Overview
What is Merit Hall Apartments Inc?
Merit Hall Apartments Inc is a dedicated nonprofit organization situated in Long Beach, California. Their mission is centered around providing affordable housing to individuals who are battling chronic mental illness. The organization's primary activity involves offering low-income housing units to cater to this specific population, aiming to provide them with a safe and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, Merit Hall Apartments Inc has received a Two-Star out of Four Star rating, indicating that while it has strengths in certain areas, there are significant aspects that require attention. The organization scored 65% overall, which reflects some stability in governance with a fully independent board and no material diversion of assets.
However, Merit Hall Apartments Inc has notable deficiencies in transparency and financial management. The absence of crucial policies such as a conflict of interest policy and a whistleblower policy, as well as missing documentation on its website, has contributed to lower scores in accountability and finance. Additionally, the liabilities to assets ratio is concerning, which suggests potential financial instability.
On a positive note, the nonprofit demonstrates a strong commitment to program expenses, achieving a 100% program expense ratio, indicating that all funds are directed toward its mission. Despite its strengths, the organization must address its weaknesses in governance policies and financial documentation to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Merit Hall Apartments Inc legitimate?
Merit Hall Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merit Hall Apartments 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
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What is the mission statement of Merit Hall Apartments Inc?
Merit Hall Apartments Inc has a mission to offer affordable housing to individuals who are grappling with chronic mental illnesses. Their primary objective is to create a living environment that caters to this specific group of people, ensuring they have a stable and supportive home. By providing low-income housing, Merit Hall Apartments Inc aims to alleviate some of the challenges faced by these individuals in their daily lives, thereby contributing to their overall well-being. The organization's mission is centered around the belief that everyone deserves a safe and dignified place to call home, regardless of their health conditions.
What is the revenue of Merit Hall Apartments Inc?
Merit Hall Apartments Inc's revenue in 2024 was $214,800.
Who are the executives of Merit Hall Apartments Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Merit Hall Apartments Inc?
Merit Hall Apartments Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Merit Hall Apartments Inc
Merit Hall Apartments Inc is dedicated to serving a distinctive population. Their mission revolves around providing affordable housing to individuals who are battling chronic mental illnesses. This nonprofit organization understands the unique challenges these individuals face and seeks to provide them with a safe and stable environment. By offering low income housing, Merit Hall Apartments Inc aims to contribute positively to their tenants' well-being and overall recovery process.
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Impact
October, 2024
Merit Hall Apartments Inc plays a crucial role in addressing the housing needs of individuals with chronic mental illness in Long Beach, CA. By offering low-income housing, the organization creates a stable environment that fosters recovery and supports the mental well-being of its residents. This stability is essential for individuals coping with mental health challenges, as it mitigates the risk of homelessness and provides a foundation from which they can rebuild their lives.
The impact of Merit Hall extends beyond housing; it contributes to the overall health and well-being of the community by promoting inclusion and reducing stigma associated with mental illness. By ensuring access to safe and affordable housing, Merit Hall enhances the quality of life for its residents, helping them engage more fully in their communities and access necessary support services.
This information is meant to be a general summary of Merit Hall Apartments 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 2024.
- Investment Income: $970
- Program Service Revenue: $212,488
- Gross Receipts: $214,800
Assets and Liabilities:
- Total Assets: $1,074,005
- Total Liabilities: $2,735,976
- Net Assets: -$1,661,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$119,182
Rent Revenue
Revenue
$93,306
Organization Details
Founding Year
1989
Principal Officer
Christina Miller
NTEE Category
Code: P70 - Human services
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