Overview
What is Bangor Halfway House Inc?
Bangor Halfway House Inc, located in Bangor, Maine, is a nonprofit mental health treatment center dedicated to providing housing for exempt organizations. This organization aims to offer a supportive living environment to specific groups, contributing to their rehabilitation and overall well-being. Although the details provided are limited, it is clear that Bangor Halfway House Inc plays a crucial role in assisting organizations with special needs, making a positive impact in the community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Bangor Halfway House Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scores 100% in several key areas, including having a fully independent board and a strong conflict of interest policy. This indicates robust governance and a commitment to transparency, which are essential for nonprofit credibility.
The financial indicators further emphasize the nonprofit’s stability, with a program expense ratio of 82.20%, suggesting that a significant portion of its funds is directed towards its core mission. The liabilities to assets ratio of 40.98% highlights a balanced financial structure, which is critical for sustainability and ongoing service delivery.
While the overall metrics are highly favorable, it is important for potential donors and stakeholders to continue monitoring the organization's developments and impact in the community. The solid governance framework and financial health present a strong case for confidence in the organization's commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bangor Halfway House Inc legitimate?
Bangor Halfway House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bangor Halfway House 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bangor Halfway House Inc?
The Bangor Halfway House Inc, a mental health treatment center, is dedicated to providing housing for exempt organizations. Its mission is centered around offering a safe and supportive living environment for individuals and organizations that are focused on mental health services. By offering housing, the organization aims to ensure these organizations can continue their vital work without distractions, ultimately contributing to improved mental health outcomes for those in need.
Who is the CEO of Bangor Halfway House Inc?
Suzanne Farley is the Vp/Secretary of Bangor Halfway House Inc.
What is the revenue of Bangor Halfway House Inc?
Bangor Halfway House Inc's revenue in 2023 was $340,232.
Who are the executives of Bangor Halfway House Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bangor Halfway House Inc?
Bangor Halfway House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bangor Halfway House Inc
The Bangor Halfway House Inc, a mental health treatment center, is dedicated to providing housing for exempt organizations. This nonprofit organization, based on its mission, aims to offer residential facilities for entities that are tax-exempt under the law. By doing so, it contributes significantly to the welfare of these organizations, providing them with a supportive environment for their operations.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Bangor Halfway House Inc's impact lies in providing essential housing and mental health treatment services for individuals in need in the Bangor, ME area. By offering a supportive and structured environment, Bangor Halfway House Inc plays a crucial role in helping individuals on their path to recovery and stability. Their focus on mental health underscores the critical importance of addressing these issues in a holistic manner, ultimately contributing to the well-being of the community they serve.
This information is meant to be a general summary of Bangor Halfway House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,228
- Program Service Revenue: $177,009
- Gross Receipts: $340,232
Assets and Liabilities:
- Total Assets: $592,167
- Total Liabilities: $242,691
- Net Assets: $349,476
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$177,009
Organization Details
Founding Year
1965
Phone
(207) 941-1612Principal Officer
Suzanne Farley
Main Address
98 CUMBERLAND STREET, BANGOR, ME, 04401
NTEE Category
Code: F34Z - Mental health
If you are a representative of Bangor Halfway House Inc 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.