Overview
What is Saint Ignace Area Hope?
Saint Ignace Area Hope is a compassionate nonprofit organization situated in Saint Ignace, Michigan. Their primary mission is to offer temporary, emergency financial aid to local individuals and families who are in need. They have assisted 63 households in 2022, providing support for rent, mortgage payments, and temporary lodging. In addition, they help prevent foreclosures and evictions for those in distress and offer a temporary shelter in local motels to transients passing through or those who have been displaced. Their workforce consists of only four dedicated individuals, yet they remain committed to aiding their community.
Official website here: www.stignacehope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Saint Ignace Area Hope has received a low rating of 36%, which qualifies it for a Zero-Star out of Four Stars designation. This rating indicates significant concerns regarding the organization's accountability and financial management. While the charity does have a fully independent board and has not reported any material diversion of assets, it lacks essential policies and transparency measures that typically enhance trust and accountability.
The organization has weaknesses in several critical areas, including missing policies for conflict of interest, whistleblowing, and document retention. Moreover, they have not posted their tax forms on their website, which is a significant transparency issue. The liability to assets ratio is also problematic, suggesting potential financial instability, as reflected in a poor program expense ratio.
Despite some strengths in governance, the overall low score highlights the need for substantial improvements in policy implementation and financial management to enhance donor confidence and operational effectiveness. Without addressing these gaps, the charity may struggle to engage supporters and fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Ignace Area Hope legitimate?
Saint Ignace Area Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Ignace Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,069
For more financial information, click here
Official website here: www.stignacehope.org
What is the mission statement of Saint Ignace Area Hope?
Saint Ignace Area Hope, as a charity organization, is dedicated to providing temporary and emergency financial assistance to individuals and families in need within the local community. Their mission is to prevent situations such as foreclosure or eviction, and to offer aid to the unemployed. They also extend a helping hand to transients passing through town, providing them with temporary lodging in local motels for a few nights. In 2022, they assisted 63 households with their housing-related needs.
Official website here: www.stignacehope.org
Who is the CEO of Saint Ignace Area Hope?
David Davis is the Trustee And Chairperson of Saint Ignace Area Hope.
Official website here: www.stignacehope.org
What is the revenue of Saint Ignace Area Hope?
Saint Ignace Area Hope's revenue in 2022 was $188,420.
Official website here: www.stignacehope.org
Who are the executives of Saint Ignace Area Hope and what are their salaries?
The average compensation at Saint Ignace Area Hope during 2022 was $13,017. There are 4 employees and 36 volunteers at Saint Ignace Area Hope.
Here are 9 key members and their salaries:
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Official website here: www.stignacehope.org
Where can I find the form 990 for Saint Ignace Area Hope?
Saint Ignace Area Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stignacehope.org
Learn more at the official website: www.stignacehope.org
Mission Statement of Saint Ignace Area Hope
Saint Ignace Area Hope, a charitable organization, is dedicated to providing temporary and emergency financial assistance to individuals and families in need within the local community. Their mission is to offer a lifeline to those facing hardships, such as housing-related issues, including rent, mortgage payments, and temporary lodging. The organization aims to prevent foreclosures and evictions, and also extends a helping hand to transients passing through or those who have been displaced, offering them temporary lodging in local motels. In 2022, Saint Ignace Area Hope assisted 63 households with these various needs.
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Impact
October, 2024
Saint Ignace Area Hope significantly impacts the community by providing crucial temporary and emergency financial assistance to individuals and families facing housing instability. In 2022, the organization aided 63 households, helping them avoid foreclosure or eviction and offering support to the unemployed. By assisting with rent, mortgage payments, and temporary lodging, they play a vital role in stabilizing the lives of those in financial distress.
Moreover, for transients passing through Saint Ignace or those who have recently lost their housing, the organization provides essential shelter by offering a few nights' lodging in local motels. This compassionate approach not only addresses immediate needs but also fosters a sense of dignity and security for individuals during challenging times. The overall effect of their work contributes greatly to the well-being of the community, ensuring its most vulnerable members receive necessary support and resources when they need it most.
This information is meant to be a general summary of Saint Ignace Area 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: $74
- Gross Receipts: $188,420
Assets and Liabilities:
- Total Assets: $548,559
- Total Liabilities: $99,588
- Net Assets: $448,971
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Organization Details
Founding Year
2007
Phone
(906) 643-6780Principal Officer
David Davis
Main Address
PO Box 170, Saint Ignace, MI, 49781
Website
www.stignacehope.orgNTEE Category
Code: K30 - Food
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