Overview
What is Remmsco Inc?
Remmsco Inc, headquartered in Reidsville, North Carolina, is a nonprofit organization dedicated to supporting individuals in their recovery from substance use disorders. The primary focus of Remmsco Inc is providing a halfway house, offering residential facilities, meals, and counseling services to aid in the recovery process. With a small team of 15 employees, they strive to offer a supportive environment to those in need, working towards a more sustainable and fulfilling life for the recovering individuals. Their mission is to empower these individuals and help them regain control of their lives.
Official website here: www.remmsco.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 76% - Three-Star out of Four Star Rating
Remmsco Inc has garnered a three-star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The rating is based entirely on a single beacon score, highlighting its strong governance practices and financial health, with a program expense ratio of 92.40%, indicating a high percentage of funds directed toward its mission.
The organization benefits from having a fully independent board, with all members being independent and a well-sized board that adheres to good governance principles. Additionally, it shows no material diversion of assets, underscoring its reliability and integrity in financial management.
However, there are notable areas for improvement, particularly in the absence of several critical policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Implementing these would enhance the organization's accountability framework and overall transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Remmsco Inc legitimate?
Remmsco Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Remmsco 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,846
For more financial information, click here
Official website here: www.remmsco.com
What is the mission statement of Remmsco Inc?
Remmsco Inc is dedicated to providing a supportive living environment for individuals who are recovering from substance use disorders. The organization's primary mission is to offer a halfway house where recovering alcoholics and chemically dependent individuals can find food, shelter, and counseling to aid them in their recovery process. By offering these essential services, Remmsco Inc hopes to assist these individuals in regaining control of their lives and moving forward on the path to recovery. The organization's focus is on providing a safe and supportive environment where individuals can receive the help they need to overcome their substance use issues and begin living healthier, happier lives.
Official website here: www.remmsco.com
Who is the CEO of Remmsco Inc?
Jim Reaves is the President of Remmsco Inc.
Official website here: www.remmsco.com
What is the revenue of Remmsco Inc?
Remmsco Inc's revenue in 2023 was $407,358.
Official website here: www.remmsco.com
Who are the executives of Remmsco Inc and what are their salaries?
The average compensation at Remmsco Inc during 2023 was $11,256. There are 15 employees at Remmsco Inc.
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Official website here: www.remmsco.com
Where can I find the form 990 for Remmsco Inc?
Remmsco Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.remmsco.com
Learn more at the official website: www.remmsco.com
Mission Statement of Remmsco Inc
Remmsco Inc, a nonprofit organization, is dedicated to offering a sanctuary for individuals who are recovering from substance use disorders. With a mission rooted in helping those in need, Remmsco Inc provides a halfway house that offers food, shelter, and counseling to assist these individuals in their recovery process. The organization's primary goal is to support recovering alcoholics and chemically dependent individuals, offering them a safe space to focus on their well-being and recovery. By providing these essential resources, Remmsco Inc plays a vital role in the recovery journey of many individuals, offering them a chance to rebuild their lives.
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Impact
June, 2024
Remmsco Inc provides a crucial service by offering a halfway house for individuals recovering from substance use disorders in Rockingham County. This initiative supports residents by providing food, shelter, counseling, and guidance as they work towards recovery. The organization's impact is significant as it helps individuals navigate the challenging journey of overcoming addiction and rebuilding their lives.
This information is meant to be a general summary of Remmsco 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 2023.
- Investment Income: $693
- Program Service Revenue: $33,691
- Gross Receipts: $407,358
Assets and Liabilities:
- Total Assets: $275,164
- Total Liabilities: $856
- Net Assets: $274,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Living facilities fees
Revenue
$33,691
Organization Details
Founding Year
1981
Phone
(336) 342-9504Principal Officer
Jim Reaves
Main Address
P O Box 1121, Reidsville, NC, 27323
Website
www.remmsco.comNTEE Category
Code: F34Z - Mental health
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