Overview
What is Communities Of Hope Inc?
Communities Of Hope Inc, located in Fenton, Michigan, is a dedicated nonprofit organization. Their primary mission is to assist low-income individuals by providing them with affordable housing and essential services. They manage twelve residential housing complexes, offering a welcoming environment for those in need. The organization's purpose extends beyond just housing, aiming to help low-income individuals meet their basic needs, thereby promoting a sense of stability and well-being.
Official website here: www.communitiesofhope.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Communities Of Hope Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score. The overall score is driven entirely by its accountability metrics, highlighting strengths such as an independent board with 100% of its members being independent and a favorable liabilities to assets ratio of 3.58%. The organization allocates a significant portion of its expenses—78.73%—to program services, indicating a commitment to its mission.
However, there are areas for improvement noted in the data. The charity lacks essential policies, including a conflict of interest policy and a whistleblower policy, both of which can be critical for governance and transparency. Additionally, although the board meeting minutes are documented and the tax form is available on the nonprofit's website, the absence of a document retention and destruction policy could pose risks in organizational operations.
Overall, while Communities Of Hope Inc demonstrates a strong financial foundation and governance structure, addressing the noted policy gaps could enhance its accountability and operational effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Communities Of Hope Inc legitimate?
Communities Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communities 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:
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For more financial information, click here
Official website here: www.communitiesofhope.com/
What is the mission statement of Communities Of Hope Inc?
Communities of Hope Inc is committed to helping low-income individuals secure essential needs and services in an affordable housing setting. Their primary objective is to operate residential housing complexes that cater to this demographic. The organization's mission is geared towards providing a living environment where these individuals can access necessary services with affordability in mind. While the exact scope of services offered is not specified, it is clear that Communities of Hope Inc aims to improve the living conditions and access to essential services for those who are financially disadvantaged.
Official website here: www.communitiesofhope.com/
Who is the CEO of Communities Of Hope Inc?
Jason Ostrander is the Director of Communities Of Hope Inc.
Official website here: www.communitiesofhope.com/
What is the revenue of Communities Of Hope Inc?
Communities Of Hope Inc's revenue in 2022 was $49,714.
Official website here: www.communitiesofhope.com/
Who are the executives of Communities Of Hope Inc and what are their salaries?
There 11 volunteers at Communities Of Hope Inc.
Here are 11 key members and their salaries:
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Official website here: www.communitiesofhope.com/
Where can I find the form 990 for Communities Of Hope Inc?
Communities Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitiesofhope.com/
Learn more at the official website: www.communitiesofhope.com/
Mission Statement of Communities Of Hope Inc
Communities Of Hope Inc is an organization dedicated to assisting low-income individuals in obtaining essential needs and services in an affordable housing environment. Their mission is multifaceted, aiming to provide assistance beyond just housing. They operate twelve residential housing complexes for low-income tenants, offering a secure and affordable living space. By doing so, they contribute to the overall well-being of their residents, enabling them to focus on meeting their basic needs and improving their quality of life.
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Impact
August, 2024
Communities Of Hope Inc plays a vital role in assisting low-income individuals in obtaining basic needs and services within an affordable housing environment. Operating twelve residential housing complexes for low-income tenants, the organization directly impacts the lives of those in need in Fenton, MI. Through their mission to provide essential support and resources to individuals facing economic hardship, Communities Of Hope Inc makes a tangible difference in the community by offering a stable housing option for those who might otherwise struggle to find affordable accommodations. Their focus on human services underscores their commitment to helping vulnerable populations access the resources necessary for a better quality of life.
This information is meant to be a general summary of Communities 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 2022.
- Investment Income: $46,581
- Program Service Revenue: $3,087
- Gross Receipts: $49,714
Assets and Liabilities:
- Total Assets: $10,533,656
- Total Liabilities: $377,211
- Net Assets: $10,156,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC. PROGRAM SERVICES
Revenue
$3,087
Organization Details
Founding Year
2009
Phone
(810) 629-9500Principal Officer
Jason Ostrander
Main Address
120 NORTH LEROY STREET, FENTON, MI, 48430
Website
www.communitiesofhope.com/NTEE Category
Code: P20 - Human services
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