Overview
What is Residential Alternatives Inc?
Residential Alternatives Inc, situated in Highland, Michigan, is a nonprofit organization dedicated to supporting developmentally disabled adults. Operating out of four licensed adult foster care homes, they provide education and rehabilitative training to help these individuals enhance their skills and live more independently. With a team of 55 dedicated professionals, their mission is to empower these adults and improve their quality of life. They offer a comprehensive approach, focusing on their cognitive, social, and vocational development.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Residential Alternatives Inc has achieved a strong 94% score, reflecting its commitment to accountability and financial transparency. This rating is notable as it is based entirely on the Accountability & Finance beacon, indicating that the organization prioritizes responsible management of its resources. An impressive aspect of their governance is the presence of a fully independent board, which enhances decision-making integrity.
The organization scored exceptionally well across several metrics, including a perfect score for financial oversight and the absence of any material diversion of assets. Their strong program expense ratio of 87.98% suggests that a significant portion of their funds is dedicated to direct program services, aligning with best practices for nonprofit financial management. Transparency in policies, such as conflict of interest and whistleblower protections, further strengthens their accountability framework.
While the data reflects a high level of organizational effectiveness, no specific feedback from users or beneficiaries is included to provide a comprehensive view of their programs' impact. Overall, Residential Alternatives Inc demonstrates robust financial health and governance, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Alternatives Inc legitimate?
Residential Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Alternatives 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: $119,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Residential Alternatives Inc?
Residential Alternatives Inc is committed to providing educational and rehabilitative training for adults with developmental disabilities. They achieve this objective through the operation of four licensed adult foster care homes. The organization's primary focus is on empowering these individuals to lead fulfilling lives by offering them the necessary skills and resources for personal growth. By providing a nurturing and supportive environment, Residential Alternatives Inc enables its residents to develop their abilities and become more independent. The organization's mission is to contribute positively to the lives of developmentally disabled adults, fostering their overall well-being and promoting their integration into society.
Who is the CEO of Residential Alternatives Inc?
Renee Ostrom is the Ex. Director of Residential Alternatives Inc.
What is the revenue of Residential Alternatives Inc?
Residential Alternatives Inc's revenue in 2022 was $2,112,052.
Who are the executives of Residential Alternatives Inc and what are their salaries?
The average compensation at Residential Alternatives Inc during 2022 was $2,166. There are 55 employees at Residential Alternatives Inc.
Here are 4 key members and their salaries:
- Compensation: $91,095
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Residential Alternatives Inc?
Residential Alternatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Residential Alternatives Inc
Residential Alternatives Inc, a nonprofit organization, is committed to providing educational and rehabilitative training to adults who have developmental disabilities. This is achieved through the operation of four licensed adult foster care homes. The mission of Residential Alternatives Inc is to foster an environment that empowers these individuals, helping them to reach their full potential and lead fulfilling lives. By offering tailored education and rehabilitative programs, the organization aims to equip these adults with the necessary skills to navigate their daily lives with confidence and independence. This approach allows them to contribute positively to their communities and lead meaningful lives.
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Impact
July, 2024
Residential Alternatives Inc's impact is significant in providing educational and rehabilitative training to developmentally disabled adults in four licensed adult foster care homes in Highland, MI. This organization plays a crucial role in offering home care for the developmentally disabled, specifically focusing on education and training to enhance the lives of this vulnerable population. Through their mission of providing these essential services, Residential Alternatives Inc positively impacts the lives of developmentally disabled adults and promotes their well-being and independence.
This information is meant to be a general summary of Residential Alternatives 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: $20
- Program Service Revenue: $2,112,032
- Gross Receipts: $2,112,052
Assets and Liabilities:
- Total Assets: $1,028,003
- Total Liabilities: $79,470
- Net Assets: $948,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES CONTRACTS FROM GOVT AGENCIES
Revenue
$2,112,032
Organization Details
Founding Year
1980
Phone
(248) 369-8936Principal Officer
Renee Ostrom
Main Address
PO BOX 709, HIGHLAND, MI, 48357
NTEE Category
Code: P73Z - Human services
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