Overview
What is The Bangor Area Homeless Shelter?
The Bangor Area Homeless Shelter is a dedicated nonprofit organization situated in Bangor, Maine. Their primary mission is to provide immediate assistance to the local homeless population, offering both food and shelter. With a team of 29 dedicated individuals, they strive to offer a supportive environment for those in need, ensuring their basic necessities are met. The shelter's core activities are centered around providing emergency aid, aiming to alleviate the hardships faced by the homeless community in the area.
Official website here: www.bangorareashelter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Bangor Area Homeless Shelter has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and performance. The charity's overall score is derived from its strong commitment to financial responsibility and impactful programming, with an Accountability & Finance score of 92 and an outstanding Impact & Measurement score of 100. This high rating reflects the organization's effective management of resources and transparency in financial dealings.
The shelter demonstrates a significant dedication to its mission, operating with a program expense ratio of 86.74%, which suggests that a large portion of its funds is directly allocated to its programs and services. Furthermore, its low liabilities to assets ratio of 18.98% highlights a solid financial foundation, allowing the organization to sustain its operations while providing critical support to those in need.
However, while the shelter excels in many areas, the data does not provide information on any specific challenges or limitations faced by the organization. Overall, the Bangor Area Homeless Shelter is well-regarded for its effective services and financial health, contributing positively to addressing homelessness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Bangor Area Homeless Shelter legitimate?
The Bangor Area Homeless Shelter is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bangor Area Homeless Shelter 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: $82,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $591,489
For more financial information, click here
Official website here: www.bangorareashelter.org
What is the mission statement of The Bangor Area Homeless Shelter?
The Bangor Area Homeless Shelter's mission is centered around providing essential aid to the local homeless population. Specifically, they offer emergency food and shelter as their primary service, aiming to alleviate the immediate needs of those without permanent housing. Their activities are driven by this mission, working tirelessly to provide a temporary refuge and nourishment for individuals who find themselves in such vulnerable situations.
Official website here: www.bangorareashelter.org
Who is the CEO of The Bangor Area Homeless Shelter?
Boyd Kronholm is the Executive Director of The Bangor Area Homeless Shelter.
Official website here: www.bangorareashelter.org
What is the revenue of The Bangor Area Homeless Shelter?
The Bangor Area Homeless Shelter's revenue in 2023 was $1,340,925.
Official website here: www.bangorareashelter.org
Who are the executives of The Bangor Area Homeless Shelter and what are their salaries?
The average compensation at The Bangor Area Homeless Shelter during 2023 was $23,250. There are 29 employees and 150 volunteers at The Bangor Area Homeless Shelter.
Here are 14 key members and their salaries:
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Official website here: www.bangorareashelter.org
Where can I find the form 990 for The Bangor Area Homeless Shelter?
The Bangor Area Homeless Shelter's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bangorareashelter.org
Learn more at the official website: www.bangorareashelter.org
Mission Statement of The Bangor Area Homeless Shelter
The Bangor Area Homeless Shelter, as its name suggests, is a dedicated organization that prioritizes providing urgent assistance to the homeless population in the area. Its primary mission is to extend essential food and shelter services to those in need, offering a vital lifeline during challenging times. By offering emergency shelter, the organization ensures that individuals who are homeless have a safe place to rest and restore, providing a temporary respite from their hardships. Furthermore, the provision of food is a crucial aspect of its services, ensuring that people do not go hungry. The Bangor Area Homeless Shelter's mission is a testament to its commitment to alleviating the suffering of the homeless, offering them a vital stepping stone towards rebuilding their lives.
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Impact
July, 2024
The Bangor Area Homeless Shelter provides crucial emergency shelter and food to homeless individuals in the Bangor area. Their impact is significant, as they offer a safe place for those in need to find warmth, nourishment, and support during challenging times. By addressing the immediate needs of the homeless population, this organization plays a vital role in enhancing the well-being and stability of individuals who are experiencing homelessness in the community.
This information is meant to be a general summary of The Bangor Area Homeless Shelter. 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: $108,932
- Program Service Revenue: $45,276
- Gross Receipts: $1,346,622
Assets and Liabilities:
- Total Assets: $2,565,273
- Total Liabilities: $487,362
- Net Assets: $2,077,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF BANGOR: GEN ASST
Revenue
$45,276
Organization Details
Founding Year
1985
Phone
(207) 947-0045Principal Officer
Boyd Kronholm
Main Address
263 MAIN ST, BANGOR, ME, 04401
Website
www.bangorareashelter.orgNTEE Category
Code: L41 - Housing
If you are a representative of The Bangor Area Homeless Shelter 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.