Overview
What is Mallard Run Housing Development Corporation?
Mallard Run Housing Development Corporation is a nonprofit organization situated in Taylor, Texas. They operate a 40-unit apartment complex, providing affordable housing to 77 individuals, including families, the elderly, and those with disabilities. Their mission involves offering clean, safe, and affordable housing facilities and services tailored to meet the physical, social, and psychological needs of their residents. Beyond housing, the organization assists residents in obtaining various benefits, such as electricity assistance, Meals on Wheels, home health care, and other services that contribute to improving their quality of life. With a team of seven dedicated employees, Mallard Run Housing Development Corporation strives to make a positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Mallard Run Housing Development Corporation has received a rating of Two Stars from Charity Navigator, indicating a need for improvement in certain areas. The overall score of 71% reflects solid performance in several accountability and financial metrics, particularly with a program expense ratio of 92.21%, signaling that a significant portion of its budget is directed towards its programs.
The organization demonstrates strong governance with a fully independent board, scoring 8 out of 8 points for majority independent board members and achieving full marks for the size of the board. Furthermore, it has no reported material diversion of assets, and the conflict of interest policy is in place, which are positive indicators of operational integrity.
However, despite these strengths, the overall rating suggests that there may be areas for improvement that could enhance transparency or effectiveness. Stakeholders may want to look into specific aspects of the organization's operations or outreach to better understand the context of the rating and identify opportunities for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Mallard Run Housing Development Corporation legitimate?
Mallard Run Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mallard Run Housing Development 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: $119,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,647
For more financial information, click here
What is the mission statement of Mallard Run Housing Development Corporation?
Mallard Run Housing Development Corporation's mission is centered around providing affordable housing and essential services to low-income families, including the elderly and disabled. The organization strives to offer clean, safe, and suitable living facilities that cater to the physical, social, and psychological needs of its residents. Additionally, Mallard Run Housing Development Corporation offers assistance in obtaining various benefits such as electricity assistance, Meals on Wheels, home health care, and other services, aiming to enhance the overall quality of life for its residents.
Who is the CEO of Mallard Run Housing Development Corporation?
Deanne Torres is the Chairman of Mallard Run Housing Development Corporation.
What is the revenue of Mallard Run Housing Development Corporation?
Mallard Run Housing Development Corporation's revenue in 2022 was $635,310.
Who are the executives of Mallard Run Housing Development Corporation and what are their salaries?
The average compensation at Mallard Run Housing Development Corporation during 2022 was $47,855. There are 7 employees at Mallard Run Housing Development Corporation.
Here are 6 key members and their salaries:
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- Other: $0
- Compensation: $98,009
- Related: $0
- Other: $24,750
Where can I find the form 990 for Mallard Run Housing Development Corporation?
Mallard Run Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mallard Run Housing Development Corporation
Mallard Run Housing Development Corporation is committed to providing low to moderate income families, including the elderly and handicapped, with clean, safe, and affordable housing facilities and services. These resources are designed to meet the physical, social, and psychological needs of its residents. In addition to offering housing, the organization goes beyond to help its residents improve their quality of life. It assists them in obtaining various benefits, such as electricity assistance, Meals on Wheels, home health care, and other services. By providing these additional resources, Mallard Run Housing Development Corporation strives to enhance the well-being of its residents, ensuring they live in a supportive and nurturing environment.
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Impact
July, 2024
Mallard Run Housing Development Corporation impacts the community by providing low to moderate income families, including the elderly and handicapped, with clean, safe, and affordable housing facilities and services designed to meet their physical, social, and psychological needs. Through its 40-unit apartment complex in Taylor, Texas, the organization offers affordable housing to 77 individuals, helping them improve their quality of life. Additionally, Mallard Run Housing Development Corporation assists residents in obtaining benefits such as electricity assistance, Meals on Wheels, home health care, and other services, further contributing to the well-being of the community.
This information is meant to be a general summary of Mallard Run Housing Development 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: $39
- Program Service Revenue: $635,271
- Gross Receipts: $635,310
Assets and Liabilities:
- Total Assets: $1,999,386
- Total Liabilities: $64,892
- Net Assets: $1,934,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING REV
Revenue
$383,850
PAYROLL REIMBURSEMENT
Revenue
$239,893
OTHER TENANT INCOME
Revenue
$11,528
Organization Details
Founding Year
1994
Phone
(512) 352-8660Principal Officer
Deanne Torres
Main Address
1000 MALLARD LANE STE 203, TAYLOR, TX, 76574
NTEE Category
Code: L21 - Housing
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