Overview
What is Mei Lun Yuen Inc?
Mei Lun Yuen Inc is a nonprofit organization situated in San Francisco, California. Their primary mission, as stated in Section 236 of the National Housing Act, is to provide and maintain affordable housing for low and moderate-income families and seniors on a non-profit basis. This commitment to social housing aims to contribute positively to the community and support those in need.
What are the reviews and ratings of this charity?
**Rating: 86% (Three-Star out of Four Star Rating from Charity Navigator)**
Mei Lun Yuen Inc has earned an 86% score from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating is based solely on the Accountability & Finance beacon, where the organization performs particularly well, showcasing a commitment to effective governance, including a fully independent board and strong financial oversight. The organization also exhibits a commendable program expense ratio, with 90.68% of its expenses going directly toward its mission.
While the organization displays numerous strengths, such as a robust board composition and no material diversion of assets, it does have some areas for improvement. Notably, the absence of a whistleblower policy and document retention guidelines detracts from its high score. Additionally, the organization has not made its tax forms available on its website, which is a useful transparency measure for stakeholders.
User reviews from GreatNonprofits could not be fetched, therefore no feedback is available from that source. Overall, Mei Lun Yuen Inc highlights a diligent approach to accountability with room to enhance its transparency measures for better stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mei Lun Yuen Inc legitimate?
Mei Lun Yuen Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mei Lun Yuen 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: $628,293
For more financial information, click here
What is the mission statement of Mei Lun Yuen Inc?
Mei Lun Yuen Inc is dedicated to providing and maintaining affordable housing for low-income families and seniors, in accordance with Section 236 of the National Housing Act. The organization operates on a non-profit basis, committing itself to this mission with persistence and dedication. By offering housing, Mei Lun Yuen Inc aims to contribute to the well-being of these communities, providing them with a stable living environment. The organization's work is essential in addressing the housing needs of vulnerable populations, ensuring they have access to safe and affordable dwellings.
Who is the CEO of Mei Lun Yuen Inc?
Ms Cynthia Joe is the Board Member of Mei Lun Yuen Inc.
What is the revenue of Mei Lun Yuen Inc?
Mei Lun Yuen Inc's revenue in 2022 was $8,606,385.
Who are the executives of Mei Lun Yuen Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Mei Lun Yuen Inc?
Mei Lun Yuen Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mei Lun Yuen Inc
Mei Lun Yuen Inc, a non-profit organization, is dedicated to providing and maintaining affordable housing for families and seniors, in accordance with Section 236 of the National Housing Act. Their mission is centered around offering housing on a non-profit basis to individuals and families who fall under the categories of low and moderate income, as well as the elderly. This commitment to social welfare is a crucial part of Mei Lun Yuen Inc's mission, aiming to contribute positively to the community by ensuring that a diverse range of individuals have access to suitable housing options.
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Impact
July, 2024
Mei Lun Yuen Inc's impact lies in its provision and maintenance of housing for low and moderate-income families and seniors in San Francisco, CA. By operating on a non-profit basis and following the guidelines of Section 236 of the National Housing Act, Mei Lun Yuen Inc plays a crucial role in addressing the housing needs of vulnerable populations. Through its mission to provide affordable housing, this organization contributes to the well-being and stability of individuals and families in need of safe and affordable living arrangements.
This information is meant to be a general summary of Mei Lun Yuen 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: $79,623
- Program Service Revenue: $1,531,301
- Gross Receipts: $8,606,385
Assets and Liabilities:
- Total Assets: $25,032,003
- Total Liabilities: $297,476
- Net Assets: $24,734,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENT
Revenue
$1,516,720
TENANT CHARGES/VENDING
Revenue
$9,767
INTEREST REDUCTION PAYMENTS
Revenue
$4,814
Organization Details
Founding Year
1977
Phone
(415) 345-4400Principal Officer
Ms Cynthia Joe
Main Address
945 SACRAMENTO STREET, SAN FRANCISCO, CA, 94109
NTEE Category
Code: L200 - Housing
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