Overview
What is Project Beginnings I Inc?
Project Beginnings I Inc is a nonprofit organization located at 564 Diagonal Road, Akron, Ohio. Their primary mission is to provide specialized housing facilities for elderly, disabled, handicapped, and mentally ill individuals, ensuring their physical, social, and psychological needs are met. This includes promoting their health, security, happiness, and overall well-being in longer living. The organization's primary activity is to offer housing facilities for these individuals, aiming to enhance their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Project Beginnings I Inc has received a Three-Star rating from Charity Navigator, with an overall score of 79%. This rating is solely based on the Accountability & Finance beacon, reflecting the organization's commitment to transparency and effective financial management. The high score in various areas indicates strong governance practices, such as having a fully independent board and comprehensive policies in place.
Strengths of the organization include a perfect score in board independence, with all members being independent, which supports unbiased decision-making. Additionally, the organization has a high program expense ratio of 79.65%, suggesting that a significant portion of its expenses is directed toward its mission-related programs, which is a positive indicator for donors. The presence of detailed policies on conflict of interest, whistleblower protections, and document retention further strengthens its accountability profile.
However, one notable limitation is the high liabilities to assets ratio of 109.95%, which may raise concerns about the organization's financial stability and ability to meet its obligations. While strong in governance and program efficiency, potential donors should consider this aspect as part of their evaluation. Overall, Project Beginnings I Inc demonstrates a commitment to accountability, but financial health may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Project Beginnings I Inc legitimate?
Project Beginnings I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Beginnings I 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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What is the mission statement of Project Beginnings I Inc?
Project Beginnings I Inc's mission is centered around providing housing facilities for elderly, disabled, handicapped, and mentally ill individuals. The organization aims to create living spaces that cater to the physical, social, and psychological needs of these individuals, promoting their health, security, happiness, and overall usefulness in their extended lives. The goal is to enhance their well-being, ensuring a sense of contentment in their longer living situations.
Who is the CEO of Project Beginnings I Inc?
Mary Jones is the President of Project Beginnings I Inc.
What is the revenue of Project Beginnings I Inc?
Project Beginnings I Inc's revenue in 2022 was $129,464.
Who are the executives of Project Beginnings I 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 Project Beginnings I Inc?
Project Beginnings I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Beginnings I Inc
Project Beginnings I Inc is dedicated to providing housing facilities for elderly, disabled, handicapped, and mentally ill individuals. Their mission is to create housing environments specifically designed to cater to the physical, social, and psychological needs of these individuals. By doing so, Project Beginnings I Inc aims to promote their health, security, happiness, and overall usefulness in longer living. The organization's goal is to offer a sanctuary where these individuals can thrive, fostering a sense of community and well-being.
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Impact
October, 2024
Project Beginnings I Inc significantly enhances the quality of life for elderly, disabled, handicapped, and mentally ill individuals by creating housing facilities tailored to meet their unique needs. By focusing on specifically designed environments, the organization promotes not only physical health but also social engagement and psychological well-being.
This initiative ensures that residents feel secure, happy, and useful, fundamentally improving their overall health and longevity. The impact of Project Beginnings I Inc extends beyond mere shelter; it fosters a community where individuals can thrive, enhancing their sense of purpose and belonging in Akron, OH. Through these dedicated efforts, the organization is helping to break down barriers faced by vulnerable populations, providing them with the support and resources necessary to live fulfilling lives.
This information is meant to be a general summary of Project Beginnings I 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.
- Investment Income: $13
- Program Service Revenue: $32,573
- Gross Receipts: $129,464
Assets and Liabilities:
- Total Assets: $717,356
- Total Liabilities: $788,747
- Net Assets: -$71,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,565
SUPPORTIVE HOUSING GRAN
Revenue
$17,008
Organization Details
Founding Year
2006
Principal Officer
Mary Jones
Main Address
564 Diagonal Road, Akron, OH, 443203010
NTEE Category
Code: L21 - Housing
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