Overview
What is Project Share Inc?
Project Share Inc, located in Medford, New York, operates as a nonprofit organization dedicated to providing community residences for individuals with psychiatric disabilities. Their mission involves establishing, operating, and maintaining these residences to offer a supportive living environment for those in need. This program aims to improve the quality of life for these individuals, providing them with a safe and nurturing space to call home.
Official website here: www.concernhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Project Share Inc has received an overall score of 82%, indicating a solid performance in terms of accountability and finance, which is the sole factor in this rating. The nonprofit demonstrates strong governance with a fully independent board comprising eight members and has no reported material diversions of assets. All necessary policies regarding conflict of interest, whistleblower protections, and document retention are in place, reflecting a commitment to transparency.
One of the key strengths of Project Share Inc includes its impressive program expense ratio of 85.22%, showcasing that a significant portion of its spending directly supports its mission. This strong financial management indicates effective allocation of resources towards fulfilling its charitable goals. Additionally, the organization lists its website on the tax form, enhancing accessibility and transparency for stakeholders.
However, it's important to note the high liabilities to assets ratio of 231.31%, which could suggest potential financial risk. This factor may raise concerns among potential donors regarding the organization's financial health and sustainability moving forward. Overall, while Project Share Inc exhibits strong accountability practices, attention to its financial liabilities is advisable.
This AI summary has been generated from information found on Charity Navigator.
Is Project Share Inc legitimate?
Project Share Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Share 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:
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For more financial information, click here
Official website here: www.concernhousing.org
What is the mission statement of Project Share Inc?
Project Share Inc's mission revolves around establishing, managing, and maintaining community residences for individuals with psychiatric disabilities. Their primary objective is to provide a living environment that cater to the unique needs of these individuals, ensuring their well-being and independence. The organization operates with the goal of promoting a sense of community and fostering an inclusive living space where these individuals can thrive. Their mission is driven by the belief in the dignity and worth of every individual, regardless of their mental health challenges.
Official website here: www.concernhousing.org
Who is the CEO of Project Share Inc?
Ralph Fasano is the Executive Director of Project Share Inc.
Official website here: www.concernhousing.org
What is the revenue of Project Share Inc?
Project Share Inc's revenue in 2022 was $151,520.
Official website here: www.concernhousing.org
Who are the executives of Project Share Inc and what are their salaries?
There 50 volunteers at Project Share Inc.
Here are 17 key members and their salaries:
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- Compensation: $432,667
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- Other: $63,590
- Compensation: $293,488
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- Compensation: $151,722
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- Compensation: $158,813
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- Other: $48,613
- Compensation: $140,319
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- Other: $36,829
Official website here: www.concernhousing.org
Where can I find the form 990 for Project Share Inc?
Project Share Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.concernhousing.org
Learn more at the official website: www.concernhousing.org
Mission Statement of Project Share Inc
Project Share Inc, as a community residence program, is committed to establishing, operating, and maintaining residences specifically designed for individuals grappling with psychiatric disabilities. The organization's primary mission is to provide a supportive and safe living environment for these individuals, helping them navigate their daily lives with the necessary care and attention they require. By establishing and operating such residences, Project Share Inc aims to contribute to the overall well-being and independence of these individuals, enabling them to lead fulfilling lives with dignity and respect. The program's maintenance aspect ensures the ongoing upkeep and sustainability of these residences, ensuring they remain conducive to the needs of their residents over time.
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Impact
October, 2024
Project Share Inc significantly enhances the quality of life for individuals with psychiatric disabilities by establishing, operating, and maintaining community residences in Medford, NY. By providing safe and supportive living environments, the organization promotes stability and independence for its residents. This initiative not only addresses immediate housing needs but also fosters a sense of community and belonging, crucial for mental health recovery. Through its dedicated programs, Project Share Inc empowers individuals, helping them to integrate more fully into society and improve their overall well-being. The impact extends beyond the residents, benefiting the broader community by promoting awareness and understanding of mental health issues.
This information is meant to be a general summary of Project Share 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: $1
- Program Service Revenue: $46,325
- Gross Receipts: $151,520
Assets and Liabilities:
- Total Assets: $489,013
- Total Liabilities: $1,056,270
- Net Assets: -$567,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$46,325
Organization Details
Founding Year
1990
Phone
(631) 758-0474Principal Officer
Ralph Fasano
Main Address
312 EXPRESSWAY DRIVE SOUTH, MEDFORD, NY, 11763
Website
www.concernhousing.orgNTEE Category
Code: T30J - Philanthropy
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