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Miles Building Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810524709 ✦ Bozeman, MT ✦ Designated as a 501(c)(3)

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Overview

What is Miles Building Inc?

Miles Building Inc, situated in Bozeman, Montana, serves as the general partner in a Low Income Tax Credit Partnership named Miles Limited Partnership. This nonprofit organization is responsible for overseeing affairs and ensuring the maintenance of 40 subsidized rental units, specifically designed for low-income seniors and disabled individuals. The properties are owned by Miles Limited Partnership, and Miles Building Inc plays a significant role in providing affordable housing for these vulnerable groups.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 34%

Miles Building Inc has received a low rating of 34%, resulting in a Zero-Star out of Four Stars designation. This rating highlights significant concerns regarding the organization's accountability and financial management, particularly the complete absence of independent board members, which raises questions about governance and oversight. The lack of transparency is further emphasized by missing critical documents, such as the organization's website and tax form, which are essential for public trust and accountability.

Despite these challenges, the organization does have certain policies in place, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which are listed and appear to be compliant with standard practices. However, the effectiveness of these policies can be called into question given the overall lack of independent oversight and financial transparency.

The organization's financial metrics show a concerning absence of program expenses, indicating potential issues in operational efficiency and the allocation of resources for mission-driven activities. Overall, while there are some policies in place that reflect a commitment to accountability, the fundamental governance and financial transparency shortcomings present serious limitations for Miles Building Inc.


This AI summary has been generated from information found on Charity Navigator.

Is Miles Building Inc legitimate?

Miles Building Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miles Building 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: $0

For more financial information, click here

What is the mission statement of Miles Building Inc?

Miles Building Inc, as the general partner in Miles Limited Partnership, is committed to providing affordable housing for low-income seniors and disabled individuals. Through its ownership interest, Miles Building Inc ensures the maintenance and management of 40 subsidized rental units. This initiative aims to contribute positively to the lives of those in need, promoting a sense of community and stability. The company's role in this low-income housing project reflects its dedication to social responsibility and community development.

Who is the CEO of Miles Building Inc?

Heather Grenier is the President of Miles Building Inc.

What is the revenue of Miles Building Inc?

Miles Building Inc's revenue in 2022 was $0.

Who are the executives of Miles Building Inc and what are their salaries?

There 7 volunteers at Miles Building Inc.


Here are 7 key members and their salaries:


Heather Grenier (President)
  • Compensation: $0
  • Related: $113,601
  • Other: $8,285
Whitt Hampton (Treasurer)
  • Compensation: $0
  • Related: $86,994
  • Other: $15,005
Caren Couch (Board Member)
  • Compensation: $0
  • Related: $41,154
  • Other: $6,556
Thomas Lee (Board Member)
  • Compensation: $0
  • Related: $83,752
  • Other: $6,162
Tracy Menuez (Board Member)
  • Compensation: $0
  • Related: $101,178
  • Other: $7,402
Sara Savage (Board Member)
  • Compensation: $0
  • Related: $97,708
  • Other: $19,074
Ellen Downey (Board Member)
  • Compensation: $0
  • Related: $3,120
  • Other: $12
Where can I find the form 990 for Miles Building Inc?

Miles Building Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Miles Building Inc

Miles Building Inc, as the general partner in Miles Limited Partnership, is committed to providing affordable housing for low-income seniors and disabled individuals. The organization holds title to and maintains 40 subsidized rental units, ensuring they are well-maintained and in good condition for their residents. Miles Building Inc plays a vital role in overseeing the affairs of these units, ensuring they uphold the standards required for low-income housing. This mission demonstrates their dedication to providing a safe and comfortable living environment for those in need, contributing positively to their quality of life.

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Impact




October, 2024

Miles Building Inc plays a crucial role in providing affordable housing solutions for low-income seniors and disabled individuals in Bozeman, MT. By holding a general partner interest in the Miles Limited Partnership, it oversees the management and maintenance of 40 subsidized rental units, ensuring that vulnerable community members have safe and stable living conditions. This initiative significantly enhances the quality of life for its residents by offering them access to housing that might otherwise be financially out of reach. The organization not only addresses immediate housing needs but also contributes to the overall well-being of the community by fostering inclusive living environments and supporting the diverse needs of its residents. Through its dedicated oversight, Miles Building Inc helps to sustain these critical housing resources, highlighting the importance of accessible housing in promoting social equity and stability for low-income individuals.




This information is meant to be a general summary of Miles Building 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.

Revenue
$0 (2022)
Expenses
$820 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

    Assets and Liabilities:

    • Total Assets: $0
    • Total Liabilities: $0
    • Net Assets: $0

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    Organization Details

    Founding Year

    1999

    Principal Officer

    Heather Grenier

    Main Address

    32 S TRACY AVE, BOZEMAN, MT, 59715

    NTEE Category

    Code: L210 - Housing

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