Overview
What is Metairie Manor Iii?
Metairie Manor III is a nonprofit organization situated in New Orleans, Louisiana, with the postal address 2729 Lowerline Street, 70125. Their primary mission, as outlined in their agreement with the Department of Housing and Urban Development (HUD), is to provide housing for elderly and disabled individuals as well as families, adhering to Section 202 of the National Housing Act. This mission is geared towards offering a supportive living environment to those in need, promoting independence and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. The rating reflects some positive aspects of Metairie Manor III, notably its accountability and finance score, which stands at 68. The organization excels in having a fully independent board, achieving the maximum score for that criterion. Additionally, it has a solid program expense ratio of 90.46%, indicating that a significant portion of its expenses goes directly to its programs.
However, there are notable limitations in the organization's financial oversight and transparency. The liabilities to assets ratio is concerning at 177.31%, suggesting potential financial instability. Furthermore, the organization has several missing policies and documents, such as the list of tax forms on its website, a whistleblower policy, and overall website accessibility for financial statements. These gaps may hinder the organization's transparency and accountability.
Overall, while Metairie Manor III demonstrates strong governance through its independent board and effective use of program funding, its financial health and transparency practices need improvement for a better evaluation by stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Metairie Manor Iii legitimate?
Metairie Manor Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metairie Manor Iii 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: $103,760
For more financial information, click here
What is the mission statement of Metairie Manor Iii?
Metairie Manor III, as a housing facility, is committed to providing living spaces for elderly and disabled individuals and their families, in accordance with Section 202 of the National Housing Act. This is accomplished through an agreement with the Department of HUD. The primary objective of Metairie Manor III is to ensure that these vulnerable groups have access to suitable housing, thereby enhancing their quality of life. The organization does not engage in research or advocacy, but rather focuses on the fundamental need of providing housing solutions to those who require it.
Who is the CEO of Metairie Manor Iii?
Deacon Dennis F Adams is the Secretary of Metairie Manor Iii.
What is the revenue of Metairie Manor Iii?
Metairie Manor Iii's revenue in 2023 was $586,498.
Who are the executives of Metairie Manor Iii and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $134,458
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Metairie Manor Iii?
Metairie Manor Iii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Metairie Manor Iii
Metairie Manor III, as a nonprofit organization, is committed to providing housing for elderly and disabled individuals and families. This commitment is in line with Section 202 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The primary mission of Metairie Manor III is to offer a secure living environment for those who may require additional support due to age or disability. By doing so, the organization aims to enhance the quality of life for these individuals, providing them with a sense of independence and community. The housing provided by Metairie Manor III is crucial in offering a stable and safe living situation, allowing its residents to focus on their well-being and personal growth.
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Impact
July, 2024
Metairie Manor III's impact lies in providing essential housing for elderly and disabled individuals and families in New Orleans under Section 202 of the National Housing Act, in collaboration with the Department of HUD. By offering a stable and secure living environment for those in need, Metairie Manor III plays a vital role in supporting vulnerable individuals and enhancing the quality of life for residents in the community.
This information is meant to be a general summary of Metairie Manor Iii. 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: $32
- Program Service Revenue: $586,466
- Gross Receipts: $586,498
Assets and Liabilities:
- Total Assets: $2,951,181
- Total Liabilities: $5,232,751
- Net Assets: -$2,281,570
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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 ELDERLY
Revenue
$586,466
Organization Details
Founding Year
1997
Phone
(504) 596-3460Principal Officer
Deacon Dennis F Adams
Main Address
2729 LOWERLINE STREET, NEW ORLEANS, LA, 701253530
NTEE Category
Code: L22 - Housing
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