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Storey Lane Independent Living Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 752458006 ✦ Ponder, TX ✦ Designated as a 501(c)(3)

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Overview

What is Storey Lane Independent Living Inc?

Storey Lane Independent Living Inc is a nonprofit organization situated in Ponder, Texas. It serves approximately 29 adults with cognitive disabilities, offering them a secure living environment, lifelong training, supported living, supervision, and transportation. The primary goal is to empower these individuals to maintain their independence. The organization's activities involve providing a nurturing residence, continuous learning opportunities, supported living arrangements, supervision, and transportation services to enable adults with cognitive impairments to live independently with confidence and dignity. The nonprofit employs a small team of three dedicated individuals who are committed to its mission.


Official website here: www.slildallas.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

Storey Lane Independent Living Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The organization excels in board independence, with 100% of its board members being independent and a well-structured financial review process. The program expense ratio is also positively noted at 80.83%, reflecting a strong commitment to its mission-driven activities.

However, while Storey Lane demonstrates strengths in various areas, there are notable limitations. The charity is missing several key policies, including a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and governance practices. Additionally, the absence of tax forms on the nonprofit's website could impact public accessibility to important financial information.

Overall, while Storey Lane Independent Living Inc showcases a strong accountability framework and efficient resource allocation, the lack of certain policies and documentation may need to be addressed to enhance its credibility and trustworthiness among stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Storey Lane Independent Living Inc legitimate?

Storey Lane Independent Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Storey Lane Independent Living 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: $5,190
Other Salaries and Wages: $62,098

For more financial information, click here


Official website here: www.slildallas.org

What is the mission statement of Storey Lane Independent Living Inc?

Storey Lane Independent Living Inc's mission is centered around providing a secure residential environment for adults with cognitive disabilities. The organization's primary objective is to enable these individuals to maintain their independence. This is achieved through lifetime training, supported living, supervision, and transportation services. The mission of Storey Lane Independent Living Inc is to ensure that adults with cognitive disabilities can live as independently as possible, providing them with the necessary tools and support. The organization currently serves approximately 29 adults with cognitive disabilities, providing them with a safe living space and essential life skills.


Official website here: www.slildallas.org

Who is the CEO of Storey Lane Independent Living Inc?

Royce Wagg is the President of Storey Lane Independent Living Inc.


Official website here: www.slildallas.org

What is the revenue of Storey Lane Independent Living Inc?

Storey Lane Independent Living Inc's revenue in 2022 was $727,111.


Official website here: www.slildallas.org

Who are the executives of Storey Lane Independent Living Inc and what are their salaries?

The average compensation at Storey Lane Independent Living Inc during 2022 was $20,699. There are 3 employees and 25 volunteers at Storey Lane Independent Living Inc.


Here are 7 key members and their salaries:


Albert Ostermann (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Bentler (V. President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Royce Wagg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hazel Korol (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Harkins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aileen Vidaud (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Causey (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.slildallas.org

Where can I find the form 990 for Storey Lane Independent Living Inc?

Storey Lane Independent Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.slildallas.org

Learn more at the official website: www.slildallas.org

Mission Statement of Storey Lane Independent Living Inc

Storey Lane Independent Living Inc is committed to providing a secure residential environment, lifelong training, supported living, supervision, and transportation for adults with cognitive disabilities. Their mission is to empower these individuals, enabling them to maintain independence in their daily lives. By offering a safe living space, comprehensive training, and ongoing support, Storey Lane Independent Living Inc aims to foster the independence and self-sufficiency of adults with cognitive disabilities, allowing them to lead fulfilling lives. The organization serves approximately 29 adults, providing them with the necessary tools and resources to navigate their daily lives with confidence.

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Impact




July, 2024

Storey Lane Independent Living Inc's impact is evident in the lives of approximately 29 adults with cognitive disabilities in Ponder, TX. By providing a safe residential environment, lifetime training, supported living, supervision, and transportation, the organization enables these individuals to maintain independence in their daily lives. This support significantly enhances the quality of life for these adults and empowers them to contribute to their community in meaningful ways.




This information is meant to be a general summary of Storey Lane Independent Living 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.

Revenue
$727,111 (2022)
Expenses
$176,975 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $491,207
  • Gross Receipts: $1,209,586

Assets and Liabilities:

  • Total Assets: $1,180,530
  • Total Liabilities: $17,806
  • Net Assets: $1,162,724

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Organization Details

Founding Year

1992

Principal Officer

Royce Wagg

Main Address

PO BOX 608, PONDER, TX, 76259

NTEE Category

Code: P80 - Human services

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