Overview
What is Welcoming Light Inc?
Welcoming Light Inc is a non-profit organization based in Nashua, New Hampshire, specifically at 77 Northeastern Boulevard, 03062. Their primary focus is on providing affordable housing solutions, along with supportive services, to individuals who are elderly, disabled, or experiencing homelessness. The organization is committed to offering a compassionate, flexible, and independent living environment for its residents, with the goal of fostering secure and comfortable living arrangements. Their mission encompasses maximizing the autonomy of its residents, ensuring they live with dignity and independence.
Official website here: www.harborcarenh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Welcoming Light Inc has received a three-star rating from Charity Navigator, reflecting an overall score of 82%. This rating is primarily based on the organization's strong performance in accountability and finance, with particular strengths in governance and operational transparency. The organization boasts a fully independent board, with all 13 members meeting this standard, and has not reported any material diversion of assets.
The nonprofit excels in its financial management, demonstrated by a high program expense ratio of 85.94%, indicating that a significant portion of its resources is directed towards its mission-related activities. Additionally, the presence of comprehensive policies, such as conflict of interest and whistleblower protections, further enhances its accountability.
However, the organization has a liabilities to assets ratio of 97.81%, which suggests a potential concern regarding its financial stability. While this high percentage may indicate a heavy reliance on liabilities, it also reflects a commitment to maintaining the necessary resources for operations. Overall, Welcoming Light Inc demonstrates a commendable level of accountability, though stakeholders may want to keep an eye on its financial health moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Welcoming Light Inc legitimate?
Welcoming Light Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Welcoming Light 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: $43,825
For more financial information, click here
Official website here: www.harborcarenh.org
What is the mission statement of Welcoming Light Inc?
The mission of Welcoming Light Inc is geared towards providing affordable housing and supportive services to individuals who are elderly and/or have disabilities. Their goal is to create a secure, compassionate, and flexible living environment that allows residents to maintain the maximum level of independence possible. The organization's focus is on offering a variety of rooms and apartments for rent, while ensuring they cater to individuals who are experiencing homelessness and/or have disabilities, in a manner that prioritizes their well-being and promotes personal independence.
Official website here: www.harborcarenh.org
Who is the CEO of Welcoming Light Inc?
Henry Och is the Board Member of Welcoming Light Inc. The CEO's salary of Welcoming Light Inc is $0 and their total compensation is $423,122.
Official website here: www.harborcarenh.org
What is the revenue of Welcoming Light Inc?
Welcoming Light Inc's revenue in 2022 was $308,336.
Official website here: www.harborcarenh.org
Who are the executives of Welcoming Light Inc and what are their salaries?
There 25 volunteers at Welcoming Light Inc.
Here are 14 key members and their salaries (Welcoming Light Inc's CEO's salary is $0 and their total compensation is $423,122):
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- Related: $342,843
- Other: $80,279
- Compensation: $0
- Related: $167,631
- Other: $34,899
Official website here: www.harborcarenh.org
Where can I find the form 990 for Welcoming Light Inc?
Welcoming Light Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harborcarenh.org
Learn more at the official website: www.harborcarenh.org
Mission Statement of Welcoming Light Inc
Welcoming Light Inc, a non-profit organization, is dedicated to providing affordable housing and supportive services to individuals who are elderly and/or have disabilities. Their mission is twofold: firstly, they offer secure, compassionate, and flexible living arrangements that allow residents the maximum level of independence possible. Secondly, they strive to create an environment that not only provides a roof over the heads of those in need but also offers essential services to help them maintain their autonomy. The organization rents out rooms and apartments to individuals who are experiencing homelessness and/or have disabilities, doing so in a manner that is both compassionate and flexible, with a focus on empowering residents to lead independent lives.
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Impact
June, 2024
Welcoming Light Inc's impact is significant in providing affordable housing and supportive services to individuals who are elderly and/or have disabilities. By offering affordable rooms and apartments for rent along with compassionate and flexible support, the organization helps those experiencing homelessness and disabilities lead a more secure and independent life. Through its mission of providing secure living arrangements while promoting personal independence, Welcoming Light Inc positively impacts the lives of its residents in Nashua, NH. The organization's focus on mental health support further enhances its effectiveness in serving vulnerable populations.
This information is meant to be a general summary of Welcoming Light 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: $10
- Program Service Revenue: $283,054
- Gross Receipts: $315,836
Assets and Liabilities:
- Total Assets: $871,383
- Total Liabilities: $944,055
- Net Assets: -$72,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant assistance
Revenue
$147,201
Rental income
Revenue
$135,853
Organization Details
Founding Year
1995
Phone
(603) 882-3616Principal Officer
Henry Och
Main Address
77 Northeastern Boulevard, Nashua, NH, 03062
Website
www.harborcarenh.orgNTEE Category
Code: F20 - Mental health
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