Overview
What is Psi Services Iii Inc?
Psi Services Iii Inc is a Hyattsville, Maryland-based nonprofit organization specializing in providing clinical case management services. With a team of 115 employees, they focus on family preservation, intervention, and stabilization, as well as family reunification, independent living, teen mother programs, and vocational preparation. Their mission involves working in partnership with state agencies under federal award programs from the United States Department of Health and Human Services (HHS), with the agencies matching funds to administer the programs effectively. Their services encompass foster care, adoption, and clinical cash management.
Official website here: www.psifamilyservices.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 66% (Two-Star out of Four Star rating)
Psi Services III Inc has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance score. The organization demonstrates strong governance, with a majority of independent board members and various policies in place, including conflict of interest and whistleblower policies, which reflect a commitment to transparency and integrity.
The organization excels in its program expense ratio, allocating a significant portion of its resources to programs. However, it faces challenges with its liabilities to assets ratio, which may raise concerns about financial stability. The high percentage of liabilities indicates that a substantial portion of its assets may be encumbered, suggesting potential risks in the organization's financial management.
Overall, while Psi Services III Inc showcases commendable governance practices and a strong focus on program expenses, its financial ratios warrant attention. Prospective donors and stakeholders might consider these factors when evaluating the organization's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Psi Services Iii Inc legitimate?
Psi Services Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Psi Services Iii 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: $819,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,811,598
For more financial information, click here
Official website here: www.psifamilyservices.com
What is the mission statement of Psi Services Iii Inc?
Psi Services III Inc is dedicated to delivering clinical case management, foster care, and adoption services for various state agencies under the auspices of federal award programs managed by the United States Department of Health and Human Services (HHS). These state agencies partner with Psi Services III Inc to administer these programs by matching a percentage of the funds provided by HHS. The mission of Psi Services III Inc revolves around offering essential services that support the wellbeing and care of vulnerable populations.
Official website here: www.psifamilyservices.com
Who is the CEO of Psi Services Iii Inc?
Dr Sheila Pandit is the Chief Clinical Ofc of Psi Services Iii Inc. The CEO's salary of Psi Services Iii Inc is $154,241 and their total compensation is $154,241.
Official website here: www.psifamilyservices.com
What is the revenue of Psi Services Iii Inc?
Psi Services Iii Inc's revenue in 2022 was $12,032,950.
Official website here: www.psifamilyservices.com
Who are the executives of Psi Services Iii Inc and what are their salaries?
The average compensation at Psi Services Iii Inc during 2022 was $48,969. There are 115 employees at Psi Services Iii Inc.
Here are 10 key members and their salaries (Psi Services Iii Inc's CEO's salary is $154,241 and their total compensation is $154,241):
- Compensation: $197,666
- Related: $0
- Other: $0
- Compensation: $154,241
- Related: $0
- Other: $0
- Compensation: $130,231
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.psifamilyservices.com
Where can I find the form 990 for Psi Services Iii Inc?
Psi Services Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.psifamilyservices.com
Learn more at the official website: www.psifamilyservices.com
Mission Statement of Psi Services Iii Inc
Psi Services III Inc, a renowned organization, is dedicated to delivering clinical case management, foster care, and adoption services under contracts with state agencies. These agencies, in turn, administer these programs utilizing funds from the United States Department of Health and Human Services (HHS) and matching funds from the state agencies.
In essence, Psi Services III Inc plays a crucial role in supporting state agencies in managing federal award programs related to health and human services. By providing clinical case management, foster care, and adoption services, they contribute significantly to the welfare of vulnerable populations.
The organization's mission is multifaceted. They begin by offering clinical case management services, which are essential for individuals receiving care and support. This service ensures that beneficiaries receive appropriate care, maintain their progress, and are connected with necessary resources. Furthermore, Psi Services III Inc extends its reach to foster care and adoption services, providing children in need with safe and nurturing environments. This commitment to the well-being of children, combined with their partnership with state agencies, enables HHS to effectively administer federal award programs.
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Impact
October, 2024
Psi Services III Inc significantly impacts the community by delivering essential clinical case management and foster care services. It specializes in family preservation, intervention, and stabilization, ensuring families can remain intact or find supportive pathways during challenging times. The agency's work in family reunification and visitation promotes healthy relationships, which are vital for the emotional well-being of children and parents alike.
Moreover, Psi Services III Inc addresses the needs of independent living for youth, particularly through programs designed for teen mothers, providing them with the tools necessary for vocational preparation and job development. These initiatives lay the groundwork for greater self-sufficiency, reducing dependency on social services in the long run.
By partnering with state agencies and operating under various federal programs, Psi Services III Inc plays a crucial role in facilitating funding and support for these vital services, ensuring that families and children in Hyattsville, MD, receive the help they need to thrive. Their commitment to human services fosters a stronger community, improving outcomes for vulnerable populations.
This information is meant to be a general summary of Psi Services Iii 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: $10,544,705
- Gross Receipts: $12,032,950
Assets and Liabilities:
- Total Assets: $7,747,953
- Total Liabilities: $6,984,474
- Net Assets: $763,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Foster Care
Revenue
$2,987,885
Mental Health & Dev.
Revenue
$7,257,493
Other Social Service
Revenue
$299,327
Organization Details
Founding Year
1996
Phone
(301) 552-7120Principal Officer
Dr Sheila Pandit
Main Address
8301 Professional Place East No 205, Hyattsville, MD, 20785
Website
www.psifamilyservices.comNTEE Category
Code: P400 - Human services
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