Overview
What is Home 4 The Heart Inc?
Home 4 The Heart Inc, based in Milwaukee, Wisconsin, is a dedicated nonprofit organization that provides a secure and supportive environment for up to 15 girls aged between 12 and 17. Their mission is to offer a safe, stable, and empowering space for these girls, who may require out-of-home placement to facilitate positive change in their lives. With a staff of 20 employees, Home 4 The Heart Inc aims to create an atmosphere that fosters growth and development, ensuring a nurturing and secure setting for the young individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Home 4 The Heart Inc has received a 67% rating from Charity Navigator, indicating a two-star rating. This score reflects strengths in governance and program spending, as evidenced by its high program expense ratio of 81.64% and full points for independent board members and financial oversight. These factors demonstrate the organization’s commitment to its mission and effective use of funds towards programs.
However, the organization faces challenges in financial health, notably a liabilities to assets ratio of 128.40%, which raises concerns about its financial stability. While the absence of material asset diversion is a positive aspect, the high liabilities suggest potential risks in maintaining operations or fulfilling its commitments. The salary of the CEO is also notable, which might prompt questions regarding compensation in relation to overall financial health.
Overall, while Home 4 The Heart Inc demonstrates a strong governance structure and effective program expenditure, the financial health indicators highlight the need for improved management of liabilities to ensure long-term sustainability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Home 4 The Heart Inc legitimate?
Home 4 The Heart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home 4 The Heart 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: $107,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,763
For more financial information, click here
What is the mission statement of Home 4 The Heart Inc?
Home 4 The Heart Inc's mission is centered around providing a secure, stable, and empowering environment for adolescent girls aged between 12 and 17 years old. The organization recognizes the necessity of out-of-home placement for these girls to foster positive change in their lives. By establishing a group home, Home 4 The Heart Inc continuously offers a safe and stable living space for up to 15 girls, aiming to support their personal growth and empowerment. The organization's primary goal is to provide a nurturing environment that enables these girls to navigate their challenges and develop the skills necessary for a successful transition into adulthood.
Who is the CEO of Home 4 The Heart Inc?
Lanetta Greer is the Ceo of Home 4 The Heart Inc. The CEO's salary of Home 4 The Heart Inc is $107,225 and their total compensation is $107,225.
What is the revenue of Home 4 The Heart Inc?
Home 4 The Heart Inc's revenue in 2022 was $1,077,244.
Who are the executives of Home 4 The Heart Inc and what are their salaries?
The average compensation at Home 4 The Heart Inc during 2022 was $32,099. There are 20 employees at Home 4 The Heart Inc.
Here are 4 key members and their salaries (Home 4 The Heart Inc's CEO's salary is $107,225 and their total compensation is $107,225):
- Compensation: $107,225
- 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 Home 4 The Heart Inc?
Home 4 The Heart Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Home 4 The Heart Inc
Home 4 The Heart Inc is devoted to creating a secure, stable, and empowering environment for girls aged between 12 and 17 years old who require out-of-home placement to foster personal growth. The organization's mission is to provide these young individuals with a nurturing space that encourages their development and promotes self-confidence. Home 4 The Heart Inc's continuous efforts aim to offer a safe and stable environment to accommodate up to 15 girls, ensuring they have the necessary support during this critical period in their lives.
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Impact
October, 2024
Home 4 The Heart Inc has a profound impact on the lives of adolescent girls aged 12 to 17 in Milwaukee, WI. By providing a safe, stable, and empowering environment, the organization supports up to 15 girls at a time who require out-of-home placement to foster meaningful change in their lives. The group home continuously creates a nurturing atmosphere that promotes healing, personal development, and resilience. Through its dedicated efforts, Home 4 The Heart Inc addresses the unique challenges faced by these young women, helping them build the foundation for a brighter future.
This information is meant to be a general summary of Home 4 The Heart 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.
- Program Service Revenue: $1,077,244
- Gross Receipts: $1,077,244
Assets and Liabilities:
- Total Assets: $287,720
- Total Liabilities: $369,461
- Net Assets: -$81,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOMEDCF
Revenue
$739,119
INCOMEMILWAUKEE COUNT
Revenue
$245,242
INCOMERACINE COUNTY
Revenue
$57,283
Organization Details
Founding Year
2007
Phone
(414) 712-4642Principal Officer
Lanetta Greer
Main Address
12105 W DIANE DRIVE, Milwaukee, WI, 53226
NTEE Category
Code: P730 - Human services
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