Overview
What is Homes For Hope?
Homes for Hope is a nonprofit organization based in Lancaster, Pennsylvania, dedicated to alleviating physical and spiritual poverty in developing countries worldwide. They achieve this by partnering with builders and their trade partners, who contribute funds from domestic building projects. These funds are then utilized to support biblically based training, loans, and savings services through micro-enterprise development ministries in 17 countries. Homes for Hope's mission is to invest in underserved families globally, promoting their holistic flourishing, ultimately glorifying God. With a small team of four individuals, they strive to love both God and their fellow humans by breaking the cycle of poverty.
Official website here: www.homes4hope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
Homes For Hope has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity boasts a high accountability score of 90%, with notable strengths in areas such as an independent board and rigorous financial oversight. The organization has no material diversion of assets and maintains a healthy liabilities to assets ratio, indicating solid financial management.
The nonprofit excels in leadership and adaptability, earning a perfect score of 100 in this category. This is indicative of effective strategic planning and responsive leadership, enabling the organization to effectively meet its goals and adapt to changing circumstances. Furthermore, its fundraising efficiency is commendable, with only $0.09 spent to raise a dollar, demonstrating a commitment to maximizing donor contributions.
While the organization shows strong performance overall, potential donors might still consider the context of its operations and long-term impact. However, the available data suggests that Homes For Hope is well-managed and dedicated to its mission, making it a reputable choice for charitable support.
This AI summary has been generated from information found on Charity Navigator.
Is Homes For Hope legitimate?
Homes For Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For Hope 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: $110,421
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,451
For more financial information, click here
Official website here: www.homes4hope.org
What is the mission statement of Homes For Hope?
Homes For Hope, an organization, partners with the building industry to invest in underserved families globally, promoting their holistic flourishing. This is achieved through donations generated from domestic building projects, which Homes For Hope utilizes to provide biblically based training, loans, and savings services. The goal is to restore dignity and break the cycle of poverty, all motivated by the desire to love God and love others.
Official website here: www.homes4hope.org
Who is the CEO of Homes For Hope?
Matthew Baehr is the President of Homes For Hope.
Official website here: www.homes4hope.org
What is the revenue of Homes For Hope?
Homes For Hope's revenue in 2022 was $2,742,433.
Official website here: www.homes4hope.org
Who are the executives of Homes For Hope and what are their salaries?
The average compensation at Homes For Hope during 2022 was $57,468. There are 4 employees and 7 volunteers at Homes For Hope.
Here are 9 key members and their salaries:
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- Compensation: $83,325
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- Other: $27,096
Official website here: www.homes4hope.org
Where can I find the form 990 for Homes For Hope?
Homes For Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homes4hope.org
Learn more at the official website: www.homes4hope.org
Mission Statement of Homes For Hope
Homes For Hope is a nonprofit organization with a mission to partner with the building industry to invest in underserved families worldwide, fostering their holistic flourishing towards the glory of God. The organization achieves this mission by collecting funds generated from domestic building projects donated by industry partners. These funds are then utilized to provide biblically based training, loans, and savings services, ultimately restoring dignity and breaking the cycle of poverty. Homes For Hope's motivation stemms from a deep-rooted desire to love God and love others, aligning their actions with these fundamental principles.
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Impact
October, 2024
Homes For Hope makes a significant impact by partnering with the building industry to provide essential support for underserved families globally. Through contributions from domestic building projects, it funds biblically based training, loans, and savings services aimed at restoring dignity and breaking the cycle of poverty. This initiative focuses on holistic flourishing, addressing both physical and spiritual needs.
The organization works with various builders and trade partners to create resources that facilitate economic empowerment. By investing in micro-enterprise development ministries in 17 countries, it helps families build sustainable livelihoods and enhances their overall quality of life, fostering community resilience and growth. Ultimately, Homes For Hope is driven by a mission to love God and uplift others, which reflects in its commitment to alleviating poverty and promoting dignity among the families it serves.
This information is meant to be a general summary of Homes For Hope. 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: $171,544
- Gross Receipts: $2,742,433
Assets and Liabilities:
- Total Assets: $4,286,219
- Total Liabilities: $409,075
- Net Assets: $3,877,144
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Organization Details
Founding Year
2005
Phone
(717) 464-3220Principal Officer
Matthew Baehr
Main Address
227 GRANITE RUN DRIVE 250, LANCASTER, PA, 176016813
Website
www.homes4hope.orgNTEE Category
Code: T990 - Philanthropy
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