Overview
What is Community Solutions 360Inc?
Community Solutions 360Inc is a nonprofit organization situated in Sarasota, Florida, specifically at 8466 Lockwood Ridge Road. Their primary mission is to construct and renovate homes for eligible applicants, while simultaneously educating new homeowners about the financial and practical requirements of responsible homeownership. In collaboration with the Office of Housing and Community Development in both Sarasota and Manatee counties, Community Solutions 360Inc carries out its mission, contributing positively to the local community. With a team of three dedicated individuals, this organization is making a significant impact by promoting stable housing for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (47%)
Community Solutions 360 Inc has received a zero-star rating from Charity Navigator, indicating significant concerns related to its accountability and financial practices. The organization's overall score of 47% highlights that while it maintains a fully independent board and complies with key governance practices, its financial health raises red flags. The liabilities to assets ratio is particularly alarming at 94.52%, suggesting a precarious financial position.
On the positive side, Community Solutions 360 Inc demonstrates strong governance through its independent board structure and conflict of interest policies. The organization has shown commitment by documenting board meeting minutes and ensuring a majority of independent board members. These strengths reflect an effort to maintain transparency and responsible oversight.
However, the low program expense ratio of 55.43% indicates that less than half of its expenses are allocated directly to its charitable programs, which could question its effectiveness in fulfilling its mission. The financial challenges and underperformance in program spending may hinder its ability to deliver impactful services in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Solutions 360Inc legitimate?
Community Solutions 360Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Solutions 360Inc 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,965
For more financial information, click here
What is the mission statement of Community Solutions 360Inc?
Community Solutions 360Inc, as an organization, collaborates with the Office of Housing and Community Development in Sarasota and Manatee counties to construct or renovate homes for eligible applicants. Their primary mission is to contribute to the housing sector by providing homes to qualified individuals. In addition to building or refurbishing homes, they also educate these new homeowners about the financial and practical aspects of responsible home ownership. This holistic approach aims to ensure that these new homeowners are well-equipped to maintain their homes and sustain their living situations.
Who is the CEO of Community Solutions 360Inc?
Laura Carter is the President of Community Solutions 360Inc.
What is the revenue of Community Solutions 360Inc?
Community Solutions 360Inc's revenue in 2022 was $75,450.
Who are the executives of Community Solutions 360Inc and what are their salaries?
The average compensation at Community Solutions 360Inc during 2022 was $15,988. There are 3 employees and 2 volunteers at Community Solutions 360Inc.
Here are 4 key members and their salaries:
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Solutions 360Inc?
Community Solutions 360Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Solutions 360Inc
Community Solutions 360Inc, a corporation, collaborates with the Office of Housing and Community Development in Sarasota and Manatee counties. Its primary mission is to construct and renovate homes for eligible applicants. By undertaking these projects, Community Solutions 360Inc contributes to the provision of adequate housing for individuals in need. Beyond building and refurbishing homes, the organization also plays an educational role. It educates new homeowners about the financial and physical responsibilities associated with responsible home ownership. This holistic approach ensures that both the physical and financial aspects of homeownership are understood, thereby promoting sustainable living for those who benefit from Community Solutions 360Inc's initiatives.
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Impact
August, 2024
Community Solutions 360Inc's impact lies in providing affordable housing solutions to qualified applicants in Sarasota and Manatee counties. Through building and refurbishing homes, they empower individuals and families to achieve responsible homeownership. By educating new homebuyers on the financial and physical requirements of owning a home, Community Solutions 360Inc contributes to strengthening communities and improving the quality of life for residents in need of housing assistance.
This information is meant to be a general summary of Community Solutions 360Inc. 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: $14,774
- Gross Receipts: $75,450
Assets and Liabilities:
- Total Assets: $468,013
- Total Liabilities: $442,396
- Net Assets: $25,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$14,774
Organization Details
Founding Year
1999
Phone
(941) 809-2231Principal Officer
Laura Carter
Main Address
8466 Lockwood Ridge Road, Sarasota, FL, 34243
NTEE Category
Code: L20 - Housing
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