Overview
What is Mekor Hayim Center Inc?
Mekor Hayim Center Inc is a compassionate nonprofit institution located in Brooklyn, New York, specifically at 1876 East 26th Street. Its primary purpose is to serve as a Spiritual Support Center, catering to individuals experiencing mental health challenges. With a dedicated team of one employee, the Center aims to offer essential support to those in need, focusing on providing spiritual aid during difficult times. While specific details about their programs, initiatives, or global reach are not explicitly mentioned, it is clear that Mekor Hayim Center Inc plays a crucial role in offering solace and assistance to those struggling with mental health issues.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating.
Mekor Hayim Center Inc has achieved a 70% rating from Charity Navigator, primarily reflecting its performance in Accountability & Finance. This rating suggests a moderate level of financial health and governance practices. The organization has a strong commitment to accountability, with an independent board comprising all ten members and no reported material diversion of assets.
Financially, the center demonstrates effective management of its program expenses, with an impressive program expense ratio of 90.45%. Additionally, the liabilities to assets ratio stands at a low 0.68%, indicating prudent financial practices. However, the overall two-star rating suggests that while the organization is stable and well-managed, there may be areas for improvement in enhancing overall operational effectiveness or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mekor Hayim Center Inc legitimate?
Mekor Hayim Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mekor Hayim Center 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: $79,061
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mekor Hayim Center Inc?
The Mekor Hayim Center Inc serves as a spiritual support center, catering to individuals grappling with mental health challenges. Its mission is centered around providing solace and guidance to those in need, focusing on mental health support from a spiritual perspective. As a beacon of hope, the center aims to offer comfort, resources, and encouragement to those navigating their mental health journeys.
Who is the CEO of Mekor Hayim Center Inc?
Moses Haber is the Director of Mekor Hayim Center Inc.
What is the revenue of Mekor Hayim Center Inc?
Mekor Hayim Center Inc's revenue in 2022 was $511,957.
Who are the executives of Mekor Hayim Center Inc and what are their salaries?
The average compensation at Mekor Hayim Center Inc during 2022 was $79,061. There is 1 employee and 1 volunteer at Mekor Hayim Center Inc.
Here are 4 key members and their salaries:
- Compensation: $79,061
- 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 Mekor Hayim Center Inc?
Mekor Hayim Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mekor Hayim Center Inc
The Mekor Hayim Center Inc, a Spiritual Support Center, is dedicated to providing assistance for individuals grappling with mental health issues. Established with the mission to serve as a beacon of hope, this center offers spiritual support to those in need. By providing a supportive environment, the Mekor Hayim Center Inc aims to help individuals navigate their mental health challenges, offering solace and guidance during challenging times.
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Impact
July, 2024
Mekor Hayim Center Inc provides crucial spiritual support for individuals grappling with mental health challenges. By offering this unique form of assistance, the organization contributes positively to the well-being and recovery of individuals facing such struggles. Through its specialized services, Mekor Hayim Center Inc helps individuals find solace, guidance, and understanding in their journey towards mental health wellness.
This information is meant to be a general summary of Mekor Hayim Center 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.
- Gross Receipts: $511,957
Assets and Liabilities:
- Total Assets: $543,690
- Total Liabilities: $2,610
- Net Assets: $541,080
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Organization Details
Founding Year
2021
Phone
(718) 564-9345Principal Officer
Moses Haber
Main Address
1876 East 26th Street, Brooklyn, NY, 11229
NTEE Category
Code: F30 - Mental health
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