Overview
What is Human Resources Development Foundation Inc?
Human Resources Development Foundation Inc, based in Chicago, Illinois, is a nonprofit organization that serves high-risk, underserved communities by providing health and human services support programs. Their mission involves managing contributions, grants, and bequests from generous supporters for the Human Resources Development Institute, Inc. These funds are utilized to offer beneficial programs for men, women, and children in these communities. The organization goes beyond basic assistance, offering additional care and attention to help individuals maintain a drug-free lifestyle or reintegrate into society post-incarceration. They also host fundraising events and annual awards for community services, acting as a prominent advocate for their programs, clients, and goals.
Official website here: www.hrdi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Human Resources Development Foundation Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and overall accountability. The score reflects a focus solely on the Accountability & Finance beacon, but the lack of transparency in financial management has notably impacted their rating.
Strengths of the organization include a fully independent board, with 87% of members meeting independence criteria. Additionally, the foundation has established policies for conflict of interest, whistleblower protections, and document retention, all of which are positive indicators of governance. However, these strengths are overshadowed by a concerning liabilities to assets ratio of 3.76% and a low program expense ratio of 41.84%, suggesting that the majority of their expenses are not being utilized directly for their programs.
Critically, while the foundation offers several important policies for transparency, it has failed to post its tax form on its website, an essential element for public accountability. This oversight, combined with the financial ratios, raises questions about the effective allocation of resources and the organization's commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Human Resources Development Foundation Inc legitimate?
Human Resources Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Human Resources Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hrdi.org
What is the mission statement of Human Resources Development Foundation Inc?
The Human Resources Development Foundation Inc's mission is centered around supporting programs focused on health and human services for high-risk, underserved communities. The organization receives and manages contributions, grants, and bequests from generous supporters, channeling these funds towards beneficial programs for men, women, and children in these communities. The foundation provides additional care and attention to its clients, aiding them in various aspects of life, such as maintaining a drug-free lifestyle or reintegrating into society after incarceration. The Human Resources Development Institute, Inc., which the foundation supports, sponsors fundraising events and annual awards for community services. The foundation serves as a successful ambassador, introducing people to its programs, clients, and goals.
Official website here: www.hrdi.org
Who is the CEO of Human Resources Development Foundation Inc?
Verneda Bachus is the Director of Human Resources Development Foundation Inc.
Official website here: www.hrdi.org
What is the revenue of Human Resources Development Foundation Inc?
Human Resources Development Foundation Inc's revenue in 2022 was $49,219.
Official website here: www.hrdi.org
Who are the executives of Human Resources Development Foundation Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $490,441
- Other: $103,108
- Compensation: $0
- Related: $247,619
- Other: $52,124
Official website here: www.hrdi.org
Where can I find the form 990 for Human Resources Development Foundation Inc?
Human Resources Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrdi.org
Learn more at the official website: www.hrdi.org
Mission Statement of Human Resources Development Foundation Inc
Human Resources Development Foundation Inc, a nonprofit organization, receives and manages contributions, grants, and bequests on behalf of the Human Resources Development Institute, Inc. Its primary mission is to utilize these donations to support programs that benefit men, women, and children in high-risk, underserved communities. The foundation provides additional care and attention required for these individuals to take the next step in their lives, whether it be maintaining a drug-free lifestyle or reintegrating into society after incarceration. To further its cause, Human Resources Development Foundation Inc sponsors fundraising events, supports annual awards for community services, and serves as a successful ambassador, introducing people to its programs, clients, and goals.
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Impact
August, 2024
The Human Resources Development Foundation Inc has made a significant impact on high-risk, underserved communities by providing support programs focused on health and human services. They have played a crucial role in helping individuals, including men, women, and children, who are served by HRDI, by offering the additional care and attention needed to take steps towards maintaining a drug-free lifestyle or reintegrating into society after incarceration.
Through sponsoring fundraising events, supporting annual awards for community services, and serving as successful ambassadors in introducing people to HRDI programs, clients, and goals, the foundation has been instrumental in improving the lives of many individuals in Chicago, Illinois. Their dedication to supporting programs that benefit those in need underscores their commitment to making a positive difference in the community.
This information is meant to be a general summary of Human Resources Development 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: $48,893
- Gross Receipts: $49,219
Assets and Liabilities:
- Total Assets: $1,797,105
- Total Liabilities: $73,052
- Net Assets: $1,724,053
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Organization Details
Founding Year
1986
Phone
(312) 441-9009Principal Officer
Verneda Bachus
Main Address
340 E 51ST STREET, CHICAGO, IL, 60615
Website
www.hrdi.orgNTEE Category
Code: J99Z - Employment
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