Overview
What is Anchor House Inc?
Anchor House Inc, situated in Plymouth, Massachusetts, is a nonprofit organization dedicated to providing a supportive, drug-free environment for men battling addiction to alcohol and intravenous drugs. Their primary mission is to promote long-term sobriety for these individuals who seek help. With a modest workforce of 14, they strive to create an atmosphere that encourages and aids in the recovery process for the men they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Anchor House Inc. has received a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates strong governance with a fully independent board and effective financial oversight, which is reflected in their high scores across several key metrics. Notably, they maintain a high program expense ratio of 84.77%, suggesting that a significant portion of their funds is directed towards their mission-related activities.
However, there are some limitations in their governance policies, as they are missing a whistleblower policy and document retention and destruction guidelines, which could impact their accountability framework. Despite these gaps, their financial health appears robust, with a low liabilities-to-assets ratio of 9.08%, reaffirming their stability and operational efficiency.
Overall, Anchor House Inc. shows a commitment to transparency and effective resource allocation, although addressing the noted governance deficiencies could further enhance their overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor House Inc legitimate?
Anchor House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor House 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: $122,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,350
For more financial information, click here
What is the mission statement of Anchor House Inc?
Anchor House Inc's mission is centered around promoting long-term sobriety for men who are seeking assistance in overcoming their addiction to alcohol and intravenous drugs. By establishing a supportive, alcohol and drug-free environment, the organization aims to aid these individuals in their recovery journey. The primary goal of Anchor House Inc is to provide a sanctuary where men can focus on rebuilding their lives, free from the influence of substances.
Who is the CEO of Anchor House Inc?
Robert Cadorette is the Executive Director of Anchor House Inc.
What is the revenue of Anchor House Inc?
Anchor House Inc's revenue in 2023 was $843,755.
Who are the executives of Anchor House Inc and what are their salaries?
The average compensation at Anchor House Inc during 2023 was $32,519. There are 14 employees at Anchor House Inc.
Here are 5 key members and their salaries:
- Compensation: $119,425
- Related: $0
- Other: $20,401
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Anchor House Inc?
Anchor House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Anchor House Inc
Anchor House Inc, a non-profit organization, is dedicated to promoting long-term sobriety for men grappling with addiction. Set on a mission to aid recovering male alcoholics and intravenous drug users, Anchor House provides a nurturing, alcohol and drug-free environment. By offering a supportive atmosphere, this institution seeks to help these individuals regain control of their lives and achieve lasting recovery.
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Impact
June, 2024
Anchor House Inc has a significant impact on promoting long-term sobriety for men struggling with addiction. By providing a supportive alcohol and drug-free environment for recovering male alcoholics and intravenous drug users, Anchor House Inc offers a crucial foundation for individuals seeking help in their journey towards sobriety. This nonprofit organization in Plymouth, MA plays a vital role in addressing mental health challenges and fostering a community where men can find the support, resources, and guidance needed to overcome addiction and build a healthier future.
This information is meant to be a general summary of Anchor House 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 2023.
- Investment Income: $40,411
- Program Service Revenue: $686,948
- Gross Receipts: $843,755
Assets and Liabilities:
- Total Assets: $580,468
- Total Liabilities: $52,741
- Net Assets: $527,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service fees
Revenue
$686,948
Organization Details
Founding Year
1971
Principal Officer
Robert Cadorette
Main Address
60 Cherry Street, Plymouth, MA, 023604466
NTEE Category
Code: F22Z - Mental health
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