Overview
What is New Hope Family Shelter Inc?
New Hope Family Shelter Inc, situated in Bloomington, Indiana, is a dedicated nonprofit organization. Their primary mission is to offer year-round, temporary housing solutions for homeless families, providing them with a secure and supportive environment during challenging times. With a team of 44 dedicated employees, this nonprofit works tirelessly to offer essential resources and assistance to these families, aiming to help them regain stability and independence.
Official website here: www.newhope4families.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
New Hope Family Shelter Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and performance in financial practices and impact measurement. The charity has an impressive Program Expense Ratio of 99.86%, suggesting that the vast majority of its expenses are directed towards programs rather than administrative costs. Additionally, the organization boasts a fully independent board, which strengthens its governance and oversight.
The nonprofit's financial health appears strong, with a Liabilities to Assets Ratio of 23.15%, indicating a good balance between liabilities and assets. Their commitment to accountability is further emphasized by their perfect score in financial statement audits and a robust material diversion of assets evaluation. The organization also scores well in impact evaluation, demonstrating its effectiveness in fulfilling its mission.
While the organization's ratings are generally favorable, the overall score of 81% suggests there may still be areas for improvement. Stakeholders may want to keep an eye on the Impact & Measurement score, which, while respectable, could benefit from further enhancement to ensure continued success in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Family Shelter Inc legitimate?
New Hope Family Shelter Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Family Shelter 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,203,921
For more financial information, click here
Official website here: www.newhope4families.org
What is the mission statement of New Hope Family Shelter Inc?
New Hope Family Shelter Inc's mission is centered around providing year-round temporary housing solutions for homeless families. Their primary goal is to offer a sheltering environment that caters to families in need, ensuring they have a temporary refuge during challenging times. The organization's activities are driven by this mission, aiming to provide a safe and supportive space for these families until they can secure more permanent housing solutions. While New Hope Family Shelter Inc's focus is primarily on temporary shelter, they may also offer additional resources or support services to help families transition towards stable living conditions.
Official website here: www.newhope4families.org
What is the revenue of New Hope Family Shelter Inc?
New Hope Family Shelter Inc's revenue in 2024 was $2,798,526.
Official website here: www.newhope4families.org
Who are the executives of New Hope Family Shelter Inc and what are their salaries?
The average compensation at New Hope Family Shelter Inc during 2024 was $16,404. There are 79 employees and 380 volunteers at New Hope Family Shelter Inc.
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Official website here: www.newhope4families.org
Where can I find the form 990 for New Hope Family Shelter Inc?
New Hope Family Shelter Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.newhope4families.org
Learn more at the official website: www.newhope4families.org
Mission Statement of New Hope Family Shelter Inc
New Hope Family Shelter Inc is committed to providing year-round temporary shelter for homeless families. This mission is a crucial service that offers a safe and temporary haven for families in need, offering essentials such as food and clothing alongside the shelter. The organization's primary goal is to provide a supportive environment that helps these families navigate their current challenges and work towards a more stable future. By offering year-round shelter, New Hope Family Shelter Inc seeks to alleviate the immediate hardships faced by homeless families and provide them with the time and resources needed to rebuild their lives.
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Impact
October, 2024
New Hope Family Shelter Inc significantly impacts the lives of homeless families by providing year-round temporary shelter in Bloomington, Indiana. By offering a safe and supportive environment, the shelter ensures that families in crisis have a place to call home while they work towards stability. This crucial support allows families to regain their footing, access essential services, and prepare for a more secure future. The shelter’s work not only addresses immediate housing needs but also fosters community resilience and hope for better outcomes for those experiencing homelessness.
This information is meant to be a general summary of New Hope Family Shelter 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 2024.
- Investment Income: $31,399
- Program Service Revenue: $610,026
- Gross Receipts: $2,850,989
Assets and Liabilities:
- Total Assets: $5,839,076
- Total Liabilities: $2,558,661
- Net Assets: $3,280,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$441,862
COMMUNITY TUITION
Revenue
$168,164
Organization Details
Founding Year
2011
Phone
(812) 340-3052Principal Officer
Neil Powell
Main Address
PO BOX 154, BLOOMINGTON, IN, 474020154
Website
www.newhope4families.orgNTEE Category
Code: L41 - Housing
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