Overview
What is Raphael Inc?
Raphael Inc, situated in Rockville, Maryland, is a dedicated nonprofit organization. Its primary focus is on providing assisted living services for low- and moderate-income elderly individuals who are frail. This involves offering a living residence that caters to their unique needs. By doing so, Raphael Inc aims to ensure that elderly individuals can maintain their independence and quality of life while receiving necessary care and support. The organization is committed to this mission, ensuring that its services remain accessible to those who require them most.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Raphael Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization's overall score is solely based on its financial practices, which received a high score of 94%. This indicates that Raphael Inc manages its resources effectively, ensuring that the majority of its expenses are directed toward its programs and mission.
The organization's governance structure is another highlight, with a fully independent board that has been recognized for its size and effectiveness. All board members are independent, and the organization has implemented various policies to mitigate conflicts of interest and ensure proper oversight. The strong financial health is further demonstrated by a low liabilities-to-assets ratio and an impressive program expense ratio of 91.46%.
While the data showcases Raphael Inc's robust financial practices and governance, there is no additional feedback or user reviews provided. This lack of qualitative insights means that potential donors and stakeholders may want to look for other sources of information to understand the organization's impact and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Raphael Inc legitimate?
Raphael Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raphael 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 Raphael Inc?
Raphael Inc is dedicated to providing an assisted living residence for low- and moderate-income elderly individuals who are frail. Their mission is to create a supportive environment where these individuals can live comfortably and receive the necessary care they require. The organization is committed to ensuring that these elderly persons have access to the resources they need to maintain their quality of life. Through their services, they aim to improve the living conditions and general well-being of the frail elderly population, providing them with a sense of community and security. Raphael Inc's focus is on providing affordable housing and care for those who might otherwise struggle to secure such services.
Who is the CEO of Raphael Inc?
Leila A Finucane is the Director of Raphael Inc. The CEO's salary of Raphael Inc is $0 and their total compensation is $410,053.
What is the revenue of Raphael Inc?
Raphael Inc's revenue in 2022 was $2,103,808.
Who are the executives of Raphael Inc and what are their salaries?
There 3 volunteers at Raphael Inc.
Here are 10 key members and their salaries (Raphael Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $134,038
- Other: $16,157
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $149,665
- Other: $26,588
Where can I find the form 990 for Raphael Inc?
Raphael Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raphael Inc
Raphael Inc, as a nonprofit organization, is dedicated to providing an assisted living residence for low- and moderate-income frail elderly persons. This mission is central to the organization's activities, aiming to offer a supportive living environment for those in need. The residence caters specifically to the elderly, recognizing their unique needs and challenges. By offering assisted living, Raphael Inc seeks to enhance the quality of life for its residents, providing them with the care and support they require. The organization's mission is a testament to its commitment to serving the elderly population, ensuring they can age with dignity and respect.
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Impact
July, 2024
Raphael Inc has a significant impact by providing much-needed assisted living services for low- and moderate-income frail elderly persons in Rockville, MD. Their mission is focused on addressing the needs of this vulnerable population, ensuring they receive the care and support necessary to maintain their quality of life. Through their human services efforts, Raphael Inc plays a crucial role in enhancing the well-being and dignity of elderly individuals who may not have access to such resources otherwise.
This information is meant to be a general summary of Raphael 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.
- Program Service Revenue: $1,979,898
- Gross Receipts: $2,103,808
Assets and Liabilities:
- Total Assets: $2,145,395
- Total Liabilities: $782,652
- Net Assets: $1,362,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE - HOUSI
Revenue
$1,974,948
OTHER HOUSING REVENUE
Revenue
$4,950
Organization Details
Founding Year
1990
Phone
(301) 493-6000Principal Officer
Leila A Finucane
Main Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD, 20852
NTEE Category
Code: P73Z - Human services
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