Overview
What is Better Way Of Miami Inc?
Better Way of Miami Inc is a nonprofit organization located in Miami, Florida, offering behavioral health services to individuals struggling with substance use disorders and addiction. Their mission is to make addiction services accessible, affordable, and available to those who need them, aiming to provide shelter, residential care, treatment, housing, and services to help Indigent, homeless, and addicted persons, their families, and supporters. In the past year, they served 348 clients, working tirelessly to maximize their chances for a productive, healthy, and fulfilling life in recovery. The organization employs a workforce of 90 individuals, committed to this cause.
Official website here: www.bwom.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Better Way Of Miami Inc has achieved a top rating from Charity Navigator, reflecting exemplary performance in accountability and finance. With a perfect score of 100%, the organization demonstrates a strong commitment to transparency and responsible financial management, showcasing that it effectively utilizes its resources for its mission.
The assessment highlights several organizational strengths, including an entirely independent board of directors and a robust oversight structure for financial statements. The charity maintains a low liabilities-to-assets ratio and an impressive program expense ratio, indicating that the majority of its funding directly supports its programs. Its fundraising efficiency is notable, with no costs reported for fundraising, suggesting that contributions are maximally directed towards its initiatives.
While the overall rating is highly positive, the summary does not mention any specific limitations or areas for improvement. This comprehensive evaluation positions Better Way Of Miami Inc as a trustworthy and efficient nonprofit, dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Better Way Of Miami Inc legitimate?
Better Way Of Miami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Way Of Miami 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: $240,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,922,645
For more financial information, click here
Official website here: www.bwom.org
What is the mission statement of Better Way Of Miami Inc?
The mission of Better Way of Miami Inc is to make addiction services accessible, affordable, and available to those who need them. The organization's primary goal is to offer shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted individuals, their families, and supporters. By providing these resources, the organization aims to maximize their chances for a productive, healthy, and fulfilling life in recovery. During the year, Better Way of Miami, Inc. offered services to 348 clients.
Official website here: www.bwom.org
Who is the CEO of Better Way Of Miami Inc?
Michael Festinger is the President/Chief Executive of Better Way Of Miami Inc. The CEO's salary of Better Way Of Miami Inc is $121,516 and their total compensation is $129,618.
Official website here: www.bwom.org
What is the revenue of Better Way Of Miami Inc?
Better Way Of Miami Inc's revenue in 2022 was $5,581,677.
Official website here: www.bwom.org
Who are the executives of Better Way Of Miami Inc and what are their salaries?
The average compensation at Better Way Of Miami Inc during 2022 was $24,030. There are 90 employees and 7 volunteers at Better Way Of Miami Inc.
Here are 9 key members and their salaries (Better Way Of Miami Inc's CEO's salary is $121,516 and their total compensation is $129,618):
- Compensation: $121,516
- Related: $0
- Other: $8,102
- Compensation: $85,112
- Related: $0
- Other: $19,848
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bwom.org
Where can I find the form 990 for Better Way Of Miami Inc?
Better Way Of Miami Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bwom.org
Learn more at the official website: www.bwom.org
Mission Statement of Better Way Of Miami Inc
Better Way of Miami Inc, a non-profit organization, is dedicated to making addiction services accessible, affordable, and available to those who need them. Their mission is to provide shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted persons, their families, and supporters. This mission aims to maximize the chances for a productive, healthy, and fulfilling life in recovery for these individuals. Through their behavioral health services, Better Way of Miami Inc assists individuals struggling with substance use disorders and addiction, providing them with the support they need to overcome their challenges and lead a fulfilling life in recovery. In the past year, the organization has served 348 clients.
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Impact
June, 2024
Better Way Of Miami Inc's impact is significant in providing addiction services to individuals in need. By offering behavioral health services to those struggling with substance use disorders and addiction, the organization is actively working to support individuals on their journey to recovery. In the past year alone, Better Way Of Miami Inc has provided services to 348 clients, indicating the reach and impact of their efforts in the community. Through their mission to provide shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted persons, along with their families and supporters, the organization aims to maximize the chances of these individuals leading productive, healthy, and fulfilling lives in recovery. This demonstrates the organization's commitment to addressing mental health challenges and making a positive difference in the lives of those they serve in Miami, Florida.
This information is meant to be a general summary of Better Way Of Miami 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.
- Program Service Revenue: $591,796
- Gross Receipts: $5,581,677
Assets and Liabilities:
- Total Assets: $7,764,807
- Total Liabilities: $669,180
- Net Assets: $7,095,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT RENTAL INCOME
Revenue
$522,394
OTHER CLIENT REVENUE
Revenue
$69,402
Organization Details
Founding Year
1984
Phone
(305) 634-3409Principal Officer
Michael Festinger
Main Address
800 NW 28TH STREET, MIAMI, FL, 33127
Website
www.bwom.orgNTEE Category
Code: F200 - Mental health
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