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Madeline Corporation

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

EIN: 223425741 ✦ Palisades park, NJ ✦ Designated as a 501(c)(3)

Overview

What is Madeline Corporation?

Madeline Corporation, situated in Palisades Park, New Jersey, is a dedicated nonprofit organization with a mission to enhance the living conditions of low and moderate income families. They specialize in the development and management of rental properties, ensuring that these residences are of decent quality, safe, and affordable. With a modest workforce of three individuals, Madeline Corporation strives to make a significant impact in the community by providing a much-needed housing solution.


Is Madeline Corporation legitimate?

Madeline Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madeline 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.

Here are some key statistics you may want to consider:

Executive Compensation: $58,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,000

For more financial information, click here


What is the mission statement of Madeline Corporation?
Who is the CEO of Madeline Corporation?
What is the revenue of Madeline Corporation?
Who are the executives of Madeline Corporation and what are their salaries?
Where can I find the form 990 for Madeline Corporation?

Mission Statement of Madeline Corporation

Madeline Corporation, a nonprofit organization, is committed to enhancing the residential living standards of families with modest incomes. Their mission is centered around providing decent, safe, and affordable housing solutions for these families. By developing and managing rental properties, Madeline Corporation strives to make a significant impact on the quality of life for these families, ensuring they have a secure and affordable place to call home.

Impact

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




Thursday, August 15, 2024

Madeline Corporation has a significant impact on the quality of residential life for low and moderate-income families in Palisades Park, NJ. By providing decent, safe, and affordable housing options through the development and management of rental properties, Madeline Corporation plays a crucial role in addressing the housing needs of underserved communities. Their mission to improve the living conditions of these families directly contributes to creating more stable and sustainable communities. The efforts of Madeline Corporation help ensure that individuals and families have access to housing that meets their basic needs, ultimately enhancing their overall well-being and quality of life.





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: $0
  • Program Service Revenue: $192,693
  • Gross Receipts: $2,807,333

    • Assets and Liabilities:
  • Total Assets: $27,055,443
  • Total Liabilities: $594,254
  • Net Assets: $26,461,189
  • Programs

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

    RENTAL INCOME

    Revenue

    $192,693

    Organization Details

    Founding Year

    1996

    Principal Officer

    Madeline Depalma

    Main Address

    555 10TH STREET, PALISADES PARK, NJ, 07650

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Madeline Corporation 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.