Overview
What is Prospect House Inc?
Prospect House Inc is a nonprofit organization located at 682 Hawthorne Avenue, Cincinnati, Ohio, dedicated to providing high-quality alcohol and drug rehabilitation services. Specifically, they offer long-term residential treatment to men who are indigent and lack the financial resources to enter hospital-based programs. Their mission encompasses providing shelter, counseling, and a variety of treatment programs to help individuals overcome their chemical dependencies. With a workforce of 36 employees, Prospect House Inc aims to offer a supportive environment for recovery, supporting 65 residents annually.
Official website here: www.prospect-house.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Prospect House Inc has received an 88% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization scores well in areas such as having a fully independent board and excellent oversight of financial statements. Additionally, their program expense ratio of 73.73% indicates that a significant portion of their funds is directed toward their programs, which is a positive aspect of their financial management.
Despite these strengths, there are some areas where Prospect House Inc can improve. Notably, the organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring transparency and accountability. These omissions may raise concerns for some donors regarding the organization’s governance practices.
Overall, while Prospect House Inc demonstrates strong financial accountability and a commitment to its mission, addressing the gaps in governance policies could enhance its credibility and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Prospect House Inc legitimate?
Prospect House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect House 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: $205,054
Professional Fundraising Fees: $0
Other Salaries and Wages: $606,538
For more financial information, click here
Official website here: www.prospect-house.org
What is the mission statement of Prospect House Inc?
Prospect House Inc, a recovery facility, is dedicated to providing high-quality, long-term residential treatment for chemically dependent men who lack the means to enter hospital-based programs. The organization's mission is to offer a safe and supportive environment where these men can overcome their addiction through a variety of treatment programs. By doing so, Prospect House Inc aims to empower individuals who are often marginalized due to their financial circumstances, offering them a second chance at a substance-free life. Their work is carried out without the need for insurance or other resources, making their services accessible to those who need it most.
Official website here: www.prospect-house.org
Who is the CEO of Prospect House Inc?
Carla Patrick is the Trustee of Prospect House Inc.
Official website here: www.prospect-house.org
What is the revenue of Prospect House Inc?
Prospect House Inc's revenue in 2023 was $1,537,791.
Official website here: www.prospect-house.org
Who are the executives of Prospect House Inc and what are their salaries?
The average compensation at Prospect House Inc during 2023 was $22,544. There are 36 employees and 25 volunteers at Prospect House Inc.
Here are 25 key members and their salaries:
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Official website here: www.prospect-house.org
Where can I find the form 990 for Prospect House Inc?
Prospect House Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.prospect-house.org
Learn more at the official website: www.prospect-house.org
Mission Statement of Prospect House Inc
Prospect House Inc, a non-profit organization, is dedicated to providing high-quality, residential treatment for individuals struggling with alcohol and drug addiction. Their mission is to offer this essential service to men who lack the financial means, insurance, or other resources to enter hospital-based programs. The recovery facility, which houses 65 residents, offers a variety of treatment programs aimed at helping chemically dependent men overcome their addictions and rebuild their lives. Prospect House Inc shelters and counsels these residents throughout the year, providing them with the support and guidance they need to achieve long-term recovery.
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Impact
June, 2024
Prospect House Inc's impact lies in its provision of high-quality drug and alcohol treatment in a long-term residential setting to men who are without the financial means, insurance, or other resources to access hospital-based programs. By operating a 65-bed recovery facility for chemically dependent men, most of whom are indigent, Prospect House Inc shelters and counsels residents throughout the year through various treatment programs. The organization's focus on addressing mental health issues related to substance abuse within this marginalized population underscores its commitment to improving individual lives and contributing to broader societal well-being.
This information is meant to be a general summary of Prospect House 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 2023.
- Investment Income: $17,081
- Program Service Revenue: $248,534
- Gross Receipts: $1,537,791
Assets and Liabilities:
- Total Assets: $3,426,613
- Total Liabilities: $261,733
- Net Assets: $3,164,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTS
Revenue
$248,534
Organization Details
Founding Year
1970
Phone
(513) 921-1613Principal Officer
Carla Patrick
Main Address
682 HAWTHORNE AVENUE, CINCINNATI, OH, 45205
Website
www.prospect-house.orgNTEE Category
Code: F34Z - Mental health
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