Overview
What is Open Hand Ministries Inc?
Open Hand Ministries Inc, situated in Pittsburgh, Pennsylvania, is a nonprofit organization dedicated to assisting lower-income families achieve first-time homeownership. Their mission encompasses providing help in securing an affordable mortgage, enhancing credit scores, creating family budgets, and planning for a sustainable future. In their endeavor, they collaborate with community development organizations to renovate substandard housing. By doing so, Open Hand Ministries Inc contributes to the betterment of families, enabling them to transition into homeownership. With a team of eight dedicated individuals, this nonprofit organization strives to positively impact the lives of those in need of housing assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Open Hand Ministries Inc has earned a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization received an impressive Accountability & Finance score of 86 and a Culture & Community score of 90, reflecting its commitment to financial integrity and community engagement. Notably, it achieved perfect scores in constituent feedback collection, usage, and practices, showcasing its dedication to listening and responding to the needs of those it serves.
User reviews further highlight the impactful work of Open Hand Ministries, particularly in providing financial education and homeownership opportunities to families, especially those from racially diverse backgrounds. One reviewer emphasized the transformative effects of the organization's services, noting their focus on racial and economic justice and how it brings about profound change in individuals and the broader community.
However, while the organization excels in many areas, it is important for potential supporters to consider that the ratings reflect a blend of financial health and community engagement rather than the scope of direct service provided. Overall, Open Hand Ministries is recognized for its effective strategies and commitment to improving the lives of families it serves.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Open Hand Ministries Inc legitimate?
Open Hand Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Hand Ministries 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: $72,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,127
For more financial information, click here
What is the mission statement of Open Hand Ministries Inc?
Open Hand Ministries Inc focuses on assisting lower-income families in achieving their first-time homeownership goals. They provide assistance in acquiring affordable mortgages, repairing credit, creating family budgets, and planning for their future lives. The organization collaborates with community development organizations to renovate substandard housing to make it suitable for homeownership. Through these initiatives, Open Hand Ministries aims to empower lower-income families and help them secure stable housing.
Who is the CEO of Open Hand Ministries Inc?
Wayne Younger is the Secretary of Open Hand Ministries Inc.
What is the revenue of Open Hand Ministries Inc?
Open Hand Ministries Inc's revenue in 2022 was $616,560.
Who are the executives of Open Hand Ministries Inc and what are their salaries?
The average compensation at Open Hand Ministries Inc during 2022 was $29,669. There are 8 employees and 125 volunteers at Open Hand Ministries Inc.
Here are 13 key members and their salaries:
- 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
- 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: $72,225
- Related: $0
- Other: $18,514
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Open Hand Ministries Inc?
Open Hand Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Open Hand Ministries Inc
Open Hand Ministries Inc is committed to assisting lower-income families in achieving their dream of homeownership. The organization accomplishes this by providing a comprehensive set of services, including assistance in acquiring an affordable mortgage, credit repair, family budgeting, and life planning. Open Hand Ministries Inc partners with community development organizations to renovate substandard housing, thereby furthering its mission. Through these initiatives, the nonprofit aims to empower families, helping them to secure stable and affordable housing, ultimately improving their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Open Hand Ministries Inc's impact is significant in assisting lower-income families in achieving first-time homeownership. By providing support in acquiring affordable mortgages, credit repair, family budgeting, and life planning, OHM plays a pivotal role in helping families transition from renting to owning their own homes. Additionally, their partnership with community development organizations to renovate substandard housing allows families to live in safe and improved environments. Through their efforts, OHM not only facilitates the completion of homeownership projects but also equips families with the necessary tools for sustainable homeownership.
This information is meant to be a general summary of Open Hand Ministries 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.
- Program Service Revenue: $14,400
- Gross Receipts: $623,301
Assets and Liabilities:
- Total Assets: $535,164
- Total Liabilities: $88,454
- Net Assets: $446,710
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Transitional Housing
Revenue
$14,400
Construction Management
Organization Details
Founding Year
2008
Phone
(412) 924-1409Principal Officer
Wayne Younger
Main Address
616 North Highland Avenue, Pittsburgh, PA, 15206
NTEE Category
Code: X20 - Religion related
If you are a representative of Open Hand Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.