Overview
What is Top House Inc?
Top House Inc is a nonprofit organization situated in Danvers, Massachusetts, specifically at 1 Southside Road, 01923. Their primary role involves holding real estate, specifically a residential home in Topsfield, MA, which was constructed with funding from HUD. This property serves as a residence for four individuals with disabilities, who receive support through programs operated by a related 501(C)(3) nonprofit organization named Northeast Arc, Inc. Top House Inc's mission aligns with its affiliated organization, as it holds the property to provide essential services and support for individuals with disabilities.
Official website here: www.ne-arc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Top House Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The charity's overall score is derived entirely from its Accountability & Finance score, which stands at 82%. This rating reflects the organization’s commitment to transparency and responsible financial practices.
The evaluation highlights several strengths, including a fully independent board composed of three members, no material diversion of assets, and comprehensive policies on conflict of interest and whistleblower protections. Additionally, a high program expense ratio of 91.80% suggests that the majority of funds are directed towards its programs rather than administrative costs, reinforcing the organization’s mission-focused approach.
While the financial practices are well-rated, it is important to note that the CEO's salary is reported at $425,154, which is significantly higher compared to other board members who do not receive compensation. This disparity could raise questions about executive compensation in relation to the charity’s overall financial health and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Top House Inc legitimate?
Top House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Top 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
Official website here: www.ne-arc.org
What is the mission statement of Top House Inc?
Top House Inc's primary role is to support its affiliated 501(c)(3) organization, Northeast Arc, by holding real estate. This real estate includes a residential home in Topsfield, MA, which is utilized to provide living spaces for individuals with disabilities. The individuals residing in this home receive services through programs operated by Northeast Arc. Top House Inc's mission, therefore, can be understood as providing essential real estate resources to aid its related non-profit organization in delivering services to individuals with disabilities.
Official website here: www.ne-arc.org
Who is the CEO of Top House Inc?
Jo Ann Simons is the President/Director of Top House Inc. The CEO's salary of Top House Inc is $0 and their total compensation is $454,609.
Official website here: www.ne-arc.org
What is the revenue of Top House Inc?
Top House Inc's revenue in 2022 was $31,991.
Official website here: www.ne-arc.org
Who are the executives of Top House Inc and what are their salaries?
There 3 volunteers at Top House Inc.
Here are 4 key members and their salaries (Top House Inc's CEO's salary is $0 and their total compensation is $454,609):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $327,762
- Other: $126,847
Official website here: www.ne-arc.org
Where can I find the form 990 for Top House Inc?
Top House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ne-arc.org
Learn more at the official website: www.ne-arc.org
Mission Statement of Top House Inc
Top House Inc, as a nonprofit organization, is committed to supporting its affiliated 501(C)(3) entity, Northeast Arc. Its primary mission lies in holding real estate for this organization. In simpler terms, Top House Inc serves as a landlord, providing a residential home, which has been funded by the HUD, to four individuals with disabilities. These individuals receive services through programs operated by Northeast Arc, a nonprofit organization with a similar mission. Top House Inc's role is crucial in providing a suitable living space for these individuals, thereby contributing to their overall wellbeing and the success of Northeast Arc's programs.
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Impact
August, 2024
Top House Inc's impact is providing a secure and supportive housing option for individuals with disabilities in Topsfield, MA. By owning and maintaining a residential home funded by HUD, it offers a nurturing environment for four individuals who receive essential services through Northeast ARC, a nonprofit organization. This initiative plays a crucial role in meeting the housing needs of vulnerable populations and ensuring their well-being and quality of life.
This information is meant to be a general summary of Top 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 2022.
- Investment Income: $14
- Program Service Revenue: $31,977
- Gross Receipts: $31,991
Assets and Liabilities:
- Total Assets: $926,544
- Total Liabilities: $665,608
- Net Assets: $260,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$31,977
Organization Details
Founding Year
2007
Phone
(978) 762-4878Principal Officer
Jo Ann Simons
Main Address
1 SOUTHSIDE ROAD, DANVERS, MA, 01923
Website
www.ne-arc.orgNTEE Category
Code: L21 - Housing
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