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Trustcare Group Home Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201450100 ✦ Southfield, MI ✦ Designated as a 501(c)(3)

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Overview

What is Trustcare Group Home Inc?

Trustcare Group Home Inc, situated in Southfield, Michigan, is a nonprofit organization that offers a sanctuary and supportive services to numerous individuals residing in various group homes. Their mission is centered around providing essential needs such as food, shelter, and medical care to those in need. Beyond the basics, they also offer comprehensive support services, ensuring a holistic approach to enhancing the lives of their residents. With a dedicated team of 57 employees, Trustcare Group Home Inc stands as a beacon of hope and care for individuals requiring shelter and assistance.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.

Trustcare Group Home Inc has received a Two-Star rating from Charity Navigator, indicating some areas of improvement in accountability and financial practices. While the organization demonstrates a strong composition of its board with 100% independent members and maintains a low material diversion of assets, it lacks crucial financial transparency measures, such as having its financial statements reviewed or compiled.

Additionally, there are several gaps in governance practices, highlighted by the absence of key policies like conflict of interest and whistleblower protections, as well as a missing website listing on their tax form. Despite these limitations, the organization showcases a commendable program expense ratio of 81.20%, indicating a significant portion of resources is directed toward its programs rather than administrative costs.


This AI summary has been generated from information found on Charity Navigator.

Is Trustcare Group Home Inc legitimate?

Trustcare Group Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustcare Group Home 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: $156,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,454,383

For more financial information, click here

What is the mission statement of Trustcare Group Home Inc?

Trustcare Group Home Inc's mission is centered around providing essential services to those in need. They offer shelter and support, ensuring access to food, medical care, and various other assistance programs. Their mission is carried out by offering shelter, providing transportation, and organizing resident activities in multiple group homes. The primary aim is to enhance the well-being of their residents, offering them a safe and supportive environment during challenging times.

Who is the CEO of Trustcare Group Home Inc?

Bose Ogbeifun is the President of Trustcare Group Home Inc.

What is the revenue of Trustcare Group Home Inc?

Trustcare Group Home Inc's revenue in 2022 was $3,339,037.

Who are the executives of Trustcare Group Home Inc and what are their salaries?

The average compensation at Trustcare Group Home Inc during 2022 was $28,252. There are 57 employees at Trustcare Group Home Inc.


Here are 4 key members and their salaries:


Bose Ogbeifun (President)
  • Compensation: $153,677
  • Related: $0
  • Other: $0
Osamudiamen Oviasu (Director)
  • Compensation: $96,000
  • Related: $0
  • Other: $0
Charles Ogbeifun (Director)
  • Compensation: $57,339
  • Related: $0
  • Other: $0
Samuel Oviasu (Director)
  • Compensation: $38,806
  • Related: $0
  • Other: $0
Where can I find the form 990 for Trustcare Group Home Inc?

Trustcare Group Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Trustcare Group Home Inc

Trustcare Group Home Inc is committed to providing shelter and support services to individuals in need. Their mission is to offer food, shelter, medical care, and various forms of support to those who are seeking assistance. Through their programs, they aim to create an environment where residents can find refuge and focus on rebuilding their lives. In addition to basic necessities, Trustcare Group Home Inc also provides transportation and resident activities, ensuring that the overall well-being of its residents is addressed.

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Impact




August, 2024

Trustcare Group Home Inc's impact lies in its provision of shelter and support services, including food, shelter, medical care, and support services to those in need. The organization's program offers essential services such as food, shelter, transportation, and resident activities for several residents across multiple group homes in Southfield, MI. Trustcare Group Home Inc's mission is centered around providing critical support services to individuals in need, contributing to the well-being and stability of the community.




This information is meant to be a general summary of Trustcare Group Home 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.

Revenue
$3,339,037 (2022)
Expenses
$2,678,173 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Gross Receipts: $3,339,037

Assets and Liabilities:

  • Total Assets: $1,602,871
  • Total Liabilities: $3,337
  • Net Assets: $1,599,534

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Organization Details

Founding Year

2004

Principal Officer

Bose Ogbeifun

Main Address

15565 NORTHLAND DR, SOUTHFIELD, MI, 48075

NTEE Category

Code: P70 - Human services

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