Overview
What is Friends Of Laurel House Inc?
Friends of Laurel House Inc is a nonprofit organization that acts as a supporting entity to Laurel House Inc. Their primary mission revolves around providing psychosocial rehabilitation, supportive housing, employment placement, and educational support programs. By doing so, they aim to assist individuals in need, fostering their overall well-being and helping them regain independence. Although the specifics of the programs and services offered by Friends of Laurel House might vary, their ultimate goal is to empower and support those who require assistance in leading fulfilling lives.
Official website here: www.laurelhouse.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Friends Of Laurel House Inc received a "Needs Improvement" rating from Charity Navigator, reflecting notable strengths in governance but significant shortcomings in financial transparency. The organization boasts a fully independent board, with 92% of its members being independent, and maintains a strong program expense ratio of 91.72%, indicating that most funds are directed toward its mission. However, the lack of financial statements severely impacts its accountability score, leading to a low overall rating.
Despite the absence of essential financial documents, the organization demonstrates integrity, as evidenced by no recorded material diversion of assets and the presence of a conflict of interest policy. However, critical governance policies, such as a whistleblower policy and document retention guidelines, are missing. This gap raises concerns about overall management practices and the ability to uphold accountability standards.
The equity strategies score, while at a moderate level, indicates that the organization is in the early stages of implementing equity practices. Overall, while Friends Of Laurel House Inc has several positive attributes, its rating signals the need for improved financial reporting and enhanced governance policies to build trust and transparency with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Laurel House Inc legitimate?
Friends Of Laurel House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Laurel House 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: $341,809
For more financial information, click here
Official website here: www.laurelhouse.net
What is the mission statement of Friends Of Laurel House Inc?
Friends of Laurel House, Inc is an organization established to support Laurel House, Inc in its mission. Laurel House focuses on providing psychosocial rehabilitation, supportive housing, employment placement, and educational support programs to individuals in need. Essentially, Friends of Laurel House, Inc aims to aid Laurel House in its efforts to empower and rehabilitate those who require these services, fostering their independence and self-sufficiency.
Official website here: www.laurelhouse.net
Who is the CEO of Friends Of Laurel House Inc?
Thomas Cooke is the Pres. & Ceo/Director of Friends Of Laurel House Inc. The CEO's salary of Friends Of Laurel House Inc is $0 and their total compensation is $216,300.
Official website here: www.laurelhouse.net
What is the revenue of Friends Of Laurel House Inc?
Friends Of Laurel House Inc's revenue in 2022 was $1,171,562.
Official website here: www.laurelhouse.net
Who are the executives of Friends Of Laurel House Inc and what are their salaries?
Here are 11 key members and their salaries (Friends Of Laurel House Inc's CEO's salary is $0 and their total compensation is $216,300):
- Compensation: $0
- Related: $216,300
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- Compensation: $0
- Related: $138,020
- Other: $0
Official website here: www.laurelhouse.net
Where can I find the form 990 for Friends Of Laurel House Inc?
Friends Of Laurel House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laurelhouse.net
Learn more at the official website: www.laurelhouse.net
Mission Statement of Friends Of Laurel House Inc
Friends of Laurel House, Inc, a supporting organization, is dedicated to aiding Laurel House, Inc in its mission. Laurel House engages in various activities, primarily focused on psychosocial rehabilitation, supportive housing, employment placement, and educational support programs. In simpler terms, Friends of Laurel House, Inc works to facilitate and enhance Laurel House's efforts in helping individuals recover from mental health issues, providing them with stable housing, job opportunities, and educational support.
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Impact
June, 2024
Friends Of Laurel House Inc's impact is significant in supporting Laurel House's activities, which include providing psychosocial rehabilitation, supportive housing, employment placement, and educational support programs for individuals in need. By serving as a supporting organization, Friends Of Laurel House Inc plays a crucial role in contributing to the well-being and empowerment of individuals struggling with mental health challenges in Stamford, CT. Their dedication to these programs helps improve the quality of life and overall outcomes for the individuals they serve, making a positive difference in the community.
This information is meant to be a general summary of Friends Of Laurel House 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: -$90,741
- Gross Receipts: $1,171,562
Assets and Liabilities:
- Total Assets: $2,314,108
- Total Liabilities: $441,709
- Net Assets: $1,872,399
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Organization Details
Founding Year
1985
Phone
(203) 324-1816Principal Officer
Thomas Cooke
Main Address
1616 WASHINGTON BLVD, STAMFORD, CT, 06902
Website
www.laurelhouse.netNTEE Category
Code: F110 - Mental health
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