Overview
What is Residential Continuum Inc C/O Phillips & Associates Cpa?
Residential Continuum Inc C/O Phillips & Associates Cpa is a nonprofit organization located at 15825 Shady Grove Road, Suite 40, Rockville, MD 20850. Their primary mission is to provide housing for individuals with autism and other developmental disabilities. They achieve this by leasing properties to Community Services for Autistic Adults and Children (CSAAC), ensuring safe and suitable living spaces for those in need. The organization was established with the purpose of acquiring real estate properties in Montgomery County, Maryland, to cater to the housing requirements of autistic adults and children, thereby managing these properties effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This score reflects the organization's strong performance in accountability and finance, which is essential for potential donors seeking transparency and effectiveness in their contributions. The charity has achieved high marks in several key areas, showcasing its commitment to maintaining a sound financial structure.
Residential Continuum Inc demonstrates notable strengths, particularly with its fully independent board, which consists of eight members, all scoring full points for independence. With a high program expense ratio of 94.23%, the organization effectively directs the vast majority of its expenditures toward program services, indicating a strong focus on its mission. Additionally, it has successfully completed audits and maintains a low ratio of liabilities to assets, emphasizing financial health.
However, while the organization has performed well in accountability and finance, the overall rating is based solely on this beacon score, which may limit the comprehensive understanding of its impact and effectiveness in fulfilling its mission. Potential donors and supporters may want to explore further details about program outcomes and community impact to ensure alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Continuum Inc C/O Phillips & Associates Cpa legitimate?
Residential Continuum Inc C/O Phillips & Associates Cpa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Continuum Inc C/O Phillips & Associates Cpa 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
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What is the mission statement of Residential Continuum Inc C/O Phillips & Associates Cpa?
Residential Continuum Inc, under the management of Phillips & Associates CPA, was established with the primary objective of providing housing solutions for individuals with autism and other developmental disabilities. The organization's mission is to acquire interest in real properties and manage them, specifically for the purpose of housing autistic adults and children. These properties are then leased to Community Services for Autistic Adults and Children (CSAAC), ensuring a safe and comfortable living environment for those in need. The ultimate goal of Residential Continuum Inc is to contribute positively to the lives of these individuals, providing them with a suitable residence.
Who is the CEO of Residential Continuum Inc C/O Phillips & Associates Cpa?
Scott Salzano is the President of Residential Continuum Inc C/O Phillips & Associates Cpa.
What is the revenue of Residential Continuum Inc C/O Phillips & Associates Cpa?
Residential Continuum Inc C/O Phillips & Associates Cpa's revenue in 2022 was $1,522,997.
Who are the executives of Residential Continuum Inc C/O Phillips & Associates Cpa and what are their salaries?
There 8 volunteers at Residential Continuum Inc C/O Phillips & Associates Cpa.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Residential Continuum Inc C/O Phillips & Associates Cpa?
Residential Continuum Inc C/O Phillips & Associates Cpa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Residential Continuum Inc C/O Phillips & Associates Cpa
Residential Continuum Inc C/O Phillips & Associates Cpa was established with a mission to make a significant impact in the lives of individuals with autism and other developmental disabilities. This mission revolves around acquiring interest in real properties, primarily in Montgomery County, Maryland. The organization's primary objective is to provide housing for these individuals, utilizing the properties as shelters. To ensure the effective management and operation of these shelters, Residential Continuum Inc C/O Phillips & Associates Cpa partners with Community Services for Autistic Adults and Children (CSAAC). This collaboration allows the organization to provide a safe and supportive living environment for autistic adults and children, thereby enhancing their quality of life.
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Impact
July, 2024
The impact of Residential Continuum Inc, managed by Phillips & Associates CPAs, is evident in its mission to provide housing for children and adults with autism and other developmental disabilities. By leasing properties to Community Services for Autistic Adults and Children (CSAAC), the organization is directly contributing to the availability of residential shelter for this vulnerable population in Rockville, Maryland. This initiative not only offers essential housing support but also fosters a community environment that promotes the well-being and independence of individuals with autism and developmental disabilities. Overall, the organization's efforts contribute to improving the quality of life for those in need of specialized housing and support services.
This information is meant to be a general summary of Residential Continuum Inc C/O Phillips & Associates Cpa. 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: $433,831
- Program Service Revenue: $1,084,878
- Gross Receipts: $1,830,884
Assets and Liabilities:
- Total Assets: $10,383,380
- Total Liabilities: $5,638,208
- Net Assets: $4,745,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,084,878
Organization Details
Founding Year
1981
Phone
(301) 762-1650Principal Officer
Scott Salzano
Main Address
15825 SHADY GROVE ROAD STE 40, ROCKVILLE, MD, 208504033
NTEE Category
Code: P730 - Human services
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