Overview
What is Residential Resources Inc?
Residential Resources Inc is a nonprofit organization dedicated to providing housing solutions for individuals with mental illnesses and disabilities. Based on the information provided, the organization does not seem to have a specific location mentioned. Their primary mission involves ensuring a safe and supportive living environment for those in need. While no specific programs or initiatives are detailed, it is clear that the organization focuses on improving the quality of life for those who may face challenges in securing stable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Residential Resources Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in Accountability & Finance. This rating is based entirely on a single beacon score, reflecting the organization's commitment to transparency and responsible financial management. The organization scored particularly well in areas such as having a majority of independent board members and no material diversion of assets.
The organization demonstrates strong governance practices, with a conflict of interest policy, whistleblower policy, and a document retention policy all in place. Additionally, it effectively keeps minutes of board meetings, showcasing its operational transparency. The program expense ratio is commendable at 90.71%, highlighting a significant portion of funds directed towards its programs and services.
However, the organization faces a notable challenge in its liabilities to assets ratio, which stands at 193.74%. This suggests a potential risk in financial stability, indicating that the organization may have more liabilities than assets. This aspect could be a concern for potential donors and stakeholders regarding the long-term sustainability of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Resources Inc legitimate?
Residential Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Resources 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: $8,100
For more financial information, click here
What is the mission statement of Residential Resources Inc?
The mission of Residential Resources Inc, a non-profit organization, is primarily focused on providing housing for individuals with mental illnesses and disabilities. The organization aims to create a supportive environment that caters to their unique needs, striving to ensure they can live with dignity and independence. Their activities are geared towards promoting a sense of community and well-being for these individuals, contributing to a more inclusive and compassionate society. However, specific details about their mission, such as advocacy, research, or educational initiatives, are not provided in the given information.
Who is the CEO of Residential Resources Inc?
James Mcdonald is the Director of Residential Resources Inc.
What is the revenue of Residential Resources Inc?
Residential Resources Inc's revenue in 2023 was $124,617.
Who are the executives of Residential Resources Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Residential Resources Inc?
Residential Resources Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Residential Resources Inc
Residential Resources Inc, a nonprofit organization, is dedicated to providing housing solutions for individuals who are mentally ill or disabled. The mission of this organization is centered around ensuring that those who require specialized care have a secure and supportive living environment. By focusing on the needs of this vulnerable population, Residential Resources Inc aims to promote independent living and improve the quality of life for its residents. Although specific details about the organization's programs and initiatives are not provided, it is clear that their efforts are geared towards providing housing solutions for those who may otherwise struggle to find suitable living arrangements due to their mental or physical challenges.
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Impact
June, 2024
Residential Resources Inc makes a significant impact by providing housing for the mentally ill and handicapped in Zanesville, OH. Through their services, they offer a safe and supportive environment for individuals who may have additional challenges in finding suitable housing options. By addressing the specific needs of this vulnerable population, Residential Resources Inc plays a crucial role in enhancing their quality of life and overall well-being.
This information is meant to be a general summary of Residential Resources 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: $12
- Program Service Revenue: $124,605
- Gross Receipts: $124,617
Assets and Liabilities:
- Total Assets: $148,170
- Total Liabilities: $287,072
- Net Assets: -$138,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES/CONTRACTS -GOVT AGENCIES
Revenue
$71,357
RENTAL INCOME
Revenue
$51,376
LAUNDRY/VENDING
Revenue
$1,872
Organization Details
Founding Year
1989
Phone
(740) 454-9766Principal Officer
James Mcdonald
Main Address
2845 BELL STREET, ZANESVILLE, OH, 43701
NTEE Category
Code: F00 - Mental health
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