Overview
What is Spectrum Living Solutions Inc?
Spectrum Living Solutions Inc, located in Fayetteville, Arkansas, is a nonprofit organization dedicated to enhancing the lives of neurodiverse adults. Their primary mission is to provide high-quality, person-centered living, learning, community, and working options. They are currently focusing on refining and expanding their residential clinical model, as well as developing community programs. To achieve these goals, they are collaborating with strategic partners to establish the necessary infrastructure for a "live/work/play" community. With a team of 16 dedicated individuals, Spectrum Living Solutions Inc is committed to empowering and supporting adults with developmental disabilities, fostering their independence and overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Spectrum Living Solutions Inc has received a solid Three-Star rating from Charity Navigator, indicating a generally favorable evaluation of its operations and financial health. The charity scored 79% overall, with strong accountability and finance metrics contributing to this rating. Notably, the organization boasts an entirely independent board and effective financial oversight, which are essential for transparency and governance.
The charity's financial practices are commendable, reflected in its high Program Expense Ratio of 78.98%. This suggests that a significant portion of its funds is directed towards its programs, which is a positive indicator of its commitment to fulfilling its mission. Furthermore, the presence of comprehensive policies covering conflicts of interest, whistleblower protection, and document retention indicates a robust framework for ethical operations.
However, while the ratings indicate responsible management and governance, there aren’t any specifics regarding potential challenges or areas for improvement. Overall, Spectrum Living Solutions Inc demonstrates a strong commitment to accountability and program effectiveness, making it a reliable choice for donors interested in supporting its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Spectrum Living Solutions Inc legitimate?
Spectrum Living Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Living Solutions 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: $474,610
For more financial information, click here
What is the mission statement of Spectrum Living Solutions Inc?
Spectrum Living Solutions Inc is committed to offering high-quality, personalized living, learning, community, and employment opportunities for adults with developmental disabilities. Their mission revolves around providing a person-centered approach, ensuring the well-being and growth of each individual in their care. The organization is continuously working on improving and refining its residential clinical model, as well as planning for the expansion of services and the development of community programs. Spectrum Living Solutions Inc also collaborates with strategic partners for the initial infrastructure of "live/work/play" communities, aiming to create integrated living environments for their clients.
Who is the CEO of Spectrum Living Solutions Inc?
Ashton Mccombs is the Co-Founder, Board Member of Spectrum Living Solutions Inc.
What is the revenue of Spectrum Living Solutions Inc?
Spectrum Living Solutions Inc's revenue in 2023 was $654,260.
Who are the executives of Spectrum Living Solutions Inc and what are their salaries?
The average compensation at Spectrum Living Solutions Inc during 2023 was $29,663. There are 16 employees and 40 volunteers at Spectrum Living Solutions Inc.
Here are 10 key members and their salaries:
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- Compensation: $111,560
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- Other: $3,992
Where can I find the form 990 for Spectrum Living Solutions Inc?
Spectrum Living Solutions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spectrum Living Solutions Inc
Spectrum Living Solutions Inc, a nonprofit organization, is dedicated to providing high-quality, person-centered living, learning, community, and working options for adults with developmental disabilities. Their mission is to empower these individuals by offering a range of tailored services that cater to their unique needs and preferences, enabling them to lead fulfilling lives. The organization is committed to continually refining and advancing its residential clinical model, with a focus on strategic planning for service expansion and the development of community programs. In addition, Spectrum Living Solutions Inc collaborates with strategic partners to establish initial infrastructure for a "Live/Work/Play" community, providing a holistic and inclusive living environment for the individuals they serve.
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Impact
July, 2024
Spectrum Living Solutions Inc is positively impacting the lives of neurodiverse adults by providing high quality, person-centered living, learning, community, and working options. Their advancement and refinement of the residential clinical model, strategic planning for service expansion, and development of community programs are creating a supportive environment for individuals with developmental disabilities. Through collaboration with strategic partners, Spectrum Living Solutions Inc is working towards creating a "live/work/play" community that enhances the quality of life for neurodiverse adults. Their efforts in Fayetteville, Arkansas, are making a significant difference in the human services sector.
This information is meant to be a general summary of Spectrum Living Solutions 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: $14,776
- Program Service Revenue: $285,958
- Gross Receipts: $666,478
Assets and Liabilities:
- Total Assets: $12,351
- Total Liabilities: $121,394
- Net Assets: -$109,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXEMPT SERVICES
Revenue
$285,958
Organization Details
Founding Year
2015
Phone
(479) 981-0160Principal Officer
Ashton Mccombs
Main Address
4375 N VANTAGE DR SUITE 104 104, FAYETTEVILLE, AR, 72703
NTEE Category
Code: P82 - Human services
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