Overview
What is Yakubian Homes Inc?
Yakubian Homes Inc, located in Alton, Illinois, is a nonprofit organization dedicated to providing housing solutions for individuals with serious mental illness. They offer both permanent apartments with subsidies and a six-bed, 24-hour group home. The organization's mission is to help residents realize their full potential by ensuring they have a stable living environment. Yakubian Homes Inc extends support to single adults, providing them with a safe and nurturing space to live and grow.
Official website here: www.wellspringresources.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. This high score indicates that Yakubian Homes Inc demonstrates a strong commitment to accountability and financial health, reflecting positively on its operations and governance structure.
The organization has achieved a perfect score in several key areas, including a fully independent board and effective financial management, with a program expense ratio of over 71%. This suggests that a significant portion of its expenses is directed towards its mission-related programs, enhancing its credibility and effectiveness within the nonprofit sector.
However, while the ratings indicate a well-managed organization, it's essential for potential donors to consider how the charity's specific programs align with their philanthropic goals. The focus on accountability and finance provides a solid foundation, but understanding the impact of its programs would further inform contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Yakubian Homes Inc legitimate?
Yakubian Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yakubian Homes 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: $41,615
For more financial information, click here
Official website here: www.wellspringresources.com
What is the mission statement of Yakubian Homes Inc?
Yakubian Homes Inc's mission is centered around providing permanent housing solutions for single adults dealing with serious mental illness. They offer apartments with subsidies and operate a six-bed, 24-hour group home. The primary objective is to help these residents realize their full potential. The organization provides housing with the aim of making a significant impact in their residents' lives.
Official website here: www.wellspringresources.com
Who is the CEO of Yakubian Homes Inc?
Patricia Fischer is the President of Yakubian Homes Inc.
Official website here: www.wellspringresources.com
What is the revenue of Yakubian Homes Inc?
Yakubian Homes Inc's revenue in 2023 was $186,233.
Official website here: www.wellspringresources.com
Who are the executives of Yakubian Homes Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.wellspringresources.com
Where can I find the form 990 for Yakubian Homes Inc?
Yakubian Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wellspringresources.com
Learn more at the official website: www.wellspringresources.com
Mission Statement of Yakubian Homes Inc
Yakubian Homes Inc, a nonprofit organization, is dedicated to providing permanent housing solutions for single adults who struggle with serious mental illnesses. Their mission is twofold: firstly, they offer apartments equipped with subsidies to accommodate these individuals. Secondly, they operate a six-bed, 24-hour group home. This group home is designed to support residents in realizing their full potential. By offering these housing solutions, Yakubian Homes Inc aims to make a significant impact in the lives of those affected by mental illness, enabling them to live with dignity and independence.
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Impact
October, 2024
Yakubian Homes Inc significantly enhances the quality of life for single adults with serious mental illness in Alton, IL, by providing them with permanent housing solutions. By offering low-income housing options, the organization addresses critical housing needs for this vulnerable population.
Their mission focuses on creating supportive living environments that empower residents to achieve their fullest potential. The provision of subsidized apartments and the operation of a six-bed, 24-hour group home ensures a holistic approach to mental health support. This creates a stable foundation where individuals can thrive, fostering independence and community integration.
Through these efforts, Yakubian Homes Inc not only offers a roof over the heads of those in need but also contributes to their mental and emotional well-being, facilitating personal growth and resilience in the face of challenges associated with serious mental illness.
This information is meant to be a general summary of Yakubian Homes 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 2023.
- Investment Income: $501
- Program Service Revenue: $63,277
- Gross Receipts: $186,233
Assets and Liabilities:
- Total Assets: $1,099,258
- Total Liabilities: $158,137
- Net Assets: $941,121
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$63,277
Organization Details
Founding Year
2000
Phone
(618) 462-2331Principal Officer
Patricia Fischer
Main Address
120 MANOR COURT, ALTON, IL, 62002
Website
www.wellspringresources.comNTEE Category
Code: L21 - Housing
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