Overview
What is Transitional Living Services Inc?
Transitional Living Services Inc, operating under the name "Veterans Path to Hope," is a nonprofit organization situated in Crystal Lake, Illinois. Their primary mission is to support homeless veterans and their families, offering them the necessary resources to regain stability and hope in their lives. This is achieved through their transitional-housing program, New Horizons, located in Hebron, IL. The program accommodates up to 20 veterans and provides them with essential services to facilitate healing and reintegration. These services include aftercare and an onsite food pantry. TLS Veterans' commitment to veterans in need extends beyond housing, aiming to instill hope and ensure their success. The organization employs a team of 85 individuals to fulfill its mission.
Official website here: www.veteranspathtohope.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Transitional Living Services Inc has achieved an exceptional score of 100% on Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization has earned high marks across various metrics, including 100% independent board members and an exemplary fiscal responsibility demonstrated by its program expense ratio of 88.54%. This indicates a significant portion of its resources is dedicated directly to its programs, which is a positive sign for potential donors.
The organization is well-governed, with policies in place for conflict of interest and whistleblower protection, showcasing its dedication to ethical standards. The presence of an effective audit and oversight committee further ensures that financial practices are robust and compliant with regulations. The documented board meeting minutes and transparent disclosure of financial statements on its website make it easy for stakeholders to access relevant information.
While the organization shows no reported issues regarding asset diversion and maintains a healthy liabilities-to-assets ratio of 48.32%, ongoing scrutiny and engagement from the community will be essential to uphold its standards. Overall, Transitional Living Services Inc demonstrates a solid foundation for potential growth and continued impact within its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Transitional Living Services Inc legitimate?
Transitional Living Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transitional Living Services 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: $107,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,407,923
For more financial information, click here
Official website here: www.veteranspathtohope.org
What is the mission statement of Transitional Living Services Inc?
Transitional Living Services Inc, through its mission, aims to offer essential support services to veterans in need and their families, enabling them to regain hope and achieve success in their lives. The organization operates a transitional housing program, providing veterans with a 20-bed facility in an undisclosed location. Residents of this program receive necessary assistance to rebuild their lives, including aftercare services and access to an on-site food pantry for comprehensive reintegration.
Official website here: www.veteranspathtohope.org
Who is the CEO of Transitional Living Services Inc?
Laura Franz is the President of Transitional Living Services Inc.
Official website here: www.veteranspathtohope.org
What is the revenue of Transitional Living Services Inc?
Transitional Living Services Inc's revenue in 2022 was $3,724,478.
Official website here: www.veteranspathtohope.org
Who are the executives of Transitional Living Services Inc and what are their salaries?
The average compensation at Transitional Living Services Inc during 2022 was $17,824. There are 85 employees and 11 volunteers at Transitional Living Services Inc.
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Official website here: www.veteranspathtohope.org
Where can I find the form 990 for Transitional Living Services Inc?
Transitional Living Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veteranspathtohope.org
Learn more at the official website: www.veteranspathtohope.org
Mission Statement of Transitional Living Services Inc
Transitional Living Services Inc, abbreviated as TLS Veterans, is committed to extending a helping hand to veterans in distress and their families. Their mission is centered around providing the essential services required for these individuals to regain hope in their lives and work towards achieving success. TLS Veterans operates a transitional housing program named New Horizons, situated in Hebron, IL. This program serves as a sanctuary for homeless veterans, where they reside while receiving the necessary assistance to rebuild their lives. The program goes beyond mere shelter, offering aftercare services and an on-site food pantry to facilitate complete reintegration into society.
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Impact
October, 2024
Transitional Living Services Inc has a profound impact on the lives of veterans and their families in the community. The organization operates New Horizons, a 20-bed transitional housing program located in Hebron, IL, specifically designed for homeless veterans. By offering a safe and supportive environment, TLS enables veterans to begin rebuilding their lives.
Participants in the New Horizons program receive crucial services that cater to their specific needs, empowering them to regain stability and independence. The organization provides aftercare support, ensuring that veterans have ongoing assistance as they transition back into society. The onsite food pantry further alleviates immediate concerns about food security, allowing residents to focus on their long-term goals.
Through its dedicated efforts, Transitional Living Services Inc fosters a sense of hope and purpose among veterans, equipping them with the resources necessary to achieve success and reintegrate fully into their communities.
This information is meant to be a general summary of Transitional Living Services 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: $3,181
- Program Service Revenue: $41,619
- Gross Receipts: $3,744,597
Assets and Liabilities:
- Total Assets: $3,687,780
- Total Liabilities: $1,843,637
- Net Assets: $1,844,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$41,619
Organization Details
Founding Year
1996
Phone
(815) 321-4673Principal Officer
Laura Franz
Main Address
805 S McHenry Ave APT D, Crystal Lake, IL, 60014
Website
www.veteranspathtohope.orgNTEE Category
Code: L20Z - Housing
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