Overview
What is Homes Of Care Iii Inc?
Homes of Care III Inc is a nonprofit organization situated at 6 Campanelli Drive, Andover, Massachusetts 01810. Their primary mission is to provide housing and specialized services tailored to the physical, social, and psychological needs of five developmentally disabled adults. They have established a residence at 2 Anne Street, Groveland, MA, to fulfill this mission. The organization is committed to ensuring a comfortable and supportive living environment for these individuals, aiming to improve their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
Homes Of Care Iii Inc has received a low score of 43%, primarily based on its accountability and finance practices. This rating is reflective of deficiencies in governance, particularly concerning the independence of its board members and the presence of essential policies, such as conflict of interest and whistleblower protections, which are currently missing. Despite a commendable program expense ratio of 95.85%, indicating that a large portion of expenses goes directly to its programs, the overall lack of transparency and governance standards significantly impacts its rating.
The organization has one independent board member out of ten, which does not meet the benchmark for effective governance. Moreover, the absence of key documents on its website, including its conflict of interest and whistleblower policies, raises concerns regarding its operational transparency. While Homes Of Care Iii Inc has demonstrated effective program spending, the absence of proper oversight and governance practices poses a limitation that potential donors and stakeholders should be aware of.
In summary, while Homes Of Care Iii Inc excels in directing funds to its programs, the overall governance and financial accountability issues highlighted by its Zero-Star rating suggest a need for improvement in organizational practices and transparency to enhance credibility and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Homes Of Care Iii Inc legitimate?
Homes Of Care Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Of Care Iii 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 Iii Inc?
Homes Of Care III Inc is committed to providing specialized housing and services for elderly and handicapped individuals, catering to their physical, social, and psychological needs. The organization's mission is to create an environment that addresses the unique requirements of these individuals, ensuring their well-being and quality of life. This is achieved by offering housing facilities and support services tailored to meet their specific needs, thereby enhancing their overall living experience.
Who is the CEO of Homes Of Care Iii Inc?
Thomas M Connors is the President & Ceo/Director of Homes Of Care Iii Inc. The CEO's salary of Homes Of Care Iii Inc is $0 and their total compensation is $213,858.
What is the revenue of Homes Of Care Iii Inc?
Homes Of Care Iii Inc's revenue in 2022 was $47,018.
Who are the executives of Homes Of Care Iii Inc and what are their salaries?
There 1 volunteer at Homes Of Care Iii Inc.
Here are 2 key members and their salaries (Homes Of Care Iii 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 Iii Inc?
Homes Of Care Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homes Of Care Iii Inc
Homes of Care III Inc is committed to providing a nurturing environment for elderly and handicapped individuals. Their mission is centered around offering housing facilities and services tailored to meet the unique physical, social, and psychological needs of these individuals. By doing so, Homes of Care III Inc aims to enhance the quality of life for these individuals, ensuring they live with dignity and comfort. Specifically, the organization has set up housing for five developmentally disabled adults, offering them a safe and supportive home where they can thrive.
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Impact
August, 2024
Homes Of Care III Inc provides housing facilities and services specifically designed to meet the physical, social, and psychological needs of elderly and handicapped individuals. Their impact can be seen in the lives of the five developmentally disabled adults they house in Groveland, MA. By offering a supportive and conducive living environment, Homes Of Care III Inc is making a positive difference in the quality of life for these individuals, empowering them to thrive and lead fulfilling lives.
This information is meant to be a general summary of Homes Of Care Iii 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: $45,692
- Gross Receipts: $47,018
Assets and Liabilities:
- Total Assets: $945,429
- Total Liabilities: $584,107
- Net Assets: $361,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL SUBSIDY
Revenue
$30,426
RESIDENT CONTRIBUTIONS
Revenue
$15,266
Organization Details
Founding Year
2008
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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