Overview
What is Patch Inc?
Patch Inc, located in Memphis, Tennessee, is a nonprofit organization committed to transitional housing. Specifically, they provide shelter and support to convicted felons and individuals on drug court probation. This organization, with a small team of two employees, adheres to the regulations set forth by the Tennessee Department of Corrections, ensuring a safe and structured environment for their residents. Their mission is centered around facilitating the re-integration of these individuals back into society, contributing positively to the community in Memphis.
Official website here: www.patchinc.org
Is Patch Inc legitimate?
Patch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patch 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: $36,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,450
For more financial information, click here
Official website here: www.patchinc.org
What is the mission statement of Patch Inc?
Patch Inc's mission revolves around transitional housing, specifically providing shelter for individuals who are convicted felons and under drug court probation. This organization adheres to the stipulations set by the Tennessee Department of Corrections while offering housing and support in halfway houses. Their primary goal is to assist these individuals in transitioning back into society, ensuring they have a place to live as they navigate their probation period.
Official website here: www.patchinc.org
Who is the CEO of Patch Inc?
Rose Falkner is the Chief Executive Officer of Patch Inc. The CEO's salary of Patch Inc is $36,800 and their total compensation is $36,826.
Official website here: www.patchinc.org
What is the revenue of Patch Inc?
Patch Inc's revenue in 2022 was $296,290.
Official website here: www.patchinc.org
Who are the executives of Patch Inc and what are their salaries?
The average compensation at Patch Inc during 2022 was $21,125. There are 2 employees at Patch Inc.
Here are 3 key members and their salaries (Patch Inc's CEO's salary is $36,800 and their total compensation is $36,826):
- Compensation: $36,800
- Related: $26
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.patchinc.org
Where can I find the form 990 for Patch Inc?
Patch Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patchinc.org
Learn more at the official website: www.patchinc.org
Mission Statement of Patch Inc
Patch Inc, a transitional housing organization, is committed to providing housing for felons and individuals on drug court probation. The mission of this nonprofit is to offer a supportive living environment for individuals who have served their time in prison, aiming to assist them in reintegrating into society. Patch Inc abides by all the requirements set by the Tennessee Department of Corrections, ensuring the provision of safe and secure housing for convicted felons in half-way houses.
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Impact
October, 2024
Patch Inc. plays a vital role in transforming lives by providing transitional housing for felons and drug court probationers in Memphis, TN. By offering a safe and supportive environment, Patch Inc. facilitates the successful reintegration of individuals into society. This initiative not only addresses immediate housing needs but also encompasses support services that aid in personal development, rehabilitation, and the rebuilding of lives.
In complying with all requirements set by the TN Department of Corrections, Patch Inc. ensures that it maintains high standards in its operations, promoting accountability and structured support for its residents. The organization focuses on personal growth, fostering an atmosphere that encourages rehabilitation and self-improvement, which is essential for reducing recidivism and enhancing community safety.
Through its commitment to transitional housing, Patch Inc. contributes significantly to youth development by creating pathways for former felons to become positive role models and active participants in their communities. By empowering individuals with the tools they need to succeed, Patch Inc. not only improves the lives of residents but also benefits society as a whole, fostering a more inclusive environment where everyone has the opportunity to thrive.
This information is meant to be a general summary of Patch 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.
- Program Service Revenue: $103,237
- Gross Receipts: $296,290
Assets and Liabilities:
- Total Assets: $308,258
- Total Liabilities: $224,439
- Net Assets: $83,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HOUSING
Revenue
$103,237
Organization Details
Founding Year
2021
Principal Officer
Rose Falkner
Main Address
4466 ELVIS PRESLEY BLVD STE 119, Memphis, TN, 38116
Website
www.patchinc.orgNTEE Category
Code: O50 - Youth development
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