Overview
What is Hope House Foundation Inc?
Hope House Foundation Inc, situated in Huntsville, North Carolina, is a compassionate nonprofit organization with a mission to offer transitional housing for women and their children. With a dedicated workforce of nine individuals, the foundation provides a supportive environment aimed at helping families in need. The organization's primary focus is on offering a safe and nurturing space, providing essential necessities, and offering resources to assist in their transition towards a more stable living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Stars)
Hope House Foundation Inc has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a fully independent board, which is a positive aspect reflecting governance quality. However, it has been noted that there is a lack of essential financial statements and several key policies, such as conflict of interest and whistleblower protections, are missing.
The financial health of Hope House Foundation is somewhat reassuring, as evidenced by a low liabilities to assets ratio of 0.46%, suggesting stability. Additionally, the program expense ratio of 63.29% indicates that a significant portion of its budget is directed towards its programs, which is generally favorable. Nonetheless, the absence of posted tax forms and other important documentation on its website raises concerns regarding transparency.
Overall, while the organization demonstrates strength in governance and programmatic spending, the deficiencies in financial documentation and policy frameworks limit its accountability. Potential donors and stakeholders may want to consider these factors carefully when evaluating their support for Hope House Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Hope House Foundation Inc legitimate?
Hope House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope House Foundation 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: $144,491
For more financial information, click here
What is the mission statement of Hope House Foundation Inc?
The Hope House Foundation Inc's mission is centered around providing transitional housing for women and children. This mission is carried out by offering a safe and supportive living environment during a critical period of transition in their lives. The foundation aims to provide the necessary resources and support to help these individuals regain their footing and build a stable future. By offering transitional housing, Hope House Foundation Inc is contributing to the overall well-being and empowerment of vulnerable women and children, enabling them to overcome challenges and move forward with confidence.
Who is the CEO of Hope House Foundation Inc?
Ron Gomilla is the Secretary/Tr of Hope House Foundation Inc.
What is the revenue of Hope House Foundation Inc?
Hope House Foundation Inc's revenue in 2022 was $744,964.
Who are the executives of Hope House Foundation Inc and what are their salaries?
The average compensation at Hope House Foundation Inc during 2022 was $16,055. There are 9 employees at Hope House Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope House Foundation Inc?
Hope House Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope House Foundation Inc
Hope House Foundation Inc is dedicated to providing transitionary housing for women and their children. Their mission is centered around offering a safe and supportive environment for these individuals as they work towards rebuilding their lives. The foundation's primary objective is to provide temporary shelter and essential provisions, such as food and clothing, to help these women and their children during their transition period. By offering these services, Hope House Foundation Inc aims to empower and support these families, enabling them to regain their independence and stability.
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Impact
August, 2024
Hope House Foundation Inc's impact is felt in the lives of women and children in Huntersville, NC who are in need of transitional housing. Through their efforts, individuals facing difficult circumstances have access to safe and stable living environments, allowing them to regain their footing and work towards a brighter future. Hope House Foundation Inc's mission to provide transitional housing plays a crucial role in addressing homelessness and supporting vulnerable populations in the community.
This information is meant to be a general summary of Hope House Foundation 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: $106
- Program Service Revenue: $21,644
- Gross Receipts: $744,964
Assets and Liabilities:
- Total Assets: $2,010,191
- Total Liabilities: $6,394
- Net Assets: $2,003,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$21,644
Organization Details
Phone
(704) 992-0061Principal Officer
Ron Gomilla
Main Address
PO BOX 61, HUNTERSVILLE, NC, 28070
NTEE Category
Code: L40 - Housing
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