Overview
What is Hancock Resource Center?
The Hancock Resource Center is a nonprofit organization situated in Waveland, Mississippi, with a 31-strong workforce. Their primary mission is to support and strengthen the local community by addressing housing-related challenges and coordinating necessary services for families in need. Their comprehensive range of services includes counseling for home ownership, homebuyer education, household management, homelessness prevention, foreclosure counseling, employment counseling, and community education programs. The majority of individuals who benefit from these services have low to moderate income levels.
Official website here: www.hancockhrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Hancock Resource Center has received a Three-Star rating from Charity Navigator, indicating a competent level of accountability and finance management. Their score is largely based on their strong accountability practices, with a perfect score of 100% for having an independent board and various governance policies in place. This reflects a commitment to transparency and ethical operations within the organization.
The center demonstrates a high program expense ratio of 90.43%, suggesting that a significant portion of their budget is directed towards their programs rather than administrative costs. However, they received a lower score in the liabilities to assets ratio, which may indicate potential financial challenges. Nonetheless, the organization maintains solid financial oversight, with no reported material diversion of assets and comprehensive audits.
Overall, Hancock Resource Center appears to operate with a strong commitment to accountability and financial health, which is crucial for donor trust and organizational sustainability. While there are some areas for improvement, particularly in managing liabilities, the nonprofit's governance and operational focus are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Hancock Resource Center legitimate?
Hancock Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hancock Resource Center 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: $108,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $633,969
For more financial information, click here
Official website here: www.hancockhrc.org
What is the mission statement of Hancock Resource Center?
The Hancock Resource Center's mission is to strengthen the community and stabilize families. This is achieved by addressing the barriers and obstacles to housing and coordinating necessary services for families in need. The organization provides various counseling services, including home ownership counseling, homebuyer education, household management, homelessness prevention, foreclosure counseling, and employment counseling, among others. These services are primarily offered to individuals with low to moderate income levels. The center also conducts community education programs.
Official website here: www.hancockhrc.org
Who is the CEO of Hancock Resource Center?
Rhonda Rhodes is the Chairperson of Hancock Resource Center.
Official website here: www.hancockhrc.org
What is the revenue of Hancock Resource Center?
Hancock Resource Center's revenue in 2023 was $1,968,027.
Official website here: www.hancockhrc.org
Who are the executives of Hancock Resource Center and what are their salaries?
The average compensation at Hancock Resource Center during 2023 was $23,936. There are 31 employees and 120 volunteers at Hancock Resource Center.
Here are 12 key members and their salaries:
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- Compensation: $108,055
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Official website here: www.hancockhrc.org
Where can I find the form 990 for Hancock Resource Center?
Hancock Resource Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hancockhrc.org
Learn more at the official website: www.hancockhrc.org
Mission Statement of Hancock Resource Center
The Hancock Resource Center is dedicated to stabilizing families and strengthening the community at large. They accomplish this mission by addressing obstacles and barriers to housing and coordinating necessary services for families in need. Their approach involves providing counseling services, which are incorporated into most grant programs and sometimes offered individually. The services offered include home ownership counseling, homebuyer education, household management, homelessness prevention, foreclosure counseling, and employment counseling, among others. The individuals who benefit from these services typically have low to moderate income levels.
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Impact
October, 2024
Hancock Resource Center plays a critical role in stabilizing families and strengthening the local community. By addressing obstacles and barriers to housing, the Center provides essential support services that help individuals and families navigate challenges related to home ownership, employment, and financial stability.
Through tailored case management and counseling services, clients gain access to vital resources such as home ownership counseling, homebuyer education, household management, and homelessness prevention. These services are particularly valuable for those with low to moderate income levels, equipping them with the knowledge and skills necessary to improve their living situations.
Furthermore, the Center offers foreclosure counseling and employment counseling, aiding families in maintaining housing stability while supporting their professional development. Community education programs foster a broader understanding of these issues, empowering residents with practical information and tools to enhance their quality of life.
Overall, Hancock Resource Center significantly impacts the community by promoting economic stability, fostering self-sufficiency, and addressing the fundamental needs of its residents.
This information is meant to be a general summary of Hancock Resource Center. 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.
- Program Service Revenue: $4,723
- Gross Receipts: $2,000,671
Assets and Liabilities:
- Total Assets: $431,887
- Total Liabilities: $388,981
- Net Assets: $42,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$4,723
Organization Details
Founding Year
2009
Phone
(228) 463-8887Principal Officer
Rhonda Rhodes
Main Address
454 HWY 90 SUITE B, WAVELAND, MS, 39576
Website
www.hancockhrc.orgNTEE Category
Code: B90 - Education
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