization located in New Orleans, Louisiana. Their primary mission is to provide housing solutions for individuals with disabilities, under a regulatory agreement with the Louisiana Housing Finance Agency. Their activities are centered around this mission, ensuring that they offer suitable living arrangements to this specific group of people. This commitment to disability housing aligns with their broader purpose of contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Mental Health Association Developme Corporation has received a 71% rating from Charity Navigator, signifying a Two-Star rating. This score is based entirely on their Accountability & Finance beacon, which highlights the organization’s financial health and governance practices. The charity has shown strong performance in several areas, including having a fully independent board and no material diversion of assets, both of which reflect positively on its accountability.
The organization has established a conflict of interest policy and effectively maintains documentation of board meeting minutes, indicating strong governance procedures. Additionally, a high program expense ratio of 93.83% suggests that a significant portion of its resources is allocated to its mission-related activities, which is a positive indicator for donors looking for effective use of their contributions.
However, the charity's liabilities to assets ratio of 57.63% raises some concerns about its financial stability, as this indicates a relatively high level of obligations compared to its assets. While the organization demonstrates strong governance and program spending, potential donors might want to consider these financial ratios when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Mental Health Association Developme Corporation legitimate?
Mental Health Association Developme Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mental Health Association Developme 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: $41,115
For more financial information, click here
What is the mission statement of Mental Health Association Developme Corporation?
The Mental Health Association Developme Corporation's mission revolves around providing housing for individuals with disabilities. They operate under a regulatory agreement with the Louisiana Housing Finance Agency, committing to offering suitable living spaces for this specific group of people. This initiative aims to provide a secure and supportive environment, contributing to their overall well-being and quality of life. The corporation's primary focus is on ensuring that disabled individuals have access to decent housing, thereby enhancing their ability to live independently and with dignity.
Who is the CEO of Mental Health Association Developme Corporation?
Deacon Dennis F Adams is the Secretary of Mental Health Association Developme Corporation.
What is the revenue of Mental Health Association Developme Corporation?
Mental Health Association Developme Corporation's revenue in 2023 was $154,824.
Who are the executives of Mental Health Association Developme Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $134,458
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mental Health Association Developme Corporation?
Mental Health Association Developme Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mental Health Association Developme Corporation
Mental Health Association Developme Corporation, as its mission statement suggests, is dedicated to providing housing for individuals with disabilities. Under a regulatory agreement with the Louisiana Housing Finance Agency, this nonprofit organization offers a safe living environment for these individuals, ensuring their basic needs are met. By leveraging this agreement, Mental Health Association Developme Corporation plays a significant role in enhancing the quality of life for individuals with disabilities, providing them with a sense of independence and stability.
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Impact
October, 2024
Mental Health Association Developme Corporation significantly impacts the community by providing essential housing solutions for disabled individuals. Operating under a regulatory agreement with the Louisiana Housing Finance Agency, it ensures that vulnerable populations have access to safe, stable, and affordable living environments. This initiative not only addresses the immediate need for housing but also fosters greater independence and enhanced quality of life for its residents in New Orleans, Louisiana. By prioritizing accessibility and inclusivity, the organization plays a crucial role in promoting mental health and well-being within the community.
This information is meant to be a general summary of Mental Health Association Developme 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 2023.
- Investment Income: $383
- Program Service Revenue: $154,441
- Gross Receipts: $154,824
Assets and Liabilities:
- Total Assets: $683,371
- Total Liabilities: $393,830
- Net Assets: $289,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO DISABLED
Revenue
$154,441
Organization Details
Phone
(504) 596-3460Principal Officer
Deacon Dennis F Adams
Main Address
2729 LOWERLINE STREET, NEW ORLEANS, LA, 701253530
NTEE Category
Code: L210 - Housing
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