Overview
What is Resident Advancement Inc?
Resident Advancement Inc, located at 411 S LEROY ST, FENTON, MI 48430, is a dedicated nonprofit organization. Their primary mission is to offer or facilitate services and programs catering to physically and mentally challenged or disabled individuals and the elderly, either in a corporate facility or their personal homes. With a workforce of 239 employees, this organization strives to improve the quality of life for these individuals, ensuring they receive the necessary care and support they require.
What are the reviews and ratings of this charity?
Charity Navigator gives Resident Advancement Inc a rating of 79%, translating to a Three-Star out of Four Star rating. This score indicates a solid level of accountability and financial health, but highlights that there has been no evaluation of other critical aspects such as leadership, community culture, or measurable impact. This limited assessment suggests that while the charity is managing its finances well, there may be additional areas requiring attention or improvement.
The organization has been noted for its strong financial metrics, including an impressive program expense ratio of 88.12% and low liabilities to assets ratio. They have established necessary policies for conflict of interest and whistleblowing, which supports their organizational transparency. However, the absence of the tax form on their website is a point of concern, as it limits access to important financial information for stakeholders.
User reviews from GreatNonprofits were not available for this organization, so feedback from the general public regarding its impact and services could not be included. Overall, the nonprofit shows potential through its financial practices, but further transparency and additional metrics for evaluation would strengthen its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Resident Advancement Inc legitimate?
Resident Advancement Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resident Advancement 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: $5,656,218
For more financial information, click here
What is the mission statement of Resident Advancement Inc?
Resident Advancement Inc is committed to offering or facilitating services and programs for individuals facing physical, mental challenges, or aging, including the elderly. Their mission is to ensure the provision of such support within a corporate facility or a personal home. The organization's objective is to enhance the lives of these individuals, promoting their well-being and overall quality of life. They strive to create an inclusive environment where these individuals can thrive and receive the care they need.
Who is the CEO of Resident Advancement Inc?
Beth Mays is the Board Mber/P of Resident Advancement Inc.
What is the revenue of Resident Advancement Inc?
Resident Advancement Inc's revenue in 2022 was $7,662,027.
Who are the executives of Resident Advancement Inc and what are their salaries?
The average compensation at Resident Advancement Inc during 2022 was $23,666. There are 239 employees at Resident Advancement Inc.
Here are 5 key members and their salaries:
- Compensation: $165,742
- Related: $0
- Other: $0
- Compensation: $122,556
- 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 Resident Advancement Inc?
Resident Advancement Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Resident Advancement Inc
Resident Advancement Inc is committed to providing and facilitating the delivery of services and programs for individuals who are physically or mentally challenged, disabled, or elderly. This organization's mission is to ensure that these individuals receive the care they need, either in a corporate facility or in the comfort of their personal homes. By offering these services, Resident Advancement Inc aims to enhance the quality of life for these individuals, providing them with the necessary support to lead fulfilling lives. The organization's work is multifaceted, encompassing various services and programs tailored to meet the unique needs of each individual.
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Impact
July, 2024
Resident Advancement Inc positively impacts the lives of physically and/or mentally challenged individuals and the elderly by providing or facilitating services and programs in corporate facilities or personal homes. Their mission is centered around improving the well-being and quality of life for this vulnerable population. Through their dedicated efforts in Fenton, MI, Resident Advancement Inc plays a crucial role in supporting human services and fostering a more inclusive and supportive community for those in need.
This information is meant to be a general summary of Resident Advancement 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: $26,635
- Program Service Revenue: $7,635,392
- Gross Receipts: $7,662,027
Assets and Liabilities:
- Total Assets: $2,985,554
- Total Liabilities: $340,282
- Net Assets: $2,645,272
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$7,635,392
Organization Details
Founding Year
1989
Phone
(810) 750-0382Principal Officer
Beth Mays
Main Address
411 S LEROY ST, FENTON, MI, 48430
NTEE Category
Code: P73Z - Human services
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