Overview
What is Hope Center Development Corporation?
Hope Center Development Corporation, a charitable organization situated in New York City, is dedicated to serving the needs of approximately 3300 individuals each month. Their primary mission is to provide food assistance, preparing balanced grocery bags weekly and ensuring daily access for families facing crises. The organization's efforts are geared towards alleviating hunger and supporting those in need within the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hope Center Development Corporation has received a two-star rating from Charity Navigator, with an overall score of 64%. This rating suggests that while the organization shows some strengths in governance and transparency, particularly with an entirely independent board and a strong program expense ratio, there are significant areas needing improvement, especially in financial reporting and accountability.
Strengths include a fully independent board and effective management of program expenses, indicating that the majority of funds are directed towards its mission. However, the nonprofit has not scored well in critical areas such as financial statements and transparency regarding its tax forms, which could raise concerns about its financial health and public trust.
Limitations include a lackluster performance in financial accountability, particularly with a score of zero on financial statements and policies related to document retention and whistleblower protections. These deficiencies suggest that while the organization is dedicated to its cause, it may need to enhance its operational transparency and governance practices to build stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Center Development Corporation legitimate?
Hope Center Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Center Development Corporation 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: $42,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hope Center Development Corporation?
The Hope Center Development Corporation, through its charitable activities, operates a food pantry that provides for approximately 3300 individuals in need each month. The pantry offers a balanced diet of groceries, and families in crisis can access these supplies daily. The corporation's mission is centered around this food distribution, aiming to assist those who require it within New York City.
Who is the CEO of Hope Center Development Corporation?
Hugh Nelson is the Principal Officer of Hope Center Development Corporation.
What is the revenue of Hope Center Development Corporation?
Hope Center Development Corporation's revenue in 2022 was $749,133.
Who are the executives of Hope Center Development Corporation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $120,003
- Other: $0
- Compensation: $29,900
- Related: $39,280
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope Center Development Corporation?
Hope Center Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Center Development Corporation
The Hope Center Development Corporation is a charitable organization with a mission to provide assistance to individuals and families in need. At the heart of their operations is a food pantry that serves approximately 3300 people each month. This food pantry strives to ensure a balanced diet for its recipients by preparing weekly grocery bags. The pantry offers daily access for families facing crisis situations throughout New York City. The Hope Center Development Corporation's mission is to serve as a charitable entity, offering sustenance to those in need, thereby contributing to the well-being of the community.
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Impact
October, 2024
Hope Center Development Corporation has a significant impact by providing essential food assistance to approximately 3,300 individuals each month. Their food pantry prepares and distributes grocery bags filled with well-balanced diet items, ensuring that families in crisis throughout New York City have access to nutritious food. With daily access to resources, they play a crucial role in alleviating food insecurity and supporting community well-being in Brooklyn and beyond.
This information is meant to be a general summary of Hope Center Development Corporation. 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: $749,133
Assets and Liabilities:
- Total Assets: $242,346
- Total Liabilities: $145,378
- Net Assets: $96,968
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Organization Details
Founding Year
2005
Phone
(718) 385-7305Principal Officer
Hugh Nelson
Main Address
409-15 E 95th Street, Brooklyn, NY, 11212
NTEE Category
Code: P28 - Human services
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