Overview
What is Richmeier Therapeutic Home Inc?
Richmeier Therapeutic Home Inc is a nonprofit organization, headquartered in Toledo, Ohio, with a postal address at PO Box 351928. They hold a license from the state of Ohio to provide foster care and counseling services to up to 15 minor male individuals who have experienced significant abuse and troubles. Their mission is centered around offering therapeutic foster care and counseling to these vulnerable youth, aiming to provide them with a safe and supportive environment to heal and grow. The organization currently employs a team of 20 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Richmeier Therapeutic Home Inc has earned a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and financial health. The organization boasts a high level of accountability, with 100% of its board members being independent and a perfect score for its audit and oversight committee. Additionally, there are no reported issues regarding the diversion of assets, and robust policies are in place for conflict of interest, whistleblowing, and document retention.
The nonprofit demonstrates commendable financial efficiency, with an impressive program expense ratio of 95.67%, suggesting that the vast majority of its funds are directed towards its core mission. Its liabilities to assets ratio stands at a healthy 17.18%, reflecting prudent financial management and sustainability. These strengths contribute to a positive overall assessment of the organization’s operations and governance.
Despite these strengths, further details on specific program outcomes or user feedback were not provided, which may limit a full understanding of the organization’s impact. Nonetheless, the existing financial metrics and governance practices present Richmeier Therapeutic Home Inc as a responsible and effective nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Richmeier Therapeutic Home Inc legitimate?
Richmeier Therapeutic Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmeier Therapeutic 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: $72,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $557,954
For more financial information, click here
What is the mission statement of Richmeier Therapeutic Home Inc?
Richmeier Therapeutic Home Inc is dedicated to providing foster care and counseling for significantly abused and troubled youth. Their mission is centered around offering a supportive environment and therapeutic interventions for these young individuals, aiming to help them overcome their challenges and heal from their experiences. The organization is licensed by the State of Ohio, enabling it to accommodate up to 15 minor male residents.
Who is the CEO of Richmeier Therapeutic Home Inc?
Laura Richmeier is the Executive Director of Richmeier Therapeutic Home Inc.
What is the revenue of Richmeier Therapeutic Home Inc?
Richmeier Therapeutic Home Inc's revenue in 2022 was $2,110,659.
Who are the executives of Richmeier Therapeutic Home Inc and what are their salaries?
The average compensation at Richmeier Therapeutic Home Inc during 2022 was $31,498. There are 20 employees at Richmeier Therapeutic Home Inc.
Here are 2 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Richmeier Therapeutic Home Inc?
Richmeier Therapeutic Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richmeier Therapeutic Home Inc
Richmeier Therapeutic Home Inc is dedicated to providing foster care and counseling for significantly abused and troubled youth. Their mission is centered around offering a nurturing environment and therapeutic support to these vulnerable young individuals, who have faced severe neglect and hardships. Licensed by the state of Ohio, this nonprofit organization is authorized to care for up to 15 minor male residents, providing them with a safe and supportive space to heal and grow.
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Impact
October, 2024
Richmeier Therapeutic Home Inc plays a vital role in the Toledo community by providing essential care and counseling for significantly abused and troubled youth. Licensed by the State of Ohio, the facility can accommodate up to 15 minor males, offering a safe and nurturing environment where they can heal and grow.
The organization focuses on foster care and specialized counseling, addressing the complex needs of young individuals who have experienced trauma. Through individualized care plans, Richmeier Therapeutic Home Inc empowers these youth to overcome their challenges and build a foundation for a brighter future.
By serving as a refuge for vulnerable youth, the organization not only contributes to their personal development and recovery but also positively impacts the broader community, as healthier individuals are better equipped to engage and contribute to society. Richmeier Therapeutic Home Inc is committed to transforming lives, fostering resilience, and offering hope to those who need it the most.
This information is meant to be a general summary of Richmeier Therapeutic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,110,659
- Gross Receipts: $2,110,659
Assets and Liabilities:
- Total Assets: $200,616
- Total Liabilities: $41,138
- Net Assets: $159,478
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$2,110,659
Organization Details
Founding Year
2006
Principal Officer
Laura Richmeier
Main Address
PO BOX 351928, TOLEDO, OH, 43635
NTEE Category
Code: P32 - Human services
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