Overview
What is Mermentau Elderly Housing Corporation?
Mermentau Elderly Housing Corporation, operating under the name Riverbend Apartments, is a nonprofit organization located in Plantation, Florida. Their primary mission is to provide affordable and assisted housing for the elderly and individuals with disabilities. Regulated and supported by the Department of Housing and Urban Development (HUD), their operations cater to this specific demographic, ensuring they have access to suitable living arrangements. With a team of just two employees, they strive to make a significant impact in their community.
Official website here: www.ehdoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Mermentau Elderly Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The score is primarily based on the organization's accountability measures, where it performed well in areas such as having a majority of independent board members and no material diversion of assets. However, the absence of key policies, including conflict of interest and whistleblower policies, has significantly impacted its overall score.
The nonprofit demonstrates strong governance through its board composition, with 100% of board members being independent and having a small size that facilitates effective management. Additionally, it scores well on its liabilities to assets ratio, showing a healthy financial position. However, the program expense ratio of 61.71% suggests that a notable portion of expenses is not directed towards its core mission, which may raise concerns among potential donors.
While Mermentau Elderly Housing Corporation shows strengths in governance and financial health, its lack of essential policies and transparency on its website indicates areas that require improvement. Addressing these gaps could enhance trust among stakeholders and potentially lead to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mermentau Elderly Housing Corporation legitimate?
Mermentau Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mermentau Elderly 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: $13,426
For more financial information, click here
Official website here: www.ehdoc.org
What is the mission statement of Mermentau Elderly Housing Corporation?
The Mermentau Elderly Housing Corporation's primary mission is to operate low-income housing facilities, catering specifically to the elderly and individuals with disabilities. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). Their objective is to provide a residential space that is accessible and affordable for this particular demographic, ensuring they have a secure living environment. The corporation adheres to regulations and guidelines provided by HUD, ensuring the housing meets necessary standards and resources are available to support the needs of its residents.
Official website here: www.ehdoc.org
Who is the CEO of Mermentau Elderly Housing Corporation?
Melanie Ribeiro is the Director of Mermentau Elderly Housing Corporation.
Official website here: www.ehdoc.org
What is the revenue of Mermentau Elderly Housing Corporation?
Mermentau Elderly Housing Corporation's revenue in 2022 was $98,191.
Official website here: www.ehdoc.org
Who are the executives of Mermentau Elderly Housing Corporation and what are their salaries?
The average compensation at Mermentau Elderly Housing Corporation during 2022 was $6,713. There are 2 employees at Mermentau Elderly Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $346,895
- Other: $110,937
- Compensation: $0
- Related: $26,541
- Other: $4,777
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ehdoc.org
Where can I find the form 990 for Mermentau Elderly Housing Corporation?
Mermentau Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehdoc.org
Learn more at the official website: www.ehdoc.org
Mission Statement of Mermentau Elderly Housing Corporation
Mermentau Elderly Housing Corporation is dedicated to providing low-income housing for the elderly and individuals with disabilities. This mission is overseen and supported by the Department of Housing and Urban Development (HUD). The organization's primary goal is to offer a safe and comfortable living environment for this vulnerable population, ensuring they have access to essential housing services. By operating under the regulation and assistance of HUD, Mermentau Elderly Housing Corporation ensures that its housing standards adhere to government guidelines, providing a secure and reliable home for its residents.
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Impact
October, 2024
Mermentau Elderly Housing Corporation plays a critical role in providing low-income housing for elderly and handicapped individuals in Plantation, FL. By operating under the regulations and assistance of the Department of Housing and Urban Development (HUD), it ensures that vulnerable populations have access to safe and affordable living environments. This impact extends beyond mere housing; it fosters community engagement and enhances the quality of life for residents by offering them stability and a supportive living atmosphere. Through its dedicated efforts, the corporation not only addresses housing needs but also contributes to the overall well-being of its residents, enabling them to maintain their independence while receiving essential support.
This information is meant to be a general summary of Mermentau Elderly 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: $198
- Program Service Revenue: $97,972
- Gross Receipts: $98,191
Assets and Liabilities:
- Total Assets: $541,992
- Total Liabilities: $49,919
- Net Assets: $492,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$61,875
TENANT RENT
Revenue
$36,097
Organization Details
Founding Year
1994
Phone
(954) 835-9200Principal Officer
Melanie Ribeiro
Main Address
1200 S PINE ISLAND ROAD STE 725, PLANTATION, FL, 33324
Website
www.ehdoc.orgNTEE Category
Code: L22Z - Housing
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