Overview
What is Home Life Services Inc?
Home Life Services Inc, situated in Brooklyn, New York, is a nonprofit organization dedicated to providing housing and essential support services for homeless families. With a team of 529 employees, they operate in ten shelters, addressing the urgent needs of vulnerable families. Their mission is to offer not just a roof over their heads, but also crucial support systems as they work towards regaining stability.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79%, Three-Star out of Four Star rating.
Home Life Services Inc has received a solid rating of 79% from Charity Navigator, indicating a reasonable level of accountability and financial health. The organization excels in governance, with 100% independent board members and robust policies in place to prevent conflicts of interest and manage whistleblower concerns. Additionally, they demonstrate strong oversight through their audit and financial statements.
One of the notable strengths of Home Life Services Inc is its high program expense ratio of 92.23%, suggesting that a significant portion of its funds is directed toward its mission and services. The organization also shows a commendable level of financial integrity, reporting no material diversion of assets and maintaining a high liabilities-to-assets ratio.
However, while the organization displays strong governance and financial practices, it has room for improvement in addressing its liabilities relative to its assets. This area received a lower score, indicating potential financial risks that could impact its overall sustainability. Overall, Home Life Services Inc maintains a solid reputation, but stakeholders may want to keep an eye on its financial strategy moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Home Life Services Inc legitimate?
Home Life Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Life Services 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: $1,759,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,210,493
For more financial information, click here
What is the mission statement of Home Life Services Inc?
Home Life Services Inc is dedicated to making a difference in the lives of homeless families. Their mission is to provide essential housing and support services to help families regain stability and independence. Through their commitment to ten shelters, Home Life Services Inc offers a safe and nurturing environment for those in need. Their services go beyond just providing shelter, as they also offer essential support to help families rebuild their lives. By focusing on the needs of homeless families, Home Life Services Inc aims to make a positive impact and bring hope to those in need.
Who is the CEO of Home Life Services Inc?
Gerald Schreck Susan Alter is the Executive Director of Home Life Services Inc.
What is the revenue of Home Life Services Inc?
Home Life Services Inc's revenue in 2022 was $72,680,146.
Who are the executives of Home Life Services Inc and what are their salaries?
The average compensation at Home Life Services Inc during 2022 was $39,641. There are 529 employees at Home Life Services Inc.
Here are 11 key members and their salaries:
- Compensation: $326,551
- Related: $0
- Other: $705
- Compensation: $326,551
- Related: $0
- Other: $1,557
- Compensation: $234,874
- 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: $121,234
- Related: $0
- Other: $15,808
- Compensation: $120,103
- Related: $0
- Other: $15,808
- Compensation: $400,915
- Related: $0
- Other: $15,808
Where can I find the form 990 for Home Life Services Inc?
Home Life Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Home Life Services Inc
Home Life Services Inc, a dedicated nonprofit organization, is committed to providing housing and essential support services to homeless families. With a mission deeply rooted in compassion and community, Home Life Services Inc strives to offer more than just a roof over the heads of those in need. By providing shelter in ten distinct facilities, this organization creates an environment where families can regain their footing and rebuild their lives.
Home Life Services Inc's housing and support services are designed to empower homeless families as they work towards self-sufficiency. The organization goes beyond the basics, offering a range of resources and opportunities that promote stability and growth. By addressing the complex needs of families, Home Life Services Inc fosters an atmosphere of hope and the potential for a brighter future.
The organization's housing solutions are closely integrated with its support services, ensuring that families receive the care and guidance necessary to succeed. Home Life Services Inc's commitment to its mission is unwavering, as it continues to make a difference in the lives of countless homeless families across the community. Through its unyielding dedication and compassionate approach, Home Life Services Inc is a beacon of hope for those in need, providing a safe and nurturing environment where families can heal, grow, and ultimately, thrive.
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Impact
October, 2024
Home Life Services Inc plays a crucial role in addressing homelessness by providing essential housing and support services for families in need. Operating ten shelters in Brooklyn, NY, the organization creates safe and stable environments for homeless families, helping them transition into permanent housing.
Through comprehensive support services, Home Life Services Inc not only offers shelter but also aids in the development of life skills, access to education, and connection to resources that promote self-sufficiency. Their efforts help to break the cycle of homelessness, empowering families to rebuild their lives and integrate into the community. The organization’s ongoing commitment to supporting vulnerable populations significantly impacts both individual families and the broader community, fostering hope and stability in the lives of those they serve.
This information is meant to be a general summary of Home Life Services 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: $19,641
- Program Service Revenue: $70,027,352
- Gross Receipts: $72,680,146
Assets and Liabilities:
- Total Assets: $16,552,221
- Total Liabilities: $15,558,037
- Net Assets: $994,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVT AGENCIES
Revenue
$70,027,352
Organization Details
Founding Year
1995
Phone
(718) 645-8900Principal Officer
Gerald Schreck Susan Alter
Main Address
9201 4TH AVENUE - 6TH FLOOR, BROOKLYN, NY, 11209
NTEE Category
Code: L41 - Housing
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