Overview
What is Ormond Associates Inc?
Ormond Associates Inc, located in Mount Holly, New Jersey, is a nonprofit organization focused on providing supportive housing for individuals struggling with serious and persistent mental health issues and/or chronic substance abuse disorders. Their mission is centered around offering a safe and nurturing environment to help these individuals overcome their challenges and rebuild their lives. The organization operates with a clear mission and activity, dedicating its resources to this specific cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Ormond Associates Inc has achieved an impressive 92% score, reflecting its commitment to accountability and financial health. With a perfect score of 100% in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and comprehensive policies on conflict of interest and document retention.
The nonprofit excels particularly in its program expense ratio, achieving a full 100%, indicating that all of its expenses are directed towards its charitable programs. Additionally, the organization has no reported issues regarding material diversion of assets, further enhancing its credibility. However, its liabilities to assets ratio of 52.18% suggests that it may need to monitor its debt levels to ensure long-term sustainability.
Overall, Ormond Associates Inc showcases a robust organizational structure and a strong commitment to its mission, making it a trustworthy choice for potential donors. The high ratings and comprehensive policies in place contribute to its positive reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ormond Associates Inc legitimate?
Ormond Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ormond 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ormond Associates Inc?
Ormond Associates Inc's mission is centered around providing supportive housing for individuals who are homeless and struggle with serious mental illnesses and/or chronic substance abuse disorders. The organization's primary goal is to offer a safe and stable living environment to help these individuals regain their footing and improve their quality of life. By offering supportive housing, Ormond Associates Inc aims to provide the necessary resources and care to help individuals manage their mental health issues and substance abuse disorders, ultimately fostering their independence and reintegration into society. The organization's approach is to provide a holistic and compassionate approach to housing, recognizing the unique challenges faced by individuals with these conditions and tailoring its services to meet their specific needs.
Who is the CEO of Ormond Associates Inc?
Qindi Shi is the President of Ormond Associates Inc.
What is the revenue of Ormond Associates Inc?
Ormond Associates Inc's revenue in 2022 was $66,511.
Who are the executives of Ormond Associates Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $477,274
- Other: $52,758
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $262,758
- Other: $52,282
- 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 Ormond Associates Inc?
Ormond Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ormond Associates Inc
Ormond Associates Inc is dedicated to providing supportive housing for individuals who are homeless and struggle with serious and persistent mental illnesses, as well as individuals dealing with chronic substance abuse disorders. The organization's mission is to offer a safe and nurturing environment that addresses the unique challenges these individuals face. By providing supportive housing, Ormond Associates Inc aims to help these individuals stabilize their lives, improve their mental health, and achieve independence. The organization's goal is to empower each individual to overcome their challenges and lead fulfilling lives.
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Impact
October, 2024
Ormond Associates Inc has a significant impact on the community by providing supportive housing for homeless individuals struggling with serious and persistent mental health issues and chronic substance abuse disorders. By addressing these critical needs, the organization helps to stabilize the lives of many who are often marginalized and facing numerous challenges. This initiative not only offers a safe and secure living environment, but it also fosters recovery, resilience, and integration into the community.
Through its efforts in Mount Holly, NJ, Ormond Associates Inc plays a vital role in reducing homelessness and improving the overall well-being of its residents. The supportive housing model encourages independence and personal growth, allowing individuals to access essential services and resources to enhance their quality of life. This approach has a ripple effect, contributing to healthier communities and reducing the social costs associated with homelessness and untreated mental health conditions.
This information is meant to be a general summary of Ormond 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 2022.
- Investment Income: $51,127
- Program Service Revenue: $15,384
- Gross Receipts: $66,511
Assets and Liabilities:
- Total Assets: $765,507
- Total Liabilities: $430,905
- Net Assets: $334,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,384
Organization Details
Founding Year
2008
Phone
(856) 482-8747Principal Officer
Qindi Shi
Main Address
770 WOODLANE ROAD 63, MOUNT HOLLY, NJ, 08060
NTEE Category
Code: L11 - Housing
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