Overview
What is Ashunti Residential Management?
Ashunti Residential Management, based in Chicago, Illinois, is a not-for-profit organization dedicated to serving individuals from underserved communities. These individuals often struggle with various challenges, such as past offenses, childhood abuse, domestic violence, mental health issues, and HIV/AIDS. The organization provides housing and comprehensive support services for up to 24 months, aiming to restore balance, help individuals reclaim their dignity, and promote self-sufficiency. Mandated by the State of Illinois or homeless, these residents benefit from Ashunti's housing and resources, with a primary focus on empowerment and personal growth. The organization's workforce consists of five dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Ashunti Residential Management has received a rating indicating the need for improvement, with an overall score of 67%. The organization demonstrates strong governance practices, with 100% of its board members being independent and a solid financial oversight structure in place. All necessary policies, including conflict of interest and whistleblower policies, are established and documented, showcasing an emphasis on accountability.
However, the nonprofit faces challenges in its financial performance, particularly indicated by a liabilities-to-assets ratio of 106.44%, suggesting potential financial instability. Additionally, while the program expense ratio is 58.94%, indicating a portion of expenses go towards programs, the overall effectiveness can be questioned given the low score in this category. Furthermore, the absence of the tax form on its website may hinder transparency.
Overall, while Ashunti Residential Management has strong governance and accountability measures, it must address its financial ratios and enhance its transparency to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ashunti Residential Management legitimate?
Ashunti Residential Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashunti Residential Management 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: $55,768
Professional Fundraising Fees: $1,378
Other Salaries and Wages: $35,445
For more financial information, click here
What is the mission statement of Ashunti Residential Management?
Ashunti Residential Management is a non-profit organization that offers housing and supportive services to individuals in underserved communities for up to twenty-four months. These individuals often struggle with a variety of challenges, such as being former offenders, survivors of physical or sexual abuse, or living with mental illness or HIV/AIDS. The organization's primary goal is to help these individuals restore balance in their lives, reclaim their dignity, and become self-sufficient. The services provided aim to empower and support them during this transformation process.
Who is the CEO of Ashunti Residential Management?
Shirley Brown is the President of Ashunti Residential Management.
What is the revenue of Ashunti Residential Management?
Ashunti Residential Management's revenue in 2022 was $511,242.
Who are the executives of Ashunti Residential Management and what are their salaries?
The average compensation at Ashunti Residential Management during 2022 was $18,243. There are 5 employees and 6 volunteers at Ashunti Residential Management.
Here are 2 key members and their salaries:
- Compensation: $37,080
- Related: $0
- Other: $0
- Compensation: $18,688
- Related: $0
- Other: $0
Where can I find the form 990 for Ashunti Residential Management?
Ashunti Residential Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ashunti Residential Management
Ashunti Residential Management is a not-for-profit organization dedicated to providing housing and supportive services to individuals in underserved communities who are dealing with various challenges. These challenges can range from being former offenders to having experienced physical or sexual abuse, rape, domestic violence, mental illness, or HIV/AIDS. Some of these individuals are mandated by the State of Illinois to reside at Ashunti Residential Management, and all are homeless. The primary mission of Ashunti Residential Management is to restore balance in the lives of these individuals, help them reclaim their dignity, and empower them to become self-sufficient. The organization aims to provide a supportive environment that allows individuals to overcome their struggles and regain control of their lives.
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Impact
July, 2024
Ashunti Residential Management's impact is profound in providing up to twenty-four months of housing and supportive services for men and women in underserved communities who are facing a multitude of challenges. These individuals may have experienced issues such as childhood physical and sexual abuse, domestic violence, mental illness, or may be former offenders. By offering a safe place to stay and comprehensive support, Ashunti RMS Inc. plays a crucial role in helping these individuals restore balance in their lives, reclaim their dignity, and work towards self-sufficiency. Their work is particularly vital as they cater to homeless individuals, some of whom are mandated to their program by the State of Illinois.
This information is meant to be a general summary of Ashunti Residential Management. 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.
- Gross Receipts: $511,242
Assets and Liabilities:
- Total Assets: $478,963
- Total Liabilities: $509,813
- Net Assets: -$30,850
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Organization Details
Founding Year
1992
Phone
(773) 379-6982Principal Officer
Shirley Brown
Main Address
4909 W HURON ST, CHICAGO, IL, 606441334
NTEE Category
Code: L41 - Housing
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