Overview
What is Balancedcare Community Services Inc?
Balancedcare Community Services Inc, situated in Rochester, New York, is a nonprofit organization dedicated to offering financial management solutions for vulnerable populations. They serve as representative payees, managing benefit payments for individuals who need assistance due to incapacity. Additionally, Balancedcare collaborates with the U.S. Department of Veterans Affairs as a VA federally appointed fiduciary, ensuring the proper use of benefit dollars for disabled veterans or their loved ones. Furthermore, their Pooled Trust program allows individuals to become eligible for public assistance benefits while preserving their income for living expenses and additional needs. By providing these services, Balancedcare Community Services Inc aims to enhance financial security and independence for its clients.
Official website here: www.balanced-care.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three-Star out of Four Stars (81%)
Balancedcare Community Services Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is derived entirely from their Accountability & Finance metrics, which reflect a commitment to transparency and responsible management of funds. An 81% score suggests that while there are strengths, there may also be areas for improvement.
The organization demonstrates strong governance practices, as evidenced by its fully independent board with eight members, along with robust financial oversight mechanisms. Key strengths include having no material diversion of assets and comprehensive policies concerning conflict of interest and whistleblowing. Additionally, a high program expense ratio of 74.40% indicates that a significant portion of their spending directly supports their mission.
However, the organization received a low score for its liabilities to assets ratio, which is 99.87%. This may raise concerns regarding financial stability, suggesting that while they manage their resources well, they could be relying heavily on their current assets. Overall, the rating reflects a trustworthy organization with effective governance, balanced by some financial stability concerns.
This AI summary has been generated from information found on Charity Navigator.
Is Balancedcare Community Services Inc legitimate?
Balancedcare Community Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Balancedcare Community Services 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: $479,961
For more financial information, click here
Official website here: www.balanced-care.org
What is the mission statement of Balancedcare Community Services Inc?
Balancedcare Community Services Inc is committed to providing reliable financial and fiduciary solutions for vulnerable populations. Their mission is to serve as a trusted intermediary, managing benefit payments for individuals who are unable to do so themselves. In this capacity, they act as a representative payee for Social Security beneficiaries and as a VA federally appointed fiduciary, ensuring the proper management of Disabled Veterans' benefit dollars. Additionally, Balancedcare Community Services Inc offers the service of a Pooled Trust, a special type of trust that allows individuals to become financially eligible for public assistance benefits while preserving their income for living expenses and supplemental needs.
Official website here: www.balanced-care.org
Who is the CEO of Balancedcare Community Services Inc?
Jason Tracy is the Vice-Chair of Balancedcare Community Services Inc. The CEO's salary of Balancedcare Community Services Inc is $0 and their total compensation is $0.
Official website here: www.balanced-care.org
What is the revenue of Balancedcare Community Services Inc?
Balancedcare Community Services Inc's revenue in 2022 was $953,003.
Official website here: www.balanced-care.org
Who are the executives of Balancedcare Community Services Inc and what are their salaries?
The average compensation at Balancedcare Community Services Inc during 2022 was $36,920. There are 13 employees and 7 volunteers at Balancedcare Community Services Inc.
Here are 8 key members and their salaries (Balancedcare Community Services Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.balanced-care.org
Where can I find the form 990 for Balancedcare Community Services Inc?
Balancedcare Community Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balanced-care.org
Learn more at the official website: www.balanced-care.org
Mission Statement of Balancedcare Community Services Inc
Balancedcare Community Services Inc, as a mission-driven organization, is committed to delivering reliable financial and fiduciary solutions for populations in vulnerability. Their primary objective is to provide these services, ensuring that benefit payments for individuals deemed incapable of managing their own funds are handled responsibly.
One of their key roles is serving as a representative payee, appointed by Social Security to manage benefit payments for individuals who are unable to do so independently. By assuming this responsibility, Balancedcare Community Services Inc helps to safeguard benefit dollars for vulnerable populations, ensuring they are used effectively for living expenses and supplemental needs.
Moreover, Balancedcare Community Services Inc also acts as a VA federally appointed fiduciary, working in collaboration with the U.S. Department of Veteran Affairs. In this capacity, they assure that Disabled Veterans or their loved ones' benefit dollars are not mismanaged.
Lastly, Balancedcare Community Services Inc manages Pooled Trusts, a unique type of trust designed to allow individuals of any age to become eligible for public assistance benefits such as Medicaid home care. By preserving their monthly income within this trust, they can continue to meet their living expenses and supplemental needs. In essence, Balancedcare Community Services Inc plays a crucial role in ensuring financial stability and security for vulnerable populations.
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Impact
July, 2024
Balancedcare Community Services Inc's impact is significant in providing trusted financial and fiduciary solutions for vulnerable populations. The organization serves as a representative payee, helping individuals who are unable to manage their benefit payments. By working as a VA federally appointed fiduciary, Balancedcare ensures that disabled veterans and their loved ones' benefit dollars are not being mismanaged. Additionally, through their Pooled Trust program, Balancedcare helps individuals maintain eligibility for public assistance benefits while preserving their income for living expenses and supplemental needs. By offering these crucial services, Balancedcare Community Services Inc positively impacts the lives of vulnerable populations in the Rochester, NY area.
This information is meant to be a general summary of Balancedcare Community Services 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.
- Program Service Revenue: $926,128
- Gross Receipts: $953,003
Assets and Liabilities:
- Total Assets: $9,549,795
- Total Liabilities: $9,488,084
- Net Assets: $61,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client Fees
Revenue
$926,128
Organization Details
Founding Year
2019
Phone
(585) 360-1854Principal Officer
Jason Tracy
Main Address
87 N Clinton Ave 2, Rochester, NY, 14604
Website
www.balanced-care.orgNTEE Category
Code: P20 - Human services
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