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Mdbm-Drake Senior Housing Corporation

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

EIN: 362296657 ✦ Farmington hills, MI ✦ Designated as a 501(c)(3)

Overview

What is Mdbm-Drake Senior Housing Corporation?

Mdbm-Drake Senior Housing Corporation is a nonprofit organization situated in southeastern Michigan. Its primary mission is to offer affordable housing for the elderly, providing a warm and inviting community where seniors can live comfortably and be nurtured in a friendly atmosphere. The organization, with a focus on Christian values, runs multiple homes in the region, fostering a sense of unity among its residents. The aim is to create a supportive environment where the elderly can thrive.


Is Mdbm-Drake Senior Housing Corporation legitimate?

Mdbm-Drake Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdbm-Drake Senior Housing 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: $40,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,300

For more financial information, click here


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

Mission Statement of Mdbm-Drake Senior Housing Corporation

Mdbm-Drake Senior Housing Corporation is committed to providing low-income housing for the elderly. This nonprofit organization strives to create a welcoming and comfortable environment for seniors, establishing homes in southeastern Michigan. By operating within this Christian community, Mdbm-Drake Senior Housing Corporation ensures that the elderly are not only provided with a place to live but also are cared for in a friendly atmosphere. The organization is dedicated to enhancing the quality of life for seniors, offering them a sense of belonging and support in their golden years.

Impact

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




Thursday, August 15, 2024

Mdbm-Drake Senior Housing Corporation provides vital low-income housing solutions for the elderly in southeastern Michigan. By offering comfortable and affordable living spaces, the organization helps enhance the quality of life for seniors in need. The homes operated by Mdbm-Drake create a supportive community where elderly individuals can receive care and live in a friendly environment. This not only meets a critical need for housing among low-income seniors but also fosters a sense of belonging and security within the community.





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: $-61,066
  • Program Service Revenue: $371,396
  • Gross Receipts: $1,410,840

    • Assets and Liabilities:
  • Total Assets: $1,571,875
  • Total Liabilities: $3,528,345
  • Net Assets: -$1,956,470
  • Programs

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

    RENTAL INCOME

    Revenue

    $364,283

    RESIDENT & PATIENT SER

    Revenue

    $7,113

    Organization Details

    Founding Year

    2007

    Principal Officer

    Elizabeth Goleski

    Main Address

    30301 W THIRTEEN MILE ROAD, FARMINGTON HILLS, MI, 48334

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Mdbm-Drake Senior Housing 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.