Overview
What is Serenity Pointe Inc?
Serenity Pointe Inc is a nonprofit organization situated in Dunlap, Tennessee. Their primary mission is to offer aid and support for recovery in rural Tennessee, adhering to a "hand up, not hand out" approach. They accomplish this through a thrift store, where they sell donated merchandise, generating income and funding for additional outreach initiatives. Moreover, real estate investments contribute to their revenue and enable them to construct a building for other nonprofit activities. The organization has a team of 45 dedicated individuals working towards their mission.
Official website here: www.serenitypointe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Serenity Pointe Inc holds a two-star rating from Charity Navigator, indicating there are areas for growth within the organization despite its strong accountability and finance score of 100%. The evaluation shows that while they maintain a high program expense ratio of 89.30%, suggesting a focus on their mission-driven efforts, there are significant gaps in financial transparency. Notably, financial statements are absent, and essential policies such as a conflict of interest and whistleblower policy are missing.
User feedback from Great Nonprofits reflects positively on the organization, particularly from the founder, who emphasizes their commitment to the community. Serenity Pointe has evolved from a home for the homeless to a broader initiative supporting those in need through their thrift store, with all profits used to further their mission. This grassroots involvement demonstrates the organization's dedication to creating a positive impact locally.
However, the lack of financial documentation and governance policies may raise concerns for potential donors and supporters regarding transparency and accountability. While the organization shows promise in its mission and community engagement, addressing these limitations could enhance its overall effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Serenity Pointe Inc legitimate?
Serenity Pointe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serenity Pointe 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: $4,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,136
For more financial information, click here
Official website here: www.serenitypointe.org
What is the mission statement of Serenity Pointe Inc?
Serenity Pointe Inc's mission is centered around providing aid and facilitating recovery in rural Tennessee, adopting a philosophy of offering a hand up rather than a handout. Through their outreach initiatives, they aim to offer viable recovery options to individuals in need. The organization supports this mission through various means, such as operating a thrift store, which sources merchandise from generous community donations. Additionally, Serenity Pointe Inc generates income and funds the construction of an outreach building for other nonprofit activities through real estate investment transactions.
Official website here: www.serenitypointe.org
Who is the CEO of Serenity Pointe Inc?
Debbie V Morrison is the Member of Serenity Pointe Inc.
Official website here: www.serenitypointe.org
What is the revenue of Serenity Pointe Inc?
Serenity Pointe Inc's revenue in 2022 was $2,360,033.
Official website here: www.serenitypointe.org
Who are the executives of Serenity Pointe Inc and what are their salaries?
The average compensation at Serenity Pointe Inc during 2022 was $2,647. There are 45 employees and 10 volunteers at Serenity Pointe Inc.
Here are 8 key members and their salaries:
- Compensation: $11,207
- Related: $0
- Other: $0
- Compensation: $1,446
- 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.serenitypointe.org
Where can I find the form 990 for Serenity Pointe Inc?
Serenity Pointe Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.serenitypointe.org
Learn more at the official website: www.serenitypointe.org
Mission Statement of Serenity Pointe Inc
Serenity Pointe Inc, a nonprofit organization, is committed to providing outreach and life recovery options in rural Tennessee. Their approach is unique and compassionate, often referred to as a "hand up, not a handout." This philosophy signifies their dedication to helping individuals regain their independence and self-sufficiency, rather than relying on continuous aid.
To achieve this mission, Serenity Pointe Inc operates a thrift store. This store is a vital component of their operations, with merchandise supplied generously by the local community. This not only contributes to the organization's income but also serves as a means to recycle and reuse items, thereby reducing waste. Furthermore, Serenity Pointe Inc invests in real estate transactions. These transactions not only provide additional income for the organization but also pave the way for building an outreach building that can accommodate other nonprofit activities.
In summary, Serenity Pointe Inc stands as a beacon of hope in rural Tennessee, offering a holistic approach to recovery. Their mission is characterized by their "hand up, not handout" philosophy, which emphasizes self-sufficiency and independence. Through their thrift store and real estate investments, they provide both financial support and opportunities for growth, aiming to empower individuals and foster a sense of community.
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Impact
October, 2024
Serenity Pointe Inc plays a vital role in rural Tennessee by providing outreach and life recovery options that empower the community. Operating a thrift store, the organization utilizes merchandise donated by generous community members, creating a sustainable model that not only supports local initiatives but also fosters a spirit of giving and collaboration among residents.
In addition to the thrift store, Serenity Pointe is engaged in real estate investment transactions that generate income, which is reinvested to develop a dedicated outreach building for various support activities. This approach ensures that the assistance provided is focused on empowerment and self-sufficiency, rather than dependency, aligning with their mission of a "hand up, not a hand out."
By addressing the needs of individuals in Dunlap, TN, Serenity Pointe Inc contributes to the overall well-being of the community, helping to lift families out of poverty and providing necessary resources for a better quality of life. Their holistic approach to outreach reflects an understanding of the challenges faced by rural populations, making a meaningful impact in the lives of many.
This information is meant to be a general summary of Serenity Pointe 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: $20,145
- Program Service Revenue: $2,281,899
- Gross Receipts: $2,360,033
Assets and Liabilities:
- Total Assets: $3,402,423
- Total Liabilities: $851,682
- Net Assets: $2,550,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING SERVICES
Revenue
$3,775
REAL ESTATE
Revenue
$1,470,053
THRIFT STORE OPERATIONS
Revenue
$808,071
Organization Details
Phone
(423) 949-7197Principal Officer
Debbie V Morrison
Main Address
PO BOX 1929, DUNLAP, TN, 37327
Website
www.serenitypointe.orgNTEE Category
Code: L40 - Housing
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