Overview
What is Family Options Inc?
Family Options Inc is a dedicated nonprofit organization based in Prospect, Connecticut, with a mission to support individuals of all abilities and backgrounds in becoming active and self-sufficient members of their communities. Situated at 115 Waterbury Road STE 1, Family Options Inc offers community-based residential alternatives, aiming to help developmentally disabled individuals grow more independent. With a workforce of 136 dedicated employees, the organization is committed to providing quality supports that allow individuals to build meaningful relationships, achieve their personal, educational, and professional goals, and thrive in their communities.
Official website here: www.familyoptionsjc.org
What are the reviews and ratings of this charity?
Charity Navigator rates Family Options Inc with an 81%, granting it a Three-Star out of Four Star rating. This rating is derived solely from its Accountability & Finance score, reflecting the organization’s commitment to financial responsibility and transparency. The score indicates that Family Options Inc meets several key criteria, ensuring that funds are utilized effectively for its mission.
Strengths highlighted in the evaluation include a fully independent board, with all members meeting the standards for governance. The organization excels in maintaining robust financial oversight, evidenced by its comprehensive audit and oversight measures. Additionally, Family Options Inc demonstrates strong fiscal responsibility, as shown by a high program expense ratio of 89.05%, which indicates that a substantial portion of its resources is directed toward its programs and services.
However, there are some limitations noted in the ratings. The organization's liabilities to assets ratio received a low score, reflecting potential concerns regarding financial health in regard to obligations versus available resources. Despite this, the overall accountability measures in place suggest that Family Options Inc is committed to maintaining high standards of financial integrity and organizational governance.
This AI summary has been generated from information found on Charity Navigator.
Is Family Options Inc legitimate?
Family Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Options 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: $264,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,578,146
For more financial information, click here
Official website here: www.familyoptionsjc.org
What is the mission statement of Family Options Inc?
Family Options Inc is committed to providing support to individuals of all abilities and backgrounds, enabling them to actively participate in their communities. Their mission is to help individuals establish and maintain meaningful relationships with family and friends, and to assist them in achieving their personal, educational, professional, and life goals. The organization offers quality services to empower individuals to become active members of society and lead fulfilling lives.
Official website here: www.familyoptionsjc.org
What is the revenue of Family Options Inc?
Family Options Inc's revenue in 2024 was $6,373,220.
Official website here: www.familyoptionsjc.org
Who are the executives of Family Options Inc and what are their salaries?
The average compensation at Family Options Inc during 2024 was $24,322. There are 158 employees at Family Options Inc.
Here are 9 key members and their salaries:
- Compensation: $132,382
- Related: $0
- Other: $39,544
- Compensation: $132,284
- Related: $0
- Other: $39,684
- 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.familyoptionsjc.org
Where can I find the form 990 for Family Options Inc?
Family Options Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.familyoptionsjc.org
Learn more at the official website: www.familyoptionsjc.org
Mission Statement of Family Options Inc
Family Options Inc, a nonprofit organization, is committed to offering quality support to individuals, regardless of abilities, disabilities, or religious affiliations. Their mission is twofold: firstly, they aim to help these individuals become active members of their communities. This involves fostering connections and relationships within their communities, enabling them to participate fully. Secondly, Family Options Inc assists individuals in achieving their personal, educational, professional, and other life goals. By providing this support, the organization empowers men, women, and children to lead fulfilling lives, build and maintain meaningful relationships, and ultimately, succeed in various aspects of their lives.
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Impact
July, 2024
Family Options Inc's impact can be seen in its dedication to providing individuals, regardless of abilities or disabilities, with quality supports to become active members of their communities. By operating community living arrangements for individuals who are developmentally disabled, the organization assists them in becoming increasingly self-sufficient. Through their efforts, Family Options Inc enables individuals to build and sustain meaningful relationships with family and friends, while also supporting them in achieving their individual, educational, professional, and personal goals. This commitment to empowering individuals to thrive and succeed in various aspects of their lives reflects the positive impact that Family Options Inc has on the community.
This information is meant to be a general summary of Family Options 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 2024.
- Investment Income: $19,075
- Program Service Revenue: $6,037,538
- Gross Receipts: $6,373,220
Assets and Liabilities:
- Total Assets: $3,066,625
- Total Liabilities: $2,500,563
- Net Assets: $566,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY LIVING ARRANGEMENTS
Revenue
$4,684,335
SUPPORTED LIVING PROGRAM
Revenue
$1,043,181
DAY PROGRAM SERVICES
Revenue
$310,022
Organization Details
Founding Year
2000
Principal Officer
Candace Eggleston
Website
www.familyoptionsjc.orgNTEE Category
Code: P82 - Human services
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