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Alternatives Homes 2005 Inc

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

EIN: 208605772 ✦ Raritan, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Alternatives Homes 2005 Inc?

Alternatives Homes 2005 Inc is a nonprofit organization situated in Raritan, New Jersey. Their primary mission is to offer specialized housing facilities and services to individuals requiring physical and mental health care. The organization operates two group homes, one in Bridgewater and another in Phillipsburg, providing a secure environment that caters to their physical, social, and psychological needs. By doing so, Alternatives Homes 2005 Inc aims to improve the overall well-being, security, and happiness of its consumers, enabling them to live more fulfilling lives.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79%, Three-Star out of Four Star rating

Alternatives Homes 2005 Inc has achieved a Three-Star rating, reflecting a solid performance in accountability and finance practices. The organization has a well-structured board, with 83% of its members being independent, which highlights its commitment to ethical governance. Additionally, it has implemented essential policies, including those for conflict of interest and whistleblowing, contributing to its overall strong accountability framework.

The charity's program expense ratio stands at an impressive 71.52%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This suggests a focus on achieving its mission effectively and efficiently, which is a favorable sign for donors looking for impactful organizations. Furthermore, there have been no material diversions of assets, reinforcing trust in its financial integrity.

However, while the rating signifies commendable practices, it is important to note that the score is derived entirely from accountability and finance metrics, without additional scores for other aspects of performance. Potential supporters may want to explore the charity's program outcomes and beneficiary feedback to gain a fuller picture of its impact in the community.


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

Is Alternatives Homes 2005 Inc legitimate?

Alternatives Homes 2005 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alternatives Homes 2005 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: $0

For more financial information, click here

What is the mission statement of Alternatives Homes 2005 Inc?

Alternatives Homes 2005 Inc is dedicated to serving individuals with physical and mental health needs. Their mission is to provide housing facilities and services tailored to meet these individuals' physical, social, and psychological needs. The goal is to promote their health, ensure their security, and enhance their happiness and ability to live fulfilling lives for a longer period. The organization strives to create an environment that caters to their overall well-being, promoting their overall welfare and usefulness in society. They operate two group homes in Bridgewater and Phillipsburg, New Jersey, where they carry out these services.

Who is the CEO of Alternatives Homes 2005 Inc?

Lynn Omslaer is the Chairperson of Alternatives Homes 2005 Inc.

What is the revenue of Alternatives Homes 2005 Inc?

Alternatives Homes 2005 Inc's revenue in 2022 was $68,033.

Who are the executives of Alternatives Homes 2005 Inc and what are their salaries?

There 5 volunteers at Alternatives Homes 2005 Inc.


Here are 6 key members and their salaries:


Lynn Omslaer (Chairperson)
  • Compensation: $0
  • Related: $119,417
  • Other: $3,986
Manju Rathnam (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morris Malstrom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Clark (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Romach (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Dolan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Alternatives Homes 2005 Inc?

Alternatives Homes 2005 Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Alternatives Homes 2005 Inc

Alternatives Homes 2005 Inc, a dedicated nonprofit organization, is committed to addressing the comprehensive needs of individuals seeking physical and mental health services. The mission of this organization is to provide these individuals with housing facilities and services that are tailored to meet their physical, social, and psychological needs. By doing so, Alternatives Homes 2005 Inc aims to promote their health, security, and happiness, and foster their usefulness in longer living. This mission is carried out through the operation of group homes located in Bridgewater and Phillipsburg, New Jersey, which offer a nurturing environment that supports the overall well-being of the residents. The organization's focus is on creating a safe, supportive space where individuals can focus on their recovery and personal growth, ultimately leading to a more fulfilling life.

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Impact




August, 2024

Alternatives Homes 2005 Inc's impact is significant in providing consumers of physical and mental health services with housing facilities and services that are specifically designed to meet their needs. By operating two group homes in Bridgewater and Phillipsburg, New Jersey, the organization plays a crucial role in promoting the health, security, happiness, and usefulness of individuals receiving mental health services. Alternatives Homes 2005 Inc's focus on addressing the physical, social, and psychological needs of its residents ultimately contributes to the well-being and quality of life of those it serves.




This information is meant to be a general summary of Alternatives Homes 2005 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
$68,033 (2022)
Expenses
$102,237 (2022)
Efficiency

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: $22,888
  • Gross Receipts: $68,033

Assets and Liabilities:

  • Total Assets: $834,657
  • Total Liabilities: $1,124,333
  • Net Assets: -$289,676

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE

Revenue

$22,888

Organization Details

Founding Year

2006

Principal Officer

Lynn Omslaer

Main Address

PO Box 64 600 First Avenue, Raritan, NJ, 08869

NTEE Category

Code: P73 - Human services

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