Overview
What is Community Health And Wellness Holdings Inc?
Community Health and Wellness Holdings Inc is a supporting organization, established for the sole benefit of the Community Health and Wellness Center of Greater Torrington Inc. Located at 469 Migeon Avenue, Torrington, CT 06790, this nonprofit entity manages the facilities where the center operates, leasing them to the center itself. The primary mission of Community Health and Wellness Holdings Inc is to assist the Community Health and Wellness Center in its operations, ensuring the center can deliver essential healthcare and wellness services to the community.
Official website here: www.chwctorr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Community Health And Wellness Holdings Inc has received an 80% rating from Charity Navigator, reflecting a solid level of accountability and financial health based on their assessment. This score is derived entirely from their Accountability & Finance metrics, indicating a strong commitment to ethical practices and transparency.
The organization boasts a fully independent board, with all 10 members being independent, which enhances governance and reduces potential conflicts of interest. Key policies such as conflict of interest, whistleblower, and document retention are all in place, further supporting the integrity of the organization. Additionally, they show a healthy liabilities to assets ratio of 22.47%, demonstrating prudent financial management.
However, the program expense ratio is relatively low at 56.75%, raising some concerns about the proportion of funds allocated directly to programs versus administrative costs. While the organization excels in accountability and finance, potential donors may want to consider this aspect when evaluating the impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Community Health And Wellness Holdings Inc legitimate?
Community Health And Wellness Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Health And Wellness Holdings 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: $0
For more financial information, click here
Official website here: www.chwctorr.org
What is the mission statement of Community Health And Wellness Holdings Inc?
Community Health and Wellness Holdings Inc serves as a supporting organization, solely benefiting the Community Health and Wellness Center of Greater Torrington Inc. Its mission is to contribute to the center's operations by owning the facilities where it operates and leasing them back to the center, thereby aiding in its mission to serve the community's health and wellness needs. The organization's role is instrumental in ensuring the center has the necessary infrastructure to deliver its services effectively.
Official website here: www.chwctorr.org
Who is the CEO of Community Health And Wellness Holdings Inc?
Joaane Borduas is the CEO of Community Health And Wellness Holdings Inc The CEO's salary of Community Health And Wellness Holdings Inc is $0 and their total compensation is $223,760.
Official website here: www.chwctorr.org
What is the revenue of Community Health And Wellness Holdings Inc?
Community Health And Wellness Holdings Inc's revenue in 2023 was $87,406.
Official website here: www.chwctorr.org
Who are the executives of Community Health And Wellness Holdings Inc and what are their salaries?
There 4 volunteers at Community Health And Wellness Holdings Inc.
Here are 6 key members and their salaries (Community Health And Wellness Holdings Inc's CEO's salary is $0 and their total compensation is $223,760):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $169,992
- Other: $2,046
- Compensation: $0
- Related: $221,731
- Other: $2,029
Official website here: www.chwctorr.org
Where can I find the form 990 for Community Health And Wellness Holdings Inc?
Community Health And Wellness Holdings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chwctorr.org
Learn more at the official website: www.chwctorr.org
Mission Statement of Community Health And Wellness Holdings Inc
Community Health and Wellness Holdings Inc serves as a supportive organization, primarily benefiting the Community Health and Wellness Center of Greater Torrington Inc. Its mission is to provide resources and facilities for this center's operation, with the ultimate goal of contributing positively to the community's health and wellness. By owning the facilities and leasing them to the center, Community Health and Wellness Holdings Inc plays a crucial role in ensuring the center's success and the well-being of those it serves. The organization's actions are geared towards supporting the mission and activities of the Community Health and Wellness Center of Greater Torrington Inc, contributing to a healthier and more vibrant community.
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Impact
October, 2024
Community Health And Wellness Holdings Inc significantly impacts the community by providing crucial support to the Community Health and Wellness Center of Greater Torrington. By owning and leasing the facilities where the center operates, it ensures that essential health and wellness services are accessible to the local population. This support enhances the center's ability to deliver a wide range of health services, contributing to the overall well-being of residents in Torrington, CT.
Through this arrangement, Community Health And Wellness Holdings Inc plays a vital role in the operational stability of the center, allowing it to focus on fulfilling its mission of promoting community health. The organization's presence bolsters the infrastructure necessary for effective healthcare delivery, making it an essential part of the community's health ecosystem. Ultimately, its contributions lead to improved health outcomes and a stronger, healthier community.
This information is meant to be a general summary of Community Health And Wellness Holdings 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: $925
- Gross Receipts: $87,406
Assets and Liabilities:
- Total Assets: $11,513,270
- Total Liabilities: $2,587,109
- Net Assets: $8,926,161
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Organization Details
Founding Year
2012
Principal Officer
Joanne Borduas
Website
www.chwctorr.orgNTEE Category
Code: E11 - Health
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