Overview
What is Cottages Of Hope Inc?
Cottages of Hope Inc, situated in Ogden, Utah, is a nonprofit organization dedicated to fostering financial stability among individuals and households. Their primary offerings include a resource center, offering free computer and internet access, as well as job assistance. The center also runs a Volunteer Income Tax Assistance (VITA) program, aimed at helping clients maximize their tax refunds and improve their financial situations. Additionally, Cottages of Hope provides financial literacy classes and one-on-one coaching sessions, focusing on budgeting, debt reduction, and credit improvement. As a SparkPoint Center, they collaborate with various partners to help clients build assets, increase income, and manage debt, providing long-term support until their financial goals are achieved.
Official website here: www.cottagesofhope.org
Is Cottages Of Hope Inc legitimate?
Cottages Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottages Of Hope 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: $324,270
For more financial information, click here
Official website here: www.cottagesofhope.org
What is the mission statement of Cottages Of Hope Inc?
Cottages of Hope Inc's mission is centered around inspiring individuals and households to reach their full potential by offering meaningful programs and services. This organization aims to empower them to achieve financial stability, providing assistance through free tax preparation, financial literacy presentations, free internet access, IDA Savings Plans, and job coaching. Their activities are primarily focused on helping individuals secure stable employment and offering resources for financial education and improvement. The organization also offers one-on-one coaching sessions to aid clients in creating budgets, reducing debt, improving credit scores, and enhancing job skills. Cottages of Hope serves as a SparkPoint Center, collaborating with various nonprofit and government partners to help clients build assets, increase income, and manage debt, offering long-term support until their financial goals are achieved.
Official website here: www.cottagesofhope.org
What is the revenue of Cottages Of Hope Inc?
Cottages Of Hope Inc's revenue in 2023 was $837,448.
Official website here: www.cottagesofhope.org
Who are the executives of Cottages Of Hope Inc and what are their salaries?
The average compensation at Cottages Of Hope Inc during 2023 was $64,854. There are 5 employees and 60 volunteers at Cottages Of Hope Inc.
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Official website here: www.cottagesofhope.org
Where can I find the form 990 for Cottages Of Hope Inc?
Cottages Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cottagesofhope.org
Learn more at the official website: www.cottagesofhope.org
Mission Statement of Cottages Of Hope Inc
Cottages of Hope, as an organization, is dedicated to inspiring individuals and households to unlock their full potential by offering meaningful programs and services that empower them to achieve financial stability. Their mission is centered around providing free tax preparation services, financial literacy presentations, and job coaching. Through these activities, they aim to help individuals obtain all the tax credits they qualify for, encouraging them to use their refunds wisely for financial stability.
The Prosperity Center, a resource center operated by Cottages of Hope, offers free computer and internet access, technical assistance, and information about various community resources. The center relies on volunteers and work-based learning participants from various programs to assist individuals in finding stable employment. In addition to these services, Cottages of Hope provides one-on-one financial and job coaching, helping clients create budgets, reduce debt, improve credit scores, and enhance their resumes and interview skills.
Cottages of Hope also serves as a SparkPoint Center, bringing together effective nonprofit and government partners to help low-income individuals build assets, grow income, and manage debt. Each client works with a personal coach, creating a step-by-step plan to accomplish their financial goals. This long-term approach provides on-going support until the client's goals are achieved. In summary, Cottages of Hope's mission is to empower individuals to realize their potential, offering programs and services that promote financial stability and self-sufficiency.
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Impact
October, 2024
Cottages of Hope Inc has a significant impact on individuals and households by providing a comprehensive array of services aimed at fostering financial stability and personal empowerment. Through its initiatives, such as free tax preparation, the organization ensures that clients receive all eligible tax credits, encouraging the wise use of refunds to enhance their financial health, whether through building emergency funds, reducing debt, or investing in education and repairs.
At the Prosperity Center, clients benefit from essential resources including free computer and internet access, job coaching, and valuable community information. This hub also supports individuals in finding stable employment, utilizing the expertise of volunteers and participants from various programs—all directed towards workforce development.
The organization's commitment to financial literacy is evident through its classes and workshops, which teach valuable skills like budgeting, debt reduction, and credit improvement. These teachings are not confined to their facilities; Cottages of Hope actively extends financial education to diverse groups in the community, ensuring widespread benefits.
As a SparkPoint Center, Cottages of Hope emphasizes a personalized approach where each client receives dedicated coaching tailored to their unique financial goals. This long-term support empowers clients to build assets, manage debt effectively, and ultimately escape poverty.
In essence, Cottages of Hope Inc transforms lives by equipping community members with the tools and knowledge necessary to realize their potential and achieve lasting financial independence.
This information is meant to be a general summary of Cottages Of Hope 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: $98
- Gross Receipts: $837,448
Assets and Liabilities:
- Total Assets: $188,805
- Total Liabilities: $22,847
- Net Assets: $165,958
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Organization Details
Founding Year
2007
Principal Officer
F Chris Swaner
Website
www.cottagesofhope.orgNTEE Category
Code: P51 - Human services
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