Overview
What is Glen Hope Harbor Inc?
Glen Hope Harbor Inc, located in San Antonio, Texas, is a nonprofit organization with a mission to provide affordable housing and care for senior citizens suffering from Alzheimer's disease and other dementia-related illnesses. They develop, finance, and operate high-quality, stable, and healthy senior living communities, offering program-enriched housing and personal care support tailored to meet the unique needs of their residents. With a focus on affordability, Glen Hope Harbor Inc strives to create a nurturing environment that promotes the health and well-being of its senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%
Glen Hope Harbor Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 45%, the organization notably lacks an independent board, scoring zero in that category, which raises questions about governance and oversight. Although there is a material diversion of assets noted, the charity does have a conflict of interest policy in place, reflecting some level of adherence to best practices.
The financial metrics reveal a mixed picture; while the program expense ratio is strong at 25 out of 25, indicating that the organization allocates its resources effectively towards its mission, other areas highlight weaknesses. The lack of transparency is concerning, as shown by the absence of a website listing tax forms and poor documentation practices, including a missing whistleblower policy and inadequate retention protocols.
Overall, while Glen Hope Harbor Inc shows a commitment to its programming, the governance and financial accountability issues represented in its rating suggest that potential donors may want to approach with caution and consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Glen Hope Harbor Inc legitimate?
Glen Hope Harbor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glen Hope Harbor 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
What is the mission statement of Glen Hope Harbor Inc?
Glen Hope Harbor Inc, as a corporation, is dedicated to providing services that benefit senior citizens struggling with Alzheimer's disease and other dementia-related illnesses. The primary mission of this organization is to develop, finance, and operate high-quality, stable, and healthy housing for these individuals in the long term. These housing units are designed to be affordable and program-enriched, providing personal care support tailored to meet the unique needs of the residents. Glen Hope Harbor Inc's mission extends beyond just providing housing; it aims to create a living environment that fosters comfort and support for senior citizens living with Alzheimer's and dementia.
What is the revenue of Glen Hope Harbor Inc?
Glen Hope Harbor Inc's revenue in 2024 was $0.
Who are the executives of Glen Hope Harbor Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Glen Hope Harbor Inc?
Glen Hope Harbor Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Glen Hope Harbor Inc
Glen Hope Harbor Inc is dedicated to making a significant impact in the lives of senior citizens struggling with Alzheimer's disease and other dementia-related illnesses. The organization's mission is to develop, finance, and operate high-quality, stable, and healthy housing units specifically designed for this demographic. This long-term commitment aims to provide program-enriched and affordable living spaces that cater to the unique needs of these individuals, including personal care support. By doing so, Glen Hope Harbor Inc strives to create an environment that promotes overall well-being and comfort for its residents. The corporation was established with the primary objective of offering beneficial services to senior citizens suffering from these conditions.
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Impact
October, 2024
Glen Hope Harbor Inc significantly impacts the community by providing stable, affordable housing solutions specifically designed for senior citizens dealing with Alzheimer’s disease and other dementia-related illnesses. With a focus on quality, the organization operates a retirement community in San Antonio, Texas, featuring 144 assisted living memory care units. This facility not only addresses the critical need for affordable rents but also incorporates program-enriched environments that enhance the quality of life for its residents. Additionally, personal care support is tailored to meet each resident's unique needs, ensuring they receive the dignity and assistance required to navigate their daily lives. By prioritizing the well-being of seniors, Glen Hope Harbor Inc fosters a sense of community and support, profoundly benefiting both residents and their families.
This information is meant to be a general summary of Glen Hope Harbor 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 2024.
- Investment Income: -$10,895,099
- Program Service Revenue: $1,259,754
- Gross Receipts: $14,025,518
Assets and Liabilities:
- Total Assets: $1,735,999
- Total Liabilities: $25,947,262
- Net Assets: -$24,211,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$969,055
OTHER INCOME
Revenue
$289,179
TENANT CHARGES
Revenue
$1,520
Organization Details
Founding Year
2012
Principal Officer
Randolph N Osherow
NTEE Category
Code: P81 - Human services
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