Overview
What is Door Of Hope Inc?
Door of Hope Inc, located in Memphis, Tennessee, is a dedicated nonprofit organization with a mission to assist the chronically homeless. They offer permanent housing solutions and provide ongoing support to these individuals, aiming to help them maintain stable living conditions. Their services extend beyond shelter, as they also provide weekly meals and transportation to medical appointments and facilities for various programs. Their team of dedicated case managers works closely with individuals to ensure their smooth transition into permanent housing. With a workforce of ten dedicated employees, Door of Hope Inc is committed to improving the lives of the homeless community in Memphis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Door Of Hope Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The charity scored 90% in the Accountability & Finance category, indicating robust governance practices and sound financial management.
The organization boasts a fully independent board, comprising eight members, and maintains rigorous policies on conflict of interest and document retention, which strengthens its credibility. Additionally, it has a favorable liabilities to assets ratio of 0.78%, suggesting financial stability, and an impressive program expense ratio of 73.56%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs.
While the overall financial health and governance of Door Of Hope Inc are praiseworthy, users may want to delve deeper into its program impacts and long-term effectiveness, as these aspects were not highlighted in the accountability metrics. Nonetheless, the charity's strong financial practices lay a solid foundation for its mission and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Door Of Hope Inc legitimate?
Door Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Door Of Hope 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: $283,725
For more financial information, click here
What is the mission statement of Door Of Hope Inc?
Door of Hope Inc's mission is centered around serving the chronically homeless. Their primary goal is to help individuals secure permanent housing and provide necessary support. The organization goes beyond just providing shelter, extending their services to include weekly meals and transportation to medical appointments and treatment facilities. Case managers at Door of Hope work closely with individuals to ensure they maintain their permanent housing. In essence, Door of Hope Inc is dedicated to improving the living situations and lives of chronically homeless individuals, offering them a pathway to stability and independence.
Who is the CEO of Door Of Hope Inc?
Porsha Goodman is the Board Member of Door Of Hope Inc.
What is the revenue of Door Of Hope Inc?
Door Of Hope Inc's revenue in 2022 was $1,035,427.
Who are the executives of Door Of Hope Inc and what are their salaries?
The average compensation at Door Of Hope Inc during 2022 was $28,372. There are 10 employees at Door Of Hope Inc.
Here are 6 key members and their salaries:
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- Compensation: $81,604
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- Other: $0
Where can I find the form 990 for Door Of Hope Inc?
Door Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Door Of Hope Inc
Door of Hope Inc, a nonprofit organization, is dedicated to serving the chronically homeless individuals by providing them with permanent housing and necessary support. The mission of Door of Hope Inc is to offer a solution to the homelessness issue by offering a permanent housing option and ongoing support to those in need. The organization goes beyond just providing shelter, it also offers weekly meals and transportation to medical appointments and various facilities for assistance in various programs. The team of case managers works closely with each individual to help maintain their permanent housing and ensure their well-being. Door of Hope Inc is committed to offering a supportive environment to help these individuals regain their independence and stability in life.
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Impact
October, 2024
Door of Hope Inc has made a significant impact in Memphis, TN, by addressing the needs of chronically homeless individuals. By providing permanent housing solutions, the organization helps people transition from homelessness to stability, often catering to those with special needs.
In addition to housing, Door of Hope offers crucial support services, including weekly meals and transportation assistance for medical appointments and various treatment programs. Their dedicated case managers work closely with individuals to ensure they not only secure a place to live but also maintain their housing over time. This comprehensive approach fosters a sense of community and support, ultimately improving the quality of life for some of the most vulnerable members of the community.
This information is meant to be a general summary of Door Of Hope 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.
- Gross Receipts: $1,035,427
Assets and Liabilities:
- Total Assets: $1,493,507
- Total Liabilities: $11,755
- Net Assets: $1,481,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous
Organization Details
Founding Year
2005
Phone
(615) 260-3584Principal Officer
Porsha Goodman
Main Address
245 N Bellevue Blvd, Memphis, TN, 38105
NTEE Category
Code: P85 - Human services
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