Overview
What is Locs Incorporated?
Locs Incorporated is a nonprofit organization situated in Cleveland, Ohio, with an address at 23503 Fletch St. Their primary mission is to enhance the well-being of disadvantaged individuals and improve urban communities. Specifically, they offer a residential shelter for emotionally and mentally challenged adults. The goal is to provide them with necessary training and counseling, helping them reintegrate into society. This organization strives to empower these adults and contribute positively to their communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Locs Incorporated has achieved an 80% score, which translates to a Three-Star rating. This rating is primarily based on their performance in Accountability & Finance, where they excel, receiving a perfect score in several key areas. The charity has a fully independent board, ensuring that governance is free from conflicts of interest, which enhances its credibility and reliability.
The organization showcases strong financial health, as indicated by a 0.00% liabilities to assets ratio and an impressive program expense ratio of 99.15%. This means that nearly all of their expenses are directed toward their programs, suggesting a commitment to their mission and effective use of resources. The financial statements are thoroughly reviewed, providing additional assurance about their fiscal responsibility.
However, while the charity scores well in accountability and finance, there is no mention of its programmatic effectiveness or impact, which are also important for a comprehensive evaluation. Potential donors and supporters might want to seek additional information about the outcomes of Locs Incorporated's initiatives to fully assess its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Locs Incorporated legitimate?
Locs Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Locs Incorporated 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 Locs Incorporated?
Locs Incorporated's mission is centered around providing a residential shelter for adults with emotional and mental disabilities. Their primary objective is to empower these individuals by offering training and counseling services, with the ultimate goal of facilitating their reintegration into the community. Additionally, the organization aims to enhance the well-being of disadvantaged people and improve the quality of urban neighborhoods.
Who is the CEO of Locs Incorporated?
Constance Goshay is the Treasurer of Locs Incorporated.
What is the revenue of Locs Incorporated?
Locs Incorporated's revenue in 2022 was $612,131.
Who are the executives of Locs Incorporated 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: $0
- Other: $0
Where can I find the form 990 for Locs Incorporated?
Locs Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Locs Incorporated
Locs Incorporated, a nonprofit organization, is dedicated to improving the lives of emotionally and mentally challenged adults. Their mission is twofold: they provide a residential shelter for these individuals, offering them a safe and supportive environment. Simultaneously, they offer training and counseling services to help these adults prepare for a successful return to the community. This holistic approach aims to promote their general welfare and improve the quality of urban neighborhoods. By offering a nurturing environment and providing the necessary tools for reintegration, Locs Incorporated works towards empowering these adults to lead fulfilling lives within their communities.
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
July, 2024
Locs Incorporated has had a significant impact by providing a resident shelter for emotionally and mentally challenged adults in Cleveland, Ohio. They focus on training and counseling these individuals to help them integrate back into the community. Additionally, the organization works to promote the general welfare of disadvantaged people and enhance the quality of urban neighborhoods in the area. Their efforts contribute to improving the lives of those they serve and creating a more inclusive and supportive community environment.
This information is meant to be a general summary of Locs Incorporated. 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: $612,131
- Gross Receipts: $612,131
Assets and Liabilities:
- Total Assets: $276,578
- Total Liabilities: $0
- Net Assets: $276,578
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.
GRANTS
Revenue
$74,020
SMILE PAYEE
Revenue
$118,395
PROGRAM SVC
Revenue
$400,361
MSFC OHIO
Revenue
$19,355
Organization Details
Founding Year
1988
Phone
(216) 404-6693Principal Officer
Constance Goshay
Main Address
23503 FLETCH ST, CLEVELAND, OH, 44128
NTEE Category
Code: X99 - Religion related
If you are a representative of Locs Incorporated 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.