Overview
What is Caribou House Inc?
Caribou House Inc is a nonprofit organization that focuses on providing housing facilities and services tailored to cater to the unique physical, social, and psychological needs of disabled individuals. Their mission is to promote the health and security of these individuals. Operating from PO Box 1075, Torrance, CA 90505, Caribou House Inc aims to create an environment that supports and enhances the well-being of the disabled, ensuring that they receive the care and assistance they require. Their dedication extends beyond just housing, as they strive to foster a sense of community and security for those who are in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
Caribou House Inc has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 65%. This rating indicates that while the organization demonstrates a strong commitment to transparency and financial integrity in several areas, there are significant concerns regarding its financial health, particularly its liabilities.
The nonprofit excels in having an independent board, with all ten members being independent and a small board size, which is beneficial for governance. Additionally, it performs well in program expenses, allocating over 83% of its budget directly to its mission, reflecting a strong commitment to its programs. Furthermore, the organization maintains proper documentation practices, ensuring board meeting minutes are recorded and retention policies are in place.
However, a significant drawback is highlighted by the liabilities to assets ratio being above 100%, indicating that liabilities exceed assets, which could raise concerns about financial sustainability. While Caribou House Inc shows strengths in governance and program spending, it must address its financial challenges to improve its overall rating and strengthen its operational foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Caribou House Inc legitimate?
Caribou House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caribou House 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: $14,455
For more financial information, click here
What is the mission statement of Caribou House Inc?
Caribou House Inc's mission is centered around providing housing facilities and services tailored to the unique needs of individuals with disabilities. These services are designed to accommodate their physical, social, and psychological requirements, with the ultimate goal of promoting their health and ensuring their security. The organization strives to create an environment that caters to the specific needs of these individuals, thus improving their overall well-being and peace of mind.
Who is the CEO of Caribou House Inc?
Betty Yates is the Treasurer of Caribou House Inc.
What is the revenue of Caribou House Inc?
Caribou House Inc's revenue in 2022 was $55,463.
Who are the executives of Caribou House Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Caribou House Inc?
Caribou House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Caribou House Inc
The nonprofit organization, Caribou House Inc, is dedicated to providing specialized housing facilities and services for individuals with disabilities. Their mission is centered around addressing the physical, social, and psychological needs of these individuals, with the ultimate goal of promoting their health and ensuring their security. By offering specially designed accommodations, Caribou House Inc aims to create an environment that caters to the unique requirements of each resident, thereby enhancing their overall well-being and sense of safety.
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Impact
June, 2024
Caribou House Inc's impact lies in its commitment to providing disabled individuals with housing facilities and services specially tailored to meet their physical, social, and psychological needs. By focusing on promoting the health and security of these individuals, Caribou House Inc plays a crucial role in enhancing the quality of life for those with disabilities. Through its mission of providing specialized housing and support services, the organization contributes to fostering a sense of community, empowerment, and inclusivity for individuals facing mental health challenges.
This information is meant to be a general summary of Caribou House 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: $7
- Gross Receipts: $55,463
Assets and Liabilities:
- Total Assets: $527,772
- Total Liabilities: $595,177
- Net Assets: -$67,405
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Organization Details
Founding Year
2002
Principal Officer
Betty Yates
Main Address
PO BOX 1075, Torrance, CA, 90505
NTEE Category
Code: F33 - Mental health
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