Overview
What is Partners In Hope Inc?
Partners In Hope Inc, located in Myrtle Beach, South Carolina, is a nonprofit organization dedicated to serving the elderly and disabled community. With a workforce of 199 individuals, their primary mission is to operate two assisted living facilities, offering accommodation for up to 120 residents. By providing a supportive environment, Partners In Hope Inc aims to enhance the quality of life for these individuals, promoting independence and well-being. The organization's focus on elderly and disabled care underscores its commitment to fostering a sense of community and ensuring that these groups have access to the resources they need to live comfortably.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Partners In Hope Inc has received a moderate rating of 67% from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The organization boasts a strong accountability structure with a fully independent board and effective financial oversight, as evidenced by its high program expense ratio, showing a strong focus on program-related expenditures.
However, the nonprofit faces critical shortcomings in its policies and financial health. The high liabilities to assets ratio raises concerns about its financial stability, and the absence of key governance policies, such as a conflict of interest policy and a whistleblower policy, highlights gaps in its operational framework. This combination of strengths and weaknesses suggests that potential donors should exercise caution and seek more detailed information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Partners In Hope Inc legitimate?
Partners In Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners In 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,309,064
For more financial information, click here
What is the mission statement of Partners In Hope Inc?
Partners In Hope Inc is dedicated to operating two sixty-bed assisted living facilities, providing care and support for the elderly and disabled. Their mission is centered around ensuring the well-being of these individuals, offering them a place to live with the necessary assistance they require. The organization's focus is on creating an environment that caters to their unique needs, fostering independence and improving their quality of life.
Who is the CEO of Partners In Hope Inc?
Robert Edge Jr is the Board Member of Partners In Hope Inc.
What is the revenue of Partners In Hope Inc?
Partners In Hope Inc's revenue in 2021 was $3,015,967.
Who are the executives of Partners In Hope Inc and what are their salaries?
The average compensation at Partners In Hope Inc during 2021 was $6,578. There are 199 employees at Partners In Hope Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Partners In Hope Inc?
Partners In Hope Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Partners In Hope Inc
Partners In Hope Inc, as an organization, is dedicated to providing a supportive living environment for the elderly and disabled. Their mission is uniquely focused on operating two sixty-bed assisted living facilities. These facilities serve as sanctuaries, offering care and assistance to individuals who require special attention due to their age or disability. By operating these facilities, Partners In Hope Inc aims to contribute to the well-being and comfort of these vulnerable populations, providing them with a place where they can live with dignity and receive the necessary care.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Partners In Hope Inc significantly enhances the quality of life for elderly and disabled individuals in Myrtle Beach, SC, by operating two assisted living facilities with a capacity of sixty beds each. Through these facilities, they provide a supportive and nurturing environment that caters to the unique needs of residents, ensuring they receive the care and assistance required for daily living. The commitment to creating a safe and enriching atmosphere fosters community, dignity, and independence among residents, positively impacting their physical and emotional well-being. By focusing on housing and care for some of the most vulnerable members of society, Partners In Hope Inc plays a crucial role in improving the overall health and happiness of its community.
This information is meant to be a general summary of Partners In 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 2021.
- Program Service Revenue: $3,015,967
- Gross Receipts: $3,015,967
Assets and Liabilities:
- Total Assets: $10,489,405
- Total Liabilities: $15,598,118
- Net Assets: -$5,108,713
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTAL
Revenue
$2,925,519
APPLICATION FEES
Revenue
$68,740
OTHER INCOME
Revenue
$21,708
Organization Details
Founding Year
2009
Phone
(843) 626-8302Principal Officer
Robert Edge Jr
Main Address
609 17TH AVE N, MYRTLE BEACH, SC, 29577
NTEE Category
Code: L21 - Housing
If you are a representative of Partners In Hope Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.