Overview
What is Project Kompass Incorporated?
Project Kompass Incorporated is a nonprofit organization situated in North Chelmsford, Massachusetts, dedicated to offering transitional housing and related services to homeless teenagers and young adults in the Merrimack Valley area. Over the past year, they have assisted 74 residents, including 9 infants, by providing necessary essentials, food, and temporary accommodations. The organization also offers support to local families and continues to help their graduate residents during times of need. Project Kompass has introduced an equine therapy program for interested individuals and implemented a savings program to help residents manage debt and save for future housing costs. Several residents have successfully pursued education or training, with one moving to Chicago for nursing school and another to Seattle for environmental training and firefighting. The organization has also been active in community service, such as distributing hygiene products and catering lunch for local youth. Project Kompass collaborates with local agencies to provide quick access to therapy and counseling, offering hands-on education and training in farming skills.
Official website here: www.projectkompass.org
Is Project Kompass Incorporated legitimate?
Project Kompass Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Kompass Incorporated 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: $97,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,093
For more financial information, click here
Official website here: www.projectkompass.org
What is the mission statement of Project Kompass Incorporated?
Project Kompass Incorporated's mission is centered around providing transitional housing and essential services to homeless teens and young adults in need. By collaborating with local agencies, the organization aims to create a holistic approach to help these individuals transition from housing insecurity to housing security, eventually leading to independent living. During the year, Project Kompass assisted 74 residents, including families and infants, with housing, food, clothing, and other essentials. They also extended their program to include equine therapy and implemented a savings program focused on debt repayment and future housing costs. Several residents were able to further their education and training, with one moving to attend nursing school in Chicago and another attending environmental training and firefighting in Seattle. The residents also engaged in community service, such as distributing hygiene products to local homeless encampments.
Official website here: www.projectkompass.org
Who is the CEO of Project Kompass Incorporated?
Ronnie Hoey is the President/Treasurer/Executive Direct of Project Kompass Incorporated.
Official website here: www.projectkompass.org
What is the revenue of Project Kompass Incorporated?
Project Kompass Incorporated's revenue in 2023 was $358,732.
Official website here: www.projectkompass.org
Who are the executives of Project Kompass Incorporated and what are their salaries?
The average compensation at Project Kompass Incorporated during 2023 was $46,302. There are 4 employees at Project Kompass Incorporated.
Here are 8 key members and their salaries:
- Compensation: $97,115
- Related: $0
- Other: $11,302
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.projectkompass.org
Where can I find the form 990 for Project Kompass Incorporated?
Project Kompass Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.projectkompass.org
Learn more at the official website: www.projectkompass.org
Mission Statement of Project Kompass Incorporated
Project Kompass Incorporated is dedicated to providing transitional housing and related services for homeless teens and young adults in the Merrimack Valley area. Their mission is threefold: firstly, to offer housing and life skills to young adults experiencing housing insecurity. Secondly, by partnering with local agencies, Project Kompass strives to create a holistic approach to helping area youth transition from housing instability to housing security, and ultimately, independent living.
Project Kompass Inc. believes in a comprehensive approach to address the complex needs of homeless youth. During the year ending June 30, 2023, the organization provided housing and support to 74 residents, including 9 infants, and extended assistance to several local families with essentials like food and clothing. The organization also offered short-term assistance, such as hotel accommodations, to two young men and continued to support many of their graduate residents with necessary items during times of need.
Moreover, Project Kompass Incorporated has implemented programs like equine therapy and a savings program, where residents focus on paying off debt and saving towards future housing costs. The organization has seen several young women residents move on to attend school or technical training, fulfilling their educational and training goals. One resident even moved to Chicago to attend nursing school, while another moved to Seattle for environmental training and firefighting.
In terms of community outreach, Project Kompass residents have shown initiative by packaging and delivering essential items to local homeless encampments. They also catered lunch to 200 Lowell Youth Leadership Program campers. The organization has also collaborated with local farms and the Greater Lowell Personal Development Center to offer hands-on education and training to residents.
In summary, Project Kompass Incorporated is a mission-driven organization that provides housing and life skills to homeless teens and young adults, aiming to help them transition from housing instability to independence. They offer a holistic approach to addressing the needs of these vulnerable individuals through partnerships with local agencies and a range of programs and outreach activities.
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Impact
October, 2024
Project Kompass Incorporated is making a transformative impact on the lives of homeless teens and young adults in the Merrimack Valley area by providing transitional housing and essential services. In the past year, it has assisted 74 residents, including young families, with crucial resources like food, clothing, and baby essentials. The organization has successfully implemented programs to support residents' future independence, including a savings initiative aimed at debt reduction and housing preparation.
An important aspect of Project Kompass's impact is its focus on education and personal development. Numerous young women have moved on to pursue educational opportunities, such as nursing and environmental training, reflecting the organization's commitment to empowering its residents. Through equine therapy and hands-on farm education, residents also gain valuable life skills and emotional support, providing a holistic approach to recovery and development.
Community outreach is another vital component of their work. Residents have actively engaged in initiatives like packaging and distributing hygiene supplies to local homeless encampments, fostering a sense of agency and responsibility among them. Collaborations with local organizations enhance access to therapy and counseling services, ensuring that mental health needs are met.
Overall, Project Kompass is not just providing housing; it is actively nurturing the skills and capacities of its residents, paving the way for stable futures and strong community ties.
This information is meant to be a general summary of Project Kompass Incorporated. 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.
- Gross Receipts: $368,576
Assets and Liabilities:
- Total Assets: $688,241
- Total Liabilities: $6,487
- Net Assets: $681,754
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Organization Details
Founding Year
2020
Phone
(978) 710-4225Principal Officer
Ronnie Hoey
Main Address
83 MIDDLESEX STREET, NORTH CHELMSFORD, MA, 01863
Website
www.projectkompass.orgNTEE Category
Code: L40 - Housing
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