Overview
What is Porchlight Inc?
Porchlight Inc is a nonprofit organization located in Madison, Wisconsin, dedicated to serving the housing and related needs of homeless, low-income, or mentally and physically disabled individuals. With a workforce of 106 employees, Porchlight Inc offers over 370 affordable housing units across 26 Madison-area locations. Their housing programs cater to specific client needs, providing case management services, budgeting assistance, apartment maintenance support, and employment training skills. Through Porchlight Housing, residents can establish crucial housing and credit references, contributing to future housing opportunities. In 2022, Porchlight Inc served 485 men, women, and children, striving to decrease the homeless population and foster independence towards permanent housing and employment.
Official website here: www.porchlightinc.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 100% (Four-Star out of Four Stars)**
Porchlight Inc. has received a stellar Four-Star rating from Charity Navigator, reflecting its exceptional performance in Accountability & Finance with a perfect score. This rating highlights the organization’s robust financial practices, including a high program expense ratio of 87.85%, which indicates a strong commitment to directing funds towards its mission and services rather than administrative costs. Additionally, the organization has maintained transparency with an independent board and established policies for conflict of interest, whistleblower protection, and document retention.
Strengths noted in the evaluation include the independence of its board members, with all 19 being independent, and thorough oversight measures. The lack of reported asset diversion and a favorable liabilities-to-assets ratio further solidify the organization’s financial health. However, it's important to acknowledge that Porchlight Inc. could not be assessed for its impact, leadership, or cultural adaptability using the available metrics provided by Charity Navigator, which limits a comprehensive understanding of its effectiveness and community engagement.
User reviews from GreatNonprofits could not be fetched at this time, so there is no additional feedback to provide on public sentiment regarding Porchlight Inc. Overall, the organization stands out in terms of accountability and financial integrity but may need to enhance its impact measurement frameworks to capture its full effectiveness and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Porchlight Inc legitimate?
Porchlight Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porchlight 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: $230,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,042,862
For more financial information, click here
Official website here: www.porchlightinc.org
What is the mission statement of Porchlight Inc?
Porchlight Inc's mission is centered around addressing the housing needs of individuals who are homeless, low-income, or have mental or physical disabilities. The organization aims to decrease the homeless population by providing shelter, supportive services, and fostering a sense of community. Porchlight Inc offers emergency shelter, food, employment services, counseling, and affordable transitional and permanent housing. Their services are designed to empower residents and program participants to gain independence and transition into permanent housing and employment. Porchlight Inc, being the largest supplier of low-cost housing in the Dane County area, serves a diverse population, including men, women, veterans, adults in recovery from substance abuse, and low-income families with children, providing over 100,000 nights of shelter. The organization operates under the belief that it provides a helping hand, not a handout, offering a second chance and hope for a better future.
Official website here: www.porchlightinc.org
Who is the CEO of Porchlight Inc?
Karla Thennes is the President of Porchlight Inc.
Official website here: www.porchlightinc.org
What is the revenue of Porchlight Inc?
Porchlight Inc's revenue in 2022 was $8,459,423.
Official website here: www.porchlightinc.org
Who are the executives of Porchlight Inc and what are their salaries?
The average compensation at Porchlight Inc during 2022 was $21,450. There are 106 employees and 600 volunteers at Porchlight Inc.
Here are 21 key members and their salaries:
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- Compensation: $105,740
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- Compensation: $77,827
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- Other: $19,643
Official website here: www.porchlightinc.org
Where can I find the form 990 for Porchlight Inc?
Porchlight Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.porchlightinc.org
Learn more at the official website: www.porchlightinc.org
Mission Statement of Porchlight Inc
Porchlight Inc, a nonprofit organization, is committed to serving the housing and related needs of homeless, low-income, or mentally or physically disabled individuals. The mission of Porchlight Inc is to decrease the homeless population by providing shelter, housing, supportive services, and a sense of community in ways that empower residents and program participants to positively shape their lives. The organization offers emergency shelter, food, employment services, counseling, and affordable transitional and permanent housing to homeless people in the Dane County area. Porchlight Inc's services are designed to foster independence and the transition into permanent housing and employment.
Porchlight Inc, as the largest supplier of low-cost housing in Dane County, provides shelter and services to various populations, including men suffering from serious mental illnesses, veterans, adults in recovery from alcohol and/or drug addictions, and low-income women, men, and children. The organization offers over 100,000 nights of shelter annually, providing a helping hand, not a handout, and a second chance to those in need. Porchlight Inc's mission is not just about providing temporary solutions but empowering individuals to take control of their lives and transition into permanent housing and employment, offering hope and opportunity.
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Impact
July, 2024
Porchlight Inc has a significant impact on the housing and related needs of homeless, low-income, or mentally or physically disabled individuals in the Madison area. By offering over 370 units of affordable housing at 26 locations, Porchlight provides a vital service to families and individuals on a transitional or permanent basis. The organization's housing programs are specifically designed to address the unique needs of each client, offering services such as case management, budgeting assistance, apartment maintenance support, and employment training skills.
In 2022, Porchlight Housing served 485 men, women, and children, contributing to the overall goal of decreasing the homeless population by providing shelter, housing, supportive services, and a sense of community. Through its comprehensive approach, Porchlight empowers residents and program participants to positively shape their lives, fostering independence and supporting the transition into permanent housing and employment.
As the largest supplier of low-cost housing in Dane County, Porchlight plays a crucial role in providing emergency shelter, food, employment services, counseling, and affordable transitional and permanent housing to those in need. Their commitment to offering a helping hand, not a handout, a second chance, a warm bed, hope, and opportunity underscores the transformative impact of their work on the community.
This information is meant to be a general summary of Porchlight 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: $126,855
- Program Service Revenue: $1,752,825
- Gross Receipts: $8,491,414
Assets and Liabilities:
- Total Assets: $21,605,927
- Total Liabilities: $4,744,548
- Net Assets: $16,861,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING REVENUE
Revenue
$1,118,378
BROOKS STREET REVENUE
Revenue
$571,183
SAFE HAVEN REVENUE
Revenue
$63,264
Organization Details
Founding Year
1987
Phone
(608) 257-2534Principal Officer
Karla Thennes
Main Address
306 N BROOKS ST, MADISON, WI, 53715
Website
www.porchlightinc.orgNTEE Category
Code: L41 - Housing
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