Overview
What is Rosaria Comm In Olney Inc?
Rosaria Comm In Olney Inc is a nonprofit organization situated in Derwood, Maryland, specifically at 15400 Calhoun Drive Suite 125. Their primary focus is on renovating and operating a group home for individuals with developmental disabilities, providing them with a suitable living environment. The organization's mission is deeply rooted in supporting these individuals, ensuring they receive the care and assistance they require to live comfortably and independently.
Official website here: www.facebook.com/rosariacommunities
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Rosaria Comm In Olney Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 86%. This score reflects an emphasis on Accountability and Finance, showcasing the organization’s commitment to transparency and responsible resource management. The charity excels in several areas, including having a fully independent board with all ten members meeting the criteria for independence, and it has implemented key policies such as conflict of interest and whistleblower protections.
Strengths include a high Program Expense Ratio of 73.73%, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated good practices by maintaining detailed records of board meeting minutes and by having a documented policy for data retention and destruction. These factors contribute positively to its accountability measures.
However, the Liabilities to Assets Ratio is noted at 65.20%, which may suggest a higher level of liabilities compared to assets, potentially raising concerns about financial stability. While the organization’s accountability measures are commendable, this ratio indicates that there are areas for improvement in financial management to ensure long-term sustainability. Overall, Rosaria Comm In Olney Inc shows a strong commitment to ethical practices, though careful monitoring of its financial health is recommended.
This AI summary has been generated from information found on Charity Navigator.
Is Rosaria Comm In Olney Inc legitimate?
Rosaria Comm In Olney Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rosaria Comm In Olney 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: $1,642
For more financial information, click here
Official website here: www.facebook.com/rosariacommunities
What is the mission statement of Rosaria Comm In Olney Inc?
Rosaria Comm In Olney Inc is committed to renovating and operating a group home, providing a supportive environment for individuals with developmental disabilities. Their mission is centered around enhancing the living conditions and promoting the well-being of these individuals, offering them a place where they can thrive. The organization focuses on providing a nurturing and inclusive atmosphere, fostering their personal growth and independence. By renovating and operating the group home, Rosaria Comm In Olney Inc aims to contribute to the betterment of these individuals' lives, ensuring they receive the care and attention they need.
Official website here: www.facebook.com/rosariacommunities
Who is the CEO of Rosaria Comm In Olney Inc?
Thomas F Welch Jr is the Director of Rosaria Comm In Olney Inc.
Official website here: www.facebook.com/rosariacommunities
What is the revenue of Rosaria Comm In Olney Inc?
Rosaria Comm In Olney Inc's revenue in 2022 was $45,675.
Official website here: www.facebook.com/rosariacommunities
Who are the executives of Rosaria Comm In Olney Inc and what are their salaries?
There 2 volunteers at Rosaria Comm In Olney Inc.
Here are 10 key members and their salaries:
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Official website here: www.facebook.com/rosariacommunities
Where can I find the form 990 for Rosaria Comm In Olney Inc?
Rosaria Comm In Olney Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facebook.com/rosariacommunities
Learn more at the official website: www.facebook.com/rosariacommunities
Mission Statement of Rosaria Comm In Olney Inc
Rosaria Comm In Olney Inc is committed to renovating and operating a group home for individuals with developmental disabilities. This nonprofit organization's mission focuses on providing a supportive environment for these individuals, ensuring they have the necessary care and resources to live comfortably and independently. By renovating and operating the group home, Rosaria Comm In Olney Inc aims to contribute to the overall well-being and quality of life for individuals with developmental disabilities, providing them with a safe and comfortable living space. The organization's mission is essential in promoting inclusivity and empowering these individuals, enabling them to lead fulfilling lives and reach their full potential.
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Impact
August, 2024
Rosaria Comm In Olney Inc's impact lies in the renovation and operation of a group home for developmentally disabled individuals. Their mission focuses on providing a supportive and safe living environment for this vulnerable population in Derwood, MD. Through their efforts, they contribute to enhancing the quality of life and promoting inclusivity for individuals with developmental disabilities in the community.
This information is meant to be a general summary of Rosaria Comm In Olney 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: $3
- Program Service Revenue: $18,820
- Gross Receipts: $45,675
Assets and Liabilities:
- Total Assets: $451,100
- Total Liabilities: $280,313
- Net Assets: $170,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP HOME-DISABLED PERSONS
Revenue
$18,820
Organization Details
Founding Year
2013
Phone
(301) 279-2020Principal Officer
Thomas F Welch Jr
Main Address
15400 CALHOUN DRIVE SUITE 125, DERWOOD, MD, 20855
NTEE Category
Code: X00 - Religion related
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