Overview
What is Mexican-American Development Association Inc?
Mexican-American Development Association Inc, situated in Montrose, Colorado, is a nonprofit organization with a dedicated workforce of three individuals. Their primary mission is to foster the self-sufficiency and overall well-being of the communities and residents in Montrose, Delta, Ouray, San Miguel, Hinsdale, and Gunnison Counties of Colorado. They specialize in providing assistance services to low-income individuals, veterans, and the homeless. This support encompasses various aspects of life, aiming to improve their economic, social, political, and educational status.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star Rating.
The Mexican-American Development Association Inc has received a low rating due to significant shortcomings in its financial accountability and transparency. While the organization does have a majority independent board, the overall Accountability & Finance score of 40% indicates that there are critical areas needing improvement, particularly in the management of financial resources and expenses.
The organization performed well in several areas, including having an entirely independent board and no reported material diversion of assets. However, it lacks essential policies, such as a whistleblower policy and document retention procedures, which are crucial for maintaining transparency and accountability in nonprofit operations. Additionally, its program expense ratio is notably low at 21.81%, which raises concerns about the proportion of funds being used for direct programs versus administrative costs.
Overall, while the Mexican-American Development Association Inc has some strengths in governance, the severe deficiencies in financial practices and policies limit its effectiveness and trustworthiness as a nonprofit organization. Stakeholders may want to remain cautious and urge the organization to address these issues to improve its overall performance and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mexican-American Development Association Inc legitimate?
Mexican-American Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mexican-American Development Association 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: $18,270
For more financial information, click here
What is the mission statement of Mexican-American Development Association Inc?
The Mexican-American Development Association Inc's mission is centered around promoting self-sufficiency and improving the economic, social, political, and educational well-being of communities and residents in Montrose, Delta, Ouray, San Miguel, Hinsdale, and Gunnison Counties of Colorado. Their primary activity involves providing assistance services to low-income individuals, veterans, and the homeless. The organization's goal is to enhance the overall quality of life for these communities, ensuring they have the necessary resources and support to thrive.
Who is the CEO of Mexican-American Development Association Inc?
Cathy Cordova is the Chairperson of Mexican-American Development Association Inc.
What is the revenue of Mexican-American Development Association Inc?
Mexican-American Development Association Inc's revenue in 2020 was $43,216.
Who are the executives of Mexican-American Development Association Inc and what are their salaries?
The average compensation at Mexican-American Development Association Inc during 2020 was $6,090. There are 3 employees and 24 volunteers at Mexican-American Development Association Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Mexican-American Development Association Inc?
Mexican-American Development Association Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Mexican-American Development Association Inc
Mexican-American Development Association Inc is committed to promoting the self-sufficiency and overall well-being of the communities and residents in Montrose, Delta, Ouray, San Miguel, Hinsdale, and Gunnison Counties of Colorado. This nonprofit organization provides assistance services specifically tailored for low-income individuals, veterans, and the homeless. Their mission is to enhance the economic, social, political, and educational aspects of these communities, aiming to improve their quality of life.
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Impact
August, 2024
The Mexican-American Development Association Inc's impact is significant in promoting the self-sufficiency and well-being of low-income individuals, veterans, and the homeless in Montrose, Colorado, and surrounding counties. Their assistance services play a crucial role in addressing the economic, social, and educational needs of these communities, contributing towards building a more inclusive and supportive society.
This information is meant to be a general summary of Mexican-American Development Association 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 2020.
- Investment Income: $3
- Gross Receipts: $43,216
Assets and Liabilities:
- Total Assets: $40,720
- Total Liabilities: $0
- Net Assets: $40,720
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Organization Details
Founding Year
1972
Phone
(970) 249-4774Principal Officer
Cathy Cordova
Main Address
17 N 6TH ST, MONTROSE, CO, 81401
NTEE Category
Code: P600 - Human services
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