Overview
What is New Canaan Group Home Inc?
New Canaan Group Home Inc, situated in New Canaan, Connecticut, is a nonprofit organization with a mission to provide a six-unit living facility for individuals with developmental disabilities who fall within the income categories of low and moderate. The organization's primary objective is to offer a supportive environment for these individuals, enabling them to live with dignity and independence. The facility aims to provide a sense of community, fostering a safe and inclusive living space that empowers its residents to lead fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
New Canaan Group Home Inc has achieved a solid rating of 86%, which reflects a strong commitment to accountability and financial health. The organization has scored particularly well in the areas of board independence, financial audits, and asset management. With 100% of its board members being independent and achieving the maximum score for financial statements audits, the organization demonstrates a high level of governance.
The nonprofit’s program expense ratio is exceptionally high at 98.42%, indicating that nearly all of its expenses are directed towards its programs rather than administrative costs. This suggests effective use of resources aimed at fulfilling its mission. Additionally, the organization has no material diversion of assets, which further underscores its financial integrity.
While the overall performance is commendable, it is important for potential donors and stakeholders to continuously monitor the organization’s ongoing operations and impact. Overall, New Canaan Group Home Inc appears to be a responsible and well-managed nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is New Canaan Group Home Inc legitimate?
New Canaan Group Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Canaan Group Home 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: $330,732
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What is the mission statement of New Canaan Group Home Inc?
New Canaan Group Home Inc is dedicated to providing a residential facility for individuals with developmental disabilities who fall under the category of low and moderate income. Their mission is to create an environment where these individuals can reside comfortably, offering them a sense of community and support. The organization aims to enhance their quality of life by providing them with a safe and suitable living space. Additionally, New Canaan Group Home Inc may offer resources or services to help these individuals lead more independent and fulfilling lives. However, the specifics of these resources or services are not provided in the information given.
Who is the CEO of New Canaan Group Home Inc?
Nancy Reichart is the President of New Canaan Group Home Inc.
What is the revenue of New Canaan Group Home Inc?
New Canaan Group Home Inc's revenue in 2022 was $636,146.
Who are the executives of New Canaan Group Home Inc and what are their salaries?
There 25 volunteers at New Canaan Group Home Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for New Canaan Group Home Inc?
New Canaan Group Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Canaan Group Home Inc
New Canaan Group Home Inc is dedicated to providing a living space for low-income and developmentally disabled individuals. This nonprofit organization aims to establish a six-unit facility that serves as a home for these individuals, offering them a secure and supportive environment. By offering this facility, New Canaan Group Home Inc seeks to contribute to the well-being and independence of these individuals, enabling them to live with dignity and comfort.
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Impact
July, 2024
New Canaan Group Home Inc's impact lies in providing a vital support system for low and moderate-income developmentally disabled individuals in New Canaan, CT. By offering a six-unit facility for these individuals to live in, the organization plays a crucial role in enhancing their quality of life and fostering a sense of community and care. Through its mission to provide a safe and supportive living environment, New Canaan Group Home Inc addresses the unique needs of this marginalized population, ensuring they have access to the resources and assistance necessary for their well-being. This initiative not only benefits the individuals directly served but also contributes to creating a more inclusive and compassionate society.
This information is meant to be a general summary of New Canaan Group Home 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: $16,432
- Program Service Revenue: $84,891
- Gross Receipts: $9,604,306
Assets and Liabilities:
- Total Assets: $2,153,348
- Total Liabilities: $656,468
- Net Assets: $1,496,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS/ROOM & BOARD
Revenue
$68,184
FOOD REIMBURSEMENT
Revenue
$16,707
Organization Details
Founding Year
1997
Phone
(203) 972-3867Principal Officer
Nancy Reichart
Main Address
162 SOUTH AVENUE, NEW CANAAN, CT, 06840
NTEE Category
Code: P73 - Human services
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