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The Asbury Homes Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561713760 ✦ Tabor city, NC ✦ Designated as a 501(c)(3)

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Overview

What is The Asbury Homes Inc?

The Asbury Homes Inc, located in Tabor City, North Carolina, is a nonprofit organization dedicated to providing housing solutions for adults with developmental disabilities. With a modest workforce of five individuals, this organization is committed to making a significant impact in the lives of those who require specialized housing. The Asbury Homes Inc's mission revolves around offering suitable living arrangements for these individuals, ensuring they can live with dignity and independence. This nonprofit organization serves as a vital resource in the community, contributing to the overall well-being and quality of life for those in need.


Official website here: www.none

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69% (Two-Star out of Four Star rating)

The Asbury Homes Inc has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. While the organization scores well on certain governance metrics, such as maintaining an independent board and managing liabilities effectively, it falls short in key financial transparency areas, particularly in its financial statements and policies regarding conflicts of interest, whistleblower practices, and document retention.

Strengths include a significant program expense ratio of 82.10%, demonstrating that a large portion of its expenses is directed towards its programs. Additionally, the organization has shown effective management of assets relative to liabilities, which is crucial for long-term sustainability. These strengths indicate a commitment to fulfilling its mission and making a positive impact.

However, the lack of transparency in financial reporting and governance policies raises concerns about the organization's accountability. The absence of a conflict of interest policy and a whistleblower policy may hinder trust among stakeholders. Addressing these limitations could enhance the overall effectiveness and public perception of The Asbury Homes Inc.


This AI summary has been generated from information found on Charity Navigator.

Is The Asbury Homes Inc legitimate?

The Asbury Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Asbury Homes 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: $321,924

For more financial information, click here


Official website here: www.none

What is the mission statement of The Asbury Homes Inc?

The Asbury Homes Inc is committed to providing housing for adults with developmental disabilities. Their mission is centered around ensuring these individuals have a suitable living space. They strive to create an environment that caters to the unique needs of adults with developmental disabilities, providing them with a home where they can thrive. The organization's efforts are geared towards enhancing the quality of life for these adults, offering them a sense of independence and belonging. By providing housing, The Asbury Homes Inc aims to contribute positively to their residents' well-being and overall development.


Official website here: www.none

Who is the CEO of The Asbury Homes Inc?

Charles G Foskey is the Chariman of The Asbury Homes Inc.


Official website here: www.none

What is the revenue of The Asbury Homes Inc?

The Asbury Homes Inc's revenue in 2022 was $577,420.


Official website here: www.none

Who are the executives of The Asbury Homes Inc and what are their salaries?

The average compensation at The Asbury Homes Inc during 2022 was $64,385. There are 5 employees at The Asbury Homes Inc.


Here are 9 key members and their salaries:


Bobbie Britt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Jimmy F Cummings (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles G Foskey (Chariman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darlene Jacobs (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Bob Magnum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Kong Suk Namkung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley E Townsend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tanya Bullard (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for The Asbury Homes Inc?

The Asbury Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of The Asbury Homes Inc

The Asbury Homes Inc, as a nonprofit organization, is committed to providing housing for adults living with developmental disabilities. This mission is at the heart of their activities and is reflected in their everyday operations. They strive to create an environment where these individuals can lead fulfilling lives with dignity and independence. By offering housing solutions, The Asbury Homes Inc aims to break down barriers and provide opportunities for personal growth and development. Their mission is not just about providing a roof over heads, but also about fostering a sense of community and inclusion, ensuring that every adult with developmental disabilities has a place to call home.

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Impact




July, 2024

The Asbury Homes Inc has a significant impact on the community by providing much-needed housing to adults with developmental disabilities. Through its mission to offer safe and supportive living arrangements, The Asbury Homes Inc ensures that individuals with developmental disabilities have access to a stable and comfortable home environment. This enables them to live more independently and enhances their overall quality of life. By addressing the critical need for housing in this vulnerable population, The Asbury Homes Inc plays a crucial role in promoting the well-being and empowerment of adults with developmental disabilities in Tabor City, NC.




This information is meant to be a general summary of The Asbury Homes 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.

Revenue
$577,420 (2022)
Expenses
$542,112 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,906
  • Program Service Revenue: $523,327
  • Gross Receipts: $577,420

Assets and Liabilities:

  • Total Assets: $708,071
  • Total Liabilities: $384,669
  • Net Assets: $323,402

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CAP SERVICES INCOME

Revenue

$192,154

GROUP LIVING MODERATE INCOME

Revenue

$102,665

CLFS SERVICES INCOME

Revenue

$95,701

SOCIAL SECURITY INCOME

Revenue

$80,858

SPECIAL RENTERS ASSISTANCE

Revenue

$26,636

Organization Details

Founding Year

1990

Principal Officer

Charles G Foskey

Main Address

11337 JOE BROWN HWY SOUTH, TABOR CITY, NC, 28463

Website

www.none

NTEE Category

Code: P75 - Human services

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