Overview
What is Community Of Hope?
Community of Hope is a nonprofit organization situated in Melbourne, Florida. Their primary mission is to provide housing solutions for homeless families with children, understanding that some households may require extended support due to health, mental health, or other circumstances beyond their control. They offer various housing options, including transitional housing, low-cost permanent housing, and short-stay housing. The organization's ultimate goal is to build hope and create healthy families by offering a helping hand program of structured housing, enabling families to live in a safe and decent environment, foster self-reliance, and ultimately break the cycle of homelessness and poverty. Community of Hope currently employs 7 individuals in their mission.
Official website here: www.hopeofbrevard.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Community Of Hope has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 77%. This rating reflects the charity's commitment to financial health and governance, which is crucial for donor trust and effective operation. The high score in accountability suggests that the organization has established sound practices in managing its resources and maintaining transparency.
The organization's strengths are demonstrated through its fully independent board and robust policies, such as a conflict of interest and whistleblower policy, which enhance its operational integrity. Notably, Community Of Hope has a strong program expense ratio of 75.06%, indicating that a significant portion of its funds is directed toward its programs, which is a positive sign for potential donors looking for effective use of contributions.
However, there are some areas for improvement, particularly in the liabilities to assets ratio, which stands at 55.87%. While this is relatively acceptable, it indicates that the organization has a moderate level of debt compared to its assets, which could be a concern for financial sustainability moving forward. Overall, Community Of Hope shows strong governance and a focus on its mission, though it should continue to manage its financial health carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Community Of Hope legitimate?
Community Of Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Of Hope 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: $50,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,581
For more financial information, click here
Official website here: www.hopeofbrevard.com
What is the mission statement of Community Of Hope?
Community of Hope's mission is centered around providing housing for homeless families with children. Their goal is to build hope and foster healthy family dynamics through a structured housing program. By offering transitional, low-cost permanent, and short-stay housing options, they aim to keep families together in a safe and decent living environment. This environment enables the children and parents to grow strong, become self-reliant, and ultimately break the cycle of homelessness and poverty.
Official website here: www.hopeofbrevard.com
Who is the CEO of Community Of Hope?
David-Young Romero is the President of Community Of Hope.
Official website here: www.hopeofbrevard.com
What is the revenue of Community Of Hope?
Community Of Hope's revenue in 2022 was $740,770.
Official website here: www.hopeofbrevard.com
Who are the executives of Community Of Hope and what are their salaries?
The average compensation at Community Of Hope during 2022 was $24,506. There are 7 employees and 100 volunteers at Community Of Hope.
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Official website here: www.hopeofbrevard.com
Where can I find the form 990 for Community Of Hope?
Community Of Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeofbrevard.com
Learn more at the official website: www.hopeofbrevard.com
Mission Statement of Community Of Hope
Community of Hope, a nonprofit organization, is dedicated to providing housing solutions for homeless families with children. Their mission is to foster hope and create healthy families by offering a helping hand program of structured housing. This program allows families to reside in a safe and decent living environment, enabling them to grow strong, become self-reliant, and ultimately, break the cycle of homelessness and poverty. The organization provides transitional housing, low-cost permanent housing, and short-stay housing, ensuring that families can remain together during their journey towards self-sufficiency.
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Impact
July, 2024
Community of Hope's impact lies in its mission to provide housing for homeless families with children in Melbourne, FL. By offering transitional, low-cost permanent, and short-stay housing options, Community of Hope effectively addresses the immediate needs of families experiencing homelessness. Additionally, their focus on permanent supportive housing recognizes the complex challenges some households face, such as health or mental health issues, that may hinder their ability to achieve self-sufficiency within a typical transitional program. By providing a stable and supportive living environment, Community of Hope empowers families to build hope, become self-reliant, and break the cycle of homelessness and poverty. Through their structured housing program, they enable families to stay together in a safe and decent environment, fostering growth, resilience, and transformation within the community.
This information is meant to be a general summary of Community Of Hope. 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: $67
- Program Service Revenue: $325,067
- Gross Receipts: $761,706
Assets and Liabilities:
- Total Assets: $1,941,601
- Total Liabilities: $1,084,821
- Net Assets: $856,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PSH - HHS
Revenue
$108,275
PERMANENT SUPPORTIVE HOUSING
Revenue
$99,257
TRANSITIONAL PROGRAM REVENUE
Revenue
$68,415
PSH - HHS
Revenue
$40,256
HOPE MOSAIC
Revenue
$8,864
Organization Details
Founding Year
2005
Phone
(321) 474-0966Principal Officer
David-Young Romero
Main Address
PO BOX 1253, MELBOURNE, FL, 329021253
Website
www.hopeofbrevard.comNTEE Category
Code: L41 - Housing
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