Overview
What is Lake Region Halfway Homes Inc?
Lake Region Halfway Homes Inc, a nonprofit organization situated in Fergus Falls, Minnesota, focuses primarily on providing mental health treatment and serving as a transitional living facility for individuals dealing with chemical dependency issues. Their mission encompasses offering a supportive environment and resources aimed at helping these individuals regain control of their lives and move towards recovery. The organization's work is dedicated to empowering chemically dependent individuals and improving their overall well-being.
Official website here: www.lakeregionhalfwayhomes.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lake Region Halfway Homes Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various operational and financial areas. The organization scored 69% overall, showing strength in its independent board membership and financial management, with a low liabilities to assets ratio, which reflects a stable financial position. However, significant issues were noted, particularly in transparency, as the organization failed to provide financial statements and lacks several key policies.
The composition of the board is entirely independent, which is a positive aspect, but the absence of a conflict of interest policy and whistleblower protections raises concerns about governance practices. Additionally, while the organization has documented board meeting minutes, the lack of publicly accessible financial documents such as tax forms may hinder accountability and public trust.
Despite a commendable program expense ratio of 78.51%, indicating that the majority of expenses are directed towards programs, the overall lack of transparency and missing policies suggest that improvements are needed to bolster the organization’s reputation and effectiveness. Addressing these issues could lead to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Region Halfway Homes Inc legitimate?
Lake Region Halfway Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Halfway Homes 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: $371,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakeregionhalfwayhomes.com
What is the mission statement of Lake Region Halfway Homes Inc?
Lake Region Halfway Homes Inc serves as a rehabilitation center, offering mental health treatment and providing a halfway house for individuals struggling with chemical dependency issues. Their mission is geared towards aiding these individuals in their recovery journey, providing them with the support they need to overcome their addiction and lead healthier lives. The organization's focus is on providing a supportive environment that fosters healing and growth, enabling individuals to regain control of their lives.
Official website here: www.lakeregionhalfwayhomes.com
Who is the CEO of Lake Region Halfway Homes Inc?
Melissa Jensen is the President of Lake Region Halfway Homes Inc.
Official website here: www.lakeregionhalfwayhomes.com
What is the revenue of Lake Region Halfway Homes Inc?
Lake Region Halfway Homes Inc's revenue in 2022 was $554,117.
Official website here: www.lakeregionhalfwayhomes.com
Who are the executives of Lake Region Halfway Homes Inc and what are their salaries?
The average compensation at Lake Region Halfway Homes Inc during 2022 was $19,546. There are 19 employees and 11 volunteers at Lake Region Halfway Homes Inc.
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Official website here: www.lakeregionhalfwayhomes.com
Where can I find the form 990 for Lake Region Halfway Homes Inc?
Lake Region Halfway Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeregionhalfwayhomes.com
Learn more at the official website: www.lakeregionhalfwayhomes.com
Mission Statement of Lake Region Halfway Homes Inc
Lake Region Halfway Homes Inc, a nonprofit organization, is dedicated to providing mental health treatment and serving as a halfway home for individuals struggling with chemical dependency. Situated in Minnesota, this institution offers a unique space for individuals seeking recovery, focusing on their mental health needs as they transition back into society. By offering a supportive environment, Lake Region Halfway Homes aims to empower its residents, helping them overcome their chemical dependency and lead healthy, fulfilling lives.
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Impact
July, 2024
Lake Region Halfway Homes Inc provides crucial support and resources to chemically dependent individuals in Fergus Falls, MN. By offering a halfway home for those in need of mental health treatment, the organization plays a vital role in assisting individuals on their journey towards recovery. Through its services, Lake Region Halfway Homes Inc positively impacts the lives of those struggling with addiction by providing a safe and supportive environment for them to heal and rebuild their lives.
This information is meant to be a general summary of Lake Region Halfway Homes 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: $6
- Program Service Revenue: $522,866
- Gross Receipts: $554,117
Assets and Liabilities:
- Total Assets: $221,352
- Total Liabilities: $13,435
- Net Assets: $207,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIOR PERIOD ADJUSTMENT
ROOM AND BOARD
Revenue
$247,083
TREATMENT REVENUE
Revenue
$275,783
Organization Details
Founding Year
1977
Phone
(218) 739-9084Principal Officer
Melissa Jensen
Main Address
217 N UNION AVE, FERGUS FALLS, MN, 56537
NTEE Category
Code: F34Z - Mental health
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