Overview
What is The Carying Place Inc?
The Carying Place Inc, located in Cary, North Carolina, is a nonprofit organization dedicated to assisting homeless working families with children. Their mission involves providing a 16-week life skills program and short-term transitional housing, helping these families transition to permanent housing and self-sufficiency. On average, they serve around 30 families per year, offering rent-and-utility-free housing in their own properties. The program aims to prepare families for post-housing life, improve their financial management skills, and encourage emergency savings. Volunteers, such as trained adult support teams and caring sponsors, work closely with families to teach budgeting, goal setting, resource linking, and time management. The organization also offers a weekly children's program with staff and volunteers, providing enriching activities and resources for the children. With approximately 300 volunteers, The Carying Place Inc strives to support and empower these families towards independent living.
Official website here: www.thecaryingplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Carying Place Inc holds an 86% rating from Charity Navigator, indicating a solid performance in both accountability and financial management. The organization excels in its governance, boasting a fully independent board and high scores for its conflict of interest and whistleblower policies. Its financial statements are thoroughly audited, reflecting transparency in operations.
In terms of program efficiency, the organization allocates approximately 61% of its expenses directly to programs, which is a positive indicator of its commitment to mission-driven activities. The charity has achieved high marks in constituent feedback, showcasing effective engagement with the community it serves and the successful collection and usage of feedback to improve its services.
However, the Carying Place has room for improvement in its equity strategies and data collection processes, receiving moderate scores in these areas. This indicates that while the organization is performing well overall, there may be opportunities to enhance its approach towards equity and inclusiveness within its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Carying Place Inc legitimate?
The Carying Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carying Place 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: $219,269
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,899
For more financial information, click here
Official website here: www.thecaryingplace.org
What is the mission statement of The Carying Place Inc?
The Carying Place Inc's mission is centered around educating homeless working families with children in life skills for achieving independent living. They provide short-term housing and support services to address individual needs. The organization operates a 16-week life skills and short-term transitional housing program, helping families transition to adequate permanent housing and self-sufficiency. Approximately 30 families, each with an average of 2-3 children, participate each year. Families live rent and utility-free in a TCP-owned property. The program aims to prepare families for post-program housing and improve their ability to manage living expenses. Families are encouraged to save for emergencies and develop self-confidence for long-term housing and life skills maintenance. Volunteers, including program managers, adult support team, and caring sponsors, work with families to enhance financial management, planning skills, and independent housing attainment. A weekly children's program is also offered, providing resources such as access to childcare, educational improvement, and extracurricular activities. The organization also offers ongoing life skills information and moral support to graduate families annually.
Official website here: www.thecaryingplace.org
Who is the CEO of The Carying Place Inc?
Leslie Covington is the President of The Carying Place Inc.
Official website here: www.thecaryingplace.org
What is the revenue of The Carying Place Inc?
The Carying Place Inc's revenue in 2022 was $1,592,750.
Official website here: www.thecaryingplace.org
Who are the executives of The Carying Place Inc and what are their salaries?
The average compensation at The Carying Place Inc during 2022 was $60,738. There are 7 employees and 300 volunteers at The Carying Place Inc.
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Official website here: www.thecaryingplace.org
Where can I find the form 990 for The Carying Place Inc?
The Carying Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecaryingplace.org
Learn more at the official website: www.thecaryingplace.org
Mission Statement of The Carying Place Inc
The Carying Place Inc, a nonprofit organization, is dedicated to teaching homeless working families with children essential life skills for achieving independent living. By providing short-term housing and support services, The Carying Place aims to help these families transition to adequate permanent housing and self-sufficiency. Each year, around 30 families, typically with an average of two to three children, reside rent- and utility-free in properties owned by The Carying Place.
The organization's primary goal is to prepare families for post-program housing and enhance their ability to cover all living expenses. This is achieved through a 16-week life skills and transitional housing program that includes financial management training, planning skills development, and independent housing attainment guidance. The Carying Place's program manager assigns trained adult support team members and caring sponsor volunteers to participants, meeting with them weekly to discuss budgeting, goal setting, resource linking, and time management.
Families are encouraged to save for emergencies like medical care or car repairs and develop long-term plans for maintaining their new housing and life skills. The program manager also monitors participants' weekly spending, accomplishments, and challenges, helping them set new goals and create budgets for the subsequent weeks. Approximately 300 volunteers, including adult support team members, caring sponsors, property volunteers, office volunteers, event volunteers, board volunteers, and various volunteer groups, contribute to The Carying Place's mission.
In addition to life skills training, The Carying Place offers a weekly children's program staffed with volunteers who provide life enrichment activities, resources such as access to childcare, educational improvement, and extracurricular/fun skill-building activities. The organization also offers ongoing life skills information and moral support to about 25 different graduate families annually, ensuring their long-term success.
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Impact
July, 2024
The Carying Place Inc empowers homeless, working families with children by providing life skills training and short-term transitional housing to help them attain independent living. Through their 16-week program, The Carying Place serves about 30 families annually, supporting them in transitioning to permanent housing and self-sufficiency. By offering rent and utility-free housing in Cary and western Wake County, they are the primary resource for this type of program in the area. The organization's emphasis on financial management, goal setting, and resource linking equips families to sustain their housing and new life skills long-term. With a dedicated team of volunteers and staff, including a children's program that offers educational and enrichment activities, The Carying Place makes a significant impact on the lives of homeless families by fostering self-reliance and stability.
This information is meant to be a general summary of The Carying Place 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.
- Investment Income: $14,007
- Program Service Revenue: $2,231
- Gross Receipts: $1,666,473
Assets and Liabilities:
- Total Assets: $3,984,783
- Total Liabilities: $620,649
- Net Assets: $3,364,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$2,231
Organization Details
Founding Year
1998
Phone
(919) 462-1800Principal Officer
Leslie Covington
Main Address
PO BOX 622, CARY, NC, 27512
Website
www.thecaryingplace.orgNTEE Category
Code: L41 - Housing
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