Overview
What is Homes Of Hope Inc?
Homes of Hope Inc, located at 705 E LINCOLN STREET 313, Normal, IL 61761, is a nonprofit organization dedicated to supporting individuals with developmental disabilities. Their primary mission is to offer housing assistance and training, aiming to empower these individuals within the Bloomington-Normal community. The organization operates residential facilities, providing a safe and inclusive environment for their residents. With a team of 52 dedicated employees, Homes of Hope Inc is committed to enhancing the lives of those with developmental disabilities, fostering their independence and growth.
Official website here: www.homesofhopeinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Homes Of Hope Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is primarily based on a robust accountability framework, with the organization maintaining a 100% independent board and a strong commitment to transparency, evidenced by comprehensive financial oversight and audits.
The organization excels in its financial management, as indicated by a program expense ratio of 87.28%, suggesting that a significant majority of its resources are dedicated to its mission-related activities. Additionally, Homes Of Hope demonstrates effective governance practices with policies in place for conflict of interest, whistleblowing, and document retention, reinforcing its commitment to ethical operations.
No significant limitations were noted in the data, highlighting the nonprofit's solid governance and financial practices. This strong rating positions Homes Of Hope Inc as a reliable organization for potential donors and stakeholders seeking to support effective nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Homes Of Hope Inc?
100% of 13 reviewers on Facebook recommend Homes of Hope Inc. Here is a summary of their reviews:
Supporters express deep appreciation for the organization's impact, highlighting personal experiences and long-term involvement with Homes of Hope. One board member emphasized the miracles witnessed over the past 20 years, showcasing a strong sense of gratitude towards the residents and the dedicated staff, particularly the Executive Director, Maureen.
Overall, the feedback reflects a vibrant community spirit and a commitment to the mission of Homes of Hope. There is a clear sense of satisfaction among those associated with the nonprofit, drawing attention to both the effectiveness of the services provided and the positive relationships built within the organization.
This AI summary has been generated from reviews found on Facebook.
Is Homes Of Hope Inc legitimate?
Homes Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Of Hope 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: $114,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,573,818
For more financial information, click here
Official website here: www.homesofhopeinc.org
What is the mission statement of Homes Of Hope Inc?
Homes of Hope Inc's mission is centered around providing assistance and training for individuals with developmental disabilities. Their primary goal is to offer housing support, aiming to enhance their residents' lives. The organization operates residential facilities, offering a living space and aid to individuals in the community who are affected by developmental disabilities. Their mission is dedicated to empowering these individuals and enabling them to lead fulfilling lives.
Official website here: www.homesofhopeinc.org
Who is the CEO of Homes Of Hope Inc?
Maggie Murphy Severino is the Vice President of Homes Of Hope Inc.
Official website here: www.homesofhopeinc.org
What is the revenue of Homes Of Hope Inc?
Homes Of Hope Inc's revenue in 2022 was $2,302,479.
Official website here: www.homesofhopeinc.org
Who are the executives of Homes Of Hope Inc and what are their salaries?
The average compensation at Homes Of Hope Inc during 2022 was $32,469. There are 52 employees at Homes Of Hope Inc.
Here are 8 key members and their salaries:
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- Compensation: $111,082
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- Other: $3,496
Official website here: www.homesofhopeinc.org
Where can I find the form 990 for Homes Of Hope Inc?
Homes Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homesofhopeinc.org
Learn more at the official website: www.homesofhopeinc.org
Mission Statement of Homes Of Hope Inc
Homes of Hope Inc is dedicated to providing housing assistance and training for individuals who are developmentally disabled. Their mission is to empower these individuals by offering them a supportive living environment. The organization operates residences where these individuals can reside and receive necessary care and support. By providing housing and training, Homes of Hope Inc aims to help these individuals develop their skills and independence, ultimately improving their quality of life.
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Impact
October, 2024
Homes Of Hope Inc has a significant impact on the lives of developmentally disabled individuals by providing essential housing assistance and training. Through its residential living program, the organization offers a supportive environment in Bloomington-Normal, designed specifically for residents with developmental challenges. This initiative not only ensures safe and stable housing but also facilitates personal growth and independence for individuals in the community. By focusing on tailored support and skill development, Homes Of Hope Inc creates opportunities for residents to thrive, fostering their inclusion and enhancing their quality of life.
This information is meant to be a general summary of Homes Of Hope 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: -$1,292
- Program Service Revenue: $349,920
- Gross Receipts: $2,303,771
Assets and Liabilities:
- Total Assets: $590,519
- Total Liabilities: $168,122
- Net Assets: $422,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SERVICES
Revenue
$349,920
Organization Details
Founding Year
1992
Phone
(309) 862-0607Principal Officer
Maggie Murphy Severino
Main Address
705 E LINCOLN STREET 313, NORMAL, IL, 61761
Website
www.homesofhopeinc.orgNTEE Category
Code: P80Z - Human services
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