Overview
What is St Martin De Porres Inc?
St. Martin De Porres Inc is a nonprofit organization dedicated to offering decent and affordable housing solutions to individuals with moderate and low income, aligning with the guidelines outlined in Rev. Proc. 96-32. This includes providing not just housing but also ancillary services to support their residents. The exact nature of these additional services isn't specified in the information provided, but they are intended to enhance the overall living experience for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
St Martin De Porres Inc has received a 71% rating from Charity Navigator, which categorizes it as a Two-Star nonprofit. The organization demonstrates strengths in governance, with a fully independent board and a high score in financial oversight practices. The program expense ratio is notably strong at 93.94%, indicating that a significant portion of its funds is allocated directly to its programs.
However, there are considerable areas for improvement. The absence of a whistleblower policy, document retention and destruction policy, and the failure to provide its tax form on its website reflects gaps in accountability and transparency. Additionally, the high liabilities to assets ratio of 116.50% raises concerns about the organization's financial health, potentially affecting its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is St Martin De Porres Inc legitimate?
St Martin De Porres Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Martin De Porres 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: $341,763
For more financial information, click here
What is the mission statement of St Martin De Porres Inc?
St. Martin De Porres Inc is committed to providing decent and affordable housing to individuals with moderate and low income, adhering to the guidelines set by Rev. Proc. 96-32. The organization offers more than just housing, providing ancillary services as well. Their mission is to enhance the living conditions of these individuals, contributing to their overall well-being.
Who is the CEO of St Martin De Porres Inc?
Sister Mary Anne Owens Ssnd is the President of St Martin De Porres Inc.
What is the revenue of St Martin De Porres Inc?
St Martin De Porres Inc's revenue in 2022 was $2,820,356.
Who are the executives of St Martin De Porres Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $3,600
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Where can I find the form 990 for St Martin De Porres Inc?
St Martin De Porres Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Martin De Porres Inc
St. Martin De Porres Inc is an organization committed to providing decent and affordable housing to individuals with moderate and low income, adhering to the guidelines outlined in Rev Proc 96-32. This nonprofit extends its mission beyond just housing, offering ancillary services as well. By offering affordable housing and additional support, St. Martin De Porres Inc aims to contribute positively to the lives of those in need, promoting a sense of stability and well-being.
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Impact
July, 2024
St. Martin De Porres Inc's impact is felt through its provision of decent and affordable housing to moderate and low-income individuals in Dallas, Texas. By adhering to the guidelines set forth by rev proc 96-32, the organization helps ensure that those in need have access to safe and affordable housing options. This commitment to providing affordable housing and ancillary services plays a vital role in addressing the housing needs of the community and improving the quality of life for vulnerable individuals and families.
This information is meant to be a general summary of St Martin De Porres 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: $48
- Program Service Revenue: $2,820,308
- Gross Receipts: $2,820,356
Assets and Liabilities:
- Total Assets: $5,601,463
- Total Liabilities: $6,525,764
- Net Assets: -$924,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING RENTAL
Revenue
$2,820,308
Organization Details
Founding Year
1993
Phone
(972) 241-1272Principal Officer
Sister Mary Anne Owens Ssnd
Main Address
2920 FOREST LANE BOX 415, DALLAS, TX, 75234
NTEE Category
Code: L21Z - Housing
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