Overview
What is The Seeds Of Hope Housing Inc?
The Seeds of Hope Housing Inc. is a nonprofit organization situated in Salem, Massachusetts, with a specific focus on providing permanent housing for homeless and low-income individuals. They own and manage two buildings on High Street and Endicott Street, with a total of 22 supported housing units. The organization's mission also includes offering educational programs in connection with these housing facilities. In addition, The Seeds of Hope Housing Inc. collaborates with the Salem Mission, Inc. to provide essential services such as meals, medical care, and case management, further supporting the well-being of the individuals they serve.
Official website here: www.lifebridgesalem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Seeds Of Hope Housing Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. With an overall score of 75%, the organization demonstrates effective management practices, particularly with 92% of its board members being independent, which is crucial for unbiased governance.
Strengths include a high program expense ratio of 90.60%, reflecting that a significant portion of its resources directly supports its mission. Furthermore, the organization has robust policies in place, including a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining integrity and transparency. The charity also documents board meeting minutes, reinforcing its commitment to good governance.
While The Seeds Of Hope Housing Inc showcases strong accountability and financial performance, the rating suggests there may still be areas for improvement to enhance its overall effectiveness. Continuous monitoring of operational practices and transparency will further solidify its reputation as a trusted nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Seeds Of Hope Housing Inc legitimate?
The Seeds Of Hope Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Seeds Of Hope Housing 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: $27,954
For more financial information, click here
Official website here: www.lifebridgesalem.org
What is the mission statement of The Seeds Of Hope Housing Inc?
The Seeds of Hope Housing Inc is committed to providing permanent housing for homeless and low-income individuals. They achieve this by owning, managing, and maintaining two buildings and the underlying land in an unspecified location. Additionally, the organization conducts educational programs in connection with its housing. Moreover, in collaboration with the Salem Mission Inc., they offer meals, medical care, and case management to those in need.
Official website here: www.lifebridgesalem.org
Who is the CEO of The Seeds Of Hope Housing Inc?
Thomas Holland is the Principal Officer of The Seeds Of Hope Housing Inc.
Official website here: www.lifebridgesalem.org
What is the revenue of The Seeds Of Hope Housing Inc?
The Seeds Of Hope Housing Inc's revenue in 2022 was $104,493.
Official website here: www.lifebridgesalem.org
Who are the executives of The Seeds Of Hope Housing Inc and what are their salaries?
There 13 volunteers at The Seeds Of Hope Housing Inc.
Here are 14 key members and their salaries:
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- Other: $30,431
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Official website here: www.lifebridgesalem.org
Where can I find the form 990 for The Seeds Of Hope Housing Inc?
The Seeds Of Hope Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifebridgesalem.org
Learn more at the official website: www.lifebridgesalem.org
Mission Statement of The Seeds Of Hope Housing Inc
The Seeds of Hope Housing Inc is dedicated to providing a lasting solution for homelessness and low-income individuals by overseeing, managing, and maintaining residential properties. With two buildings and the underlying land situated on High Street and Endicott Street in Salem, Massachusetts, this nonprofit organization offers permanent housing. In addition to providing shelter, Seeds of Hope Housing Inc conducts educational programs related to the housing. Moreover, in collaboration with the Salem Mission Inc, the organization extends its support by offering meals, medical care, and case management services.
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Impact
October, 2024
The Seeds Of Hope Housing Inc significantly impacts the Salem community by providing permanent housing solutions for homeless and low-income individuals. Through the ownership and management of two residential buildings, the organization offers 22 supportive housing units that create a stable living environment for those in need.
Additionally, the organization enhances its housing initiatives by conducting educational programs related to various aspects of living independently, thereby empowering residents with knowledge and skills for self-sufficiency.
In collaboration with Salem Mission, Inc., Seeds Of Hope goes beyond mere housing by offering essential services such as meals, medical care, and comprehensive case management. This holistic approach not only addresses immediate housing needs but also supports the overall well-being and integration of residents into the community, fostering a more stable and healthier environment for all.
This information is meant to be a general summary of The Seeds Of Hope Housing 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: $57
- Program Service Revenue: $104,436
- Gross Receipts: $104,493
Assets and Liabilities:
- Total Assets: $1,548,629
- Total Liabilities: $2,006,197
- Net Assets: -$457,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$104,436
Organization Details
Founding Year
2007
Phone
(978) 744-0500Principal Officer
Thomas Holland
Main Address
56 MARGIN ST, SALEM, MA, 01970
Website
www.lifebridgesalem.orgNTEE Category
Code: L20 - Housing
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