Overview
What is Legacy Iii Inc?
Legacy Iii Inc is a nonprofit organization situated in Akron, Ohio, specifically at 87 South Arlington Street, 44306. Their primary mission is to offer supportive housing services to homeless women in Summit County who are recovering from chronic substance abuse. As of December 31, 2021, they had assisted 76 women, with 44 successfully exiting the program. Among these exited women, an impressive 98% maintained their sobriety, and 90% transitioned into permanent housing. With a team of 17 dedicated individuals, Legacy Iii Inc continues to provide a vital safety net for these women in their journey towards recovery and independence.
Official website here: www.legacythree.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Legacy III Inc has earned an impressive score of 92%, reflecting its strong accountability and financial health. The organization boasts a fully independent board, with all members meeting the criteria for independence. This governance structure, along with a robust audit and oversight committee, enhances transparency and stakeholder confidence.
The nonprofit demonstrates effective financial management, evidenced by a program expense ratio of 76.97%, indicating that the majority of its expenditures are directed towards its mission-related activities. Additionally, the charity has a favorable liabilities to assets ratio of 23.03%, showing a solid financial footing and low leverage. The presence of comprehensive policies for conflict of interest, whistleblowing, and documented board meeting minutes further supports its commitment to ethical practices.
Overall, Legacy III Inc exhibits strong operational practices, which are crucial for donor trust and continued support. The absence of material diversions of assets reinforces its reliability, making it a commendable choice for potential donors seeking impactful contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Iii Inc legitimate?
Legacy Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Iii 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: $130,777
Professional Fundraising Fees: $0
Other Salaries and Wages: $333,390
For more financial information, click here
Official website here: www.legacythree.org
What is the mission statement of Legacy Iii Inc?
Legacy III Inc's mission is centered around providing supportive housing services to homeless women in their recovery from chronic substance abuse. The organization's primary goal is to offer a conducive environment to help these women overcome their addiction issues. The services provided by Legacy III Inc extend beyond just housing, as they strive to assist women in maintaining their sobriety and securing permanent housing. As of December 31, 2021, the organization had successfully aided 45 women in exiting the program, with 98% of them maintaining their sobriety and 90% moving into permanent housing.
Official website here: www.legacythree.org
Who is the CEO of Legacy Iii Inc?
Darnella Cummings is the Ceo of Legacy Iii Inc. The CEO's salary of Legacy Iii Inc is $130,777 and their total compensation is $130,777.
Official website here: www.legacythree.org
What is the revenue of Legacy Iii Inc?
Legacy Iii Inc's revenue in 2022 was $841,572.
Official website here: www.legacythree.org
Who are the executives of Legacy Iii Inc and what are their salaries?
The average compensation at Legacy Iii Inc during 2022 was $27,304. There are 17 employees and 7 volunteers at Legacy Iii Inc.
Here are 9 key members and their salaries (Legacy Iii Inc's CEO's salary is $130,777 and their total compensation is $130,777):
- Compensation: $130,777
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.legacythree.org
Where can I find the form 990 for Legacy Iii Inc?
Legacy Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacythree.org
Learn more at the official website: www.legacythree.org
Mission Statement of Legacy Iii Inc
Legacy III, a nonprofit organization, is committed to providing supportive housing services to homeless women in Summit County who are recovering from chronic substance abuse. The primary mission of Legacy III is to offer a conducive living environment where these women can recover and transition towards permanent housing. By providing these services, Legacy III aims to assist these women in regaining their independence and stability, enabling them to overcome their substance abuse challenges.
Legacy III's housing services are not just about providing a roof over the heads of these women, but it's also about aiding them in their recovery process. The organization served 76 homeless women in Summit County in 2021, with 45 women successfully exiting the program by the end of the year. Among these exited women, an impressive 98% managed to maintain their sobriety, and 90% successfully moved into permanent housing. This data underscores Legacy III's effectiveness in helping women recover and reintegrate into society.
In summary, Legacy III Inc is a nonprofit organization that focuses on providing supportive housing services to homeless women in Summit County who are recovering from chronic substance abuse. Its mission is to offer a safe and conducive environment where these women can recover, transition, and regain their independence, ultimately helping them to overcome their substance abuse challenges and move towards permanent housing.
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Impact
October, 2024
Legacy III Inc has made a significant impact on the lives of homeless women in Summit County who are recovering from chronic substance abuse. By providing supportive and transitional housing services, the organization addressed a critical need in the community, offering a safe space for these women to start rebuilding their lives.
In its effort, Legacy III assisted 76 women, and by the end of 2021, 45 of those participants had completed the program. The results speak volumes: an impressive 98% of those women maintained their sobriety post-program, while 90% successfully transitioned into permanent housing. This not only contributes to individual recovery but also fosters a healthier community as these women reintegrate and stabilize their lives.
Legacy III’s approach highlights the importance of supportive housing in the recovery process, demonstrating how targeted assistance can lead to substantial positive outcomes for vulnerable populations.
This information is meant to be a general summary of Legacy Iii 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: -$15,137
- Program Service Revenue: $65,600
- Gross Receipts: $856,878
Assets and Liabilities:
- Total Assets: $1,221,350
- Total Liabilities: $281,333
- Net Assets: $940,017
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$65,600
Organization Details
Founding Year
1996
Phone
(330) 375-0071Principal Officer
Darnella Cummings
Main Address
87 SOUTH ARLINGTON STREET, AKRON, OH, 44306
Website
www.legacythree.orgNTEE Category
Code: P20 - Human services
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