Overview
What is Project Recovery Inc?
Project Recovery Inc is a nonprofit organization situated in Redding, California. Their primary mission is to extend low-income housing and recovery services to individuals in need, primarily through their temporary homeless shelter. By offering these vital resources, they aim to support and aid individuals on their journey to recovery, enhancing their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Project Recovery Inc has received a low rating of 54%, which indicates significant areas for improvement regarding its financial management and transparency. While the organization scores well in governance aspects such as having a fully independent board and established policies for conflict of interest and whistleblower protections, its financial metrics raise concerns. The high liabilities to assets ratio and low program expense ratio suggest that a large portion of resources may not be allocated effectively towards its mission.
Strengths of the organization include a fully independent board and well-documented policies that promote accountability. The nonprofit has maintained good practices in terms of governance, with all board members being independent and no reported material diversion of assets. These factors contribute positively to its overall governance score.
However, the financial performance indicators are troubling. With a program expense ratio of only 34.08%, it indicates that only a small fraction of its funds are directed towards its programs, which might limit the charity's impact. Additionally, the liabilities to assets ratio of 96.84% raises red flags about financial stability, suggesting that the organization may struggle to meet its obligations. These financial weaknesses are critical in understanding the overall effectiveness of the charity in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Project Recovery Inc legitimate?
Project Recovery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Recovery 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
For more financial information, click here
What is the mission statement of Project Recovery Inc?
Project Recovery Inc's mission is centered around providing essential services. Specifically, they strive to offer low-income housing and recovery support to individuals in need. This mission is carried out through a homeless shelter organization, although the exact location is not provided in the information. By offering these services, Project Recovery Inc aims to contribute to the well-being and recovery of those who are financially disadvantaged. The organization's work is crucial in providing a safe and supportive environment for individuals in their journey towards recovery.
Who is the CEO of Project Recovery Inc?
Richard M Keene is the Principal Officer of Project Recovery Inc.
What is the revenue of Project Recovery Inc?
Project Recovery Inc's revenue in 2022 was $47,945.
Who are the executives of Project Recovery Inc and what are their salaries?
There 2 volunteers at Project Recovery Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $23,000
- Related: $0
- Other: $0
Where can I find the form 990 for Project Recovery Inc?
Project Recovery Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Recovery Inc
Project Recovery Inc, as a nonprofit organization, is committed to providing low-income housing and recovery services. At the heart of its mission, Project Recovery focuses on offering these essential services to those in need. By establishing a temporary homeless shelter in Redding, CA, Project Recovery offers a safe and supportive environment for individuals seeking recovery. The organization's mission is to ensure that individuals in difficult circumstances have access to the resources they need to rebuild their lives. Project Recovery's commitment to low-income housing and recovery services is a testament to its dedication to supporting vulnerable populations and helping them on their journey towards self-sufficiency.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Project Recovery Inc significantly impacts the Redding, CA community by providing essential low-income housing and comprehensive recovery services. By operating a temporary shelter, the organization plays a crucial role in addressing homelessness and offering individuals and families in need a stable environment to rebuild their lives.
The mission of Project Recovery is focused on empowering those facing housing instability, ensuring they have access to necessary resources to foster recovery and self-sufficiency. Through its efforts, the organization not only addresses immediate housing needs but also contributes to long-term social solutions, helping individuals regain control over their lives. By creating a supportive environment, Project Recovery incites positive change, ultimately leading to healthier communities and improved quality of life for its clients.
This information is meant to be a general summary of Project Recovery 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.
- Gross Receipts: $84,545
Assets and Liabilities:
- Total Assets: $569,948
- Total Liabilities: $551,948
- Net Assets: $18,000
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2009
Principal Officer
Richard M Keene
Main Address
PO BOX 494938, REDDING, CA, 960494938
NTEE Category
Code: L40 - Housing
If you are a representative of Project Recovery Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.