Overview
What is Llangollen Hope House Inc?
Llangollen Hope House Inc is a nonprofit organization situated in Wilmington, Delaware, specifically at 121 North Poplar Street. Their primary mission is to provide affordable housing for individuals with developmental disabilities. By owning and operating such residences, they contribute significantly to this community, ensuring they have a secure and suitable living environment. Their work is dedicated solely to this purpose, with a passion to improve the quality of life for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star Rating)
Llangollen Hope House Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of overall performance primarily in the realm of accountability and finance. The charity's score reflects strong governance practices, including a fully independent board and sound management of its financial documents, which are critical for transparency and accountability in nonprofit operations.
The organization excels in maintaining a majority independent board and has implemented solid policies for conflict of interest and document retention, earning maximum points in these areas. Additionally, the charity demonstrates a commendable program expense ratio, indicating that all of its expenses are directed towards its programs, which highlights its commitment to mission-driven work.
However, a significant concern arises from the liabilities to assets ratio at 137.55%, which resulted in a low score in that area. This high ratio suggests potential financial risk, which might raise concerns among donors regarding the organization's long-term sustainability and financial health. Overall, while Llangollen Hope House Inc shows strengths in governance and program funding, its financial liabilities warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Llangollen Hope House Inc legitimate?
Llangollen Hope House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Llangollen Hope House 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: $0
For more financial information, click here
What is the mission statement of Llangollen Hope House Inc?
Llangollen Hope House Inc's mission is centered around providing low-income housing for individuals with developmental disabilities. The organization's primary objective is to own and manage these housing facilities, aiming to offer a safe and inclusive living environment for those in need. The organization's activities are dedicated to this mission, ensuring that individuals with developmental disabilities have access to housing that suits their needs and circumstances. By providing such housing, Llangollen Hope House Inc plays a crucial role in supporting these individuals and enabling them to live with dignity and independence.
Who is the CEO of Llangollen Hope House Inc?
Michelle Butler is the President of Llangollen Hope House Inc.
What is the revenue of Llangollen Hope House Inc?
Llangollen Hope House Inc's revenue in 2022 was $62,917.
Who are the executives of Llangollen Hope House Inc and what are their salaries?
There 4 volunteers at Llangollen Hope House Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Llangollen Hope House Inc?
Llangollen Hope House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Llangollen Hope House Inc
Llangollen Hope House Inc is committed to serving individuals with developmental disabilities by owning and operating low-income housing. This nonprofit organization's mission is singularly focused on providing a home for individuals with developmental disabilities who may face financial challenges. By owning and operating these housing facilities, Llangollen Hope House Inc strives to create an inclusive living environment that caters to the unique needs of its residents. The organization's primary goal is to ensure that these individuals have access to safe, affordable, and supportive housing, thereby enhancing their quality of life.
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Impact
August, 2024
Llangollen Hope House Inc's impact lies in providing essential low-income housing for individuals with developmental disabilities in Wilmington, Delaware. By offering a safe and supportive living environment, this organization plays a crucial role in enhancing the quality of life for those who may face challenges in accessing suitable housing options. Additionally, Llangollen Hope House Inc contributes to promoting inclusivity and independence for its residents, ultimately fostering a more inclusive and compassionate community.
This information is meant to be a general summary of Llangollen Hope House 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.
- Program Service Revenue: $62,917
- Gross Receipts: $62,917
Assets and Liabilities:
- Total Assets: $536,324
- Total Liabilities: $737,762
- Net Assets: -$201,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$62,917
Organization Details
Founding Year
2009
Phone
(302) 322-0452Principal Officer
Michelle Butler
Main Address
121 NORTH POPLAR STREET, WILMINGTON, DE, 19801
NTEE Category
Code: L20 - Housing
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