Overview
What is Hope And A Home?
Hope And A Home is a nonprofit organization located in Washington, D.C., dedicated to helping low-income families with children break the cycle of poverty. Their comprehensive approach, known as the empowerment model, focuses on four key areas: affordable housing, rewarding work, higher education, and valuable community connections. They offer a housing program with two phases. Phase 1 provides transitional housing for up to three years, allowing families to secure employment, enroll children in school, and gain essential skills while addressing personal barriers to success. In Phase 2, families live independently with ongoing monthly case management to maintain their homes and achieve their goals. Hope And A Home has assisted numerous families, helping them achieve lasting independence since its inception.
Official website here: www.hopeandahome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Hope And A Home has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The organization demonstrates strong governance with 92% of its board members being independent, which is a positive sign of oversight and integrity. The charity's financial statements are thoroughly audited, and it has robust policies in place for conflict of interest and whistleblower protections.
The organization's program expense ratio is impressive at 86.28%, meaning that a significant portion of its funds is directed towards its mission rather than administrative costs. This efficiency reflects positively on its ability to utilize resources effectively to support its programs. Additionally, Hope And A Home has implemented various equity strategies, scoring 81 out of 100 in this area, showcasing its commitment to inclusivity and fairness in its operations.
While the organization scores well in both accountability and community culture, the overall score leaves some room for improvement. The 81% score in culture and community suggests that while Hope And A Home is doing well, there may be areas within community engagement and organizational culture that could be further enhanced to strengthen its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hope And A Home legitimate?
Hope And A Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope And A Home 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: $93,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,500
For more financial information, click here
Official website here: www.hopeandahome.org
What is the mission statement of Hope And A Home?
Hope and Home's mission is centered around empowering low-income families with children in their journey towards creating stable homes and making lasting changes in their lives. The organization breaks the cycle of poverty for qualified families through various programs and services. Their comprehensive empowerment model focuses on four key areas to facilitate sustainable change within families: affordable housing, rewarding work opportunities, higher education, and valuable community connections. Since its inception, Hope and Home has assisted numerous families in achieving lasting independence.
Official website here: www.hopeandahome.org
Who is the CEO of Hope And A Home?
Lynn C French is the Chair of Hope And A Home.
Official website here: www.hopeandahome.org
What is the revenue of Hope And A Home?
Hope And A Home's revenue in 2022 was $1,450,713.
Official website here: www.hopeandahome.org
Who are the executives of Hope And A Home and what are their salaries?
The average compensation at Hope And A Home during 2022 was $52,091. There are 10 employees at Hope And A Home.
Here are 14 key members and their salaries:
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Official website here: www.hopeandahome.org
Where can I find the form 990 for Hope And A Home?
Hope And A Home's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeandahome.org
Learn more at the official website: www.hopeandahome.org
Mission Statement of Hope And A Home
Hope and A Home, a nonprofit organization, aims to empower low-income families with children in Washington, D.C., to establish stable homes and bring about lasting changes in their lives. The organization breaks the cycle of poverty for eligible families through its programs and services. Hope and A Home's comprehensive empowerment model for creating sustainable change within families focuses on four primary areas for transformation: affordable housing, rewarding work, higher education, and valuable community connections. By addressing these key aspects, the nonprofit seeks to help families achieve long-term independence.
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Impact
October, 2024
Hope And A Home has made a profound impact on the lives of low-income families in Washington, DC, through its structured housing programs that foster resilience and independence. By providing 19 transitional housing units, they have created a pathway for families experiencing homelessness to secure stable housing for up to three years at significantly reduced costs. In FY 2022 alone, they assisted 21 families from local shelters, offering not just a roof over their heads, but a supportive environment that facilitates personal growth.
During their residency, families benefit from services that help them gain employment, enroll children in quality educational programs, and develop essential housing and financial literacy skills. This comprehensive approach empowers parents to address personal barriers and prepares them for achieving long-term stability and independence. By the time they graduate from the transitional phase, many families are equipped to secure affordable housing or even become homeowners, breaking the cycle of poverty.
Following their transitional period, families transition into independent housing while continuing to receive personalized case management support. This ongoing assistance ensures they maintain their homes and reach personal goals, such as furthering their education or advancing their careers. Additionally, rental assistance during the initial years of independent living alleviates financial pressures and promotes a smoother transition.
Overall, Hope And A Home has created a sustainable model for change, allowing hundreds of families to achieve lasting independence and significantly improve their quality of life, thereby contributing to the overall well-being of the community.
This information is meant to be a general summary of Hope And A Home. 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: $418
- Program Service Revenue: $810,710
- Gross Receipts: $1,450,713
Assets and Liabilities:
- Total Assets: $2,521,841
- Total Liabilities: $2,862,854
- Net Assets: -$341,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$810,710
Organization Details
Founding Year
2005
Phone
(202) 387-7091Principal Officer
Lynn C French
Main Address
1236 COLUMBIA RD NW, WASHINGTON, DC, 20009
Website
www.hopeandahome.orgNTEE Category
Code: L00 - Housing
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