Overview
What is Shining Hope For Communities Inc?
Shining Hope For Communities Inc, based in New York City, is a grassroots organization committed to fostering large-scale transformation in urban slums worldwide. Their mission involves providing essential services, advocacy platforms, and educational opportunities, primarily focusing on empowering women and girls. In Kenya's urban slums, they operate community centers and libraries, serving over 126,000 beneficiaries. Employability and entrepreneurship training programs have benefited over 6,000 individuals, while SHOFCO Women's Empowerment Project (SWEP) has assisted 1,746 women. Group savings and loans have been extended to 10,500 beneficiaries, and they address gender-based violence through their response program. Shining Hope For Communities Inc served a total of 500,511 beneficiaries in 2022. The organization's Water & Sanitation Health (WASH) program aims to ensure clean water and hygiene awareness, distributing 2,582,300 liters of clean water in 2022, reaching 16,452 beneficiaries. With a workforce of seven dedicated individuals, Shining Hope For Communities Inc continues to make a significant impact in urban slums.
Official website here: www.shofco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating from Charity Navigator)
Shining Hope For Communities Inc. has achieved a remarkable Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. The organization's score is based entirely on its accountability and finance metrics, where it received an impressive 97%. Key strengths include a fully independent board, strong financial oversight, and a solid program expense ratio, indicating effective use of funds for its community initiatives.
The organization excels in various governance practices, such as maintaining a conflict of interest policy and ensuring transparency with its financial statements. With a program expense ratio of 84.74% and well-managed fundraising costs, Shining Hope For Communities demonstrates a commitment to maximizing its resources for community support. However, it currently lacks sufficient data for a full evaluation of impact, culture, and leadership effectiveness, which limits some aspects of its overall assessment.
Unfortunately, user reviews from GreatNonprofits were not available for this summary, leaving a gap in personal user experiences and feedback. Overall, the high rating reflects strong organizational practices, but interested individuals may wish to seek additional information on its community impact and user perceptions.
This AI summary has been generated from information found on Charity Navigator.
Is Shining Hope For Communities Inc legitimate?
Shining Hope For Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shining Hope For Communities 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: $573,295
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,310,667
For more financial information, click here
Official website here: www.shofco.org
What is the mission statement of Shining Hope For Communities Inc?
Shining Hope For Communities Inc is a grassroots movement that initiates large-scale transformations in urban slums by offering essential services, advocacy platforms, and education and leadership development opportunities for women and girls. The organization's mission is to catalyze change by providing critical services to the community, advocating for their rights, and empowering women and girls through education and leadership development. Shining Hope For Communities Inc operates community centers, employment and entrepreneurship training programs, women's empowerment projects, savings and loan groups, and gender-based violence response services. In 2022, the organization served over 500,000 beneficiaries across various programs, including water and sanitation services. The WASH program provides clean water and hygiene education, distributing 2,582,300 liters of clean water and reaching 16,452 beneficiaries through its aerial piping system and community latrines.
Official website here: www.shofco.org
Who is the CEO of Shining Hope For Communities Inc?
Kennedy Odede is the President & Chief Executive Officer of Shining Hope For Communities Inc. The CEO's salary of Shining Hope For Communities Inc is $227,399 and their total compensation is $266,819.
Official website here: www.shofco.org
What is the revenue of Shining Hope For Communities Inc?
Shining Hope For Communities Inc's revenue in 2022 was $8,551,191.
Official website here: www.shofco.org
Who are the executives of Shining Hope For Communities Inc and what are their salaries?
The average compensation at Shining Hope For Communities Inc during 2022 was $554,852. There are 7 employees and 87 volunteers at Shining Hope For Communities Inc.
Here are 20 key members and their salaries (Shining Hope For Communities Inc's CEO's salary is $227,399 and their total compensation is $266,819):
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- Compensation: $169,583
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- Other: $17,399
- Compensation: $119,495
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Official website here: www.shofco.org
Where can I find the form 990 for Shining Hope For Communities Inc?
Shining Hope For Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shofco.org
Learn more at the official website: www.shofco.org
Mission Statement of Shining Hope For Communities Inc
Shining Hope For Communities, a grassroots movement, is dedicated to catalyzing large-scale transformation in urban slums by providing essential services, advocacy platforms, and education and leadership development for women and girls. This organization operates with a mission to improve the living conditions and empower the community members in these underserved areas.
Shining Hope For Communities implements its mission through various programs. Their community centers and libraries serve over 126,637 beneficiaries, offering a space for learning and community engagement. Employment and entrepreneurship training is provided to 6,290 individuals, equipping them with the skills necessary to secure stable jobs and create sustainable businesses. The Shining Hope Women's Empowerment Project (SWEP) supports 1,746 women, providing them with opportunities for personal growth and development. Group savings and loans initiatives have reached 10,500 beneficiaries, providing financial stability and independence. Furthermore, the organization offers gender-based violence response services to 3,042 individuals, ensuring safety and support for those affected by such issues.
Shining Hope For Communities also prioritizes health and hygiene, providing clean water and sanitation services to residents of Kibera through their Water & Sanitation Health (WASH) program. The aerial piping system distributes water from a network of water-kiosks, spanning over 5 kilometers, reaching 16,452 beneficiaries in 2022. Community latrines and WASH education and awareness complement the clean water efforts, ensuring the overall health and well-being of the community members. Shining Hope For Communities serves over 500,000 beneficiaries annually, demonstrating its commitment to making a significant impact in the lives of those living in urban slums.
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Impact
October, 2024
Shining Hope For Communities Inc. has made a significant impact in Kenya's urban slums through a comprehensive set of programs aimed at transforming lives and fostering community resilience. In 2022 alone, it served over 500,511 beneficiaries through various initiatives, which include libraries and community centers that support 126,637 individuals, and employability and entrepreneurship training programs that reached 6,290 beneficiaries.
The Shofco Women's Empowerment Project has directly benefited 1,746 women, while groups savings and loans programs have engaged around 10,500 participants, enhancing financial stability in the community. Additionally, the organization's efforts in responding to gender-based violence have supported 3,042 individuals, addressing critical social issues within these communities.
The Shofco Urban Network has extended its reach to an impressive 1,238,120 beneficiaries and their dependents, creating a robust advocacy platform for community empowerment. In terms of health, the Water & Sanitation Health program has been vital, distributing 2,582,300 liters of clean water to 16,452 beneficiaries through a network of water kiosks. This essential service, combined with community latrines and sanitation hygiene education, significantly contributes to the overall well-being of residents.
In summary, Shining Hope For Communities Inc. serves as a catalyst for transformative change, empowering individuals, particularly women and girls, while addressing critical needs in education, health, and economic development in one of the most challenging environments.
This information is meant to be a general summary of Shining Hope For Communities 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: $145,444
- Program Service Revenue: $52,784
- Gross Receipts: $8,559,444
Assets and Liabilities:
- Total Assets: $53,218,289
- Total Liabilities: $11,650,732
- Net Assets: $41,567,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE GENERATING PRO
Revenue
$52,784
Organization Details
Founding Year
2009
Phone
(718) 360-1709Principal Officer
Kennedy Odede
Main Address
11 PARK PLACE 3RD FL, NEW YORK, NY, 10007
Website
www.shofco.orgNTEE Category
Code: B20 - Education
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