Overview
What is Hope Community Inc?
Hope Community Inc is a nonprofit organization situated in New York City, specifically at 174 East 104th Street, New York, NY 10029. Its primary mission is to improve housing situations for moderate-income individuals and provide necessary support services to homeless families. This includes the development, ownership, management, and provision of housing for the former group, as well as housing and rehabilitation services for the latter. By offering a safe and supportive environment, Hope Community Inc aims to foster stability and improve living conditions for its beneficiaries.
Official website here: www.hopeci.org
What are the reviews and ratings of this charity?
**Charity Rating: 77% (Three-Star out of Four Star Rating on Charity Navigator)**
Hope Community Inc has earned a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The organization scored a satisfactory 77% in the Accountability & Finance category, primarily reflecting its strong governance structure, with 100% of board members being independent. However, the charity faces a notable deficiency due to the lack of financial statements and missing key policies such as a whistleblower policy and a tax form posted on its website.
Strengths of Hope Community Inc include its solid program expense ratio of about 77.77% and an overall good management of assets with a low liabilities to assets ratio, showcasing efficient allocation of resources towards its mission. The board's composition and commitment to independence also signal responsible stewardship of funds, which is essential for building trust with donors and stakeholders.
On the downside, the organization's absence of certain policies and documentation raises concerns about transparency and accountability. This could hinder its perception among potential supporters. Additionally, critical aspects like impact measurement and adaptability have not yet been evaluated, leaving uncertainty regarding the charity's overall effectiveness and responsiveness to community needs.
User reviews from GreatNonprofits are not available at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Community Inc legitimate?
Hope Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Community 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: $269,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,467,656
For more financial information, click here
Official website here: www.hopeci.org
What is the mission statement of Hope Community Inc?
Hope Community Inc's mission is centered around providing housing solutions. The organization develops, manages, and offers housing for individuals with moderate income. Additionally, they extend their services to homeless families, offering them rehabilitation support as well. The goal is to ensure that everyone has a suitable place to live and the necessary resources to improve their living conditions. They strive to make a positive impact on these families' lives, offering them a chance at a more stable living situation.
Official website here: www.hopeci.org
What is the revenue of Hope Community Inc?
Hope Community Inc's revenue in 2023 was $6,692,308.
Official website here: www.hopeci.org
Who are the executives of Hope Community Inc and what are their salaries?
There 11 volunteers at Hope Community Inc.
Here are 13 key members and their salaries:
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $113,140
- Related: $0
- Other: $0
- Compensation: $149,190
- Related: $0
- Other: $6,897
Official website here: www.hopeci.org
Where can I find the form 990 for Hope Community Inc?
Hope Community Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopeci.org
Learn more at the official website: www.hopeci.org
Mission Statement of Hope Community Inc
Hope Community Inc, as a mission-driven organization, is dedicated to addressing the housing needs of moderate-income individuals and providing support to homeless families. This nonprofit organization takes an active role in developing, owning, managing, and providing housing solutions for individuals who fall within this income bracket. Furthermore, Hope Community Inc extends its services to families experiencing homelessness, offering them housing and rehabilitation programs to help them regain stability and independence. By providing these essential services, Hope Community Inc plays a crucial role in supporting vulnerable populations and contributing to their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Hope Community Inc. significantly enhances the landscape of affordable housing in New York by developing, owning, and managing housing specifically for moderate-income individuals. In addition to this essential service, the organization plays a crucial role in addressing homelessness by providing both housing and rehabilitation services to families in need. Through its comprehensive approach, Hope Community Inc. fosters stable living conditions for individuals and families, contributing to community development and overall social well-being. By prioritizing accessible housing solutions, the organization not only alleviates immediate housing challenges but also empowers residents to build sustainable futures.
This information is meant to be a general summary of Hope Community 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 2023.
- Investment Income: $40,819
- Program Service Revenue: $6,475,251
- Gross Receipts: $6,692,308
Assets and Liabilities:
- Total Assets: $51,917,413
- Total Liabilities: $7,802,880
- Net Assets: $44,114,533
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING MAINTENANCE
Revenue
$3,029,581
RENTAL INCOME
Revenue
$2,038,446
MANAGEMENT & SOCIAL SE
Revenue
$1,407,224
Organization Details
Founding Year
1968
Principal Officer
Walter M Roberts
Website
www.hopeci.orgNTEE Category
Code: L200 - Housing
If you are a representative of Hope Community Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.