Overview
What is Maxcen Housing Society Inc Connecticut Branch?
Maxcen Housing Society Inc., Connecticut Branch is a dedicated nonprofit organization based in East Lime, Connecticut. Their primary mission is to provide decent, safe, and affordable housing solutions for individuals and families of low to moderate income, not only within Connecticut but also across the United States. They strive to improve the living conditions of these families by assisting them in purchasing, leasing, or acquiring housing units. The organization operates with a vision to cooperate with low-income families, working together to enhance their housing situations and overall quality of life.
Official website here: www.maxmaths.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
Maxcen Housing Society Inc Connecticut Branch has received a low score of 44%, reflecting significant concerns regarding its accountability and financial management. Notably, the organization lacks independent board members, which is critical for governance. The absence of key policies such as conflict of interest, whistleblower, and document retention further highlights potential risks in transparency and ethical management.
Despite these shortcomings, the organization demonstrates a strong program expense ratio of 100%, indicating that all of its expenses are directed towards its programs, which is a positive aspect. The organization has also shown good practices by maintaining its tax form and board meeting minutes, which are accessible to the public. However, the high liabilities to assets ratio of 94.50% raises concerns about its financial health and sustainability.
Overall, while Maxcen Housing Society Inc is committed to its mission by directing all funds toward programs, the lack of an independent board and necessary governance policies presents significant limitations that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Maxcen Housing Society Inc Connecticut Branch legitimate?
Maxcen Housing Society Inc Connecticut Branch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maxcen Housing Society Inc Connecticut Branch 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: $7,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.maxmaths.org
What is the mission statement of Maxcen Housing Society Inc Connecticut Branch?
The mission of Maxcen Housing Society Inc., specifically its Connecticut Branch, is centered around promoting decent, safe, and affordable housing for individuals and families of low to moderate income. This organization actively works towards improving the housing and living conditions of these individuals, facilitating either the purchase or lease of housing units. The primary focus is on assisting low-income families in cooperation, thereby enhancing their overall living standards.
Official website here: www.maxmaths.org
Who is the CEO of Maxcen Housing Society Inc Connecticut Branch?
Jean Maxcene Decarde is the Principal Officer of Maxcen Housing Society Inc Connecticut Branch.
Official website here: www.maxmaths.org
What is the revenue of Maxcen Housing Society Inc Connecticut Branch?
Maxcen Housing Society Inc Connecticut Branch's revenue in 2022 was $90,232.
Official website here: www.maxmaths.org
Who are the executives of Maxcen Housing Society Inc Connecticut Branch and what are their salaries?
There 27 volunteers at Maxcen Housing Society Inc Connecticut Branch.
There is 1 key member and their salary:
- Compensation: $7,000
- Related: $0
- Other: $0
Official website here: www.maxmaths.org
Where can I find the form 990 for Maxcen Housing Society Inc Connecticut Branch?
Maxcen Housing Society Inc Connecticut Branch's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maxmaths.org
Learn more at the official website: www.maxmaths.org
Mission Statement of Maxcen Housing Society Inc Connecticut Branch
Maxcen Housing Society Inc., Connecticut Branch, is committed to promoting decent, safe, and affordable housing for individuals and families of low and moderate income. Their mission is centered around improving the living conditions of these individuals, either by facilitating the purchase or lease of housing. By working in cooperation, Maxcen Housing Society Inc., Connecticut Branch aims to enhance the housing situation of low-income families in the United States of America and the State of Connecticut.
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Impact
October, 2024
Maxcen Housing Society Inc. Connecticut Branch significantly enhances the quality of life for low and moderate-income families throughout the state. By prioritizing the promotion of decent, safe, and affordable housing, this organization addresses a critical need in the community, where many individuals struggle to find stable living conditions.
Through its dedicated efforts, Maxcen makes it easier for low-income families and individuals to either purchase or lease quality housing. This not only helps to improve their immediate living conditions but also fosters a sense of stability and security that is essential for overall well-being. Accessible housing provides families with the opportunity to thrive, enabling children to succeed academically and adults to seek better employment opportunities.
Moreover, by focusing on collaboration, Maxcen Housing Society builds a network of support that empowers these families. The initiatives undertaken by this organization play a vital role in alleviating housing insecurity, contributing to healthier, more vibrant communities in East Lime, Connecticut, and extending their impact across the United States.
This information is meant to be a general summary of Maxcen Housing Society Inc Connecticut Branch. 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.
- Gross Receipts: $90,232
Assets and Liabilities:
- Total Assets: $90,232
- Total Liabilities: $83,026
- Net Assets: $7,206
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Organization Details
Founding Year
2017
Phone
(888) 959-4159Principal Officer
Jean Maxcene Decarde
Main Address
153 Boston Post Rd NUM 411, East Lime, CT, 06333
Website
www.maxmaths.orgNTEE Category
Code: L40 - Housing
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