Overview
What is Xyz Services Inc?
Xyz Services Inc is a nonprofit organization located in Potomac, Maryland, with a focus on providing assistance to recovering alcoholics and addicts. Their primary mission is to offer low-priced shelter and job assistance services as a stepping stone towards recovery. The organization sets up group homes for transitional purposes and short-term housing, aiming to aid individuals in rebuilding their lives after overcoming substance abuse. Their services extend beyond just housing, as they also offer job assistance to help residents reintegrate into society.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 33% (Zero-Star out of Four Star rating)
Xyz Services Inc has received a low rating of 33%, which reflects significant concerns regarding its accountability and financial practices. The score is based solely on the Accountability & Finance beacon, highlighting weaknesses in critical areas necessary for nonprofit transparency and governance.
The organization does have strengths, such as having an entirely independent board with 100% of its members being independent and a small board size. Additionally, there have been no reported diversions of assets, which is a positive sign for the integrity of the organization. However, the lack of a website listed on its tax form and missing policies related to conflict of interest, whistleblowing, and document retention suggests significant gaps in its operational transparency.
Moreover, the financial ratios presented are alarming, with a high liabilities to assets ratio of 98.67% and a low program expense ratio of 35.77%. These metrics raise concerns about the organization’s financial health and its commitment to directing funds toward its programs effectively. Overall, the findings indicate that while there are some organizational strengths, the shortcomings in policy and financial management present serious challenges for Xyz Services Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Xyz Services Inc legitimate?
Xyz Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Xyz 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Xyz Services Inc?
Xyz Services Inc is committed to providing assistance for individuals struggling with addiction and alcoholism. Their mission, centered around affordability, involves offering low-priced shelter and job assistance services to aid in the recovery process. Specifically, their services include providing transitional group homes for recovering addicts and alcoholics, as well as low-rent housing and job placement assistance. Their goal is to offer a supportive environment to help individuals regain control of their lives.
Who is the CEO of Xyz Services Inc?
Raymond Holmes is the President of Xyz Services Inc.
What is the revenue of Xyz Services Inc?
Xyz Services Inc's revenue in 2021 was $165,427.
Who are the executives of Xyz Services Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Xyz Services Inc?
Xyz Services Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Xyz Services Inc
Xyz Services Inc, a non-profit organization, is committed to aiding individuals struggling with addiction and alcoholism by offering assistance in their recovery journey. The primary mission of Xyz Services is to provide affordable housing solutions for recovering alcoholics and addicts, serving as a transitional haven for those in need. Xyz Services sets up group homes, which are used for short-term housing purposes, offering a supportive environment for individuals to focus on their recovery.
In addition to providing low-cost housing, Xyz Services also offers job assistance services. These services aim to help individuals reintegrate into society, providing them with the tools and resources necessary to secure employment and rebuild their lives. By offering both housing and job assistance, Xyz Services seeks to holistically support individuals in their recovery and help them achieve long-term sobriety.
In summary, Xyz Services Inc is a non-profit organization dedicated to providing addiction recovery assistance to individuals struggling with addiction and alcoholism. Through the provision of low-priced housing and job assistance services, Xyz Services offers a supportive environment for individuals to focus on their recovery, reintegrate into society, and achieve long-term sobriety.
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Impact
June, 2024
Xyz Services Inc has a significant impact on the community by providing addiction recovery assistance to addicts and alcoholics through their group homes and job assistance services. Their focus on offering low-priced shelter and support for individuals in need helps to address the critical issue of addiction and mental health in Potomac, MD. By creating a safe and supportive environment for recovery, Xyz Services Inc plays a crucial role in helping individuals rebuild their lives and reintegrate into society. Their mission to provide affordable housing and job assistance services is a valuable contribution to the community's efforts to combat addiction and promote overall well-being.
This information is meant to be a general summary of Xyz 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 2021.
- Program Service Revenue: $113,776
- Gross Receipts: $165,427
Assets and Liabilities:
- Total Assets: $127,298
- Total Liabilities: $116,208
- Net Assets: $11,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTS
Revenue
$111,876
RENT ASSISTANCE
Revenue
$1,800
Non Refundable Security Deposits
Revenue
$100
Organization Details
Founding Year
2003
Phone
(301) 983-0264Principal Officer
Raymond Holmes
Main Address
11704 JUDY PLACE, Potomac, MD, 208543147
NTEE Category
Code: F20 - Mental health
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