Overview
What is Madonna Plaza Inc?
Madonna Plaza Inc is a nonprofit organization dedicated to providing affordable housing for low-income elderly and disabled individuals. Their primary mission involves subsidizing 50 units to cater to this specific demographic, ensuring they have access to housing that suits their needs. By offering subsidized housing, Madonna Plaza Inc contributes to the community by providing a secure living environment for those who might otherwise struggle with housing costs. The organization's activities remain focused on this mission, as supported by their Form 990, Part I, Line 1 description.
Official website here: www.archhousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Madonna Plaza Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. The organization scored 100% for its accountability and finance practices, indicating a strong commitment to transparent operations and effective financial management. The rating is based on a comprehensive evaluation of various aspects, including the independence of its board and sound financial oversight.
The nonprofit boasts an independent board with 100% of members being independent, and it has received full marks for its audit and oversight measures. Additionally, the organization has implemented several essential policies, such as conflict of interest and whistleblower protections, showcasing a robust governance framework. Furthermore, the charity has maintained a healthy liabilities-to-assets ratio and allocates a significant portion of its budget, approximately 90.68%, directly to its programs.
While the data reflects strong performance in fiscal responsibility, details regarding the specific programs and services offered by Madonna Plaza Inc are not provided. As such, potential donors and supporters might want to seek additional information about the organization's impact and outreach initiatives to gain a fuller understanding of its mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Madonna Plaza Inc legitimate?
Madonna Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madonna Plaza 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
Official website here: www.archhousing.com
What is the mission statement of Madonna Plaza Inc?
Madonna Plaza Inc's mission is centered around providing affordable housing for the elderly and disabled individuals who fall into the low-income bracket. This is clearly stated in their Form 990, Part I, Line 1. They have developed a 50-unit housing project, subsidized by HUD, specifically designed for this demographic. The organization's primary goal is to make housing affordable for this vulnerable group, thereby contributing to their overall well-being and quality of life.
Official website here: www.archhousing.com
Who is the CEO of Madonna Plaza Inc?
Philip Vottiero is the President/Ce of Madonna Plaza Inc.
Official website here: www.archhousing.com
What is the revenue of Madonna Plaza Inc?
Madonna Plaza Inc's revenue in 2022 was $651,269.
Official website here: www.archhousing.com
Who are the executives of Madonna Plaza Inc and what are their salaries?
There are 3 employees and 8 volunteers at Madonna Plaza Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $229,373
- Other: $36,232
- Compensation: $0
- Related: $131,091
- Other: $29,734
- Compensation: $0
- Related: $107,021
- Other: $3,450
- Compensation: $0
- Related: $101,346
- Other: $5,678
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.archhousing.com
Where can I find the form 990 for Madonna Plaza Inc?
Madonna Plaza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archhousing.com
Learn more at the official website: www.archhousing.com
Mission Statement of Madonna Plaza Inc
Madonna Plaza Inc, a nonprofit organization, is committed to providing affordable housing for low-income elderly and disabled individuals. Their mission, as stated in their Form 990, is centered around this objective. The organization operates a 50-unit housing project, subsidized by HUD, that caters specifically to this demographic. Madonna Plaza Inc strives to make housing accessible and affordable for this vulnerable group, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Madonna Plaza Inc has a significant impact on the community by providing affordable housing to low-income elderly and disabled individuals in Denver, Colorado. Through its 50-unit HUD-subsidized affordable housing project, Madonna Plaza Inc helps address the pressing need for accessible housing options for vulnerable populations. This initiative not only ensures that these individuals have a safe and comfortable place to live but also promotes their overall well-being and quality of life. By offering a supportive and affordable living environment, Madonna Plaza Inc plays a vital role in enhancing the lives of its residents and contributing to the community's social welfare.
This information is meant to be a general summary of Madonna Plaza 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: $323
- Program Service Revenue: $650,897
- Gross Receipts: $651,269
Assets and Liabilities:
- Total Assets: $1,447,539
- Total Liabilities: $1,011,976
- Net Assets: $435,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HOUSING RENT
Revenue
$647,480
LAUNDRY, VENDING, DAMAGES, AN
Revenue
$2,627
FORFEITED TENANT SECURITY DEP
Revenue
$790
Organization Details
Founding Year
1987
Phone
(303) 830-0215Principal Officer
Philip Vottiero
Main Address
6240 E SMITH ROAD, DENVER, CO, 80216
Website
www.archhousing.comNTEE Category
Code: L22 - Housing
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