Overview
What is Homes Of Care Inc?
Homes Of Care Inc, located at 6 Campanelli Drive, Andover, Massachusetts 01810, is a nonprofit organization dedicated to providing support and care for elderly and handicapped individuals. Their primary objective is to offer specialized housing facilities and services tailored to meet the physical, social, and psychological needs of these individuals. As per the provided information, they currently provide a home for four developmentally disabled adults at 60 Davis Road, Methuen, MA. The organization's mission is centered around enhancing the quality of life for these vulnerable individuals, ensuring they receive the care they need to live comfortably and with dignity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (48%)
Homes Of Care Inc has received a low rating of 48%, which translates to a Zero-Star designation. This rating is primarily based on its Accountability & Finance score, reflecting significant concerns in governance and operational transparency. The absence of independent board members and a conflict of interest policy raises red flags regarding potential biases and decision-making processes within the organization.
Despite the issues noted, Homes Of Care Inc does show strength in its program expense ratio, with an impressive 94.80%. This indicates that a high percentage of its expenses are allocated directly to its programs, suggesting a commitment to its mission. However, the lack of essential policies such as a whistleblower policy and document retention practices undermines its accountability.
Overall, while the organization appears to prioritize program spending, significant gaps in governance and transparency remain. Prospective donors and supporters may want to consider these factors before engaging with Homes Of Care Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Homes Of Care Inc legitimate?
Homes Of Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Of Care 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: $3,657
For more financial information, click here
What is the mission statement of Homes Of Care Inc?
Homes Of Care Inc is committed to providing housing facilities and services tailored to meet the physical, social, and psychological needs of elderly and handicapped individuals. This organization's mission is to offer a supportive environment that caters to the unique requirements of these individuals, ensuring their overall well-being. As of recorded information, Homes Of Care Inc has provided a home for four developmentally disabled adults. The organization's primary focus is on enriching the lives of these individuals, ensuring they live with dignity and independence.
Who is the CEO of Homes Of Care Inc?
Thomas M Connors is the President & Ceo/Director of Homes Of Care Inc. The CEO's salary of Homes Of Care Inc is $0 and their total compensation is $213,858.
What is the revenue of Homes Of Care Inc?
Homes Of Care Inc's revenue in 2022 was $41,112.
Who are the executives of Homes Of Care Inc and what are their salaries?
There 1 volunteer at Homes Of Care Inc.
Here are 2 key members and their salaries (Homes Of Care Inc's CEO's salary is $0 and their total compensation is $213,858):
- Compensation: $0
- Related: $191,491
- Other: $22,367
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Homes Of Care Inc?
Homes Of Care Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homes Of Care Inc
Homes Of Care Inc is dedicated to providing specialized housing facilities and services for elderly and handicapped individuals, addressing their physical, social, and psychological needs in a comprehensive manner. The nonprofit organization strives to create an environment that caters to the unique needs of these individuals, ensuring their well-being and overall quality of life. One of the ways Homes Of Care Inc accomplishes this mission is by offering housing for four developmentally disabled adults, as demonstrated through their establishment at 60 Davis Road in Methuen, MA. This example underscores Homes Of Care Inc's commitment to providing suitable living arrangements and supportive services for vulnerable individuals, enabling them to thrive in a nurturing environment.
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Impact
August, 2024
Homes Of Care Inc positively impacts the lives of elderly and handicapped individuals by providing them with housing facilities and services tailored to meet their physical, social, and psychological needs. Through initiatives like providing homes for developmentally disabled adults, such as the one at 60 Davis Road in Methuen, MA, this organization offers a supportive and inclusive environment for those in need. Their mission to ensure the well-being and comfort of their residents underscores their commitment to making a meaningful difference in the lives of vulnerable populations.
This information is meant to be a general summary of Homes Of Care 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: $24
- Program Service Revenue: $41,088
- Gross Receipts: $41,112
Assets and Liabilities:
- Total Assets: $489,287
- Total Liabilities: $264,536
- Net Assets: $224,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDY
Revenue
$28,090
RESIDENT CONTRIBUTIONS
Revenue
$12,998
Organization Details
Founding Year
2002
Phone
(978) 685-2151Principal Officer
Thomas M Connors
Main Address
6 CAMPANELLI DRIVE, ANDOVER, MA, 01810
NTEE Category
Code: L20 - Housing
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