Overview
What is Ascension Homes Inc?
Ascension Homes Inc is a nonprofit organization based in Baltimore, Maryland. The organization, funded by the U.S. Department of Housing and Urban Development (HUD), specializes in providing affordable housing for senior citizens and individuals with chronic mental illnesses. Regulated by HUD, Ascension Homes operates three group homes, consisting of 20 units in total. Their mission is to offer a supportive living environment for adults struggling with mental health issues, ensuring they have access to affordable housing and necessary care.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 65%, Two-Star out of Four Star rating.
Ascension Homes Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The score is derived entirely from its performance in the Accountability & Finance beacon. While the organization demonstrates strong governance with an independent board and no material asset diversion, the absence of a whistleblower policy and document retention policy raises red flags.
One of the organization's strengths is its high program expense ratio, which at 90.21% indicates a significant portion of its expenditures is directed towards its mission. Additionally, the board is composed of a majority of independent members, which reflects a commitment to good governance. However, the liabilities to assets ratio of 186.95% suggests potential financial vulnerabilities that may affect its long-term stability.
In summary, while Ascension Homes Inc shows positive aspects in governance and program spending, its overall Two-Star rating highlights areas needing improvement, particularly in policy implementation and financial management, which may impact donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ascension Homes Inc legitimate?
Ascension Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascension 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ascension Homes Inc?
Ascension Homes Inc is committed to providing affordable housing for adults living with chronic mental illnesses. This organization operates housing facilities and abides by regulations set by the U.S. Department of Housing and Urban Development (HUD). They manage three group homes, each containing 20 units, under Section 202 of the National Housing Act. Being regulated by HUD, they ensure reasonable rent charges and maintain appropriate operating methods.
Who is the CEO of Ascension Homes Inc?
Chris Mccullough is the President of Ascension Homes Inc.
What is the revenue of Ascension Homes Inc?
Ascension Homes Inc's revenue in 2022 was $236,780.
Who are the executives of Ascension Homes Inc and what are their salaries?
There 7 volunteers at Ascension Homes Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $127,500
- Other: $9,304
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ascension Homes Inc?
Ascension Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ascension Homes Inc
Ascension Homes Inc, a non-profit organization, is dedicated to providing affordable housing to adults grappling with chronic mental illnesses. This mission is central to their activities, aiming to create a living environment that caters specifically to this vulnerable group.
Funded by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, Ascension Homes Inc operates three group homes, each consisting of 20 units. Their operational methods and rental charges are regulated by HUD to ensure the needs of their residents are met with the utmost care and affordability.
In essence, Ascension Homes Inc stands as a beacon of hope for those facing the challenges of chronic mental illness, offering them a safe and affordable living space, and thereby contributing significantly to their overall well-being.
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Impact
June, 2024
Ascension Homes Inc's impact lies in providing affordable housing to adults with chronic mental illnesses in Baltimore, MD. By operating housing and related facilities for senior citizens, this organization offers a stable and supportive living environment for individuals in need. Through its three group homes consisting of 20 units, Ascension Homes Inc addresses the critical issue of housing insecurity within the context of mental health challenges, creating a positive impact on the lives of those it serves.
This information is meant to be a general summary of Ascension 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: $4
- Program Service Revenue: $15,895
- Gross Receipts: $236,780
Assets and Liabilities:
- Total Assets: $737,263
- Total Liabilities: $1,384,808
- Net Assets: -$647,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,895
Organization Details
Founding Year
1985
Phone
(410) 433-2442Principal Officer
Chris Mccullough
Main Address
401 E WOODBOURNE AVENUE, BALTIMORE, MD, 21212
NTEE Category
Code: F33Z - Mental health
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