Overview
What is Rose-Arc Housing Inc?
Rose-Arc Housing Inc is a charitable organization situated in Pawtucket, Rhode Island. Its primary mission is to develop and manage a residential facility, named Rose-Arc Housing, catering to the needs of disabled individuals. This facility, located at 500 Prospect Street, comprises ten apartments, which are operated under Section 811 of the National Housing Act. The organization's goal is to provide a supportive living environment for these individuals, ensuring their well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. This rating indicates that the organization has room for improvement, particularly in its financial health, while showing strengths in governance and accountability practices.
Rose-Arc Housing Inc demonstrates solid governance with 100% of its board members being independent and actively engaging in conflict of interest policies. Their program expense ratio of 80.84% highlights a positive commitment to utilizing funds effectively for their mission. They also maintain transparency by documenting board meeting minutes.
However, the organization faces challenges with a high liabilities to assets ratio of 264.19%, which raises concerns about its financial stability. Additionally, while the CEO's salary is noted at $115,245, there is limited information on how this compares to industry standards. Overall, while Rose-Arc Housing Inc shows promise in certain areas, potential donors should be aware of its financial limitations.
This AI summary has been generated from information found on Charity Navigator.
Is Rose-Arc Housing Inc legitimate?
Rose-Arc Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rose-Arc Housing 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
What is the mission statement of Rose-Arc Housing Inc?
Rose-Arc Housing Inc is dedicated to a charitable mission, focusing on developing and managing a residential facility for individuals with disabilities. This facility, consisting of 10 apartments, is established under Section 811 of the National Housing Act. The primary objective of Rose-Arc Housing Inc is to provide a living space for disabled persons, enhancing their quality of life and promoting independence. The organization operates this facility with the aim of offering a supportive environment for these individuals.
Who is the CEO of Rose-Arc Housing Inc?
John J Padien Iii is the Director of Rose-Arc Housing Inc. The CEO's salary of Rose-Arc Housing Inc is $0 and their total compensation is $123,108.
What is the revenue of Rose-Arc Housing Inc?
Rose-Arc Housing Inc's revenue in 2023 was $85,710.
Who are the executives of Rose-Arc Housing Inc and what are their salaries?
Here are 12 key members and their salaries (Rose-Arc Housing Inc's CEO's salary is $0 and their total compensation is $123,108):
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- Related: $115,245
- Other: $7,863
Where can I find the form 990 for Rose-Arc Housing Inc?
Rose-Arc Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rose-Arc Housing Inc
Rose-Arc Housing Inc, a charitable organization, is dedicated to the mission of creating and managing a residential facility for individuals with disabilities. This mission is carried out under Section 811 of the National Housing Act, resulting in the establishment of a 10-unit apartment complex. The primary objective of Rose-Arc Housing Inc is to provide a suitable living environment for these individuals, offering them the necessary support and care they require.
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Impact
October, 2024
Rose-Arc Housing Inc significantly enhances the quality of life for disabled individuals in Pawtucket, RI, by providing a specialized residential facility designed to meet their unique needs. The organization’s 10-unit housing complex offers a safe and supportive environment that fosters independence and community integration.
By focusing on the development and operation of accessible living spaces, Rose-Arc Housing Inc not only addresses the critical shortage of suitable housing for disabled persons but also promotes social inclusion and improves overall well-being. Residents benefit from a tailored living experience that encourages both personal growth and community engagement, helping to combat social isolation and enhance their day-to-day lives.
Furthermore, the impact of Rose-Arc Housing extends beyond its immediate residents; it also serves as a model for inclusive housing solutions in the region, raising awareness about the importance of accessible living options and potentially inspiring similar initiatives. Through its dedicated mission, Rose-Arc Housing Inc plays a vital role in advocating for the rights and dignity of disabled individuals, ensuring they have a place to call home.
This information is meant to be a general summary of Rose-Arc Housing 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: $142
- Program Service Revenue: $33,613
- Gross Receipts: $85,710
Assets and Liabilities:
- Total Assets: $327,934
- Total Liabilities: $866,391
- Net Assets: -$538,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$33,613
Organization Details
Founding Year
2000
Phone
(401) 727-0150Principal Officer
John J Padien Iii
Main Address
500 PROSPECT STREET, PAWTUCKET, RI, 02860
NTEE Category
Code: L21 - Housing
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