Overview
What is Somerset Committee For The Homeless Inc?
The Somerset Committee For The Homeless Inc is a nonprofit organization committed to assisting and offering shelter and sustenance to homeless individuals within the Princess Anne community. Established with the mission to aid the homeless population, they have provided essential support and resources to those in need. Currently, a new homeless shelter is under construction, further underscoring their dedication to addressing homelessness in their community. Despite the ongoing construction, they continue to offer assistance to the homeless population in various ways.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The Somerset Committee For The Homeless Inc has earned a Three-Star rating on Charity Navigator, with an overall score of 79%. This rating is purely based on the Accountability & Finance beacon, reflecting a strong focus on financial integrity and transparency. The organization achieved full marks in several areas, highlighting its commitment to effective governance and operational soundness.
One of the notable strengths of this nonprofit is its fully independent board, consisting of eight members, which indicates a robust governance structure that prioritizes impartial decision-making. The organization also displayed excellent fiscal health, with a very low liabilities to assets ratio of 2.83% and a high program expense ratio of 91.96%, demonstrating that a significant portion of its funds goes directly towards its mission-related activities.
While the organization shows strong accountability and financial practices, the rating suggests a singular focus on these aspects, with no additional beacons evaluated. This could indicate a limitation in understanding the overall impact or effectiveness of the programs it offers. Nonetheless, the positive marks in governance and finance are strong indicators of its operational reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Committee For The Homeless Inc legitimate?
Somerset Committee For The Homeless Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Committee For The Homeless 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: $183,759
For more financial information, click here
What is the mission statement of Somerset Committee For The Homeless Inc?
The Somerset Committee For The Homeless Inc has been established with a mission to aid in providing shelter and nutrition for the homeless individuals within the community. Their primary objective is to offer assistance to those in need, ensuring they have a place to stay and access to food. Currently, the committee is constructing a new homeless shelter, further demonstrating their commitment to this cause. In the past, they have successfully provided aid to homeless individuals within the community.
Who is the CEO of Somerset Committee For The Homeless Inc?
Karen Karten is the Principal Officer of Somerset Committee For The Homeless Inc.
What is the revenue of Somerset Committee For The Homeless Inc?
Somerset Committee For The Homeless Inc's revenue in 2022 was $509,826.
Who are the executives of Somerset Committee For The Homeless Inc and what are their salaries?
The average compensation at Somerset Committee For The Homeless Inc during 2022 was $18,376. There are 10 employees and 3 volunteers at Somerset Committee For The Homeless Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Somerset Committee For The Homeless Inc?
Somerset Committee For The Homeless Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Somerset Committee For The Homeless Inc
The Somerset Committee For The Homeless Inc has been established with a mission to extend aid and support to the homeless citizens within the community. Their primary objectives include providing shelter and nourishment for these individuals who are in need. This nonprofit organization works tirelessly to assist the homeless population, striving to make a positive impact in their lives. Currently, the Committee is constructing a new shelter to further expand its reach and capacity to help those in need. Despite the ongoing construction, the Committee has previously offered assistance to the homeless population in the community.
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Impact
July, 2024
Somerset Committee For The Homeless Inc provides shelter and nourishment to the homeless citizens of the Princess Anne community in Maryland. They have established a mission to assist the homeless in the community, and have been actively working towards this goal through various initiatives such as the construction of a new homeless shelter. Their impact is evident in the support and assistance they provide to those in need within the community, ultimately making a positive difference in the lives of the homeless population.
This information is meant to be a general summary of Somerset Committee For The Homeless 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: $509,826
Assets and Liabilities:
- Total Assets: $1,037,008
- Total Liabilities: $29,361
- Net Assets: $1,007,647
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Organization Details
Founding Year
1996
Phone
(443) 888-6160Principal Officer
Karen Karten
Main Address
PO BOX 11, PRINCESS ANNE, MD, 21853
NTEE Category
Code: L41Z - Housing
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