Overview
What is Homes For Black Children?
Homes For Black Children is a nonprofit organization situated in Detroit, Michigan, primarily focused on foster care. Their mission is to ensure every child finds a permanent family, providing adaptation and protective services. The organization's offerings include family foster care programs, aiming to offer a nurturing environment to children in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Homes For Black Children has received a rating of 79%, which translates to a Three-Star designation, indicating a reasonable level of accountability and financial health. This score is based solely on the Accountability & Finance beacon, showcasing the organization’s commitment to transparent fiscal management. Notably, the assessment reflects a robust structure with an entirely independent board, thus enhancing governance credibility.
The organization has scored well across multiple accountability measures, including a perfect score for its financial statements audit and absence of material asset diversion. It also maintains strong policies for conflict of interest and whistleblower protection, indicating a high standard of ethical practices in its operations. Furthermore, an impressive program expense ratio of 85.63% suggests that a significant portion of its funding is directed towards fulfilling its mission.
However, while the financial health appears robust, the rating does not delve into aspects such as programmatic impact or stakeholder engagement, which are also crucial for a comprehensive evaluation of nonprofit effectiveness. Overall, Homes For Black Children demonstrates sound governance and financial responsibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Homes For Black Children legitimate?
Homes For Black Children is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For Black Children 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: $210,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $439,477
For more financial information, click here
What is the mission statement of Homes For Black Children?
Homes For Black Children, as a foster care organization, is dedicated to ensuring that every child finds a permanent family. Their mission is to provide adoption and protective services, encompassing programs such as family foster care. The organization's goal is to provide a secure and nurturing environment for children in need, ultimately leading them towards a stable and loving family. By offering family foster care, Homes For Black Children plays a crucial role in safeguarding the well-being and future of vulnerable children.
Who is the CEO of Homes For Black Children?
Jacquelynn Moffett is the President And C.E.O. of Homes For Black Children.
What is the revenue of Homes For Black Children?
Homes For Black Children's revenue in 2022 was $1,100,655.
Who are the executives of Homes For Black Children and what are their salaries?
The average compensation at Homes For Black Children during 2022 was $49,960. There are 13 employees at Homes For Black Children.
Here are 9 key members and their salaries:
- Compensation: $210,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Homes For Black Children?
Homes For Black Children's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homes For Black Children
Homes for Black Children, a nonprofit organization, is dedicated to ensuring that every child finds a permanent family. Their mission is centered around providing adoption and protective services, with family foster care being one of their key programs. The organization strives to create stable and nurturing environments for children in need, working towards their ultimate goal of finding them permanent, loving families. Homes for Black Children's approach is guided by the belief that every child deserves a family, and they are committed to making this a reality through their various services.
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Impact
October, 2024
Homes For Black Children significantly impacts the lives of vulnerable children in Detroit by ensuring they have access to permanent, loving families. By focusing on adoption and protective services, the organization addresses the unique challenges faced by Black children in the foster care system. Their family foster care programs not only aim to provide stable homes but also foster a sense of belonging and security for children at risk of being displaced. Through dedicated support and advocacy, Homes For Black Children plays a crucial role in transforming the futures of these children, empowering them to thrive within nurturing environments.
This information is meant to be a general summary of Homes For Black Children. 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: $1,100,655
Assets and Liabilities:
- Total Assets: $181,708
- Total Liabilities: $1,614,201
- Net Assets: -$1,432,493
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Organization Details
Founding Year
1969
Phone
(313) 961-4777Principal Officer
Jacquelynn Moffett
Main Address
1906 25TH STREET, DETROIT, MI, 482161435
NTEE Category
Code: P300 - Human services
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