Overview
What is Carepoint Health Foundation Inc?
Carepoint Health Foundation Inc, based in Jersey City, New Jersey, is a nonprofit organization dedicated to enhancing healthcare access for underserved individuals in Hudson County. With a workforce of three employees, the foundation generates charitable funds and strategically distributes grants to support programs and services that align with its mission. These initiatives aim to improve health, wellness, health education, and the education of future healthcare professionals for residents in the area. The organization offers outpatient therapy, partial hospital programs, emergency services, and psychiatric emergency services, addressing various mental health needs in the community.
Official website here: www.carepointhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Carepoint Health Foundation Inc received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The 81% score is primarily driven by exemplary performance in several areas of governance, including a fully independent board and strong oversight practices. The charity demonstrates transparency with well-documented policies for conflict of interest, whistleblowing, and document retention.
The organization's program expense ratio is commendable at nearly 90%, indicating that a significant portion of funds is directed towards its programs rather than administrative costs. This is a positive sign for potential donors who value efficient fund allocation. However, the foundation has been noted to have a liability-to-assets ratio of 71.48%, which was a point of concern in the rating process.
Overall, Carepoint Health Foundation shows strengths in governance and financial practices, positioning itself as a trustworthy option for donors. Nonetheless, the high ratio of liabilities may require attention to ensure the organization's financial stability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Carepoint Health Foundation Inc legitimate?
Carepoint Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carepoint Health Foundation 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: $391,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $192,570
For more financial information, click here
Official website here: www.carepointhealth.org
What is the mission statement of Carepoint Health Foundation Inc?
The Carepoint Health Foundation Inc was established with the mission to enhance healthcare access for the underprivileged and underinsured residents of Hudson County, New Jersey. They achieve this by raising charitable funds and making strategic grants to support programs and services that advance their mission. These initiatives focus on improving access to health, wellness, health education, and the education of future healthcare professionals. The foundation's goal is to bolster the healthcare infrastructure in the community, ensuring equitable healthcare opportunities for all.
Official website here: www.carepointhealth.org
What is the revenue of Carepoint Health Foundation Inc?
Carepoint Health Foundation Inc's revenue in 2023 was $5,699,253.
Official website here: www.carepointhealth.org
Who are the executives of Carepoint Health Foundation Inc and what are their salaries?
The average compensation at Carepoint Health Foundation Inc during 2023 was $194,745. There are 3 employees and 11 volunteers at Carepoint Health Foundation Inc.
Here are 12 key members and their salaries:
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- Compensation: $353,633
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- Other: $38,032
Official website here: www.carepointhealth.org
Where can I find the form 990 for Carepoint Health Foundation Inc?
Carepoint Health Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carepointhealth.org
Learn more at the official website: www.carepointhealth.org
Mission Statement of Carepoint Health Foundation Inc
Carepoint Health Foundation Inc, established with a noble mission, aims to enhance access to healthcare for the uninsured and underinsured residents of Hudson County, New Jersey. The foundation serves as a catalyst, generating charitable funds and strategically distributing grants to bolster programs and services that align with its mission. These initiatives are designed to enhance health, wellness, health education, and future healthcare professional's education for the community's residents. By doing so, Carepoint Health Foundation Inc strives to improve the overall health landscape, ensuring that everyone, regardless of their insurance status, has equal opportunities to access essential healthcare services.
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Impact
July, 2024
Carepoint Health Foundation Inc strengthens access to care for the uninsured and underinsured residents of Hudson County, New Jersey. Through charitable donations and strategic grants, the foundation supports programs and services that improve health, wellness, health education, and future health professionals' education in the community. Specifically, the outpatient department program at Hoboken University Medical Center offers a range of counseling and therapy services, while the partial hospital program provides treatment for individuals with psychiatric disorders. Additionally, the foundation's affiliated emergency services provide immediate help for those in crisis. Overall, Carepoint Health Foundation Inc plays a vital role in enhancing healthcare access and mental health services for vulnerable populations in Hudson County.
This information is meant to be a general summary of Carepoint Health Foundation 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 2023.
- Investment Income: $18,673
- Gross Receipts: $5,707,871
Assets and Liabilities:
- Total Assets: $3,298,480
- Total Liabilities: $2,357,952
- Net Assets: $940,528
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Organization Details
Founding Year
2011
Principal Officer
Paula Nevoso
Website
www.carepointhealth.orgNTEE Category
Code: E32 - Health
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