Mt Carmel Redevelopment Corporation Inc

What it reported doing in 2024

Mt carmel redevelopment corporation (mcrc) serves as the revitalization catalyst within the mt carmel neighborhood located in the heart of Kansas city, Kansas. Dedicated to enhancing the quality of life for residents in northeast wyandotte county, our unique approach integrates both physical infrastructure and supportive services to assist low-income individuals as they navigate life's complexities and challenges.(continued on schedule o)willa gill centerat the willa gill center, mcrc provides vital social services through its partnership with the unified government of wyandotte county. In 2024, we welcomed 832 new clients, offering personalized case management to help individuals navigate their unique challenges and connect with essential resources.we support individuals experiencing homelessness by providing hygiene kits, mail services to ensure they have a secure mailing address, and verification letters to help them access housing and other critical programs. Additionally, we facilitate referrals to outside agencies, ensuring clients receive the full range of support they need to regain stability and move forward.together, these services are a lifeline for many in our community, offering both practical assistance and a pathway toward long-term stability.community outreachthrough our community outreach efforts, mcrc provides critical support to individuals and families facing housing instability and financial hardship. In 2024, we assisted 30 new clients with essential services, including rent and mortgage assistance, utility assistance, and short-term shelter, clothing, holiday support, and emergency aid. These services are a lifeline for families navigating difficult times, helping them remain housed and meet their basic needs.our transitional housing program continues to serve as a stepping stone for families working toward long-term stability. In both 2023 and 2024, we supported 4 families across 3 duplexes (6 units), offering safe and affordable housing while they work toward financial independence.in total, mcrc invested over $150,000 in direct community support this past year, ensuring that families in crisis receive the critical assistance they need to regain stability and rebuild their futures. Through these outreach programs, we remain committed to empowering individuals and families, providing the resources and support necessary to create lasting change.food programsmcrc's food programs work to combat food insecurity and provide nourishment to families and individuals in need. In 2024, we served 247 new clients through a variety of initiatives, including two community food pantries, grab-n-go food bags for individuals experiencing homelessness, and large-scale food distributions during key events like thanksgiving, the christmas family spectacular, and the i am loved homeless event. Additionally, healthy cooking classes empower families to make nutritious choices with the resources available to them. These programs ensure that vulnerable members of our community have access to both immediate relief and long-term solutions for healthier living.affordable housingmcrc made significant strides in expanding affordable housing opportunities, reinforcing our commitment to providing safe, stable, and sustainable homes for families in need. Through strategic investments and dedicated efforts, we continued to address housing insecurity and build pathways to home ownership. This past year, we celebrated the completion of two new homes, representing a total investment of $500,000. These homes stand as a testament to our mission of creating affordable, high-quality housing that strengthens families and revitalizes our community.looking ahead, we are laying the groundwork for mt. Carmel circle, a new home development designed to bring additional affordable housing opportunities to our community. In 2024, we invested $192,000 in pre-development, setting the stage for future growth. We are excited to announce that groundbreaking

Financial Efficiency

• Mission deployment rate: 46.7%; rating input score 47
• Program expense ratio: 70.7%; rating input score 71
• Fundraising efficiency: $61.27 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 33.9%; rating input score 86; 86th percentile among comparable filings
• Total-asset coverage ratio: 3.02; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.25; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 16.9%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 3.4% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 9% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: -7.1% per year; rating input score 0; 5th percentile among comparable filings