How do we help people in the midlands?
New Ethos House is run by New Ethos Nottingham 2 C.I.C, a Community Interest Company, otherwise known as a ‘not-for-profit organisation by guarantee, set up to provide specified supervised supported temporary accommodation and a safe environment for individuals wanting to experience abstinence. We are an Independent 21st Century Voluntary Sector Company: We feed the recovery process and the recovering individual first.
The Community Interest Company:
This company structure combines all advantages and no losses. It is the same structure as a limited company in that the Directors are in charge. This means that it is they who are empowered to make decisions and not be impeded by well-meaning but naturally conservative committees that Charities are often tied to. Ideal for a small, innovative company needing to hold a responsive edge in a changing sector.
Within Community Interest Company status, the company remains primarily focused on its core aims and not on profits for the Directors or shareholders. Similarly, the financial potential is not a barrier as within Charitable structures. Recovery comes first and money comes second.