Overview
What is Nexus Inc?
Nexus Inc is a nonprofit organization situated in Woburn, Massachusetts, with a mission to provide high-quality living facilities and residential alternatives for individuals with developmental challenges. Established with a goal to enhance the lives of these individuals, Nexus Inc employs 106 dedicated individuals. Their services promote opportunities for personal growth and aim to deliver the best possible quality of life, offering a supportive environment that caters to the unique needs of each resident.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star rating
Nexus Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization's high scores in key areas, such as 100% independent board members and a strong program expense ratio of 84.22%, indicate a commitment to effective management and transparency.
The organization demonstrates robust financial practices with a complete audit of financial statements and a lack of material diversion of assets. This foundation supports stakeholder confidence in Nexus Inc's operations. However, the liabilities to assets ratio of 59.55% suggests that the organization may have significant obligations that could impact its financial flexibility.
Overall, while Nexus Inc showcases many strengths in governance and resource allocation, it is important for potential donors and stakeholders to consider its financial liabilities when evaluating the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nexus Inc legitimate?
Nexus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nexus 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: $3,624,463
For more financial information, click here
What is the mission statement of Nexus Inc?
Nexus Inc, as a nonprofit organization, is dedicated to providing residential alternatives for individuals with developmental challenges. Their mission is to enhance the quality of life for these individuals, offering opportunities for personal growth. The organization strives to create living environments that promote the highest possible standard of living. Through their community-based mental health services and living facilities, Nexus Inc aims to empower its residents to lead fulfilling lives.
Who is the CEO of Nexus Inc?
Greg Mcgowan is the President of Nexus Inc.
What is the revenue of Nexus Inc?
Nexus Inc's revenue in 2023 was $5,754,425.
Who are the executives of Nexus Inc and what are their salaries?
The average compensation at Nexus Inc during 2023 was $34,193. There are 106 employees and 8 volunteers at Nexus Inc.
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- Compensation: $131,100
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- Compensation: $98,083
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Where can I find the form 990 for Nexus Inc?
Nexus Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nexus Inc
Nexus Inc, a renowned nonprofit organization, is dedicated to offering residential alternatives for individuals with developmental challenges. Their mission is centered around promoting the highest possible quality of life for these individuals and providing them with opportunities for personal growth. By offering community-based mental health services and living facilities, Nexus Inc strives to create an environment that supports and nurtures the developmentally challenged individuals in their care. The organization's primary goal is to empower these individuals, enabling them to live fulfilling lives and reach their full potential. Nexus Inc's residential alternatives are designed to foster a sense of community, providing a supportive environment where individuals can thrive and grow.
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Impact
October, 2024
Nexus Inc has a significant impact on the community by providing essential residential alternatives for individuals with developmental challenges. Located in Woburn, MA, the organization focuses on delivering community-based mental health services and living facilities tailored to meet the unique needs of these individuals. By promoting a high quality of life and creating opportunities for residents, Nexus Inc fosters an environment where individuals can thrive, develop independence, and engage meaningfully with their community. The organization's commitment to enhancing the lives of those it serves plays a crucial role in promoting inclusion, dignity, and well-being for developmentally challenged individuals.
This information is meant to be a general summary of Nexus 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: $62,152
- Program Service Revenue: $564,557
- Gross Receipts: $5,754,425
Assets and Liabilities:
- Total Assets: $3,863,473
- Total Liabilities: $2,300,710
- Net Assets: $1,562,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL CHARGES
Revenue
$363,832
HOUSING ASSISTANCE REV
Revenue
$111,051
FOOD STAMP REVENUE
Revenue
$85,195
OTHER INCOME
Revenue
$4,479
Organization Details
Founding Year
1972
Phone
(781) 935-0611Principal Officer
Greg Mcgowan
Main Address
888 MAIN STREET, WOBURN, MA, 01801
NTEE Category
Code: Z99Z - Unknown
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