Overview
What is Raintree Friends Housing Inc?
Raintree Friends Housing Inc is a nonprofit organization, established as an Indiana corporation, with a focus on constructing, owning, and operating a 93-unit congregate care facility in New Castle, Indiana. Known as Raintree Square, this facility serves as their primary mission, with the intent to provide a supportive living environment for its residents. The organization's purpose is to contribute positively to the local community by offering such facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Raintree Friends Housing Inc has received a low rating of 56%, indicating significant concerns regarding its financial accountability and transparency. Although the organization boasts a fully independent board and a high program expense ratio of nearly 100%, it faces scrutiny due to missing financial statements and policies related to whistleblower protections and document retention.
The strengths of Raintree Friends Housing Inc lie in its governance structure, with all board members being independent and no material diversion of assets reported. However, the lack of essential financial documents on its website raises questions about its financial management and transparency practices, which are critical for donor trust and decision-making.
Overall, while Raintree Friends Housing Inc demonstrates effective program spending, its deficiencies in financial documentation and governance policies are concerning and contribute to its low rating from Charity Navigator. Addressing these issues could enhance its accountability and overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Raintree Friends Housing Inc legitimate?
Raintree Friends Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raintree Friends Housing 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:
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Other Salaries and Wages: $488,870
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What is the mission statement of Raintree Friends Housing Inc?
Raintree Friends Housing Inc, a not-for-profit organization, was established with the primary goal of constructing, owning, and operating a 93-unit congregate care facility. This facility is named Raintree Square and is situated in an unspecified location. The organization's mission revolves around providing a congregate care environment for an undisclosed group of individuals. However, the provided information does not delve into the specific needs or population this facility caters to, nor does it mention any additional services or support offered by Raintree Friends Housing Inc. Therefore, the mission statement's detail is limited to the construction and operation of the Raintree Square facility.
Who is the CEO of Raintree Friends Housing Inc?
Denise Randolph is the President of Raintree Friends Housing Inc.
What is the revenue of Raintree Friends Housing Inc?
Raintree Friends Housing Inc's revenue in 2023 was $1,289,269.
Who are the executives of Raintree Friends Housing Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Raintree Friends Housing Inc?
Raintree Friends Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Raintree Friends Housing Inc
Raintree Friends Housing, Inc., a not-for-profit corporation, was established with a specific mission. This organization was formed with the goal of constructing, owning, and operating a congregate care facility. This facility, named Raintree Square, is located in New Castle, Indiana, and is designed to accommodate 93 units. The primary objective of Raintree Friends Housing, Inc. is to provide a suitable living environment for its residents, ensuring they receive necessary care and support. The construction, ownership, and operation of Raintree Square are all part of the organization's efforts to contribute positively to its community and provide a valuable service.
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Impact
October, 2024
Raintree Friends Housing Inc. significantly impacts the community of New Castle, Indiana, by providing a supportive living environment through its 93-unit congregate care facility, Raintree Square. This facility caters to individuals seeking assistance with daily living activities, fostering independence while ensuring access to necessary support services. By creating a safe and nurturing space, Raintree Square enhances the quality of life for its residents, promoting social interaction and community involvement among individuals who may otherwise feel isolated.
The presence of Raintree Square also contributes to the local economy by generating employment opportunities and supporting local businesses. Additionally, it plays a crucial role in addressing the needs of the vulnerable populations in the area, thereby strengthening community ties and facilitating a more inclusive environment. Overall, Raintree Friends Housing Inc. serves as a vital resource in enhancing human services within the region, positively impacting both residents and the broader community.
This information is meant to be a general summary of Raintree Friends Housing 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.
- Program Service Revenue: $1,291,238
- Gross Receipts: $1,289,269
Assets and Liabilities:
- Total Assets: $1,656,074
- Total Liabilities: $2,517,497
- Net Assets: -$861,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$932,843
RESIDENT SERVICES
Revenue
$336,872
HOUSEKEEPING SERVICE
Revenue
$21,523
Organization Details
Founding Year
1985
Principal Officer
Denise Randolph
Main Address
2820 S MEMORIAL DR, NEW CASTLE, IN, 47362
NTEE Category
Code: P730 - Human services
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