Overview
What is Homestudies & Adoption Placement Services Inc (Bankrupt)?
Homestudies & Adoption Placement Services Inc is a nonprofit organization dedicated to facilitating homestudies and adoption placements. Their primary mission is centered around providing essential services in this area, as stated in their description "HOMESTUDUES AND ADOPTION PLACEMENTS." Though the specifics of their activities and reach are not explicitly provided, it can be inferred that they aim to assist families and children in the adoption process, providing necessary assessments and placements.
Official website here: www.haps.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star Rating.
Homestudies & Adoption Placement Services Inc has received a low score due to significant deficiencies in its accountability and financial practices. Although the organization maintains a fully independent board with no material diversion of assets, it falls short in several critical areas. Missing policies such as conflict of interest, whistleblower protocols, and document retention raise concerns about transparency and governance.
The financial health of the organization appears to be troubling, as indicated by a liabilities to assets ratio of 136.88%, signaling that the organization has more liabilities than assets. Additionally, the program expense ratio is notably low at 9.17%, suggesting that very little of its budget is being allocated toward its core mission.
Overall, the combination of missing essential policies and weak financial ratios contributes to the charity's low rating and raises red flags for potential donors regarding the effective use of funds and overall organizational management.
This AI summary has been generated from information found on Charity Navigator.
Is Homestudies & Adoption Placement Services Inc (Bankrupt) legitimate?
Homestudies & Adoption Placement Services Inc (Bankrupt) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestudies & Adoption Placement Services Inc (Bankrupt) 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
Official website here: www.haps.org
What is the mission statement of Homestudies & Adoption Placement Services Inc (Bankrupt)?
Homestudies & Adoption Placement Services Inc, despite being bankrupt, had a mission focused on homestudies and adoption placements. Their mission, expressed in various ways in the provided information, was to facilitate the process of homestudies and adoption placements, ensuring families and children were involved in this crucial journey. The organization's activities were primarily dedicated to enabling homestudies and facilitating the placement of adoptees into suitable homes. Although the organization is no longer in operation, its mission remains significant in the realm of adoption services, emphasizing the importance of providing a supportive environment for families undergoing the adoption process.
Official website here: www.haps.org
Who is the CEO of Homestudies & Adoption Placement Services Inc (Bankrupt)?
Donald V Biase is the President of Homestudies & Adoption Placement Services Inc (Bankrupt).
Official website here: www.haps.org
What is the revenue of Homestudies & Adoption Placement Services Inc (Bankrupt)?
Homestudies & Adoption Placement Services Inc (Bankrupt)'s revenue in 2021 was $10,702.
Official website here: www.haps.org
Who are the executives of Homestudies & Adoption Placement Services Inc (Bankrupt) and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.haps.org
Where can I find the form 990 for Homestudies & Adoption Placement Services Inc (Bankrupt)?
Homestudies & Adoption Placement Services Inc (Bankrupt)'s most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.haps.org
Learn more at the official website: www.haps.org
Mission Statement of Homestudies & Adoption Placement Services Inc (Bankrupt)
Homestudies & Adoption Placement Services Inc, a now-bankrupt organization, had a mission centered around homestudies and adoption placements. This nonprofit was dedicated to facilitating the process of adopting children, as well as conducting thorough homestudies to ensure the best interests of the children were being met. The organization's core focus was on providing homestudies and placement services, ensuring that prospective parents went through a comprehensive evaluation process before being matched with a child. Their mission was to play a crucial role in the adoption process, aiming to provide a secure and loving home for children in need.
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Impact
August, 2024
Homestudies & Adoption Placement Services Inc (Bankrupt) had a significant impact on the adoption sector, particularly in providing homestudies and placement services. The organization facilitated the process of adoption for many individuals and families, helping to match children in need of loving homes with suitable adoptive parents. Its bankruptcy likely disrupted services and left a gap in the availability of these critical services in the community. The closure of such an organization may have affected prospective adoptive parents, waiting children, and the overall adoption landscape in the area served.
This information is meant to be a general summary of Homestudies & Adoption Placement Services Inc (Bankrupt). 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 2021.
- Gross Receipts: $10,702
Assets and Liabilities:
- Total Assets: $127,055
- Total Liabilities: $173,922
- Net Assets: -$46,867
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Organization Details
Founding Year
1982
Phone
(973) 530-9128Principal Officer
Donald V Biase
Main Address
CO D BIASE TTE PO BOX 646, ESSEX FELLS, NJ, 07021
Website
www.haps.orgNTEE Category
Code: P31Z - Human services
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