Overview
What is Rachels Haven Inc?
Rachels Haven Inc, a nonprofit organization located in Pound, Virginia, is dedicated to enriching the lives of mentally challenged individuals. With a team of 36 employees, they offer housing and accommodation services as their primary mission. Their aim is to provide a supportive environment for these individuals, aiming to improve their overall quality of life. The organization's work extends beyond just housing, as they strive to create an atmosphere that fosters growth and development for those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rachels Haven Inc has received a Two-Star out of Four Star rating from Charity Navigator with an overall score of 67%. This rating indicates that while the organization has made strides in certain areas, there are significant concerns that need to be addressed, particularly in financial management and governance practices. The organization excels in maintaining a majority independent board and managing its liabilities effectively, but it falls short in providing transparent financial statements and having essential policies in place.
The organization’s program expense ratio is notably high at 91.57%, suggesting that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, the fundraising efficiency raises red flags, with an exceedingly low ratio of $0.002, indicating potential issues in their fundraising strategies. This discrepancy highlights the need for improved financial practices to enhance overall operational effectiveness.
Several governance policies, such as conflict of interest and document retention policies, are lacking, which could impact accountability and transparency. While the organization maintains thorough documentation of board meeting minutes, the absence of a whistleblower policy and failure to provide financial documents to board members before filing further detracts from its governance score. Addressing these limitations will be crucial for Rachels Haven Inc to improve its rating and enhance trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Rachels Haven Inc legitimate?
Rachels Haven Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rachels Haven 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,145,283
For more financial information, click here
What is the mission statement of Rachels Haven Inc?
The mission of Rachels Haven Inc is focused on providing housing and accommodation services for individuals with mental challenges, with the aim of enriching their lives. The organization strives to offer suitable living arrangements that cater to the unique needs of these individuals, fostering an environment that supports their overall well-being and personal growth. By offering such services, Rachels Haven Inc aspires to make a positive difference in the lives of those who require assistance, contributing to a more inclusive and supportive society.
Who is the CEO of Rachels Haven Inc?
Janice Payne is the Director of Rachels Haven Inc.
What is the revenue of Rachels Haven Inc?
Rachels Haven Inc's revenue in 2022 was $2,067,420.
Who are the executives of Rachels Haven Inc and what are their salaries?
The average compensation at Rachels Haven Inc during 2022 was $31,813. There are 36 employees at Rachels Haven Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rachels Haven Inc?
Rachels Haven Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rachels Haven Inc
Rachel's Haven Inc, a non-profit organization, is dedicated to enriching the lives of mentally challenged individuals by providing housing and accommodation services. Their mission is centered around offering a supportive living environment for these individuals, aiming to improve their overall quality of life. By providing a home, Rachel's Haven Inc offers a sanctuary where these individuals can thrive and grow, fostering a sense of community and well-being. The organization's commitment to this cause is evident in their focus on enriching the lives of their residents, demonstrating a deep compassion for the individuals they serve.
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Impact
June, 2024
Rachels Haven Inc has a significant impact on the lives of mentally challenged individuals by providing them with housing and accommodation services aimed at enriching their lives. Through their mission of offering support and a safe living environment, they contribute to the wellbeing and quality of life of these individuals. Additionally, their focus on mental health underscores the importance of addressing the specific needs of this population. By creating a nurturing and inclusive space, Rachels Haven Inc plays a crucial role in promoting dignity, independence, and a sense of community among mentally challenged individuals in Pound, VA.
This information is meant to be a general summary of Rachels Haven 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.
- Gross Receipts: $2,067,420
Assets and Liabilities:
- Total Assets: $842,754
- Total Liabilities: $19,896
- Net Assets: $822,858
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Organization Details
Founding Year
2005
Phone
(276) 796-4491Principal Officer
Janice Payne
Main Address
PO BOX 148, POUND, VA, 24279
NTEE Category
Code: F33 - Mental health
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