Overview
What is Prospectus Associates Inc?
Prospectus Associates Inc, based in Reading, Pennsylvania, is a dedicated nonprofit organization focusing on enriching the lives of individuals with disabilities and their families. They offer innovative community participation, living arrangements, employment opportunities, and family support services. In their residential programs, 71 participants reside in community homes throughout Berks County, where they live with two roommates and professional supervisory staff to assist them in daily living activities. An additional 16 participants live with Berks County residents in their homes as part of the Lifesharing program. With a workforce of 334 employees, Prospectus Associates Inc aims to provide a comprehensive support network that fosters independence and improves overall quality of life for those they serve.
Official website here: www.proberco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Prospectus Associates Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The organization is fully compliant with best practices, evidenced by its perfect scores across various metrics, including having 100% independent board members and the presence of a robust Audit and Oversight Committee.
Strengths of Prospectus Associates include a high program expense ratio of 83.26%, indicating that the majority of its funds are directed toward its programs rather than administrative costs. Furthermore, the organization has established comprehensive policies for conflict of interest, whistleblower protection, and document retention, which contribute to its transparency and ethical governance.
While there are no noted limitations in the data provided, the organization's strong financial health and operational practices suggest a commitment to maintaining high standards. Overall, Prospectus Associates Inc stands out as a well-managed nonprofit that prioritizes accountability and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Prospectus Associates Inc legitimate?
Prospectus Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospectus Associates 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: $500,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,237,483
For more financial information, click here
Official website here: www.proberco.org
What is the mission statement of Prospectus Associates Inc?
Prospectus Associates Inc enriches the lives of people with disabilities and their families by offering innovative community participation, community living, employment opportunities, and family support services. In their residential programs, over seventy participants reside in community homes and receive assistance from professional supervisory staff for activities of daily living. Additionally, sixteen participants live with Berks County residents through their Lifesharing program. These services enable individuals with disabilities to engage in community activities, attend doctor appointments, and participate in work opportunities, ultimately improving their overall quality of life.
Official website here: www.proberco.org
Who is the CEO of Prospectus Associates Inc?
Jody Wagner is the CEO of Prospectus Associates Inc The CEO's salary of Prospectus Associates Inc is $147,969 and their total compensation is $174,071.
Official website here: www.proberco.org
What is the revenue of Prospectus Associates Inc?
Prospectus Associates Inc's revenue in 2024 was $20,161,963.
Official website here: www.proberco.org
Who are the executives of Prospectus Associates Inc and what are their salaries?
The average compensation at Prospectus Associates Inc during 2024 was $35,677. There are 329 employees and 30 volunteers at Prospectus Associates Inc.
Here are 23 key members and their salaries (Prospectus Associates Inc's CEO's salary is $147,969 and their total compensation is $174,071):
- 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
- 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
- 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: $147,969
- Related: $0
- Other: $26,102
- Compensation: $129,025
- Related: $0
- Other: $36,866
- Compensation: $123,034
- Related: $0
- Other: $37,207
- Compensation: $104,199
- Related: $0
- Other: $20,900
- Compensation: $114,220
- Related: $0
- Other: $19,279
Official website here: www.proberco.org
Where can I find the form 990 for Prospectus Associates Inc?
Prospectus Associates Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.proberco.org
Learn more at the official website: www.proberco.org
Mission Statement of Prospectus Associates Inc
Prospectus Associates Inc, a renowned nonprofit organization, is dedicated to enriching the lives of people with disabilities and their families. Through innovative community participation, community living, employment opportunities, and family support services, Prospectus Associates aims to make a significant difference.
The heart of Prospectus Associates' mission lies in its commitment to providing an enriching environment for individuals with disabilities. Residential services offered by the organization accommodate 71 program participants living in 23 community homes spread throughout different areas. In these homes, participants share living spaces with two roommates, ensuring a sense of community and companionship. Professional supervisory staff is always present to provide assistance with activities of daily living, from attending community activities to doctor appointments or work. An additional 16 participants live with Berks County residents in their homes through the Lifesharing program, fostering deeper community integration.
Prospectus Associates goes beyond just providing a place to live for people with disabilities. The organization understands the importance of community engagement and offers opportunities for participants to actively participate in various community activities. By encouraging social interaction and inclusion, Prospectus Associates plays a vital role in enhancing the overall well-being of its participants. Additionally, the organization's employment opportunities allow individuals to develop skills, gain independence, and contribute to their communities. The family support services provided by Prospectus Associates ensure that the entire family unit remains strong and supportive. By taking a holistic approach to serving people with disabilities and their families, Prospectus Associates is truly making a difference in the lives of those it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Prospectus Associates Inc significantly enriches the lives of people with disabilities and their families by fostering innovative community participation, community living, and employment opportunities. Operating primarily in Berks County, PA, the organization supports 71 program participants across 23 community homes, allowing individuals with disabilities to live in supportive and engaging environments.
In a typical community home, participants benefit from living with two roommates and receive dedicated assistance from professional supervisory staff. This support helps them manage daily activities, participate in community events, attend appointments, and engage in work-related tasks. Additionally, the Lifesharing program integrates 16 participants into the homes of Berks County residents, promoting intimate community connections while offering a unique living experience.
The impact of Prospectus Associates extends beyond just housing; it empowers individuals by enhancing their independence and quality of life. By providing comprehensive family support services and employment opportunities, the organization facilitates a holistic approach to community integration and personal growth for individuals with disabilities. This focus on community enrichment creates a more inclusive environment, benefiting not just the participants but the entire community in Reading, PA.
This information is meant to be a general summary of Prospectus Associates 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 2024.
- Investment Income: $320,465
- Program Service Revenue: $18,323,671
- Gross Receipts: $20,199,029
Assets and Liabilities:
- Total Assets: $18,973,994
- Total Liabilities: $4,108,178
- Net Assets: $14,865,816
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PA DEPARTMENT OF HUMAN SERVICES
Revenue
$17,215,583
ROOM AND BOARD
Revenue
$607,080
SERVICE ACCESS & MANAGE
Revenue
$337,128
WORKSHOP CONTRACTS
Revenue
$72,823
VOCATIONAL REHAB
Revenue
$46,835
Organization Details
Founding Year
1977
Principal Officer
Nikki Roman-Cruz
Website
www.proberco.orgNTEE Category
Code: P80Z - Human services
If you are a representative of Prospectus Associates Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.