Overview
What is Hope Homes Inc?
Hope Homes Inc, situated in Matthews, North Carolina, is a dedicated nonprofit organization that offers a secure environment for individuals in early sobriety, catering to both men and women. The organization provides independent living spaces, fostering stability and creating a home-like atmosphere. Hope Homes Inc has a 24-hour on-call staff, ensuring constant support for its residents. The residents are required to adhere to a minimum six-month stay, during which the organization facilitates weekly community meetings and daily 12-step recovery meetings. By providing these essential services, Hope Homes Inc aims to assist individuals in their recovery from addictive disorders.
Official website here: www.hopehomesinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Hope Homes Inc has received a low rating of 36%, resulting in a Zero-Star out of Four Star rating. This score indicates significant concerns regarding accountability and financial practices within the organization. While it fares well in certain areas, such as having a fully independent board and proper documentation of board meeting minutes, it shows severe deficiencies in several critical policies and financial management aspects.
The nonprofit has a strong board structure with 10 out of 10 points for majority independent board members and board size. However, it lacks essential governance policies, scoring zero in areas like conflict of interest and whistleblower policies. This lack of oversight could raise alarms for potential ethical issues and transparency, which are vital for donor trust and effective operations.
Financially, the organization struggles significantly, particularly highlighted by a lack of proper financial ratios and the non-posting of its tax forms on its website. With a zero score in program expense ratios and liabilities to assets ratio, stakeholders may be concerned about how funds are utilized. Addressing these shortcomings is crucial for Hope Homes Inc to improve its operations and regain trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Homes Inc legitimate?
Hope Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Homes 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: $0
For more financial information, click here
Official website here: www.hopehomesinc.com
What is the mission statement of Hope Homes Inc?
Hope Homes Inc's mission is centered around providing residential facilities for individuals in the early stages of recovery from addictive disorders. The organization offers a safe and secure environment for both men and women, promoting independence through home-like settings while ensuring stability. Residents are expected to adhere to a minimum six-month stay, during which they participate in mandatory weekly community meetings and daily 12-step recovery meetings. The aim is to facilitate their recovery journey, providing them with the necessary support and resources to overcome their addictions and lead fulfilling lives.
Official website here: www.hopehomesinc.com
Who is the CEO of Hope Homes Inc?
Kim Smith is the President of Hope Homes Inc.
Official website here: www.hopehomesinc.com
What is the revenue of Hope Homes Inc?
Hope Homes Inc's revenue in 2022 was $4,506.
Official website here: www.hopehomesinc.com
Who are the executives of Hope Homes Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.hopehomesinc.com
Where can I find the form 990 for Hope Homes Inc?
Hope Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopehomesinc.com
Learn more at the official website: www.hopehomesinc.com
Mission Statement of Hope Homes Inc
Hope Homes Inc serves as a safe sanctuary for men and women battling addictive disorders, offering them a chance to recover in the early stages of sobriety. The organization provides independent living environments, creating a home-like atmosphere that fosters stability. Hope Homes Inc mandates a minimum six-month stay for its residents, during which time it offers mandatory weekly community meetings and daily 12-step recovery meetings. This structured approach helps individuals in recovery establish a solid foundation, paving the way towards a healthier future.
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Impact
August, 2024
Hope Homes Inc provides crucial support for individuals in recovery from addictive disorders by offering safe and stable residential facilities. Residents benefit from a home-like environment and round-the-clock staff assistance, fostering an atmosphere conducive to early sobriety. With a minimum six-month stay that includes mandatory community and recovery meetings, Hope Homes Inc plays a vital role in facilitating successful recovery journeys.
This information is meant to be a general summary of Hope Homes 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.
- Gross Receipts: $4,506
Assets and Liabilities:
- Total Assets: $194,414
- Total Liabilities: $477,566
- Net Assets: -$283,152
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Organization Details
Founding Year
1998
Principal Officer
Kim Smith
Main Address
1006 CHELSEA PLACE STE 110, Matthews, NC, 28105
Website
www.hopehomesinc.comNTEE Category
Code: T20 - Philanthropy
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