Marian Park Inc

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

EIN: 362750105 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Marian Park Inc?

Marian Park Inc., established in 1972, is a nonprofit organization based in Illinois. Its primary mission is to construct and manage a rental housing project, following regulations set by the U.S. Department of Housing and Urban Development (HUD), under Section 236 of the National Housing Act. The project, comprising 210 units, is located in Wheaton, Illinois, and currently operates under the name Marian Park Inc. The organization's activities aim to provide affordable housing options to its residents, ensuring compliance with HUD-regulated rent charges and operating methods.


Is Marian Park Inc legitimate?

Marian Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marian Park 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: $484,095

For more financial information, click here


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

Mission Statement of Marian Park Inc

Marian Park Inc, established in 1972, was organized as a non-stock, nonprofit organization with a mission to construct and operate a rental housing project under Section 236 of the National Housing Act. This project, consisting of 210 units, is regulated by HUD in terms of rent charges and operating methods. Currently, it operates under the name Marian Park Inc in Wheaton, Illinois. The primary goal of this organization is to provide affordable housing, ensuring that the operating methods and rent charges adhere to the regulations set by HUD.

Impact

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




Thursday, August 15, 2024

Marian Park Inc's impact lies in providing affordable housing options to individuals in need. Since its establishment in 1972, Marian Park Inc has been dedicated to constructing and operating a rental housing project under Section 236 of the National Housing Act. With 210 units located in Wheaton, Illinois, this nonprofit organization, regulated by HUD, plays a crucial role in offering stable and affordable housing for the community. By maintaining reasonable rent charges and adhering to strict operating methods, Marian Park Inc contributes to addressing the housing needs of individuals and families in the area.





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: $153
  • Program Service Revenue: $1,001,409
  • Gross Receipts: $3,166,261

    • Assets and Liabilities:
  • Total Assets: $5,396,651
  • Total Liabilities: $11,027,293
  • Net Assets: -$5,630,642
  • Programs

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

    NET RENTAL REVENUE

    Revenue

    $981,888

    ANCILLARY SERVICES

    Revenue

    $15,935

    OTHER REVENUE

    Revenue

    $3,586

    Organization Details

    Founding Year

    1972

    Principal Officer

    Melissa Clayton

    Main Address

    1600 BROADWAY SUITE 2000, DENVER, CO, 802025704

    NTEE Category

    Code: L21 - Housing

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