Overview
What is M F Place Inc?
M F Place Inc, also known as My Friend's Place, is a nonprofit organization based in Hollywood, California. Their primary mission is to provide immediate aid and resources to homeless youth, offering essentials such as meals, clothing, showers, communication, and transportation services. The organization also fosters trust and encourages youth to share their stories and dreams, connecting them to case management, health, and mental health services, as well as numerous other resources. With a comprehensive continuum of care, My Friend's Place provides free emergency resources like food and clothing in combination with health, educational, and therapeutic services to nearly 1,000 homeless youth and their children annually. Operating with a team of 40 dedicated individuals, My Friend's Place plays a significant role in supporting homeless youth as they work towards a permanent exit from their circumstances.
Official website here: www.myfriendsplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
M F Place Inc has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its exemplary accountability and financial management. With a perfect score of 100 in their Accountability & Finance metrics, the organization demonstrates strong governance practices, including a fully independent board with 23 members and no material diversion of assets. Their financial transparency is bolstered by a range of policies such as whistleblower and conflict of interest policies, further enhancing their credibility with donors and stakeholders.
The charity's financial health is also notable, showcasing a program expense ratio of 78.87%, ensuring that the majority of funds are directed towards its programs. Coupled with a fundraising efficiency ratio of $0.06, M F Place Inc effectively maximizes donor contributions. Moreover, the organization maintains a favorable liabilities to assets ratio of 2.46%, indicating a solid financial footing.
While the data reflects robust organizational strengths, there are no significant limitations noted in the analysis. Overall, M F Place Inc stands out as a responsible and financially sound nonprofit, making it a trustworthy option for potential donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about M F Place Inc?
90% of 261 reviewers on Facebook recommend M F Place Inc. Here is a summary of their reviews:
Many individuals express deep appreciation for the transformative impact M F Place has had on their lives. One notable review highlights a personal success story, where a former youth participant credits the organization for helping them turn their life around, ultimately leading them to pursue higher education and contribute positively to the community. The continued presence and support of staff, particularly Frank, is applauded, showcasing a lasting commitment to helping young people.
Overall, the sentiment reflects a strong belief in the nonprofit's effectiveness and dedication. Participants feel empowered by the programs offered and acknowledge the ongoing support they receive, indicating that M F Place Inc truly makes a difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is M F Place Inc legitimate?
M F Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. M F Place 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: $137,701
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,847,399
For more financial information, click here
Official website here: www.myfriendsplace.org
What is the mission statement of M F Place Inc?
MF Place Inc's mission is centered around providing comprehensive care to approximately 1,000 homeless youth and their children annually. This care encompasses emergency resources such as food and clothing, alongside health, educational, and therapeutic services. The organization's objective is to meet the immediate needs of these youth, offering services like meals, communication, and transportation. Safe Haven, a program under MF Place Inc, provides drop-in services that cater to the basic needs of the youth, including meals, clothing, showers, and transportation. The staff at Safe Haven establish trust with the youth, encourage them to share their stories and aspirations, and offer links to case management, health, and mental health services, among other resources. More than 60% of the youth served through Safe Haven proceed to higher-commitment programming, which includes employment readiness services and case management, significantly aiding their journey towards a permanent exit from homelessness.
Official website here: www.myfriendsplace.org
What is the revenue of M F Place Inc?
M F Place Inc's revenue in 2023 was $7,222,931.
Official website here: www.myfriendsplace.org
Who are the executives of M F Place Inc and what are their salaries?
The average compensation at M F Place Inc during 2023 was $49,628. There are 40 employees and 1000 volunteers at M F Place Inc.
Here are 27 key members and their salaries:
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Official website here: www.myfriendsplace.org
Where can I find the form 990 for M F Place Inc?
M F Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.myfriendsplace.org
Learn more at the official website: www.myfriendsplace.org
Mission Statement of M F Place Inc
M F Place Inc, a nonprofit organization, is dedicated to providing a comprehensive continuum of care for nearly 1,000 homeless youth and their children annually. This care encompasses free emergency resources such as food and clothing, alongside health, educational, and therapeutic services. The organization's mission is to offer a supportive environment that addresses the immediate and basic needs of these youth, while fostering trust and encouraging them to share their stories and aspirations. M F Place Inc's staff works diligently to connect these youth with various resources, including case management, health, and mental health services. Over 60% of the youth served through their Safe Haven program progress to higher-commitment programming, such as employment readiness services and case management, which are instrumental in supporting them as they transition out of homelessness.
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Impact
July, 2024
M F Place Inc's impact is significant as it provides crucial support to nearly 1,000 homeless youth and their children each year in Hollywood, CA. The organization offers a comprehensive continuum of care that includes free emergency resources such as food, clothing, health services, education, and therapy. Their Safe Haven program provides immediate services to help youth meet their basic needs and establish trust, while also offering linkages to case management, mental health services, and other resources. With over 60% of youth transitioning to higher-commitment programming like employment readiness services, M F Place Inc plays a vital role in supporting youth towards a permanent exit from homelessness.
This information is meant to be a general summary of M F Place 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 2023.
- Investment Income: $123,909
- Gross Receipts: $7,834,879
Assets and Liabilities:
- Total Assets: $7,359,130
- Total Liabilities: $270,905
- Net Assets: $7,088,225
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Organization Details
Founding Year
1991
Principal Officer
Scott Walker
Website
www.myfriendsplace.orgNTEE Category
Code: L41 - Housing
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