Overview
What is Ladder Inc?
Ladder Inc, formally known as Ladder Homes, is a faith-based nonprofit organization established in 1990. Its primary mission is to offer affordable housing and essential support to adults dealing with mental illness. The organization aims to create a secure, inclusive, and supportive environment where residents can foster growth, gain empowerment, and ultimately achieve independence. With a modest team of 2 employees in 2022, Ladder Inc managed four-plex apartment buildings and three houses, providing shelter and assistance to a total of 27 individuals. Their values reflect a commitment to bridging the gap between adult foster care homes and fully independent living.
Official website here: www.ladderhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Ladder Inc has received a score of 84% from Charity Navigator, indicating a solid level of accountability and financial health. The rating is derived entirely from its Accountability & Finance score, which reflects the organization’s practices in governance and financial oversight. The charity boasts an entirely independent board of directors, demonstrating a commitment to transparency and good governance.
Strengths highlighted in the evaluation include the charity's strong financial management, with a program expense ratio of 72.38%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, there are no reported issues regarding material diversion of assets, and the organization maintains adequate financial documentation practices, which are critical for donor trust.
However, the review also notes some areas for improvement, particularly regarding the absence of certain policies, such as a conflict of interest policy and a whistleblower policy, which could enhance organizational integrity and accountability. These gaps suggest that while Ladder Inc is performing well in many respects, developing comprehensive governance policies would further strengthen its operations and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ladder Inc legitimate?
Ladder Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ladder 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: $55,086
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,430
For more financial information, click here
Official website here: www.ladderhomes.org
What is the mission statement of Ladder Inc?
Ladder Inc, a faith-based non-profit established in 1990, is committed to bridging the gap between adult foster care homes and independent living. Its primary mission is to provide affordable housing and support for adults struggling with mental illness. The organization strives to create a safe, inclusive, and supportive environment where residents can thrive, gain empowerment, and work towards independence. As of 2022, Ladder Inc manages various properties, including four-plex apartment buildings and houses, housing 27 individuals with mental illness. The organization's values revolve around nurturing and empowering these adults to lead fulfilling lives.
Official website here: www.ladderhomes.org
Who is the CEO of Ladder Inc?
Robert Angeli is the Exec.Dir. of Ladder Inc.
Official website here: www.ladderhomes.org
What is the revenue of Ladder Inc?
Ladder Inc's revenue in 2022 was $514,352.
Official website here: www.ladderhomes.org
Who are the executives of Ladder Inc and what are their salaries?
The average compensation at Ladder Inc during 2022 was $31,758. There are 2 employees and 25 volunteers at Ladder Inc.
Here are 8 key members and their salaries:
- Compensation: $55,086
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- Other: $0
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Official website here: www.ladderhomes.org
Where can I find the form 990 for Ladder Inc?
Ladder Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ladderhomes.org
Learn more at the official website: www.ladderhomes.org
Mission Statement of Ladder Inc
Ladder Inc, a faith-based non-profit established in 1990, is committed to bridging the gap between adult foster care homes and independent living. Their mission is centered around providing affordable housing and support for adults battling mental illness. The organization aims to create a safe, inclusive, and supportive environment where these individuals can thrive, gain empowerment, and work towards independence. Ladder Inc's mission is grounded in the belief that every resident deserves to live with dignity and respect, and the organization strives to facilitate this through its housing and support services. During 2022, Ladder Inc provided shelter and assistance to 27 adults with mental illness, managing two 4-plex apartment buildings and three houses as part of its housing portfolio.
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Impact
July, 2024
Ladder Inc's impact is significant as it provides affordable housing and crucial support for adults with mental illness. The organization's mission is to create a safe, inclusive, and supportive environment for its residents to thrive, be empowered, and gain independence. By offering housing and support to 27 adults with mental illness through its owned apartment buildings and houses, Ladder Inc is bridging the gap between adult foster care homes and independent living. This initiative is not only improving the quality of life for those individuals but also contributing towards building a more supportive and inclusive community.
This information is meant to be a general summary of Ladder 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: $875
- Program Service Revenue: $132,438
- Gross Receipts: $514,352
Assets and Liabilities:
- Total Assets: $1,039,866
- Total Liabilities: $287,780
- Net Assets: $752,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$132,438
Organization Details
Founding Year
1990
Phone
(616) 510-1262Principal Officer
Robert Angeli
Main Address
PO BOX 1021, HOLLAND, MI, 494221021
Website
www.ladderhomes.orgNTEE Category
Code: P80Z - Human services
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