Overview
What is Co-Nexus Inc?
Co-Nexus Inc is a nonprofit organization situated in Woburn, Massachusetts, with a specific focus on providing a supportive living environment for adults with special needs. Established with the mission to create a home-like community, the organization engages in facility management, ensuring quality care and essential services for its residents. The primary activity of Co-Nexus Inc involves managing facilities designed to cater to the unique needs of these individuals, promoting their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Co-Nexus Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization shows strengths in areas such as having an independent board and a high program expense ratio, it struggles in critical compliance areas, such as missing essential policies like conflict of interest and whistleblower protections.
The majority of the board members are independent, which is a positive aspect, but the organization has been noted for a concerning liabilities to assets ratio of 158.71%, suggesting potential financial instability. The lack of a website listed on the tax form further contributes to transparency issues, making it challenging for stakeholders to access important information about the charity.
Overall, while Co-Nexus Inc appears to allocate a significant portion of its expenses towards programs, the lack of essential governance policies and the high liabilities may pose risks for donors and beneficiaries alike. Prospective supporters should consider these factors when evaluating the organization’s reliability and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Co-Nexus Inc legitimate?
Co-Nexus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Co-Nexus 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:
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What is the mission statement of Co-Nexus Inc?
Co-Nexus Inc was established with the mission to offer a home-like community residence for adults with special needs, who meet certain qualifications. The organization's primary activity revolves around facility management, catering to the specific needs of these individuals. The aim is to provide a nurturing environment that allows these adults to thrive and live as independently as possible. Co-Nexus Inc's operations encompass the management of facilities that cater to the unique needs of qualified individuals, ensuring their comfort and well-being.
Who is the CEO of Co-Nexus Inc?
Greg Mcgowen is the President of Co-Nexus Inc.
What is the revenue of Co-Nexus Inc?
Co-Nexus Inc's revenue in 2023 was $96,219.
Who are the executives of Co-Nexus Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Co-Nexus Inc?
Co-Nexus Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Co-Nexus Inc
Co-Nexus Inc was established with a mission to provide a nurturing community residence for adults with specialized needs. This organization was founded with the goal of creating a home-like environment for individuals who require specific support due to their qualifications. The primary activity of Co-Nexus Inc revolves around managing facilities that cater to the unique needs of these individuals, ensuring they feel cared for and supported.
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Impact
October, 2024
Co-Nexus Inc significantly impacts the lives of adults with special needs by providing a supportive and home-like community residence. Located in Woburn, MA, the organization focuses on facility management tailored to meet the unique requirements of qualified individuals. By creating a nurturing environment, Co-Nexus Inc empowers residents to thrive, fosters independence, and enhances their quality of life. The organization's commitment to providing safe and accommodating living spaces ensures that adults with special needs have access to essential resources, enabling them to live with dignity and respect. Through its operations, Co-Nexus Inc plays a crucial role in promoting inclusion and support within the community for those it serves.
This information is meant to be a general summary of Co-Nexus 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: $24
- Program Service Revenue: $96,195
- Gross Receipts: $96,219
Assets and Liabilities:
- Total Assets: $409,524
- Total Liabilities: $649,966
- Net Assets: -$240,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$96,195
Organization Details
Founding Year
1986
Phone
(781) 935-0611Principal Officer
Greg Mcgowen
Main Address
888 MAIN STREET, WOBURN, MA, 01801
NTEE Category
Code: L21 - Housing
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