Overview
What is Residential Energy Services Network Inc?
Residential Energy Services Network Inc, based in Oceanside, California, is a nonprofit organization primarily focused on the residential sector's energy efficiency. They offer membership to various providers, including rating, software, and training providers, and provide accreditation that is recognized by the mortgage industry, energy code officials, utilities, the US Department of Energy, the US Department of Housing and Urban Development, and the Environmental Protection Agency for verifying a home's energy efficiency. Their mission is to make the energy use of all homes transparent, aiming to drive residential sector energy use towards net zero, ultimately contributing to a more sustainable future. With a workforce of 8 individuals, they strive to make an impact on the residential energy landscape.
Official website here: www.resnet.us
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Residential Energy Services Network Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its exemplary accountability and financial practices. The charity scored a 97% in this category, which indicates a strong commitment to transparency and responsible financial management. The organization benefits from a fully independent board and rigorous oversight of its financial statements, emphasizing its dedication to ethical governance.
The organization shows significant strengths in its financial ratios, with a program expense ratio of 84.43%, indicating that a large portion of its funding is directed toward its mission. Additionally, the low liabilities-to-assets ratio of 14.90% and a solid working capital ratio of 0.94 years suggest financial stability and efficiency. These metrics point to a well-managed organization that is capable of sustaining its operations while effectively delivering its services.
However, there is a noted limitation in its fundraising efficiency, which scored only 5 out of 25 points. This suggests potential challenges in attracting donations relative to the funds raised. While the organization excels in many areas of financial management, improving its fundraising strategies could enhance its overall performance and support its mission even more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Residential Energy Services Network Inc legitimate?
Residential Energy Services Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residential Energy Services Network 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: $284,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $805,074
For more financial information, click here
Official website here: www.resnet.us
What is the mission statement of Residential Energy Services Network Inc?
The Residential Energy Services Network Inc is dedicated to making the energy usage of all homes transparent, with the ultimate goal of driving the residential sector towards achieving net-zero energy use. Through their activities, they aim to verify a home's energy efficiency, which is recognized by various industry players, including the mortgage industry, energy code officials, utilities, the U.S. Department of Energy, the U.S. Department of Housing and Urban Development, and the Environmental Protection Agency. Their membership, comprising rating providers, software providers, and training providers, undergoes accreditation, which is widely acknowledged in the verification of a home's energy efficiency.
Official website here: www.resnet.us
What is the revenue of Residential Energy Services Network Inc?
Residential Energy Services Network Inc's revenue in 2023 was $4,110,005.
Official website here: www.resnet.us
Who are the executives of Residential Energy Services Network Inc and what are their salaries?
The average compensation at Residential Energy Services Network Inc during 2023 was $136,222. There are 8 employees and 200 volunteers at Residential Energy Services Network Inc.
Here are 25 key members and their salaries:
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Official website here: www.resnet.us
Where can I find the form 990 for Residential Energy Services Network Inc?
Residential Energy Services Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.resnet.us
Learn more at the official website: www.resnet.us
Mission Statement of Residential Energy Services Network Inc
Residential Energy Services Network Inc, a prominent organization, is dedicated to making the energy use of all homes transparent. The ultimate goal is to drive the residential sector towards achieving net zero energy consumption. This mission is a significant initiative aimed at improving energy efficiency in homes nationwide.
The organization offers accreditation to various entities, including rating providers, software providers, and rater training providers. This accreditation is highly recognized within the mortgage industry, energy code officials, utilities, the US Department of Energy, the US Department of Housing and Urban Development, and the Environmental Protection Agency. The accreditation serves as a verification of a home's energy efficiency, providing assurance that homes are being made more energy-efficient and sustainable.
In essence, Residential Energy Services Network Inc is a key player in the drive towards energy efficiency in the residential sector. Its accreditation program not only serves to improve the energy efficiency of homes but also provides credibility and trust in the market, making it a valuable resource for homeowners, real estate professionals, and government agencies alike.
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Impact
June, 2024
Residential Energy Services Network Inc is impacting the residential sector by making the energy use of all homes transparent, thereby driving energy use towards net zero. Through their accreditation program, they provide recognition that is acknowledged by various industry stakeholders such as mortgage industry professionals, energy code officials, utilities, and government agencies like the US Department of Energy and the Environmental Protection Agency. Their mission to drive residential energy use towards net zero aligns with the global effort to combat climate change and protect the environment.
This information is meant to be a general summary of Residential Energy Services Network 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 2023.
- Investment Income: $16,142
- Program Service Revenue: $799,727
- Gross Receipts: $4,110,005
Assets and Liabilities:
- Total Assets: $3,453,609
- Total Liabilities: $514,670
- Net Assets: $2,938,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
2023 RESNET CONFERENCE
Revenue
$408,480
CONSULTING
Revenue
$67,375
EDUCATION TRAINING & TEST
Revenue
$323,872
Organization Details
Founding Year
1987
Principal Officer
Steve Baden
Website
www.resnet.usNTEE Category
Code: C033 - Environment
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