Overview
What is Goodwill Rescue Mission Inc?
Goodwill Rescue Mission Inc, established in the 1880s, is a long-standing faith-based nonprofit located in Newark, New Jersey. Historically, they have dedicated their mission to providing essential support, including food, shelter, and guidance, to the city's most vulnerable individuals. As of March 2020, in an effort to secure a more financially stable future, they temporarily suspended their direct services. The organization continues to explore potential new opportunities for redeveloping its campus located at 79 University Avenue. Currently, Goodwill Rescue Mission operates under the control of The Bowery Mission, another well-known rescue mission based in New York City. With a small workforce, the nonprofit continues to make a difference in the Newark community.
Official website here: www.grmnewark.org
What are the reviews and ratings of this charity?
Charity Navigator gives Goodwill Rescue Mission Inc a rating of 92%, which qualifies it for a Four-Star out of Four Star rating. This high score reflects strong performance in both Accountability & Finance and Impact & Measurement categories, with significant weight placed on the latter. The organization excels in demonstrating its impact, achieving a perfect score of 100 in this area, indicating effective measurement and evaluation of its programs.
Financially, Goodwill Rescue Mission Inc shows a solid Program Expense Ratio of 68.28%, suggesting that a significant portion of its budget is dedicated to its mission-driven activities. The organization also maintains a strong financial position with a low liabilities to assets ratio of 8.52% and demonstrates transparency and governance with the presence of conflict of interest and whistleblower policies, as well as a robust audit and oversight committee.
While the charity’s accountability score is respectable at 83, there might be room for improvement in this area to enhance overall effectiveness. However, the absence of material diversion of assets highlights its integrity and commitment to its mission. Overall, Goodwill Rescue Mission Inc appears to be a well-managed organization making a positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Goodwill Rescue Mission Inc legitimate?
Goodwill Rescue Mission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodwill Rescue Mission 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: $48,631
For more financial information, click here
Official website here: www.grmnewark.org
What is the mission statement of Goodwill Rescue Mission Inc?
Goodwill Rescue Mission Inc., as a historic faith-based organization, has been dedicated to providing aid to the less fortunate, specifically offering food, shelter, and guidance to individuals in need. Originating in the 1880s, the mission has now evolved into a controlled affiliate of The Bowery Mission in New York City. However, due to financial considerations, the organization temporarily suspended its direct services in March 2020. Currently, Goodwill Rescue Mission is exploring opportunities for redeveloping its campus at 79 University Avenue, with the aim of implementing a more sustainable long-term strategy.
Official website here: www.grmnewark.org
Who is the CEO of Goodwill Rescue Mission Inc?
James Winans is the Chief Financial Officer of Goodwill Rescue Mission Inc. The CEO's salary of Goodwill Rescue Mission Inc is $0 and their total compensation is $261,762.
Official website here: www.grmnewark.org
What is the revenue of Goodwill Rescue Mission Inc?
Goodwill Rescue Mission Inc's revenue in 2022 was $722,660.
Official website here: www.grmnewark.org
Who are the executives of Goodwill Rescue Mission Inc and what are their salaries?
The average compensation at Goodwill Rescue Mission Inc during 2022 was $24,316. There are 2 employees and 2 volunteers at Goodwill Rescue Mission Inc.
Here are 7 key members and their salaries (Goodwill Rescue Mission Inc's CEO's salary is $0 and their total compensation is $261,762):
- Compensation: $0
- Related: $207,086
- Other: $22,493
- Compensation: $0
- Related: $249,874
- Other: $11,888
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $152,615
- Other: $17,941
- Compensation: $0
- Related: $152,823
- Other: $17,547
- Compensation: $0
- Related: $174,469
- Other: $19,517
Official website here: www.grmnewark.org
Where can I find the form 990 for Goodwill Rescue Mission Inc?
Goodwill Rescue Mission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grmnewark.org
Learn more at the official website: www.grmnewark.org
Mission Statement of Goodwill Rescue Mission Inc
Goodwill Rescue Mission, a faith-based organization with a rich history, has been dedicated to assisting some of the most vulnerable individuals in the community since the 1880s. Situated in an unspecified location, this mission's primary objective is to provide essential resources, such as food, shelter, and guidance, to those in need. Initially operating independently, Goodwill Rescue Mission later became a controlled affiliate of The Bowery Mission in New York City.
However, in an effort to adopt a more financially sustainable long-term strategy, Goodwill Rescue Mission temporarily suspended its direct services in March 2020. At present, the organization continues to maintain this suspension as it explores new opportunities for redeveloping its campus located at 79 University Avenue. Despite the suspension of its direct services, Goodwill Rescue Mission remains committed to its mission of providing support and guidance to those in need.
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Impact
October, 2024
Goodwill Rescue Mission Inc has made a significant impact in Newark, New Jersey, by providing essential services such as food, shelter, and guidance to the area's most vulnerable men and women. With a history dating back to the 1880s, this faith-based organization has served as a critical support system for those facing homelessness and hardship.
Although direct services were suspended in March 2020, the organization is currently exploring new opportunities for redeveloping its campus at 79 University Avenue. This effort indicates a commitment to evolving its approach and enhancing its long-term sustainability. The mission remains focused on addressing the pressing needs of the community, ensuring that even during challenging times, the aspirations for positive change and support continue. As a controlled affiliate of The Bowery Mission in New York City, Goodwill Rescue Mission Inc remains dedicated to transforming lives and providing hope for a brighter future.
This information is meant to be a general summary of Goodwill Rescue Mission 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: $1,517
- Gross Receipts: $822,266
Assets and Liabilities:
- Total Assets: $2,831,594
- Total Liabilities: $241,784
- Net Assets: $2,589,810
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Organization Details
Founding Year
1897
Phone
(212) 226-6214Principal Officer
James Winans
Main Address
90 Lafayette Street 6th Floor, New York, NY, 10013
Website
www.grmnewark.orgNTEE Category
Code: P600 - Human services
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