Overview
What is Cmhi Property Management Inc?
Cmhi Property Management Inc is a nonprofit organization located at 116 Palmer Street, Calais, ME 04619. Their primary mission is to manage properties for various registered 501c3 organizations and other entities that specialize in providing assisted living services to elderly and low-income individuals. Their operations revolve around generating revenue and managing expenses to effectively carry out their property management duties. With a team of 10 employees, they contribute to the smooth functioning of these assisted living facilities, ensuring they can continue providing essential services to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Cmhi Property Management Inc has received a solid Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating indicates a good level of accountability and financial health within the organization. Notably, the charity has an independent board structure, with 100% of its board members being independent, ensuring that decisions are made with integrity and transparency.
The organization has demonstrated strong financial management practices, evidenced by a program expense ratio of 100%, meaning that all its expenses are directed towards its programs. Furthermore, the charity has effective policies in place, including a whistleblower policy and a conflict of interest policy, which bolster its accountability. The low liabilities to assets ratio of 5.86% also signifies a sound financial standing.
While the overall performance is commendable, the rating suggests that there may be areas for improvement, though no specific limitations were highlighted in the data. Overall, Cmhi Property Management Inc appears to manage its resources effectively and maintains a strong commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Cmhi Property Management Inc legitimate?
Cmhi Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cmhi Property Management 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: $407,668
For more financial information, click here
What is the mission statement of Cmhi Property Management Inc?
Cmhi Property Management Inc's mission is centered around providing property management services to various registered 501c3 organizations. Among these organizations, there are those dedicated to offering assisted living facilities for the elderly and individuals of low income. By offering these services, Cmhi Property Management Inc aims to support the operations of these charitable organizations, thereby indirectly contributing to their mission of providing care and assistance to vulnerable groups. The company's primary focus is on managing the financial aspects of these properties, ensuring the revenue and expenses are effectively utilized to carry out their respective missions.
Who is the CEO of Cmhi Property Management Inc?
Ken Thomas is the President, Treasurer of Cmhi Property Management Inc.
What is the revenue of Cmhi Property Management Inc?
Cmhi Property Management Inc's revenue in 2022 was $610,468.
Who are the executives of Cmhi Property Management Inc and what are their salaries?
The average compensation at Cmhi Property Management Inc during 2022 was $40,767. There are 10 employees at Cmhi Property Management Inc.
Here are 5 key members and their salaries:
- Compensation: $112,699
- Related: $0
- Other: $0
- Compensation: $72,256
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cmhi Property Management Inc?
Cmhi Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cmhi Property Management Inc
Cmhi Property Management Inc, as a mission-driven organization, is dedicated to providing property management services to various registered 501c3 entities. These nonprofits share a common goal of offering assisted living solutions for the elderly and low-income individuals. By managing their properties, Cmhi Property Management Inc plays a crucial role in ensuring these organizations can focus on delivering their core services effectively. The company's mission is to utilize its expertise in property management to support these noble causes, ultimately contributing to the betterment of vulnerable communities.
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Impact
July, 2024
Cmhi Property Management Inc's impact is significant in providing property management services to various registered 501c3 organizations, including those dedicated to offering assisted living to elderly and low-income individuals. By efficiently managing properties for these organizations, Cmhi enables them to focus on their core mission of serving vulnerable populations in need of housing assistance. This impact not only helps in ensuring the smooth operation of these organizations but also contributes to improving the quality of life for those they serve.
This information is meant to be a general summary of Cmhi Property Management 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: $35
- Program Service Revenue: $604,344
- Gross Receipts: $617,729
Assets and Liabilities:
- Total Assets: $280,406
- Total Liabilities: $16,446
- Net Assets: $263,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$604,344
Organization Details
Founding Year
2017
Phone
(207) 454-7196Principal Officer
Ken Thomas
Main Address
116 Palmer Street, Calais, ME, 04619
NTEE Category
Code: L20 - Housing
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