Overview
What is Hope House Ministries Inc?
Hope House Ministries Inc, situated in Bowling Green, Kentucky, is a nonprofit organization with a mission to alleviate both physical and spiritual poverty through gospel restoration. Their approach is unique, focusing on helping individuals transform from within rather than merely treating symptoms. This transformation process is facilitated through a phased approach that encompasses spiritual, physical, emotional, and educational development. With a workforce of 80 dedicated individuals, Hope House Ministries Inc is committed to making a difference in people's lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
Hope House Ministries Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scored particularly well in areas such as having a fully independent board and no material diversion of assets, which are positive indicators of governance and stewardship. However, the organization faces challenges in certain areas, including missing whistleblower and conflict of interest policies, which are critical for transparency and ethical operations.
The program expense ratio is favorable at 66.90%, demonstrating that a significant portion of its budget is allocated towards its programs rather than administrative costs. The equity strategies score is also strong, reflecting a commitment to inclusivity and community engagement. However, the overall accountability score of 61 suggests there are areas where improvements could enhance trust and operational effectiveness.
Despite these strengths, the absence of key policies raises concerns about the organization's comprehensive governance practices. Strengthening these policies could not only improve its rating but also foster greater donor confidence and community trust. Overall, while Hope House Ministries Inc shows promise in certain areas, there are significant opportunities for growth in governance and financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hope House Ministries Inc legitimate?
Hope House Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope House Ministries 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: $187,483
Professional Fundraising Fees: $47,537
Other Salaries and Wages: $377,928
For more financial information, click here
What is the mission statement of Hope House Ministries Inc?
Hope House Ministries Inc's mission is centered around alleviating both physical and spiritual poverty. They aim to accomplish this through the medium of gospel restoration. Their approach goes beyond just addressing symptoms, focusing instead on transformative change for individuals. The organization employs a phased approach, encompassing spiritual, physical, emotional, and educational development.
Who is the CEO of Hope House Ministries Inc?
Bryan Lewis is the Executive Director of Hope House Ministries Inc.
What is the revenue of Hope House Ministries Inc?
Hope House Ministries Inc's revenue in 2022 was $1,328,998.
Who are the executives of Hope House Ministries Inc and what are their salaries?
The average compensation at Hope House Ministries Inc during 2022 was $7,068. There are 80 employees at Hope House Ministries Inc.
Here are 12 key members and their salaries:
- Compensation: $78,548
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- Other: $0
- Compensation: $69,425
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- Compensation: $39,510
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Where can I find the form 990 for Hope House Ministries Inc?
Hope House Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope House Ministries Inc
Hope House Ministries Inc is an organization dedicated to addressing both physical and spiritual poverty through the medium of gospel restoration. Their mission is threefold, focusing on transformation rather than just treating symptoms. They employ a phased approach that encompasses spiritual, physical, emotional, and educational development for individuals in need. By addressing these various aspects, Hope House Ministries Inc aims to bring about meaningful change in the lives of those it serves.
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Impact
October, 2024
Hope House Ministries Inc significantly impacts individuals and the community by addressing both physical and spiritual poverty through a comprehensive approach to restoration. By prioritizing holistic development, the organization empowers individuals to initiate change within themselves rather than merely addressing surface-level issues.
The phased program focuses on spiritual, physical, emotional, and educational growth, ensuring that participants receive well-rounded support tailored to their unique needs. This method not only facilitates individual transformation but also cultivates a sense of community resilience in Bowling Green, KY. Through its mission, Hope House Ministries Inc inspires hope and fosters lasting positive change in the lives it touches, ultimately contributing to a healthier and more integrated community.
This information is meant to be a general summary of Hope House Ministries 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 2022.
- Investment Income: $29
- Program Service Revenue: $627,294
- Gross Receipts: $1,328,998
Assets and Liabilities:
- Total Assets: $2,400,539
- Total Liabilities: $1,371,364
- Net Assets: $1,029,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue
Revenue
$627,294
Organization Details
Founding Year
2008
Phone
(270) 904-1200Principal Officer
Bryan Lewis
Main Address
112 W 10th Avenue, Bowling Green, KY, 42101
NTEE Category
Code: X21 - Religion related
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