Overview
What is Touchstone Residential Servicesinc?
Touchstone Residential Servicesinc is a nonprofit organization based in Raleigh, North Carolina, with a focus on providing residential services to individuals under the age of 18 who have mental and developmental needs. Established with a mission to promote growth and independence, the organization contracts with state agencies to offer innovative, high-quality care in a therapeutic residential setting. Their approach emphasizes creating realistic opportunities for permanency and community integration. The organization operates with a commitment to providing the highest standard of care for its residents.
Official website here: www.trs-nc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Touchstone Residential Services, Inc. received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization has a score of 66%, which reflects various governance issues, particularly the lack of independent board members. With a majority of the board being non-independent, this raises concerns about the oversight and decision-making processes within the organization.
Despite these governance challenges, Touchstone Residential Services demonstrates positive financial management through a high program expense ratio of 96.08%, suggesting that a significant portion of its resources is directed toward its programs and services. Additionally, the organization has a favorable liabilities to assets ratio of 25.64%, indicating a stable financial position. However, the absence of financial statements and a posted tax form on its website presents transparency issues that could affect donor confidence.
On the governance front, while Touchstone has established policies regarding conflicts of interest and whistleblower protections, the lack of independent board members is a critical limitation. This absence may lead to potential biases in board decisions, underscoring the need for stronger governance practices to enhance accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Touchstone Residential Servicesinc legitimate?
Touchstone Residential Servicesinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Touchstone Residential Servicesinc 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.trs-nc.com
What is the mission statement of Touchstone Residential Servicesinc?
Touchstone Residential Servicesinc's mission is centered around providing innovative and high-quality services and support to individuals with mental and developmental needs under the age of 18. The organization aims to foster growth and independence, and it does so by offering therapeutic residential care with a focus on providing a realistic opportunity for permanency and community integration. The mission of Touchstone Residential Servicesinc is to strive for the highest standard of care, with a strong emphasis on creating a supportive environment that can ultimately lead to long-term independence for its residents.
Official website here: www.trs-nc.com
What is the revenue of Touchstone Residential Servicesinc?
Touchstone Residential Servicesinc's revenue in 2023 was $2,196,173.
Official website here: www.trs-nc.com
Who are the executives of Touchstone Residential Servicesinc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.trs-nc.com
Where can I find the form 990 for Touchstone Residential Servicesinc?
Touchstone Residential Servicesinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.trs-nc.com
Learn more at the official website: www.trs-nc.com
Mission Statement of Touchstone Residential Servicesinc
Touchstone Residential Servicesinc is committed to providing innovative and high-quality services and support that foster growth and independence for individuals. The organization's mission is centered around offering the highest level of care for individuals with mental and developmental needs, under the age of 18, in a therapeutic residential setting. Touchstone Residential Servicesinc aims to create a realistic opportunity for permanency and community integration, with a focus on providing a supportive environment that encourages growth and independence. The organization contracts with state agencies to offer residential services, offering a therapeutic setting that prioritizes the well-being and development of its residents.
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Impact
July, 2024
Touchstone Residential Servicesinc's impact is significant in providing innovative quality services and support that lead to growth and independence for individuals with mental and developmental needs under the age of 18. They strive to offer the highest quality of care in a therapeutic residential setting, focusing on creating realistic opportunities for permanency and community integration. Their work plays a crucial role in improving the lives of those they serve by providing essential residential services and support through their dedication to human services.
This information is meant to be a general summary of Touchstone Residential Servicesinc. 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: $4,429
- Program Service Revenue: $2,191,744
- Gross Receipts: $2,196,173
Assets and Liabilities:
- Total Assets: $676,533
- Total Liabilities: $173,483
- Net Assets: $503,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS WITH GOVERNM
Revenue
$2,191,744
Organization Details
Founding Year
2002
Principal Officer
Jeffrey Jenkins
Website
www.trs-nc.comNTEE Category
Code: P32 - Human services
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