Overview
What is Stonebridge Movin' Out Inc?
Stonebridge Movin' Out Inc is a nonprofit organization situated in Madison, Wisconsin, with a specific focus on assisting low-income individuals with disabilities and their families. The organization's primary goal is to provide them with condominium homes as a living solution. Stonebridge Movin' Out Inc's mission is deeply rooted in supporting this particular community, thereby enhancing their living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating. The rating indicates that Stonebridge Movin' Out Inc has some strengths in its governance and financial practices but also presents significant concerns. The Accountability & Finance score of 65 suggests that while the organization performs well in areas like board independence and program expense ratio, it faces challenges regarding its liabilities, which could impact its financial stability.
The organization has a commendable program expense ratio of 93.10%, indicating that a large portion of its resources is directed towards its programs. Additionally, the presence of a fully independent board and adherence to conflict of interest policies further reflects its commitment to accountability. These aspects may inspire confidence among donors and stakeholders regarding its mission and operational integrity.
However, the liabilities to assets ratio of 160.80% raises a red flag. This high ratio implies that the organization has more liabilities than assets, posing potential risks to its sustainability. Overall, while Stonebridge Movin' Out Inc exhibits strong governance practices, the financial challenges highlighted in its rating could limit its effectiveness in achieving its long-term goals.
This AI summary has been generated from information found on Charity Navigator.
Is Stonebridge Movin' Out Inc legitimate?
Stonebridge Movin' Out Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stonebridge Movin' Out 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: $12,468
For more financial information, click here
What is the mission statement of Stonebridge Movin' Out Inc?
Stonebridge Movin' Out Inc, as an organization, is dedicated to supporting low-income individuals with disabilities and their families. They achieve this mission by owning and renting condominium homes to this specific demographic. By providing housing, Stonebridge Movin' Out Inc aims to contribute positively to the lives of individuals with disabilities, enabling them to live with independence and dignity. The organization's focus on this population underscores its commitment to promoting inclusivity and equal opportunities for all.
Who is the CEO of Stonebridge Movin' Out Inc?
Kingsley Gobourne is the President of Stonebridge Movin' Out Inc.
What is the revenue of Stonebridge Movin' Out Inc?
Stonebridge Movin' Out Inc's revenue in 2022 was $71,974.
Who are the executives of Stonebridge Movin' Out Inc and what are their salaries?
There 3 volunteers at Stonebridge Movin' Out Inc.
Here are 3 key members and their salaries:
- 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 Stonebridge Movin' Out Inc?
Stonebridge Movin' Out Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stonebridge Movin' Out Inc
Stonebridge Movin' Out Inc, as an organization, is dedicated to serving low-income individuals with disabilities and their families. Their mission is uniquely focused on providing them with condominium homes to call their own. By owning and renting these homes, Stonebridge Movin' Out Inc offers a sense of independence and stability, which is crucial for individuals with disabilities and their families. This mission not only provides them with a place to live but also contributes to enhancing their quality of life, allowing them to focus on their well-being and personal growth.
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Impact
October, 2024
Stonebridge Movin' Out Inc plays a vital role in supporting low-income individuals and families impacted by disabilities in Madison, Wisconsin. By owning and renting condominium homes specifically designed for this population, the organization provides stable and affordable housing options that are crucial for fostering independence and dignity.
The impact of Stonebridge Movin' Out extends beyond mere housing; it offers a sense of community and belonging, enabling residents to thrive in an environment that understands their unique challenges. This initiative not only addresses immediate housing needs but also promotes the well-being of individuals with disabilities and their families, fostering inclusivity and empowerment within the community. Through its efforts, the organization contributes positively to the overall quality of life for its residents, helping them build a foundation for a brighter future.
This information is meant to be a general summary of Stonebridge Movin' Out 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: $127
- Program Service Revenue: $71,847
- Gross Receipts: $71,974
Assets and Liabilities:
- Total Assets: $901,436
- Total Liabilities: $1,449,540
- Net Assets: -$548,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,847
Organization Details
Founding Year
2008
Phone
(608) 251-4446Principal Officer
Kingsley Gobourne
Main Address
902 ROYSTER OAKS DRIVE 105, MADISON, WI, 537149101
NTEE Category
Code: P80 - Human services
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