Overview
What is Residential Inc?
Residential Inc is a non-profit organization located at 226 S Main St, PO Box 101, New Lexington, OH 43764, dedicated to providing comprehensive care for mentally and developmentally disabled individuals. Their mission is to create a supportive group home environment, offering full-time assistance to these individuals. With a team of 64 employees, they strive to ensure the utmost comfort, safety, and well-being for those they serve, providing a home away from home. Their services extend beyond basic care, offering a holistic approach to improve the quality of life for the disabled individuals in their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Residential Inc has demonstrated a strong commitment to accountability and financial transparency, reflected in its high scores for independent board membership and adherence to conflict of interest policies. The organization has no material diversion of assets, indicating sound financial practices, and a solid program expense ratio of 81.54% suggests that a significant portion of its resources is directed towards its programs.
However, the overall Two-Star rating indicates that there may be areas for improvement in its financial performance or operational effectiveness. While the organization excels in governance and maintains a low liabilities to assets ratio, stakeholders may want to see enhancements in other aspects of its financial health to elevate its rating further. Overall, Residential Inc shows promise but could benefit from addressing its performance limitations to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Inc legitimate?
Residential Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential 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: $1,626,359
For more financial information, click here
What is the mission statement of Residential Inc?
Residential Inc is dedicated to providing full-time care for mentally and developmentally disabled individuals in a group home setting. Their mission is centered around ensuring the well-being and support of these individuals, offering them a safe and nurturing environment to live and thrive. They strive to offer comprehensive care, encompassing daily needs and personal growth, aiming to improve the quality of life for every individual under their care. Their activities are geared towards creating an environment that fosters independence, while also offering necessary support when needed.
Who is the CEO of Residential Inc?
Linda Stonebrook is the Executive Di of Residential Inc.
What is the revenue of Residential Inc?
Residential Inc's revenue in 2022 was $2,349,383.
Who are the executives of Residential Inc and what are their salaries?
The average compensation at Residential Inc during 2022 was $25,412. There are 64 employees at Residential Inc.
Here are 7 key members and their salaries:
- Compensation: $85,853
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- 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 Residential Inc?
Residential Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Residential Inc
Residential Inc, a nonprofit organization, is committed to providing comprehensive care for mentally and developmentally disabled individuals. Their mission is to offer round-the-clock support in a group home setting, ensuring the well-being and comfort of those who require special assistance. By offering full-time care, Residential Inc aims to create an environment where these individuals can thrive and lead fulfilling lives. In essence, Residential Inc is dedicated to making a significant difference in the lives of those who need it most.
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Impact
June, 2024
Residential Inc's impact lies in its dedication to providing full-time care for mentally and developmentally disabled individuals in a group home setting. By offering specialized care and support to this vulnerable population, Residential Inc plays a crucial role in enhancing the quality of life for those in need. Through their mission to provide continuous care and assistance, Residential Inc positively impacts the lives of mentally and developmentally disabled individuals in New Lexington, Ohio, promoting mental health and well-being within the community.
This information is meant to be a general summary of Residential 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.
- Program Service Revenue: $2,349,383
- Gross Receipts: $2,349,383
Assets and Liabilities:
- Total Assets: $1,534,106
- Total Liabilities: $191,261
- Net Assets: $1,342,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$2,376,678
OTHER INCOME / LOSS
Revenue
-$27,295
Organization Details
Founding Year
1977
Phone
(740) 342-4158Principal Officer
Linda Stonebrook
Main Address
226 S MAIN ST PO BOX 101, NEW LEXINGTON, OH, 43764
NTEE Category
Code: F00 - Mental health
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