Overview
What is Hearts Of Gold Inc?
Hearts of Gold Inc. is a charitable organization based in New York City, specifically at 40 West 25th Street, with a mission to empower and educate homeless mothers and their children. Through their Fresh Start University program, they offer intensive vocational training, self-assessment, life skills development, and paid internships, aiming to help these women enter the job market and secure permanent homes. Additionally, Hearts of Gold provides reusable laundry bags filled with household and personal items to homeless mothers entering and exiting the New York City shelter system, offering them essential support during this challenging period.
Official website here: www.heartsofgold.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% - Three-Star out of Four Star rating from Charity Navigator.
Hearts Of Gold Inc has received a commendable score of 88%, reflecting its strong commitment to accountability and finance, which comprises the majority of its rating. With an independent board, effective conflict of interest policies, and a low liabilities to assets ratio, the organization demonstrates solid financial health. Its program expense ratio of 71.73% indicates that a significant portion of its funds are directed towards its programs, which is a positive sign for potential donors.
Moreover, Hearts Of Gold Inc excels in leadership and adaptability, achieving a perfect score in these areas. This indicates that the organization has strong strategic planning and capable leadership, which are crucial for navigating challenges and ensuring ongoing effectiveness. The organization's culture and community involvement also received a perfect score, showcasing its commitment to fostering an inclusive environment and actively seeking feedback to improve operations.
While the organization has many strengths, the relatively lower scores in culture and community may suggest potential areas for growth. Continuous efforts to enhance community engagement could further improve its overall impact. Nonetheless, Hearts Of Gold Inc stands out as a well-managed nonprofit with a strong focus on accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hearts Of Gold Inc?
96% of 15 reviewers on Facebook recommend Hearts Of Gold Inc. Here is a summary of their reviews:
Reviewers express a strong appreciation for the organization's mission and the impact they make in the community. Many highlight the commitment and dedication of the staff, noting how they genuinely care and provide essential support. The positive emotions conveyed suggest that the services offered meet the needs of those they serve, reinforcing the organization's effectiveness.
Overall, the sentiment surrounding Hearts Of Gold Inc. is overwhelmingly positive, with supporters feeling confident in recommending the organization to others. The consistent praise indicates that it truly delivers on its promises and maintains a solid reputation within its constituency.
This AI summary has been generated from reviews found on Facebook.
Is Hearts Of Gold Inc legitimate?
Hearts Of Gold Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearts Of Gold 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: $194,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,934
For more financial information, click here
Official website here: www.heartsofgold.org
What is the mission statement of Hearts Of Gold Inc?
Hearts of Gold Inc is a charitable organization with a mission to empower and educate homeless mothers and their children, helping them break the cycle of homelessness and transition into permanent homes. Through their Fresh Start Program and Hearts of Gold Fresh Start University (FSU), they provide intensive occupational, self-assessment, and life skills training, as well as living-wage paid internships, to homeless, formerly homeless, and low-income single mothers in New York City. The organization also offers reusable laundry bags filled with household and personal items to homeless mothers entering and exiting the New York City shelter system. Their ultimate goal is to help these women enter the job market and obtain their own homes, thereby enriching their lives and their children's.
Official website here: www.heartsofgold.org
Who is the CEO of Hearts Of Gold Inc?
Deborah Koenigsberger is the Ceo of Hearts Of Gold Inc. The CEO's salary of Hearts Of Gold Inc is $194,063 and their total compensation is $194,063.
Official website here: www.heartsofgold.org
What is the revenue of Hearts Of Gold Inc?
Hearts Of Gold Inc's revenue in 2022 was $1,125,422.
Official website here: www.heartsofgold.org
Who are the executives of Hearts Of Gold Inc and what are their salaries?
Here are 10 key members and their salaries (Hearts Of Gold Inc's CEO's salary is $194,063 and their total compensation is $194,063):
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Official website here: www.heartsofgold.org
Where can I find the form 990 for Hearts Of Gold Inc?
Hearts Of Gold Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heartsofgold.org
Learn more at the official website: www.heartsofgold.org
Mission Statement of Hearts Of Gold Inc
Hearts of Gold Inc, a charitable organization, is dedicated to empowering and educating homeless mothers and their children. Its mission is to assist these individuals in breaking the cycle of homelessness and transitioning out of shelters into permanent homes. The organization achieves this goal through its Fresh Start Program and Hearts of Gold Fresh Start University (FSU).
The Fresh Start Program, a workforce development initiative by Hearts of Gold Inc, offers intensive occupational, self-assessment, and life-skills training to single mothers in New York City. This program also provides living-wage paid internships, enabling these women to gain valuable work experience and increase their chances of securing stable employment.
In addition to the Fresh Start Program, Hearts of Gold Inc also provides reusable laundry bags filled with household and personal items to homeless mothers entering and exiting the New York City shelter system. This small yet significant gesture offers these women a sense of dignity and practical support as they navigate their journey towards self-sufficiency. In essence, Hearts of Gold Inc aims to enrich the lives of homeless mothers and their children, equipping them with the skills and resources needed to secure a better future.
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Impact
October, 2024
Hearts Of Gold Inc plays a transformative role in enriching the lives of homeless mothers and their children in New York City by empowering them to break the cycle of homelessness. The organization’s Fresh Start University (FSU) offers a comprehensive workforce development program that delivers intensive occupational training, life skills education, and self-assessment opportunities. This holistic approach equips women with the necessary tools to secure employment and achieve stability.
By providing living-wage paid internships, Hearts Of Gold facilitates real-world experience, helping participants transition from shelters to permanent homes. The program caters specifically to the needs of low-income, formerly homeless, and homeless single mothers, addressing their unique challenges in the job market.
In addition to educational programs, Hearts Of Gold assists mothers by supplying reusable laundry bags filled with essential household and personal items, easing their transition into shelter life and beyond. Through these initiatives, Hearts Of Gold not only offers immediate support but also creates sustainable pathways for independence, empowering families to build better futures.
This information is meant to be a general summary of Hearts Of Gold 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.
- Investment Income: $537
- Gross Receipts: $1,161,556
Assets and Liabilities:
- Total Assets: $2,375,833
- Total Liabilities: $0
- Net Assets: $2,375,833
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Organization Details
Founding Year
2001
Phone
(212) 206-1461Principal Officer
Deborah Koenigsberger
Main Address
40 WEST 25TH STREET, NEW YORK, NY, 10010
Website
www.heartsofgold.orgNTEE Category
Code: T30 - Philanthropy
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