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Better Way Of Miami Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 592462933 ✦ Miami, FL ✦ Designated as a 501(c)(3)

Overview

What is Better Way Of Miami Inc?

Better Way of Miami Inc is a nonprofit organization located in Miami, Florida, offering behavioral health services to individuals struggling with substance use disorders and addiction. Their mission is to make addiction services accessible, affordable, and available to those who need them, aiming to provide shelter, residential care, treatment, housing, and services to help Indigent, homeless, and addicted persons, their families, and supporters. In the past year, they served 348 clients, working tirelessly to maximize their chances for a productive, healthy, and fulfilling life in recovery. The organization employs a workforce of 90 individuals, committed to this cause.


Official website here: www.bwom.org

Is Better Way Of Miami Inc legitimate?

Better Way Of Miami Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Way Of Miami 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.

Here are some key statistics you may want to consider:

Executive Compensation: $240,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,922,645

For more financial information, click here


Official website here: www.bwom.org

What is the mission statement of Better Way Of Miami Inc?

The mission of Better Way of Miami Inc is to make addiction services accessible, affordable, and available to those who need them. The organization's primary goal is to offer shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted individuals, their families, and supporters. By providing these resources, the organization aims to maximize their chances for a productive, healthy, and fulfilling life in recovery. During the year, Better Way of Miami, Inc. offered services to 348 clients.


Official website here: www.bwom.org

Who is the CEO of Better Way Of Miami Inc?

Michael Festinger is the President/Chief Executive of Better Way Of Miami Inc. The CEO's salary of Better Way Of Miami Inc is $121,516 and their total compensation is $129,618.


Official website here: www.bwom.org

What is the revenue of Better Way Of Miami Inc?

Better Way Of Miami Inc's revenue in 2022 was $5,581,677.


Official website here: www.bwom.org

Who are the executives of Better Way Of Miami Inc and what are their salaries?

The average compensation at Better Way Of Miami Inc during 2022 was $24,030. There are 90 employees and 7 volunteers at Better Way Of Miami Inc.

Here are 9 key members and their salaries (Better Way Of Miami Inc's CEO's salary is $121,516 and their total compensation is $129,618):

    Michael Festinger (President/Chief Executive)
  • Compensation: $121,516
  • Related: $0
  • Other: $8,102

    • Samuel Goldberg (Chief Financial Officer)
  • Compensation: $85,112
  • Related: $0
  • Other: $19,848

    • Nany J Cliff Esq (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Mitchell (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Whitehead (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Jennings (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amador Odio (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin C Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa P St John Cpa (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bwom.org

    Where can I find the form 990 for Better Way Of Miami Inc?

    The Better Way Of Miami Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bwom.org

    Learn more at the official website: www.bwom.org

    Mission Statement of Better Way Of Miami Inc

    Better Way of Miami Inc, a non-profit organization, is dedicated to making addiction services accessible, affordable, and available to those who need them. Their mission is to provide shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted persons, their families, and supporters. This mission aims to maximize the chances for a productive, healthy, and fulfilling life in recovery for these individuals. Through their behavioral health services, Better Way of Miami Inc assists individuals struggling with substance use disorders and addiction, providing them with the support they need to overcome their challenges and lead a fulfilling life in recovery. In the past year, the organization has served 348 clients.

    Impact

    This information is meant to be a general summary of Better Way Of Miami Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    Better Way Of Miami Inc's impact is significant in providing addiction services to individuals in need. By offering behavioral health services to those struggling with substance use disorders and addiction, the organization is actively working to support individuals on their journey to recovery. In the past year alone, Better Way Of Miami Inc has provided services to 348 clients, indicating the reach and impact of their efforts in the community. Through their mission to provide shelter, residential care, treatment, housing, and services to indigent, homeless, and addicted persons, along with their families and supporters, the organization aims to maximize the chances of these individuals leading productive, healthy, and fulfilling lives in recovery. This demonstrates the organization's commitment to addressing mental health challenges and making a positive difference in the lives of those they serve in Miami, Florida.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $591,796
  • Gross Receipts: $5,581,677

    • Assets and Liabilities:
  • Total Assets: $7,764,807
  • Total Liabilities: $669,180
  • Net Assets: $7,095,627
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CLIENT RENTAL INCOME

    Revenue

    $522,394

    OTHER CLIENT REVENUE

    Revenue

    $69,402

    Organization Details

    Founding Year

    1984

    Principal Officer

    Michael Festinger

    Main Address

    800 NW 28TH STREET, MIAMI, FL, 33127

    NTEE Category

    Code: F200 - Mental health

    If you are a representative of Better Way Of Miami Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.