Mi Residential Community Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042647207 ✦ Lawrence, MA ✦ Designated as a 501(c)(3)

Overview

What is Mi Residential Community Inc?

Mi Residential Community Inc, inspired by Marguerite d'Youville's legacy of caring for the vulnerable, is a nonprofit organization located at 189 Maple Street, Lawrence, MA 01841. Their primary mission is to offer an affordable, secure, and enriching living environment for low-income seniors and individuals with disabilities. Through on-site staff, they provide essential services such as housekeeping, personal care, shopping assistance, transportation, and social opportunities, enabling elderly residents to age with dignity and maximum independence. Additionally, they host social and religious activities for all residents, fostering a sense of community. The organization's mission, rooted in compassion and service, continues the Grey Nuns' tradition of supporting the most vulnerable populations.


Official website here: www.mihcs.org

Is Mi Residential Community Inc legitimate?

Mi Residential Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mi Residential Community 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $681,803

For more financial information, click here


Official website here: www.mihcs.org

What is the mission statement of Mi Residential Community Inc?

Mi Residential Community Inc's mission is centered around providing an affordable, safe, and enriching living environment for economically disadvantaged seniors and individuals with disabilities. The community's on-site staff coordinates essential services like housekeeping, personal care, shopping, transportation, and social activities to enable these individuals to age in place with respect and as much independence as possible. Social and religious activities are also available on-site, inviting participation from all residents.


Official website here: www.mihcs.org

Who is the CEO of Mi Residential Community Inc?

Gerard Foley is the President & Ceo (Start 8/2022) of Mi Residential Community Inc. The CEO's salary of Mi Residential Community Inc is $0 and their total compensation is $139,027.


Official website here: www.mihcs.org

What is the revenue of Mi Residential Community Inc?

Mi Residential Community Inc's revenue in 2022 was $4,962,076.


Official website here: www.mihcs.org

Who are the executives of Mi Residential Community Inc and what are their salaries?

Here are 11 key members and their salaries (Mi Residential Community Inc's CEO's salary is $0 and their total compensation is $139,027):

    Gerard Foley (President & Ceo (Start 8/2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $286,838
  • Other: $31,606

    • Jeanne Leydon (President & Ceo (End 8/2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $129,388
  • Other: $9,639

    • Raisa T Carrasco-Velez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev John Delaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Desjardins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samer Obeid Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deacon Eric Peabody (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sr Marcia Wiley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah L Turiano Md (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Shaheen Cpa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Gallagher Giangrande (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mihcs.org

    Where can I find the form 990 for Mi Residential Community Inc?

    The Mi Residential Community Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mihcs.org

    Learn more at the official website: www.mihcs.org

    Mission Statement of Mi Residential Community Inc

    Mi Residential Community Inc, a nonprofit organization, is dedicated to offering a comfortable, secure, and enriching living environment for low-income elders and individuals with disabilities. Their mission is twofold: firstly, they coordinate essential supportive services such as housekeeping, personal care, shopping, transportation, and social events within the community. This comprehensive approach ensures that the elderly residents can age with dignity and maintain their maximum independence. Secondly, Mi Residential Community Inc hosts social and religious activities on-site, which are open to all, fostering a sense of community and belonging among the residents. By providing these services, the organization enables its residents to enjoy a high quality of life, making their golden years as fulfilling as possible.

    Impact

    This information is meant to be a general summary of Mi Residential Community Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Mi Residential Community Inc's impact can be seen in the lives of low-income elders and persons with disabilities who are able to access affordable, safe, and enriched living environments through their programs. By providing supportive services such as housekeeping, personal care, shopping, transportation, and social opportunities, Mi Residential Community Inc enables individuals to age in place with dignity and maximum independence. In the spirit of Marguerite d'Youville and the Grey Nuns, the community of Mary Immaculate continues to serve the most vulnerable through a variety of good neighbor activities organized and facilitated by their mission department. Their dedication to serving the poor and underserved reflects a long-standing tradition of caring for those in need, making a positive impact in the city of LAWRENCE, MA. The existence of Mi Residential Community Inc contributes significantly to addressing the housing needs of disadvantaged populations and enhancing the quality of life for those they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20,952
  • Program Service Revenue: $4,941,124
  • Gross Receipts: $4,962,076

    • Assets and Liabilities:
  • Total Assets: $17,848,604
  • Total Liabilities: $7,399,675
  • Net Assets: $10,448,929
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Residential services

    Revenue

    $4,941,124

    Organization Details

    Founding Year

    1977

    Principal Officer

    Gerard Foley

    Main Address

    189 Maple Street, Lawrence, MA, 01841

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Mi Residential Community Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.