Overview
What is Reach Out Ii Apartments Inc?
Reach Out II Apartments Inc is a nonprofit organization situated in Hot Springs, Arkansas, with a specific mission to provide safe and affordable housing for individuals living with mental disabilities. Their primary goal is to ensure that these individuals have a secure living environment, which is a vital aspect of their overall well-being. The organization is dedicated to this cause, making it a significant resource for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Reach Out II Apartments Inc has received a score of 79%, which translates to a Three-Star rating, reflecting a solid level of accountability and financial health. The score is derived entirely from its Accountability & Finance metrics, indicating that the organization adheres to strong governance practices and effectively manages its resources.
The nonprofit showcases several strengths, including a fully independent board composed of 12 members, which contributes to its governance structure. Additionally, the organization has demonstrated a commitment to ethical standards by having comprehensive policies on conflict of interest, whistleblower protections, and document retention, all of which received perfect scores. Furthermore, an impressive program expense ratio of 96.06% illustrates that a significant portion of its expenditures is allocated directly to its programs, enhancing its operational effectiveness.
Despite the positive aspects of its financial and governance score, no additional context on program impact or community feedback was provided. This information could further clarify the effectiveness of its services and overall mission. Nonetheless, the nonprofit's strong accountability measures suggest a reliable and well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Out Ii Apartments Inc legitimate?
Reach Out Ii Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Out Ii Apartments 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: $42,000
For more financial information, click here
What is the mission statement of Reach Out Ii Apartments Inc?
Reach Out II Apartments Inc is committed to providing safe and affordable housing for individuals living with mental disabilities. This mission is carried out through their day-to-day activities, which are centered around ensuring that individuals with mental disabilities have access to comfortable and affordable living spaces. By offering such housing, the organization aims to contribute to their overall well-being and quality of life. It is worth noting that Reach Out II Apartments Inc is dedicated to serving this specific population, recognizing their unique needs and striving to accommodate them effectively.
Who is the CEO of Reach Out Ii Apartments Inc?
Rob Gershon Phd is the Ceo of Reach Out Ii Apartments Inc. The CEO's salary of Reach Out Ii Apartments Inc is $0 and their total compensation is $0.
What is the revenue of Reach Out Ii Apartments Inc?
Reach Out Ii Apartments Inc's revenue in 2023 was $140,699.
Who are the executives of Reach Out Ii Apartments Inc and what are their salaries?
Here are 14 key members and their salaries (Reach Out Ii Apartments Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Reach Out Ii Apartments Inc?
Reach Out Ii Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Reach Out Ii Apartments Inc
Reach Out II Apartments Inc is committed to providing a secure and affordable living environment for individuals living with mental disabilities. Their mission, in essence, is centered around ensuring the well-being and housing needs of this specific group of individuals are met. By offering safe and reasonably priced accommodation, Reach Out II Apartments Inc aims to make a significant impact in the lives of those who may otherwise face challenges in finding suitable housing due to their mental health conditions.
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Impact
October, 2024
Reach Out Ii Apartments Inc plays a crucial role in providing safe and affordable housing for individuals with mental disabilities. By addressing the housing needs of this vulnerable population, the organization fosters a supportive community environment that enhances the quality of life for its residents in Hot Springs, Arkansas. Access to secure housing is essential for individuals with mental disabilities, as it not only stabilizes their living situation but also promotes independence, dignity, and overall well-being.
The organization’s efforts contribute to reducing barriers to housing that many individuals with mental disabilities face, thereby enabling them to lead more fulfilling lives. Safe and affordable housing is a vital foundation for accessing other necessary services, such as healthcare and employment opportunities. By focusing on these aspects, Reach Out Ii Apartments Inc facilitates social inclusion and empowers its residents, creating a positive impact on both individual lives and the broader community.
This information is meant to be a general summary of Reach Out Ii Apartments 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: $170
- Program Service Revenue: $63,886
- Gross Receipts: $140,699
Assets and Liabilities:
- Total Assets: $364,501
- Total Liabilities: $1,242,551
- Net Assets: -$878,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENT
Revenue
$62,833
LAUNDRY AND VENDING
Revenue
$999
MISCELLANEOUS REVENUE
Revenue
$54
Organization Details
Founding Year
1996
Phone
(501) 624-7111Principal Officer
Rob Gershon Phd
Main Address
125 WELLNESS WAY, HOT SPRINGS, AR, 71913
NTEE Category
Code: P70Z - Human services
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