Overview
What is The Methodist Home For Children Inc?
The Methodist Home for Children Inc, located at 1041 Washington Street in Raleigh, North Carolina (27605), is a nonprofit organization dedicated to serving juveniles involved in the juvenile justice system. They provide therapeutic environments for these youth through their six multi-purpose juvenile homes, enabling them to make positive behavioral changes. Additionally, they operate three transitional living homes, assisting youth on probation in learning independent living skills and vocational training. Three crisis and assessment centers are also part of their services, offering temporary placements and interventions for youth requiring stabilization. The Methodist Home for Children serves approximately 475 youth annually, with a mission to strengthen children, youth, and families and affirm their value. Their team consists of 467 employees.
Official website here: www.mhfc.org
What are the reviews and ratings of this charity?
Charity Navigator rates The Methodist Home For Children Inc at 92%, which earns it a Four-Star out of Four Star rating. This high score indicates a strong level of accountability and financial health, as the rating is primarily derived from their performance in this area. The organization has demonstrated exemplary governance and transparency with a fully independent board comprised of 31 members, as well as robust financial oversight.
Strengths highlighted in the evaluation include the absence of any material diversion of assets and a strong program expense ratio of 85.71%, indicating that a significant portion of their funds is directed towards their programs. Additionally, the charity has comprehensive policies in place, such as conflict of interest and whistleblower policies, which further bolster their commitment to ethical governance and accountability.
While the organization has an overall solid standing, there is a noted liabilities to assets ratio of 55.17%, which may indicate some financial risk. However, given their strong program expenses and governance structure, these factors do not significantly detract from their overall positive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is The Methodist Home For Children Inc legitimate?
The Methodist Home For Children Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Methodist Home For Children 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: $1,100,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,225,605
For more financial information, click here
Official website here: www.mhfc.org
What is the mission statement of The Methodist Home For Children Inc?
The Methodist Home For Children Inc is committed to strengthening the social, physical, emotional, and spiritual well-being of children and families. Through their various programs, they aim to affirm the worth of those they serve. The organization operates juvenile homes, providing therapeutic environments for youth involved in the juvenile justice system, helping them make positive behavioral changes. Additionally, they offer transitional living homes, focusing on teaching independent living and vocational skills to youth on probation. Crisis intervention, assessment, and service planning are also provided through their crisis and assessment centers, ensuring temporary out-of-home placements to stabilize youth and determine effective interventions. Overall, The Methodist Home For Children Inc strives to make a positive impact on the lives of children and families in need.
Official website here: www.mhfc.org
Who is the CEO of The Methodist Home For Children Inc?
Rev Bruce Stanley is the CEO of The Methodist Home For Children Inc The CEO's salary of The Methodist Home For Children Inc is $199,920 and their total compensation is $221,906.
Official website here: www.mhfc.org
What is the revenue of The Methodist Home For Children Inc?
The Methodist Home For Children Inc's revenue in 2024 was $25,522,356.
Official website here: www.mhfc.org
Who are the executives of The Methodist Home For Children Inc and what are their salaries?
The average compensation at The Methodist Home For Children Inc during 2024 was $28,824. There are 497 employees and 200 volunteers at The Methodist Home For Children Inc.
Here are 34 key members and their salaries (The Methodist Home For Children Inc's CEO's salary is $199,920 and their total compensation is $221,906):
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- Compensation: $199,920
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- Compensation: $147,282
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- Compensation: $138,302
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- Compensation: $149,241
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- Compensation: $130,200
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- Other: $909
- Compensation: $115,277
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- Other: $9,857
Official website here: www.mhfc.org
Where can I find the form 990 for The Methodist Home For Children Inc?
The Methodist Home For Children Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mhfc.org
Learn more at the official website: www.mhfc.org
Mission Statement of The Methodist Home For Children Inc
The Methodist Home for Children Inc is a renowned organization dedicated to enhancing the social, physical, emotional, and spiritual well-being of children and families. By affirming their inherent worth, this esteemed entity strives to build upon their existing strengths.
More specifically, The Methodist Home for Children Inc provides a therapeutic environment for youth who have been involved in the juvenile justice system. Through its six juvenile homes, this nonprofit helps diverted youth make positive behavioral changes. In addition, The Methodist Home for Children Inc operates three transitional living homes, where youth on probation learn valuable independent living and vocational skills.
Furthermore, this organization goes above and beyond by offering three juvenile crisis and assessment centers. These facilities provide crisis intervention, assessment, and service planning for youth requiring temporary out-of-home placement to stabilize their behaviors and determine effective interventions. In total, The Methodist Home for Children Inc served 475 youth in these homes and assessment centers.
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Impact
October, 2024
The Methodist Home for Children Inc. plays a crucial role in supporting youth involved in the juvenile justice system in North Carolina. By operating six multi-purpose juvenile homes, the organization provides a therapeutic environment designed to help young individuals make positive behavioral changes. This approach not only addresses immediate needs but also lays the foundation for long-term personal development.
Additionally, MHC runs three transitional living homes, focusing on equipping youth on juvenile probation with essential independent living and vocational skills. This preparation is vital for fostering self-sufficiency and reducing recidivism, helping these young individuals reintegrate into society successfully.
Furthermore, MHC offers three juvenile crisis and assessment centers, providing immediate crisis intervention and assessment for youth requiring temporary out-of-home placement. This service is instrumental in stabilizing behaviors and facilitating the development of effective intervention plans tailored to individual needs.
In total, MHC served 475 youth through these various programs, impacting their lives by addressing social, emotional, and spiritual needs. By affirming the worth of each child and family it serves, the organization not only changes individual trajectories but also contributes to the overall health and safety of the community.
This information is meant to be a general summary of The Methodist Home For Children 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 2024.
- Investment Income: $127,035
- Program Service Revenue: $4,397,960
- Gross Receipts: $25,849,931
Assets and Liabilities:
- Total Assets: $8,593,476
- Total Liabilities: $3,531,417
- Net Assets: $5,062,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Early Childhood
Revenue
$2,057,611
Medicaid
Revenue
$1,497,609
Foster Care Service Contracts
Revenue
$639,060
Consulting & Program Development
Revenue
$203,680
Organization Details
Founding Year
1899
Principal Officer
Peter M Williams
Website
www.mhfc.orgNTEE Category
Code: P730 - Human services
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