Malone Community Center Housing Corporation

Organization Overview

Malone Community Center Housing Corporation, operating under the name Malone Manor, is located in Long Beach, CA. The organization was established in 1984. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malone Manor is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 01/2022, Malone Manor generated $441.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $394.9k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MALONE COMMUNITY CENTER HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 50 UNIT COMMUNITY KNOWN AS MALONE MANOR LOCATED IN LINCOLN, NEBRASKA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON AUGUST 23, 2017, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MALONE COMMUNITY CENTER HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 50 UNIT COMMUNITY KNOWN AS MALONE MANOR LOCATED IN LINCOLN, NEBRASKA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON AUGUST 23, 2017, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.


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Board, Officers & Key Employees

Name (title)Compensation
Darryl M Sexton
Vice President
$0
Frank Jahrling
Treasurer
$0
Donald G Hart
Treasurer
$0
Deborah J Stouff
VP Of Corp. Records, Corp.
$0
Laura Fox Buchan
Secretary
$0
Dr Laverne R Joseph
President, CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $276,587
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$276,587
Total Program Service Revenue$161,349
Investment income $571
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $441,451

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Malone Community Center Housing Corporation has recieved totaling $45,666.

Awarding OrganizationAmount
Lincoln Community Foundation Inc

Lincoln, NE

PURPOSE: GENERAL PURPOSES

$15,222
Lincoln Community Foundation Inc

Lincoln, NE

PURPOSE: GENERAL PURPOSES

$15,222
Lincoln Community Foundation Inc

Lincoln, NE

PURPOSE: GENERAL PURPOSES

$15,222
View Grant Recipient Profile

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