Overview
What is Multi Ethnic Housing Corporation?
Multi Ethnic Housing Corporation is a nonprofit organization based in Salt Lake City, Utah. Its primary mission is to offer affordable housing facilities for elderly and disabled individuals, ensuring they have a secure living space. The corporation's activities are centered around providing low-income housing, ensuring these vulnerable groups have access to suitable accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Multi Ethnic Housing Corporation has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization scored 33% overall, with this score derived solely from its Accountability & Finance metrics. While it has strengths such as a fully independent board with no material diversion of assets, it has several critical shortcomings that heavily impacted its rating.
The organization lacks essential governance policies, including a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, all of which were marked as missing. Moreover, key transparency measures, such as having its website listed on its tax form and posting its tax form on its website, were also not fulfilled, contributing to its low score in the accountability category. The absence of these policies raises concerns about the organization's operational transparency and governance practices.
Financially, Multi Ethnic Housing Corporation reported a liabilities to assets ratio of 0.00% and a program expense ratio of 0.00%, signaling potential issues in its financial health and allocation of resources towards its programs. The overall ratings suggest that while the organization has a competent governance structure, its lack of adherence to transparency and accountability standards could undermine public trust and confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Multi Ethnic Housing Corporation legitimate?
Multi Ethnic Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multi Ethnic Housing Corporation 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
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What is the mission statement of Multi Ethnic Housing Corporation?
The Multi Ethnic Housing Corporation is dedicated to providing low-income housing facilities for elderly and disabled individuals. Their mission is to offer a living space that caters to the needs of these vulnerable groups, ensuring they can live with dignity and independence. The corporation operates with the aim of providing a secure and supportive environment, fostering a sense of community and well-being. They strive to make housing accessible and affordable, promoting social inclusion and equality for these individuals. The corporation's activities primarily revolve around the creation and management of suitable housing facilities.
Who is the CEO of Multi Ethnic Housing Corporation?
Craig Demordaunt is the President of Multi Ethnic Housing Corporation.
What is the revenue of Multi Ethnic Housing Corporation?
Multi Ethnic Housing Corporation's revenue in 2022 was $224.
Who are the executives of Multi Ethnic Housing Corporation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Multi Ethnic Housing Corporation?
Multi Ethnic Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Multi Ethnic Housing Corporation
Multi Ethnic Housing Corporation, as its mission statement suggests, is dedicated to providing affordable housing options for elderly and disabled individuals. This nonprofit organization goes beyond just offering homes; it provides low-income housing facilities specifically tailored for this vulnerable group. By doing so, Multi Ethnic Housing Corporation plays a crucial role in ensuring these individuals have a safe and comfortable living environment, which is essential for their overall well-being. The corporation's mission is deeply rooted in the belief that everyone deserves a decent place to live, regardless of their age or physical abilities.
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Impact
October, 2024
Multi Ethnic Housing Corporation significantly impacts the community by providing low-income housing specifically designed for elderly and disabled individuals in Salt Lake City, UT. This organization addresses a critical need for affordable housing, enhancing the quality of life for vulnerable populations who may face financial obstacles in securing safe and accessible living environments. By offering housing solutions tailored to the unique needs of these individuals, the corporation fosters a sense of stability and community, allowing residents to live with dignity and independence. The impact extends beyond mere shelter; it promotes social inclusion and accessibility, ensuring that elderly and disabled individuals have a place to call home where they are valued and supported.
This information is meant to be a general summary of Multi Ethnic Housing Corporation. 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: $224
- Gross Receipts: $224
Assets and Liabilities:
- Total Assets: $2,242,798
- Total Liabilities: $0
- Net Assets: $2,242,798
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Organization Details
Founding Year
1977
Phone
(801) 364-6117Principal Officer
Craig Demordaunt
Main Address
223 WEST 700 SOUTH OR 925 S 200 W A, SALT LAKE CITY, UT, 84101
NTEE Category
Code: L22Z - Housing
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