Overview
What is The Storehouse Project Inc?
The Storehouse Project Inc, located at 192 Meadow Street, Milford, Connecticut (06461), is a compassionate nonprofit organization dedicated to offering support to individuals facing challenges in meeting their basic needs. This includes essentials such as food, clothing, shelter, and medical assistance. The project also extends beyond these necessities, offering a variety of training opportunities aimed at empowering clients to achieve self-sustainability. The organization's outreach efforts extend into the community, providing information and awareness about the availability of their services at various gathering spots. With a modest team of 2 dedicated individuals, The Storehouse Project Inc strives to serve as a refuge for those in need, providing a comprehensive program of services to help them overcome their hardships.
Official website here: www.cornerstonemilford.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 69%)
The Storehouse Project Inc has received a two-star rating from Charity Navigator, indicating that there are areas for improvement. The organization scores well in certain accountability and finance metrics, such as having an independent board and maintaining a low liabilities to assets ratio. Their program expense ratio is strong at over 89%, suggesting that a significant portion of their funds is directed towards their mission-driven programs.
However, there are significant weaknesses that need to be addressed. The organization received low scores for their conflict of interest policy, whistleblower policy, and document retention practices, which indicates potential gaps in governance and transparency. These areas could raise concerns about organizational integrity and the management of operations.
Overall, while The Storehouse Project Inc shows promise in its program spending and board independence, it must enhance its policies and transparency efforts to improve its overall rating and assure stakeholders of its commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Storehouse Project Inc legitimate?
The Storehouse Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Storehouse Project 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: $147,687
For more financial information, click here
Official website here: www.cornerstonemilford.org
What is the mission statement of The Storehouse Project Inc?
The Storehouse Project Inc, serving as a refuge, offers a comprehensive program of services to individuals facing challenges in meeting basic necessities such as food, clothing, shelter, and medical assistance. Additionally, they provide various training opportunities to aid their clients in achieving self-sustainability. The project's mission is to provide essential resources and educational support, ultimately empowering its beneficiaries to become self-reliant.
Official website here: www.cornerstonemilford.org
Who is the CEO of The Storehouse Project Inc?
Unavailable
Official website here: www.cornerstonemilford.org
What is the revenue of The Storehouse Project Inc?
The Storehouse Project Inc's revenue in 2022 was $476,959.
Official website here: www.cornerstonemilford.org
Who are the executives of The Storehouse Project Inc and what are their salaries?
The average compensation at The Storehouse Project Inc during 2022 was $73,844. There are 2 employees at The Storehouse Project Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cornerstonemilford.org
Where can I find the form 990 for The Storehouse Project Inc?
The Storehouse Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonemilford.org
Learn more at the official website: www.cornerstonemilford.org
Mission Statement of The Storehouse Project Inc
The Storehouse Project (TSP) is established as a sanctuary, offering comprehensive services to individuals grappling with meeting fundamental necessities such as food, clothing, shelter, and medical assistance, among other related resources. Beyond providing essential aid, TSP also offers various training opportunities aimed at empowering its clients to achieve self-sustainability. By offering these extensive services and educational opportunities, TSP aspires to create a supportive environment that enables individuals to overcome their challenges and build a stable future.
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Impact
July, 2024
The impact of The Storehouse Project Inc is evident in the tangible support and resources it provides to individuals experiencing challenges in meeting basic needs such as clothing, food, shelter, and medical assistance. The organization's comprehensive program of services, including the provision of food, hot meals, furniture, and clothing, is aimed at not only meeting immediate needs but also empowering clients towards self-sustainability.
By offering training opportunities and supportive housing, The Storehouse Project Inc plays a crucial role in helping individuals in the community access resources and skills that can lead to long-term stability and independence. Through outreach efforts in various community locations, the organization also raises awareness about the availability of its services, ensuring that those in need are connected with the assistance they require.
This information is meant to be a general summary of The Storehouse Project 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.
- Gross Receipts: $476,959
Assets and Liabilities:
- Total Assets: $84,743
- Total Liabilities: $44,600
- Net Assets: $40,143
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Organization Details
Founding Year
2013
Main Address
192 MEADOW STREET, MILFORD, CT, 06461
Website
www.cornerstonemilford.orgNTEE Category
Code: X21 - Religion related
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