Overview
What is Prospect House Foundation Inc?
Prospect House Foundation Inc is a charitable organization that serves as a supporting body for Prospect House, a public institution dedicated to offering a recovery facility for chemically dependent men. The Prospect Foundation, with its operations, aims to benefit Prospect House directly. Established as a section 501(c) organization, Prospect House provides a sanctuary for men grappling with substance abuse issues, offering them a path towards recovery. Although specific details about the foundation's activities are not provided, it can be inferred that they likely support Prospect House in its mission to help chemically dependent men regain control of their lives.
Official website here: www.affiliate's: www.prospect-house.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
The Prospect House Foundation Inc has received a low rating of 43%, reflecting significant concerns regarding its accountability and financial practices. The foundation scored well in areas such as having a majority independent board and the absence of asset diversion, but these strengths are overshadowed by critical failures in transparency and financial management.
Notably, the organization has major gaps in essential governance practices, including missing whistleblower and document retention policies. Additionally, the foundation reported a concerning program expense ratio of 0.00%, indicating that no funds were allocated toward its purported programs. This raises questions about the effectiveness and impact of the charity's mission.
Despite some positive attributes, such as independent board size and transparency in meeting minutes, the overall lack of program expenditures and weak financial ratios contribute to its unfavorable rating. Potential donors and supporters may want to consider these limitations before engaging with the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Prospect House Foundation Inc legitimate?
Prospect House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect House Foundation 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: $0
For more financial information, click here
Official website here: www.affiliate's: www.prospect-house.org
What is the mission statement of Prospect House Foundation Inc?
The Prospect House Foundation is established to support Prospect House, a non-profit recovery facility. Its primary mission is to aid chemically dependent men by providing a conducive environment for recovery. The Foundation operates with the goal of benefiting Prospect House and its efforts to provide a safe and supportive space for individuals seeking recovery. The Foundation does not engage in independent activities but focuses on supporting Prospect House in its mission.
Official website here: www.affiliate's: www.prospect-house.org
Who is the CEO of Prospect House Foundation Inc?
Carla Patrick is the Secretary/Treasurer of Prospect House Foundation Inc.
Official website here: www.affiliate's: www.prospect-house.org
What is the revenue of Prospect House Foundation Inc?
Prospect House Foundation Inc's revenue in 2023 was $82,820.
Official website here: www.affiliate's: www.prospect-house.org
Who are the executives of Prospect House Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $32,316
- Other: $0
Official website here: www.affiliate's: www.prospect-house.org
Where can I find the form 990 for Prospect House Foundation Inc?
Prospect House Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.affiliate's: www.prospect-house.org
Learn more at the official website: www.affiliate's: www.prospect-house.org
Mission Statement of Prospect House Foundation Inc
The Prospect House Foundation Inc, a supporting organization, is dedicated to aiding Prospect House, a public section 501(c) organization. Its primary mission is to provide a recovery facility for chemically dependent men, offering a sanctuary for those seeking recovery from substance abuse. By supporting Prospect House, the Prospect House Foundation contributes to the well-being of men struggling with chemical dependency, offering them a path towards recovery and a new lease on life.
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Impact
June, 2024
Prospect House Foundation Inc, as a supporting organization of Prospect House, has a significant impact on the recovery and well-being of chemically dependent men in Cincinnati, Ohio. Through its support and operation for the benefit of Prospect House, this foundation plays a crucial role in providing a recovery facility for those in need of help. By offering resources and assistance to chemically dependent individuals, Prospect House Foundation Inc contributes to improving mental health outcomes and facilitating the journey towards recovery for those it serves.
This information is meant to be a general summary of Prospect House Foundation 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: $82,820
- Gross Receipts: $1,100,675
Assets and Liabilities:
- Total Assets: $827,684
- Total Liabilities: $679,067
- Net Assets: $148,617
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Organization Details
Founding Year
1992
Phone
(513) 921-1613Principal Officer
Carla Patrick
Main Address
682 HAWTHORNE AVENUE, CINCINNATI, OH, 45205
NTEE Category
Code: F20 - Mental health
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