Overview
What is Waverly Residence Inc?
Waverly Residence Inc, located in Bohemia, New York, is a dedicated nonprofit organization that focuses on providing supportive housing for individuals with developmental disabilities. Their mission is centered around enhancing the living conditions and fostering independence for these individuals, ensuring they have a nurturing environment to call home. The organization's primary activity revolves around offering housing solutions tailored to the unique needs of those with developmental disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Waverly Residence Inc has received a solid rating of 79%, indicating a satisfactory level of accountability and financial health. The organization excels in governance, with a fully independent board and comprehensive policies in place for conflicts of interest and whistleblower protections, reflecting strong ethical practices.
However, the organization faces a significant challenge regarding its liabilities, as indicated by a liabilities to assets ratio of 143.15%, which raises concerns about its financial sustainability. Despite this limitation, the high program expense ratio of 86.08% suggests that a substantial portion of its resources is directed towards its mission-driven activities. Overall, Waverly Residence Inc demonstrates commendable strengths in governance and accountability but must address its financial liabilities for improved stability.
This AI summary has been generated from information found on Charity Navigator.
Is Waverly Residence Inc legitimate?
Waverly Residence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waverly Residence 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.
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What is the mission statement of Waverly Residence Inc?
Waverly Residence Inc. is committed to providing supportive housing for individuals with developmental disabilities. Their mission is focused on creating an environment that caters to the unique needs of these individuals, aiming to enhance their quality of life and promote their overall well-being. The organization does not specify the location in the provided information, but it is known to operate in Bohemia, NY.
Who is the CEO of Waverly Residence Inc?
Paul Torres is the President Until 2-13-23 of Waverly Residence Inc.
What is the revenue of Waverly Residence Inc?
Waverly Residence Inc's revenue in 2023 was $159,260.
Who are the executives of Waverly Residence Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Waverly Residence Inc?
Waverly Residence Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waverly Residence Inc
Waverly Residence Inc, a nonprofit organization, is dedicated to providing supportive housing for individuals with developmental disabilities. Their mission is to create an environment that caters to the unique needs of these individuals, ensuring they have a comfortable and nurturing living space. Waverly Residence Inc's primary objective is to provide a home where individuals with developmental disabilities can thrive and lead fulfilling lives, fostering independence and inclusivity. The organization's focus on supportive housing is a testament to their commitment to improving the lives of those with developmental disabilities, offering them a place where they can feel safe, valued, and respected.
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Impact
October, 2024
Waverly Residence Inc makes a significant impact by providing supportive housing for individuals with developmental disabilities in Bohemia, NY. This organization creates safe, nurturing environments where residents can thrive, fostering independence and enhancing quality of life. By focusing on supportive housing, Waverly Residence ensures that individuals have access to essential resources and services that meet their specific needs, allowing them to live more fulfilling lives within the community. The center not only addresses housing challenges but also promotes social integration and personal development, contributing to the overall well-being of residents and their families. Through its dedicated approach, Waverly Residence Inc plays a crucial role in advocating for the rights and dignity of people with developmental disabilities, ensuring they have the opportunity to lead rich, autonomous lives.
This information is meant to be a general summary of Waverly Residence 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 2023.
- Investment Income: $1,828
- Program Service Revenue: $72,432
- Gross Receipts: $159,260
Assets and Liabilities:
- Total Assets: $418,087
- Total Liabilities: $598,516
- Net Assets: -$180,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$72,432
Organization Details
Founding Year
1997
Phone
(631) 589-5222Principal Officer
Paul Torres
Main Address
2900 VETERANS MEMORIAL HIGHWAY, BOHEMIA, NY, 11716
NTEE Category
Code: P82 - Human services
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