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Edwards Hope Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 320409888 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Edwards Hope Corporation?

Edwards Hope Corporation, based in Philadelphia, Pennsylvania, is a nonprofit organization that specializes in providing housing and essential services to individuals with disabilities. Operating with a team of 15 dedicated individuals, their mission is centered around offering housing solutions and necessary support for this specific group of individuals. The corporation's focus on housing services ensures that disabled individuals have access to suitable living arrangements, thereby enhancing their overall well-being and quality of life.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Star rating.

Edwards Hope Corporation has received a low rating of 53%, which indicates significant concerns regarding its accountability and financial practices. The organization has failed to meet several essential governance standards, including a lack of independent board members and missing key policies such as conflict of interest and whistleblower protections. While the organization demonstrates a strong program expense ratio of nearly 95%, suggesting that it allocates most of its funds to programs, the absence of transparent governance practices raises questions about its overall management.

The nonprofit does score well in certain areas, notably in its material diversion of assets, which received a perfect score. This indicates that there have been no significant misuses of resources. However, the lack of basic transparency measures like having a website listed on the tax form and failure to post its tax documents online detracts from its credibility and accountability efforts.

While Edwards Hope Corporation appears to utilize its resources effectively for its programs, the lack of oversight and independent governance mechanisms is a critical limitation. Potential donors and supporters may want to consider these factors when evaluating the organization's overall effectiveness and trustworthiness.


This AI summary has been generated from information found on Charity Navigator.

Is Edwards Hope Corporation legitimate?

Edwards Hope Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edwards Hope 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: $158,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Edwards Hope Corporation?

Edwards Hope Corporation's mission, as stated, is centered around providing housing and essential services for individuals living with disabilities. The organization aims to create an environment that caters to their unique needs, ensuring they have access to the necessary support systems. By doing so, Edwards Hope Corporation seeks to enhance the quality of life for these individuals, empowering them to live as independently and comfortably as possible. The corporation's activities encompass more than just housing; they also offer various services to support the overall well-being of the disabled individuals they serve.

Who is the CEO of Edwards Hope Corporation?

Ricardo Edwards is the Director of Edwards Hope Corporation.

What is the revenue of Edwards Hope Corporation?

Edwards Hope Corporation's revenue in 2022 was $1,112,946.

Who are the executives of Edwards Hope Corporation and what are their salaries?

The average compensation at Edwards Hope Corporation during 2022 was $10,533. There are 15 employees at Edwards Hope Corporation.


There is 1 key member and their salary:


Ricardo Edwards (Director)
  • Compensation: $158,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Edwards Hope Corporation?

Edwards Hope Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Edwards Hope Corporation

Edwards Hope Corporation is committed to providing housing and essential services for individuals with disabilities. Their mission, as stated, is to offer a comprehensive living solution that caters to the unique needs of disabled individuals. This nonprofit organization focuses on creating an environment where these individuals can thrive, providing them with the necessary support and resources to lead fulfilling lives. By offering housing and related services, Edwards Hope Corporation aims to empower and uplift the disabled community, ensuring they have access to the care and assistance they require to live independently and with dignity.

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Impact




October, 2024

Edwards Hope Corporation has a significant impact in Philadelphia by providing essential housing services for disabled individuals. Through its dedicated efforts, it addresses critical housing needs, ensuring that vulnerable populations have access to safe and supportive living environments. The organization plays a pivotal role in enhancing the quality of life for individuals with disabilities, offering not just shelter, but also a range of services that promote independence and community integration. By fostering an inclusive environment, Edwards Hope Corporation contributes to the overall well-being of the community, demonstrating a commitment to philanthropy and social responsibility.




This information is meant to be a general summary of Edwards Hope 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.

Revenue
$1,112,946 (2022)
Expenses
$870,120 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,112,946
  • Gross Receipts: $1,112,946

Assets and Liabilities:

  • Total Assets: $67,059
  • Total Liabilities: $0
  • Net Assets: $67,059

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Organization Details

Founding Year

2014

Principal Officer

Ricardo Edwards

Main Address

1931 ELSTON ST, PHILADELPHIA, PA, 19138

NTEE Category

Code: T20 - Philanthropy

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