Overview
What is Helping Hands Food Ko Op Inc?
Helping Hands Food Ko Op Inc is a charitable organization situated in Miami Beach, Florida. Their primary objective is to offer food and essential household items to families in need, adhering to kosher dietary restrictions. They provide these resources either free of charge or at significantly reduced costs. Their services cater to over 550 families annually, with approximately 80 families receiving assistance weekly. During festive seasons, they extend their support to over 500 families. By doing so, they estimate saving their client families over a million dollars every year through their cost-effective offerings. Besides food, they also offer interest-free loans as part of their charitable activities.
Official website here: www.miamikosherkoop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Helping Hands Food Ko Op Inc holds a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall operations, particularly in financial transparency. While the organization has an impressive program expense ratio of 89.87%, indicating that a significant portion of its expenditures goes directly towards its mission, it lacks adequate financial statements, which impacts its accountability score.
The nonprofit boasts a strong governance structure, with 83% of its board members being independent, which is a positive indicator of its commitment to ethical oversight. However, the absence of essential policies such as a whistleblower policy and document retention guidelines may raise concerns about its internal controls and operational transparency.
While the organization has strengths in its program spending and independent oversight, the lack of readily available financial documentation and certain governance policies could hinder its credibility and trustworthiness among potential donors and stakeholders. Addressing these shortcomings would likely enhance its rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Helping Hands Food Ko Op Inc legitimate?
Helping Hands Food Ko Op Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Helping Hands Food Ko Op 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: $25,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,327
For more financial information, click here
Official website here: www.miamikosherkoop.org
What is the mission statement of Helping Hands Food Ko Op Inc?
Helping Hands Food Ko Op Inc is an organization dedicated to assisting needy families who follow kosher dietary restrictions. Their mission is to provide food and other essential household items in a respectful manner, distributing them either free of charge or at substantially reduced costs. Additionally, they offer interest-free loans to further support their cause. All of these activities are carried out with the aim of serving charitable purposes. Helping Hands Food Ko Op Inc has been instrumental in saving significant amounts for their clientele each year, as they provide food at a fraction of the retail cost. The organization serves over 550 families regularly, and during holidays, this number increases to over 500 families.
Official website here: www.miamikosherkoop.org
Who is the CEO of Helping Hands Food Ko Op Inc?
Aharon Greenberg is the President of Helping Hands Food Ko Op Inc.
Official website here: www.miamikosherkoop.org
What is the revenue of Helping Hands Food Ko Op Inc?
Helping Hands Food Ko Op Inc's revenue in 2022 was $1,868,047.
Official website here: www.miamikosherkoop.org
Who are the executives of Helping Hands Food Ko Op Inc and what are their salaries?
The average compensation at Helping Hands Food Ko Op Inc during 2022 was $29,628. There are 8 employees and 15 volunteers at Helping Hands Food Ko Op Inc.
Here are 13 key members and their salaries:
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Official website here: www.miamikosherkoop.org
Where can I find the form 990 for Helping Hands Food Ko Op Inc?
Helping Hands Food Ko Op Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miamikosherkoop.org
Learn more at the official website: www.miamikosherkoop.org
Mission Statement of Helping Hands Food Ko Op Inc
Helping Hands Food Ko Op Inc, a charitable organization, is dedicated to providing and facilitating essential needs, particularly food items, adhering to kosher dietary restrictions, for families in need. The organization operates under the principle of distributing these resources either free of charge or at significantly reduced costs. Besides food, Helping Hands also extends interest-free loans to eligible families. All of these activities are carried out for charitable purposes, aimed at uplifting less fortunate families who adhere to kosher dietary restrictions.
During regular operations, Helping Hands Food Ko Op Inc serves over 550 needy families, providing assistance to approximately 80 families each week. The organization's efforts extend beyond the everyday, as they cater to over 500 families during holiday seasons. Through their services, Helping Hands estimates that their member families save more than $1,000,000 annually due to the significantly reduced cost of the food items they receive. This significant savings allows these families to allocate their resources towards other important aspects of their lives.
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Impact
October, 2024
Helping Hands Food Ko Op Inc significantly impacts the community by addressing food insecurity and providing essential household items to families in need. Serving over 550 families with a weekly distribution that supports up to 80 households, the organization ensures that those adhering to kosher dietary restrictions can access nutritious food options in a dignified manner. During holiday seasons, their reach expands dramatically, serving over 500 families, which highlights their critical role in times of increased demand.
The organization provides essential food items at a fraction of retail costs, averaging less than 50% of market prices for clients. This approach not only ensures access to necessary nutrition but also results in substantial savings for families; the estimated annual savings exceed $1,000,000 collectively. Additionally, the provision of interest-free loans further alleviates financial burdens, allowing families to stabilize their economic situations while focusing on their immediate needs. Ultimately, Helping Hands plays a vital role in fostering a supportive community environment for those it serves, empowering families to thrive despite economic challenges.
This information is meant to be a general summary of Helping Hands Food Ko Op 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.
- Program Service Revenue: $859,282
- Gross Receipts: $1,868,047
Assets and Liabilities:
- Total Assets: $1,012,337
- Total Liabilities: $276,067
- Net Assets: $736,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Payments-applied donation
Revenue
$859,282
Organization Details
Founding Year
2007
Phone
(786) 268-9883Principal Officer
Aharon Greenberg
Main Address
4000 Alton Road, Miami Beach, FL, 33140
Website
www.miamikosherkoop.orgNTEE Category
Code: K31 - Food
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