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Abundance 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: 820575830 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Abundance Living Inc?

Abundance Living Inc, situated in Houston, Texas, is a dedicated nonprofit organization with a mission to empower individuals, specifically the homeless and ex-offenders. Their primary focus is to help these individuals transition towards self-sufficient, law-abiding lives, free from substance abuse. They accomplish this by providing transitional housing and offering comprehensive substance abuse and life skills training to around 200 individuals. Their goal is to empower these individuals to lead productive lives, thereby contributing positively to their communities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 24%

Abundance Living Inc has received a low rating of 24%, earning it a Zero-Star out of Four Stars designation. This rating highlights significant concerns regarding the charity's financial accountability and transparency. Key areas of deficiency include a complete lack of independent board members and missing financial statements, which are critical for assessing the organization's fiscal health and governance.

Despite some positive elements, such as having a conflict of interest policy and a whistleblower policy in place, the overall financial picture remains troubling. The organization reports a liabilities to assets ratio of 186.56%, indicating potential financial instability. Additionally, there is no allocation of funds towards program expenses, which raises questions about the charity's operational effectiveness and mission impact.

Overall, Abundance Living Inc's poor performance in essential accountability metrics signals a need for improvement in governance and financial reporting. Donors should exercise caution and seek more information before contributing, as the current rating suggests a lack of transparency and potential risks associated with the charity's management practices.


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

Is Abundance Living Inc legitimate?

Abundance Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abundance 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: $560,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Abundance Living Inc?

Abundance Living Inc's mission is centered around empowering individuals, specifically those who are homeless and ex-offenders, to lead productive, law-abiding lives free from the influence of drugs and alcohol. The organization strives to achieve this by offering transitional housing and providing substance abuse and life skills training to a considerable number of individuals in need. The goal is to help these individuals transform their lives, enabling them to live independently and positively contribute to their communities.

Who is the CEO of Abundance Living Inc?

Wanda Seals is the Executive Director of Abundance Living Inc.

What is the revenue of Abundance Living Inc?

Abundance Living Inc's revenue in 2022 was $825,559.

Who are the executives of Abundance Living Inc and what are their salaries?


There is 1 key member and their salary:


Wanda Seals (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Abundance Living Inc?

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

Mission Statement of Abundance Living Inc

Abundance Living Inc, a nonprofit organization, is committed to empowering individuals who have faced challenges such as homelessness and ex-offender status. Their mission is to help these individuals live productive, law-abiding lives, free from the influence of drugs and alcohol. The organization's objective is to provide them with the tools and support necessary to overcome these challenges and lead fulfilling lives. To accomplish this, Abundance Living Inc offers transitional housing for 200 ex-offenders struggling with substance abuse issues. Additionally, they provide substance abuse and life skills training to an equal number of individuals, aiming to equip them with the necessary skills to maintain a drug-free and alcohol-free lifestyle.

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Impact




July, 2024

Abundance Living Inc has had a significant impact on the Houston community by empowering individuals, including ex-offenders and the homeless, to live productive, law-abiding lives free of drugs and alcohol. Through providing transitional housing for over 200 ex-offenders with substance abuse issues, as well as offering substance abuse and life skills training to another 200 ex-offenders, Abundance Living Inc has played a crucial role in helping these individuals reintegrate into society and work towards a better future. Their dedication to human services and their commitment to giving individuals a second chance have made a positive difference in the lives of many in Houston.




This information is meant to be a general summary of Abundance 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
$825,559 (2022)
Expenses
$937,976 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $825,559

Assets and Liabilities:

  • Total Assets: $208,888
  • Total Liabilities: $389,705
  • Net Assets: -$180,817

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Organization Details

Principal Officer

Wanda Seals

Main Address

8512 WHEATLY ST, Houston, TX, 77088

NTEE Category

Code: P82 - Human services

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