Overview
What is Hope Community Development Association Inc?
Hope Community Development Association Inc, located in Cedar Rapids, Iowa, is a nonprofit organization dedicated to revitalizing blighted neighborhoods and providing affordable housing solutions. They accomplish this by acquiring and refurbishing dilapidated houses, which they then offer for sale to low- to moderate-income families. Additionally, the organization offers assistance with closing costs and down payments to make homeownership more accessible. Beyond housing, Hope Community Development Association Inc is committed to empowering individuals by equipping them with the necessary skills for gainful employment. Their mission is to uplift lower-income families and help them transform their lives through sustainable living. With a team of 30 dedicated employees, the organization continues to make a significant impact in its local community.
Official website here: www.hopecdacr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Hope Community Development Association Inc has received a low rating of 58% from Charity Navigator, indicating potential concerns in its accountability and financial practices. While it has strengths such as a fully independent board with 90% of members being independent, the organization struggles significantly with its financial transparency. The absence of financial statements and missing policies related to whistleblowing and document retention have contributed to its low score.
The organization does show a positive side with a high program expense ratio of 89.26%, suggesting that a substantial portion of its budget is allocated directly to its programs. However, the liabilities to assets ratio is concerning at 85.89%, which signals potential financial instability. These factors combined highlight a need for improvement in fiscal management and transparency to build greater trust among stakeholders.
In summary, while Hope Community Development Association Inc has some commendable governance features, the overall low rating reflects serious gaps in its financial reporting and accountability measures. Addressing these weaknesses will be crucial for enhancing its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Community Development Association Inc legitimate?
Hope Community Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Community Development Association 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: $4,500
Other Salaries and Wages: $270,244
For more financial information, click here
Official website here: www.hopecdacr.org
What is the mission statement of Hope Community Development Association Inc?
Hope Community Development Association Inc's mission is centered around empowering individuals and providing assistance. Their primary objective is to help individuals transform their lives through gainful employment and skillful living. Additionally, they extend their support to lower-income families in need of housing. To achieve this, the organization engages in the acquisition and refurbishment of blighted houses, which are then sold to low to moderate income families. Moreover, they offer assistance with home buyer closing costs and down payments.
Official website here: www.hopecdacr.org
Who is the CEO of Hope Community Development Association Inc?
Ronald L Ziegler is the Director of Hope Community Development Association Inc.
Official website here: www.hopecdacr.org
What is the revenue of Hope Community Development Association Inc?
Hope Community Development Association Inc's revenue in 2021 was $783,055.
Official website here: www.hopecdacr.org
Who are the executives of Hope Community Development Association Inc and what are their salaries?
The average compensation at Hope Community Development Association Inc during 2021 was $9,008. There are 30 employees and 50 volunteers at Hope Community Development Association Inc.
Here are 12 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopecdacr.org
Where can I find the form 990 for Hope Community Development Association Inc?
Hope Community Development Association Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.hopecdacr.org
Learn more at the official website: www.hopecdacr.org
Mission Statement of Hope Community Development Association Inc
Hope Community Development Association Inc is committed to empowering individuals and providing assistance to lower-income families in need of housing. Through their mission, they aim to transform lives by equipping individuals with the skills necessary for gainful employment and fostering a lifestyle that is both productive and fulfilling. The organization's primary goal is to provide a helping hand to those who require it, ensuring that they can secure housing and establish a stable living situation.
To achieve this mission, Hope Community Development Association Inc focuses on acquiring and refurbishing blighted houses. Once renovated, these properties are sold to low to moderate-income families, helping to improve their living conditions and provide them with a sense of pride and stability. In addition to home sales, the organization also offers home buyer closing cost and down payment assistance, making homeownership more accessible to those who might otherwise struggle to afford it.
By equipping individuals with the skills they need for gainful employment and providing affordable housing options, Hope Community Development Association Inc is able to make a tangible difference in the lives of those they serve. Their mission is to uplift and empower, creating opportunities for individuals and families to transform their lives and build a brighter future for themselves.
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
Hope Community Development Association Inc significantly impacts the lives of individuals and families by equipping them with essential skills and opportunities. Through their efforts, they empower individuals to achieve gainful employment, enhancing their ability to transform their lives and build a stable future.
In addition to workforce development, the organization provides vital assistance to low-income families in need of housing. By acquiring and refurbishing blighted houses, they create affordable homes that are sold to low to moderate-income families. This initiative not only improves the quality of housing in the community but also fosters a sense of ownership and stability among families. Furthermore, they offer homebuyer closing cost and down payment assistance, making homeownership more accessible to those who may struggle to afford it.
Overall, their focus on community improvement addresses both economic and housing challenges, fostering a more vibrant and resilient Cedar Rapids.
This information is meant to be a general summary of Hope Community Development Association 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: $488,922
- Gross Receipts: $783,055
Assets and Liabilities:
- Total Assets: $675,474
- Total Liabilities: $480,573
- Net Assets: $194,901
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.
ENTERPRISE REVENUE
Revenue
$435,421
PROGRAM REVENUE
Revenue
$20,273
HOPE CENTER REVENUE
Revenue
$18,419
OTHER REVENUE
Revenue
$14,809
Organization Details
Founding Year
2010
Phone
(319) 286-2309Principal Officer
Ronald L Ziegler
Main Address
842 14TH ST SE, CEDAR RAPIDS, IA, 52403
Website
www.hopecdacr.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Hope Community Development Association 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.