Overview
What is Break The Cycle Inc?
Break The Cycle Inc, based in Kalamazoo, Michigan, is a dedicated nonprofit organization. Their primary mission is to preserve and provide safe, decent, and affordable housing for individuals and families who remain at low or very low income levels. To expand upon this, the organization aims to help provide housing for low-income individuals and families, preventing them from further falling into poverty. In addition, Break The Cycle, Inc. offers assistance programs, such as further education, job training, and mentoring, to help residents break the cycle of poverty that has affected their families for generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
Break The Cycle Inc has received a rating of 'Needs Improvement' from Charity Navigator, indicating that while the organization demonstrates certain strengths, there are significant areas for growth. The organization boasts a perfect score for its program expense ratio, showing that all of its expenses are directed toward its programs, which is a strong indicator of effective resource allocation. Additionally, it enjoys full marks for having an independent board and for maintaining a low liabilities to assets ratio.
However, there are notable weaknesses that have impacted its overall score. The organization lacks essential governance policies, including a conflict of interest policy and a whistleblower policy, which are crucial for transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website is a compliance issue that detracts from its credibility.
Overall, while Break The Cycle Inc shows commendable financial management and board independence, it must address its governance shortcomings to enhance its accountability and improve its rating in the future. The organization’s commitment to its mission is evident, but implementing necessary policies will strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Break The Cycle Inc legitimate?
Break The Cycle Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Break The Cycle 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
What is the mission statement of Break The Cycle Inc?
Break The Cycle Inc's mission is centered around providing safe and affordable housing for individuals and families with low income. Beyond this, the organization aims to preserve and enhance their living conditions. Furthermore, Break The Cycle Inc endeavors to help residents avoid slipping further into poverty. They achieve this by offering support for further education, job training, and mentoring programs, with the objective of breaking the cycle of poverty that has affected generations before them.
Who is the CEO of Break The Cycle Inc?
Nathan Rykse is the President of Break The Cycle Inc.
What is the revenue of Break The Cycle Inc?
Break The Cycle Inc's revenue in 2022 was $29,845.
Who are the executives of Break The Cycle Inc and what are their salaries?
There 3 volunteers at Break The Cycle Inc.
Here are 3 key members and their salaries:
- 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 Break The Cycle Inc?
Break The Cycle Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Break The Cycle Inc
Break The Cycle Inc is committed to aiding low-income individuals and families by offering safe, decent, and affordable housing options. Beyond providing housing, the organization's mission extends to preserving and enhancing this living situation for those who remain in a state of low or very low income. Break The Cycle Inc goes beyond just addressing immediate housing needs. The organization aims to assist its residents in avoiding further descent into poverty. This is achieved through various educational, job training, and mentoring programs. These initiatives aim to help individuals break the cycle of poverty that has affected generations in their families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Break The Cycle Inc's impact lies in helping provide safe, decent, and affordable housing for low-income individuals and families in Kalamazoo, MI. By preserving and offering such housing options, the organization assists those who remain at low or very low income levels in maintaining stable living environments. Additionally, Break The Cycle Inc works to prevent residents from further slipping into poverty by providing assistance with education, job training, and mentoring programs, thus helping individuals break the cycle of poverty that may have affected previous generations. The organization's focus on employment-related support underscores its commitment to empowering individuals and families to achieve greater stability and independence.
This information is meant to be a general summary of Break The Cycle 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.
- Investment Income: $60
- Program Service Revenue: $29,785
- Gross Receipts: $29,845
Assets and Liabilities:
- Total Assets: $745,054
- Total Liabilities: $0
- Net Assets: $745,054
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING PROPERTIES
Revenue
$29,785
Organization Details
Founding Year
2016
Phone
(269) 381-0350Principal Officer
Nathan Rykse
Main Address
834 KING HIGHWAY SUITE 100, KALAMAZOO, MI, 49001
NTEE Category
Code: J30 - Employment
If you are a representative of Break The Cycle Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.