Overview
What is Hope Community Development Corporation?
The Hope Community Development Corporation, situated in Hartford, Connecticut, is a dedicated nonprofit organization. Their primary focus lies in offering child daycare services and educational tutoring to the local community. By providing these essential resources, they aim to support the development of children in their area. Furthermore, they engage in charitable activities as part of their outreach efforts, contributing positively to the community as a whole. With a team of 19 employees, Hope Community Development Corporation is committed to enhancing the lives of local families and children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star Rating)
Hope Community Development Corporation has received a Two-Star rating from Charity Navigator, indicating a mixed performance in accountability and financial management. The organization boasts a strong accountability framework, particularly with a fully independent board and no instances of material asset diversion. However, it has notable shortcomings, particularly in the areas of whistleblower and document retention policies, which are absent.
The organization demonstrates effective program expense management, with a high program expense ratio of 80.78%, indicating that a significant portion of its funds is directed towards its mission-related activities. However, the liabilities to assets ratio is concerning at 169.07%, suggesting potential financial instability. This factor contributes to the overall lower rating, highlighting a need for improved financial oversight.
While the governance aspects, such as having ten independent board members and documented board meeting minutes, reflect positively on the organization, the lack of certain policies indicates areas where Hope Community Development Corporation could enhance its operational integrity. Addressing these issues could lead to a better rating and increased public trust in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Community Development Corporation legitimate?
Hope Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Community Development Corporation 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: $83,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,851
For more financial information, click here
What is the mission statement of Hope Community Development Corporation?
The Hope Community Development Corporation's mission is centered around serving the community through various initiatives. Primarily, they offer child daycare and educational tutoring services to local residents. Beyond this, they are committed to extending their reach through charitable activities, working towards the betterment of the community as a whole. In essence, their mission is to provide outreach to the community through these services, aiming to positively impact the lives of its residents.
Who is the CEO of Hope Community Development Corporation?
Jesse J White is the Ceo of Hope Community Development Corporation. The CEO's salary of Hope Community Development Corporation is $0 and their total compensation is $0.
What is the revenue of Hope Community Development Corporation?
Hope Community Development Corporation's revenue in 2022 was $208,417.
Who are the executives of Hope Community Development Corporation and what are their salaries?
The average compensation at Hope Community Development Corporation during 2022 was $11,246. There are 19 employees and 30 volunteers at Hope Community Development Corporation.
Here are 5 key members and their salaries (Hope Community Development Corporation's CEO's salary is $0 and their total compensation is $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
Where can I find the form 990 for Hope Community Development Corporation?
Hope Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Community Development Corporation
Hope Community Development Corporation, as a nonprofit organization, is committed to serving its community through various initiatives. Its primary mission is to extend a helping hand by providing child daycare and educational tutoring services to local residents. Beyond this, the corporation reaches out to the community at large through charitable activities. By offering these services, Hope Community Development Corporation aims to contribute positively to the overall well-being of its community members, particularly children. Through its child daycare and tutoring programs, it fosters an environment that nurtures and educates children, empowering them for a brighter future. The corporation's charitable activities further strengthen the community, promoting a sense of unity and mutual support.
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Impact
October, 2024
Hope Community Development Corporation significantly impacts the Hartford community by offering essential child daycare services and educational tutoring. By providing these resources, they address critical needs for families, ensuring children have a safe and nurturing environment while their parents work or pursue education.
Their outreach extends beyond basic childcare, promoting educational enrichment that supports skill development and academic success. This dual focus not only alleviates immediate childcare burdens but also empowers families through improved educational outcomes. Through their dedicated efforts, Hope Community Development Corporation plays a vital role in fostering a stronger, more resilient community.
This information is meant to be a general summary of Hope Community Development Corporation. 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.
- Program Service Revenue: $196,897
- Gross Receipts: $208,417
Assets and Liabilities:
- Total Assets: $14,786
- Total Liabilities: $25,000
- Net Assets: -$10,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$196,897
Organization Details
Founding Year
2000
Phone
(860) 232-4462Principal Officer
Jesse J White
Main Address
70 WHITNEY ST, HARTFORD, CT, 06105
NTEE Category
Code: P40 - Human services
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