Overview
What is Elon Homes And Schools For Children?
Elon Homes And Schools For Children is a nonprofit organization situated in Charlotte, North Carolina. Their primary focus is on providing a secure living environment for children who require it, as their parents may be unable to meet their needs adequately. This is achieved through their Community-Based Foster Care program, which operates under a licensed family setting. This program serves children from infancy to adolescence, spanning across about a dozen counties in North Carolina, from Mecklenburg to Durham. Elon Homes accepts referrals from the NC Department of Social Services. Their mission is to offer a safe haven, life skills, and education to these children, aiming to improve their overall well-being. As of the provided information, the organization employs 53 individuals.
Official website here: www.elonhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. This rating indicates that Elon Homes And Schools For Children meets some but not all of the financial and accountability benchmarks set by Charity Navigator. With a score of 63 in Accountability & Finance, there are areas of concern, particularly in financial transparency.
The organization demonstrates strong governance practices, as evidenced by 100% independent board members and comprehensive policies including conflict of interest and whistleblower protections. However, a significant limitation is the absence of financial statements and the nonprofit’s tax form being missing from its website, which impacts its overall financial score.
Despite these gaps, the program expense ratio is relatively high at 67.64%, suggesting that a substantial portion of expenditures goes directly to programs rather than administrative costs. Nevertheless, the liabilities to assets ratio of 590.02% raises red flags regarding financial health and sustainability. This indicates a need for improved financial management and transparency to bolster trust and support from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Elon Homes And Schools For Children legitimate?
Elon Homes And Schools For Children is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elon Homes And Schools For Children 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: $303,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $476,791
For more financial information, click here
Official website here: www.elonhomes.org
What is the mission statement of Elon Homes And Schools For Children?
Elon Homes and Schools for Children is dedicated to providing a safe haven, life skills, and education for children who require such support. They accomplish this mission through their Community-Based Foster Care program, which offers a secure living environment within licensed family settings for children who cannot reside with their parents due to various circumstances. The organization serves children aged 0 to 20 in approximately a dozen North Carolina counties, from Mecklenburg to Durham, accepting referrals from the NC Department of Social Services. They currently provide services for around 75 children under this program.
Official website here: www.elonhomes.org
Who is the CEO of Elon Homes And Schools For Children?
Rev Dr Frederick G Grosse is the President of Elon Homes And Schools For Children.
Official website here: www.elonhomes.org
What is the revenue of Elon Homes And Schools For Children?
Elon Homes And Schools For Children's revenue in 2021 was $1,304,649.
Official website here: www.elonhomes.org
Who are the executives of Elon Homes And Schools For Children and what are their salaries?
The average compensation at Elon Homes And Schools For Children during 2021 was $14,718. There are 53 employees at Elon Homes And Schools For Children.
Here are 8 key members and their salaries:
- Compensation: $179,954
- Related: $0
- Other: $51,098
- Compensation: $123,333
- Related: $0
- Other: $3,350
- 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
Official website here: www.elonhomes.org
Where can I find the form 990 for Elon Homes And Schools For Children?
Elon Homes And Schools For Children's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.elonhomes.org
Learn more at the official website: www.elonhomes.org
Mission Statement of Elon Homes And Schools For Children
Elon Homes and Schools for Children is an organization dedicated to providing a safe environment, fostering essential life skills, and delivering education to children in need. They accomplish this mission through their Community-Based Foster Care program, which offers a secure living space within licensed family homes for children who cannot reside with their parents due to inadequate care. This program extends its services to children ranging from infancy to adolescence, serving approximately 75 children across a dozen North Carolina counties, from Mecklenburg to Durham. Elon Homes and Schools for Children accepts referrals from the North Carolina Department of Social Services, ensuring that children in need of a safe haven can access their services.
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Impact
July, 2024
Elon Homes And Schools For Children provides a safe haven, life skills, and education to children in their care through their Community-Based Foster Care program. This program offers refuge in licensed family settings for children who require a safe place to live when their parents are unable to care for them adequately. The organization serves children aged 0-20 in multiple North Carolina counties, from Mecklenburg to Durham, and accepts referrals from the NC Department of Social Services. With services provided for approximately 75 children, Elon Homes And Schools For Children makes a significant impact on the lives of vulnerable youth in the community, offering them support, stability, and a nurturing environment to thrive.
This information is meant to be a general summary of Elon Homes And Schools For Children. 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 2021.
- Investment Income: $1,870
- Program Service Revenue: $635,850
- Gross Receipts: $1,499,704
Assets and Liabilities:
- Total Assets: $1,885,575
- Total Liabilities: $11,125,434
- Net Assets: -$9,239,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fees
Revenue
$635,850
Organization Details
Founding Year
1905
Phone
(704) 576-0245Principal Officer
Rev Dr Frederick G Grosse
Main Address
PO Box 221828, Charlotte, NC, 28222
Website
www.elonhomes.orgNTEE Category
Code: P700 - Human services
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