Overview
What is Clasp Homes Inc?
Clasp Homes Inc, situated in Westport, Connecticut, is a nonprofit organization dedicated to providing services and support for individuals with developmental disabilities. They operate 11 group homes in the community, offering a living arrangement for these adults. Their mission is centered around enhancing the lives of these individuals, offering them the necessary care and assistance they require. With a team of 149 dedicated employees, Clasp Homes Inc strives to make a positive impact in the lives of those they serve, ensuring they can lead fulfilling lives within their community.
Official website here: www.clasphomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Clasp Homes Inc has earned a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization achieved a perfect score in various categories, particularly in its governance practices and financial oversight, underscoring its transparency and dedication to responsible use of resources.
The charity's independent board composition and the rigorous financial policies in place contribute to its high accountability score. Clasp Homes Inc demonstrates effective management with no reported material diversion of assets and consistently maintains a high percentage of program expenses, indicating that the majority of funds are directed towards its mission rather than administrative costs.
While the overall rating is impressive, potential donors and supporters may want to consider how Clasp Homes Inc can further enhance its community engagement and outreach efforts. However, the current financial health and governance structure position it as a trustworthy organization within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Clasp Homes Inc legitimate?
Clasp Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clasp Homes 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: $245,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,483,286
For more financial information, click here
Official website here: www.clasphomes.org
What is the mission statement of Clasp Homes Inc?
Clasp Homes Inc, as an organization, is committed to providing services and support for individuals with developmental disabilities. Their mission, in essence, is to enhance the lives of these individuals by offering necessary aid and assistance. The primary focus of their activities is on community living arrangements, specifically operating 11 group homes for adults with developmental disabilities. This is done with the intention of providing a supportive environment that caters to their unique needs.
Official website here: www.clasphomes.org
What is the revenue of Clasp Homes Inc?
Clasp Homes Inc's revenue in 2023 was $11,210,004.
Official website here: www.clasphomes.org
Who are the executives of Clasp Homes Inc and what are their salaries?
The average compensation at Clasp Homes Inc during 2023 was $42,316. There are 159 employees at Clasp Homes Inc.
Here are 9 key members and their salaries:
- Compensation: $109,014
- Related: $0
- Other: $59,448
- Compensation: $101,077
- Related: $0
- Other: $12,874
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clasphomes.org
Where can I find the form 990 for Clasp Homes Inc?
Clasp Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.clasphomes.org
Learn more at the official website: www.clasphomes.org
Mission Statement of Clasp Homes Inc
Clasp Homes Inc, a nonprofit organization, is dedicated to offering services and support for individuals with developmental disabilities. Their primary mission is to enhance the lives of these individuals, providing them with the resources and care they need to thrive. To accomplish this, Clasp Homes Inc has established 11 group homes, serving as community living arrangements for developmentally disabled adults. These group homes offer a safe and nurturing environment, ensuring that each resident receives the necessary care and attention they require. By providing these community living arrangements, Clasp Homes Inc strives to empower individuals with developmental disabilities, enabling them to live as independently as possible while receiving the support they need to lead fulfilling lives.
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Impact
July, 2024
Clasp Homes Inc's impact can be seen in the positive changes it brings to the lives of developmentally disabled individuals. Through its community living arrangements in 11 group homes in Westport, CT, Clasp Homes provides essential services and support to these individuals, enhancing their quality of life and promoting their independence. By focusing on human services, Clasp Homes Inc plays a crucial role in ensuring that developmentally disabled adults receive the care and attention they deserve to thrive in a supportive environment.
This information is meant to be a general summary of Clasp Homes 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: $85,388
- Program Service Revenue: $745,660
- Gross Receipts: $11,233,927
Assets and Liabilities:
- Total Assets: $7,829,713
- Total Liabilities: $2,316,271
- Net Assets: $5,513,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF CT DEPT OF SOC SVCS
Revenue
$745,660
Organization Details
Founding Year
1983
Principal Officer
Tracy Flood
Website
www.clasphomes.orgNTEE Category
Code: P80 - Human services
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