Overview
What is Nl Resort Inc?
Nl Resort Inc is a nonprofit organization, specifically established to cater to the housing needs of elderly individuals with very low income. Situated in Kingshill, Virginia Islands, the organization's mission is multifaceted. It aims to provide affordable, safe, and suitable housing for seniors aged 62 and above. Beyond housing, Nl Resort Inc seeks to enhance the quality of life for these seniors by advocating for aging issues and offering high-quality management services. They strive to maximize their services and connect seniors with relevant information and resources, thereby enhancing their overall awareness and well-being. With a dedicated workforce of 36 individuals, Nl Resort Inc is committed to making a positive impact in the lives of elderly individuals in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Nl Resort Inc has received a Two-Star out of Four Star rating with an overall score of 65%. The organization excels in Accountability & Finance, achieving a perfect score of 100%. Notably, it boasts a fully independent board with all members meeting the criteria for independence, as well as no material diversion of assets, indicating strong governance practices.
However, the nonprofit faces significant challenges, particularly with its policies. Although it has established a conflict of interest policy and documents for board meeting minutes, it lacks both a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, the organization's liabilities to assets ratio is concerning at 116.12%, raising questions about its financial stability.
Despite its solid program expense ratio, which indicates that all expenses are directed towards its programs, the limitations in policy implementation and financial liabilities suggest that there is room for improvement. Addressing these weaknesses could enhance Nl Resort Inc's overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Nl Resort Inc legitimate?
Nl Resort Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nl Resort 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: $31,821
For more financial information, click here
What is the mission statement of Nl Resort Inc?
Nl Resort Inc's mission is centered around providing affordable, safe, and suitable housing for low-income seniors aged 62 and above. The organization also offers high-quality management services, advocating for aging issues. To further serve its purpose, Nl Resort Inc aims to enhance awareness by maximizing available services and linking seniors with relevant information and resources. In essence, their mission is to improve the living conditions of elderly individuals with limited financial means, while providing them with necessary support and resources.
Who is the CEO of Nl Resort Inc?
Mona Barnes is the President of Nl Resort Inc.
What is the revenue of Nl Resort Inc?
Nl Resort Inc's revenue in 2022 was $191,450.
Who are the executives of Nl Resort Inc and what are their salaries?
The average compensation at Nl Resort Inc during 2022 was $884. There are 36 employees at Nl Resort Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Nl Resort Inc?
Nl Resort Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nl Resort Inc
Nl Resort Inc, a nonprofit organization, is dedicated to providing affordable, safe, and suitable housing for low-income seniors aged 62 years and above. Their mission extends beyond just housing, as they also aim to offer high-quality management services by advocating for aging issues. By doing so, they strive to enhance awareness and maximize services for seniors, linking them with relevant information and resources. In essence, Nl Resort Inc's mission is to improve the living conditions and overall well-being of elderly individuals with limited financial means, while also advocating for their rights and needs related to aging.
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Impact
October, 2024
Nl Resort Inc significantly impacts low-income seniors aged 62 and older by providing them with affordable, safe, and suitable housing options. Located in Kingshill, VI, the organization plays a crucial role in addressing the housing needs of elderly individuals facing financial challenges.
Through high-quality management services, Nl Resort Inc advocates for aging issues and works to enhance awareness of available resources. By successfully linking seniors with relevant information and services, the organization fosters a supportive community that empowers elderly residents to maintain their independence and dignity. This focus on affordable housing and comprehensive support not only improves the quality of life for these seniors but also strengthens the overall community by promoting inclusivity and security for a vulnerable population.
This information is meant to be a general summary of Nl Resort 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: $181
- Program Service Revenue: $1,316
- Gross Receipts: $191,450
Assets and Liabilities:
- Total Assets: $2,177,573
- Total Liabilities: $2,528,637
- Net Assets: -$351,064
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER OPERATING RECEIPTS
Revenue
$1,316
Organization Details
Phone
(340) 692-1194Principal Officer
Mona Barnes
Main Address
RR2 BOX 10540 SUITE 1, KINGSHILL, VI, 00850
NTEE Category
Code: L22 - Housing
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