Overview
What is Southlake Center Residential Inc?
Southlake Center Residential Inc is a non-profit organization dedicated to serving the housing needs of individuals living in group homes for the mentally ill. Their mission is to provide low-income accommodations, ensuring that this specific sector of the population has access to safe and affordable housing. By offering this service, Southlake Center Residential Inc contributes significantly to the well-being and overall support of their residents, focusing on meeting the unique demands of this population.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Southlake Center Residential Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of organizational health and effectiveness. The rating is primarily based on accountability and finance, which reflects the organization's commitment to maintaining transparency and responsible management of its funds.
The nonprofit demonstrates strong governance with a fully independent board and effective policies in place, including conflict of interest and whistleblower protections. This governance structure contributes positively to its high program expense ratio of 87.25%, showcasing a significant focus on programmatic spending relative to administrative costs.
However, the organization faces challenges with its liabilities to assets ratio, which scored poorly at 0 out of 15 points. This could indicate financial risks that may need to be addressed to ensure long-term sustainability and continued service delivery. Overall, while there are strengths in governance and program focus, attention to financial stability is essential for future success.
This AI summary has been generated from information found on Charity Navigator.
Is Southlake Center Residential Inc legitimate?
Southlake Center Residential Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southlake Center Residential 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 Southlake Center Residential Inc?
Southlake Center Residential Inc is dedicated to serving the housing needs of individuals residing in group homes for the mentally ill. Their mission is centered around providing affordable accommodation for this specific group, aiming to improve their quality of life and facilitate their care. The organization operates with the goal of catering to this unique population sector, ensuring they have access to suitable housing.
Who is the CEO of Southlake Center Residential Inc?
William Trowbridge is the CEO of Southlake Center Residential Inc The CEO's salary of Southlake Center Residential Inc is $0 and their total compensation is $395,480.
What is the revenue of Southlake Center Residential Inc?
Southlake Center Residential Inc's revenue in 2024 was $81,841.
Who are the executives of Southlake Center Residential Inc and what are their salaries?
There 11 volunteers at Southlake Center Residential Inc.
Here are 16 key members and their salaries (Southlake Center Residential Inc's CEO's salary is $0 and their total compensation is $395,480):
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- Related: $202,432
- Other: $51,626
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- Related: $96,393
- Other: $10,245
- Compensation: $0
- Related: $299,867
- Other: $95,613
Where can I find the form 990 for Southlake Center Residential Inc?
Southlake Center Residential Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Southlake Center Residential Inc
Southlake Center Residential Inc is an organization dedicated to serving the housing needs of a specific group within society: the mentally ill. The mission of this nonprofit is to provide low-income housing for residents of group homes, offering a safe and supportive environment for this vulnerable population. By operating with this focus, Southlake Center Residential aims to make a significant difference in the lives of those struggling with mental illness, ensuring they have access to stable housing and a sense of community. With a commitment to serving this particular sector of the population, Southlake Center Residential is a vital resource for individuals in need of such support.
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Impact
June, 2024
Southlake Center Residential Inc's impact lies in providing low-income housing for residents of group homes for the mentally ill in Merrillville, Indiana. Their mission is focused on serving this specific sector of the population, contributing to the well-being and stability of individuals who may otherwise struggle to find affordable and suitable housing options. Their efforts help address the critical need for housing support within the mentally ill community, exemplifying a commitment to improving lives and promoting mental health.
This information is meant to be a general summary of Southlake Center Residential 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 2024.
- Investment Income: $1,939
- Program Service Revenue: $39,179
- Gross Receipts: $81,841
Assets and Liabilities:
- Total Assets: $294,908
- Total Liabilities: $247,868
- Net Assets: $47,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$39,179
Organization Details
Founding Year
1989
Principal Officer
Lashaun Woods
NTEE Category
Code: F330 - Mental health
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