Overview
What is Honeyman Inc?
Honeyman Inc is a nonprofit organization situated in Springfield, Massachusetts. Their primary focus is to offer housing services to individuals with disabilities, as evident by their residence in Chicopee, Massachusetts, which accommodates six such individuals. Their mission is deeply rooted in providing a supportive living environment for people with disabilities. By offering housing solutions, Honeyman Inc aims to contribute positively to the lives of those in need, thereby promoting inclusivity and equal opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Honeyman Inc has received a three-star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is predominantly based on the Accountability & Finance aspect, where it achieved a score of 79%. This rating reflects a commitment to maintaining a high level of transparency and effective financial practices.
The organization stands out with a fully independent board, comprising 75% independent members, and it scored perfectly on several key indicators, including having a conflict of interest policy and a whistleblower policy. Additionally, the charity demonstrates a strong program expense ratio of 80.31%, suggesting that a significant portion of its funding is directed toward its programs rather than administrative costs.
However, Honeyman Inc has a notable weakness in its liabilities to assets ratio, scoring 0 out of 15 points. This may indicate potential financial risks that could impact the organization's overall stability. Despite this limitation, the charity's strong governance practices and high program expense ratio reflect positively on its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Honeyman Inc legitimate?
Honeyman Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honeyman 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: $5,369
For more financial information, click here
What is the mission statement of Honeyman Inc?
Honeyman Inc's mission is centered around providing housing services for individuals with disabilities. Their primary objective is to offer a living space that caters to the needs of disabled individuals, aiming to enhance their quality of life. Although the information provided does not detail specific programs or initiatives, it is clear that Honeyman Inc is committed to supporting this particular community. The organization's location is not specified in the provided data.
Who is the CEO of Honeyman Inc?
James Goodwin is the President of Honeyman Inc.
What is the revenue of Honeyman Inc?
Honeyman Inc's revenue in 2022 was $46,134.
Who are the executives of Honeyman Inc and what are their salaries?
There 3 volunteers at Honeyman Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $385,753
- Other: $34,181
- 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 Honeyman Inc?
Honeyman Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Honeyman Inc
Honeyman Inc, a nonprofit organization, is committed to providing housing solutions for individuals with disabilities. With a heartfelt mission, Honeyman dedicates its efforts to catering to the housing needs of individuals who are disabled. Situated in an undisclosed location, Honeyman's primary focus is on delivering housing services to people with disabilities, ensuring they have a secure and supportive living environment. The organization operates a residence in Chicopee, Massachusetts, where it currently provides housing to six individuals, each benefiting from its compassionate and accommodating approach.
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Impact
August, 2024
Honeyman Inc's impact is profound in providing housing services to individuals with disabilities in Springfield, MA. By operating a residence in Chicopee, Massachusetts, Honeyman offers a supportive and inclusive living environment for six individuals with disabilities. This initiative directly addresses the critical need for accessible and safe housing options for this vulnerable population, enabling them to live independently and enhance their quality of life. Honeyman's commitment to its mission plays a vital role in promoting inclusivity and empowerment among individuals with disabilities in the community.
This information is meant to be a general summary of Honeyman 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.
- Investment Income: $15
- Program Service Revenue: $46,119
- Gross Receipts: $46,134
Assets and Liabilities:
- Total Assets: $610,620
- Total Liabilities: $450,405
- Net Assets: $160,215
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT INCOME
Revenue
$46,119
Organization Details
Founding Year
2007
Phone
(413) 439-2247Principal Officer
James Goodwin
Main Address
332 BIRNIE AVENUE, SPRINGFIELD, MA, 01107
NTEE Category
Code: L21 - Housing
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