Overview
What is The Caring Place Of Hot Springs Inc?
The Caring Place of Hot Springs Inc, located at 101 Quapaw Avenue, Hot Springs, Arkansas 71901, is a nonprofit organization dedicated to providing care and support for individuals dealing with Alzheimer's or other types of dementia. With a team of 18 dedicated individuals, the organization operates an adult day-care and respite center, offering a safe and nurturing environment for those in need. Their mission centers around providing essential services, allowing caregivers to take a break and ensuring the well-being of those living with these debilitating conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Caring Place Of Hot Springs Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization demonstrates strong governance with a fully independent board and no material diversion of assets, which reflects positively on its operational integrity. However, the lack of several key policies such as a conflict of interest policy and whistleblower protection raises questions about its overall accountability.
Financially, the nonprofit shows a solid program expense ratio of 78.51%, suggesting that a significant portion of its expenditures is directed toward its programs. The organization maintains a favorable liabilities to assets ratio, indicating sound financial management. However, the absence of its website information on tax forms and other governance policies detracts from its transparency, contributing to the lower overall rating.
In summary, while The Caring Place Of Hot Springs Inc has established a foundation of good governance and financial management, the missing policies and website details limit its rating. Prospective donors and supporters may want to consider these factors when evaluating the organization's overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Caring Place Of Hot Springs Inc legitimate?
The Caring Place Of Hot Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Caring Place Of Hot Springs 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: $205,115
For more financial information, click here
What is the mission statement of The Caring Place Of Hot Springs Inc?
The Caring Place of Hot Springs Inc. is dedicated to operating an adult day-care and respite center specifically designed for individuals battling Alzheimer's or other types of dementia. The organization's primary purpose is to provide a supportive environment where these individuals can engage in meaningful activities, receive care, and enjoy some respite for their caregivers. By offering this service, The Caring Place aims to enhance the quality of life for both those affected by dementia and their families, providing them with a sense of community and care. The center's operations may also include educational resources, recreational activities, and therapeutic support to help individuals manage their symptoms and maintain their cognitive abilities as much as possible.
What is the revenue of The Caring Place Of Hot Springs Inc?
The Caring Place Of Hot Springs Inc's revenue in 2023 was $280,642.
Who are the executives of The Caring Place Of Hot Springs Inc and what are their salaries?
The average compensation at The Caring Place Of Hot Springs Inc during 2023 was $14,651. There are 14 employees at The Caring Place Of Hot Springs Inc.
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Where can I find the form 990 for The Caring Place Of Hot Springs Inc?
The Caring Place Of Hot Springs Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Caring Place Of Hot Springs Inc
The Caring Place of Hot Springs Inc is dedicated to providing a day-care and respite center for individuals battling Alzheimer's or other forms of dementia. This nonprofit organization's mission is centered around operating a facility that offers a supportive environment for these individuals, allowing them to engage in social activities, receive care, and have temporary relief for their caregivers. By providing this service, The Caring Place of Hot Springs Inc aims to improve the quality of life for those affected by dementia, offering them a safe and stimulating environment during the day. The organization's operations are focused on ensuring the well-being and comfort of its clients, providing them with the care and attention they need to maintain their cognitive and physical abilities.
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Impact
October, 2024
The Caring Place of Hot Springs, Inc. significantly enhances the quality of life for individuals affected by Alzheimer's and other forms of dementia. By providing a dedicated adult day-care and respite center, it offers a safe and nurturing environment where clients can engage in meaningful activities tailored to their needs. This center not only alleviates stress for caregivers, allowing them much-needed breaks, but it also fosters social connections and promotes cognitive engagement for participants. The supportive atmosphere encourages creativity through arts activities, enriching the lives of those with dementia while honoring their dignity and individuality. By improving the well-being of both clients and caregivers, The Caring Place has a profound and lasting impact on the community in Hot Springs, Arkansas.
This information is meant to be a general summary of The Caring Place Of Hot Springs 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: $1,062
- Program Service Revenue: $109,722
- Gross Receipts: $280,642
Assets and Liabilities:
- Total Assets: $1,041,150
- Total Liabilities: $14,074
- Net Assets: $1,027,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIVATE PAY SERVICE
Revenue
$98,712
MEDICAID
Revenue
$11,010
Organization Details
Founding Year
1996
Principal Officer
Joe Walker
NTEE Category
Code: A20 - Arts
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