Overview
What is Hope Homes Foundation Inc?
Hope Homes Foundation Inc, located in Stow, Ohio, serves as a nonprofit organization with a mission to provide accessible and affordable housing for individuals with developmental disabilities and others with special needs. With a modest workforce of three dedicated individuals, the foundation is committed to making housing more inclusive and equitable for these communities. They strive to create an environment that caters to the unique needs of their residents, ensuring they have a safe and supportive living space.
Official website here: www.hopehomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Hope Homes Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is derived solely from their Accountability & Finance metrics, indicating a strong emphasis on transparency and responsible financial management. The charity scored particularly well in several areas, such as having an entirely independent board and a high program expense ratio, which suggests that a significant portion of their funds is directed towards their programs rather than administrative costs.
The organization shows robust governance practices, with all board members being independent, and they have established essential policies such as conflict of interest and whistleblower protections. Additionally, their financial health appears to be strong, as evidenced by their low liabilities to assets ratio, which indicates a solid balance sheet. These strengths highlight the charity's commitment to ethical practices and effective use of resources.
While a score of 81% is commendable, it does suggest that there may still be areas for improvement, particularly in diversifying their metrics beyond Accountability & Finance to showcase other aspects of their operations and impact. Overall, Hope Homes Foundation Inc demonstrates responsible management, but potential donors may want to seek more information on the charity's program outcomes and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Homes Foundation Inc legitimate?
Hope Homes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Homes Foundation 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: $133,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,498
For more financial information, click here
Official website here: www.hopehomes.org
What is the mission statement of Hope Homes Foundation Inc?
The Hope Homes Foundation Inc's mission is centered around providing accessible and affordable housing options for individuals with developmental disabilities and those with special needs. The organization is committed to serving this population, ensuring they have suitable living arrangements that cater to their unique needs. By doing so, the foundation aims to enhance their quality of life and promote their overall well-being. The foundation's activities are primarily focused on housing, working tirelessly to make this essential need more reachable and affordable for this particular group of individuals.
Official website here: www.hopehomes.org
Who is the CEO of Hope Homes Foundation Inc?
Paul Herrera is the Executive Di of Hope Homes Foundation Inc.
Official website here: www.hopehomes.org
What is the revenue of Hope Homes Foundation Inc?
Hope Homes Foundation Inc's revenue in 2022 was $1,287,306.
Official website here: www.hopehomes.org
Who are the executives of Hope Homes Foundation Inc and what are their salaries?
The average compensation at Hope Homes Foundation Inc during 2022 was $64,798. There are 3 employees at Hope Homes Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $133,896
- Related: $0
- Other: $0
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- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopehomes.org
Where can I find the form 990 for Hope Homes Foundation Inc?
Hope Homes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopehomes.org
Learn more at the official website: www.hopehomes.org
Mission Statement of Hope Homes Foundation Inc
Hope Homes Foundation Inc is committed to providing accessible and affordable housing solutions for individuals with developmental disabilities and others who have special needs. Their mission is to ensure that these individuals have a suitable living environment, catering to their unique needs. By offering such housing options, Hope Homes Foundation Inc aims to enhance the quality of life for these individuals, enabling them to live independently and with dignity.
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Impact
October, 2024
Hope Homes Foundation Inc significantly impacts the lives of individuals with developmental disabilities and other special needs by ensuring they have access to affordable and accessible housing. Based in Stow, Ohio, the organization is dedicated to empowering these individuals, offering them a sense of stability and community that is essential for fostering independence and enhancing quality of life. Through its mission, Hope Homes Foundation Inc addresses a critical need in the community, facilitating a supportive environment where individuals can thrive and participate fully in society. By focusing on housing solutions, the foundation not only alleviates financial burdens but also promotes inclusivity and dignity for those it serves.
This information is meant to be a general summary of Hope Homes Foundation 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.
- Investment Income: $250,209
- Program Service Revenue: $373,923
- Gross Receipts: $1,318,433
Assets and Liabilities:
- Total Assets: $4,314,167
- Total Liabilities: $211,553
- Net Assets: $4,102,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$369,024
PROPERTY MANAGEMENT
Revenue
$4,280
MISCELLANEOUS
Revenue
$619
Organization Details
Founding Year
1983
Phone
(330) 686-5342Principal Officer
Paul Herrera
Main Address
2300 CALL RD, STOW, OH, 44224
Website
www.hopehomes.orgNTEE Category
Code: P73Z - Human services
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