Overview
What is Restorers Inc?
Restorers Inc is a small, nonprofit organization situated in Grand Rapids, Michigan. With just two employees, they are dedicated to making a significant impact in the Madison Hall neighborhood. Their mission is to foster long-term, positive changes for the community's individuals and families, ultimately aiming to enhance the quality of life experienced by residents. To achieve this, they have implemented a scholarship program to support ten community members in pursuing further education. Beyond education, Restorers Inc seems to focus on overall community development, working towards improving the living conditions and opportunities for those residing in the Madison Hall neighborhood.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
Restorers Inc has received a One-Star rating from Charity Navigator, indicating significant concerns about its financial accountability and transparency. The overall score is based entirely on the Accountability & Finance beacon, where the charity achieved a score of 54%. Notably, it has an independent board with 85% of its members being independent, which reflects positively on governance practices.
Strengths of Restorers Inc include having a clear conflict of interest policy, a whistleblower policy, and a document retention policy, all of which are in place and scored well. Additionally, the organization has no reported material diversion of assets, ensuring that funds are managed appropriately. However, the charity's low score in the program expense ratio (45.75%) raises questions about its effectiveness in allocating resources towards its mission.
A critical limitation is the absence of the organization's tax form on its website, which negatively impacted its score. Furthermore, the liabilities to assets ratio is recorded at 0.00%, indicating potential financial inefficiencies or a lack of assets. Overall, while there are strong governance practices in place, the organization needs to improve its financial transparency and programmatic spending to enhance its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Restorers Inc legitimate?
Restorers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restorers 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: $10,770
For more financial information, click here
What is the mission statement of Restorers Inc?
Restorers Inc, as an organization, is committed to promoting long-term positive changes for individuals and families in their community. Their mission is to enhance the quality of life for residents, specifically in the Madison Hall neighborhood of Grand Rapids. They achieve this by implementing various programs, one of which is a scholarship program to support the education of 10 community members. While the provided information is limited, it's clear that Restorers Inc is dedicated to fostering a better living environment for their community members.
Who is the CEO of Restorers Inc?
Patrick Duff is the President of Restorers Inc.
What is the revenue of Restorers Inc?
Restorers Inc's revenue in 2020 was $47,542.
Who are the executives of Restorers Inc and what are their salaries?
The average compensation at Restorers Inc during 2020 was $5,385. There are 2 employees at Restorers Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Restorers Inc?
Restorers Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Restorers Inc
Restorers Inc, a nonprofit organization, is dedicated to promoting long-term positive changes for individuals and families residing in the Madison Hall neighborhood of Grand Rapids. Their mission is to enhance the quality of life for these residents by fostering a environment where greater levels of well-being can be experienced. To achieve this goal, Restorers Inc has implemented various initiatives, one of which is an educational scholarship program that enables 10 community members to pursue further education. However, the information provided does not detail any other programs or activities undertaken by Restorers Inc to fulfill its mission.
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Impact
October, 2024
Restorers Inc has made a significant impact in the Madison Hall neighborhood of Grand Rapids by promoting long-term positive changes for individuals and families. Through its initiatives, the organization enhances the quality of life for residents, addressing fundamental needs and providing opportunities for growth and development. One of the key programs offered is a scholarship program that empowers community members by providing access to further education, enabling them to pursue their academic and career goals. This commitment to education fosters personal and professional growth, creating a ripple effect that benefits the entire community. Additionally, Restorers Inc focuses on housing and related support services, ensuring that residents have stable living conditions, which is essential for fostering a thriving environment. Overall, the organization's efforts contribute to a stronger, more resilient community in Grand Rapids.
This information is meant to be a general summary of Restorers 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 2020.
- Investment Income: $11,543
- Gross Receipts: $47,542
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1998
Principal Officer
Patrick Duff
Main Address
1413 MADISON SE, Grand Rapids, MI, 49507
NTEE Category
Code: L20 - Housing
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