Overview
What is Hope Haven Industries Inc?
Hope Haven Industries Inc, located in Chillicothe, Missouri, is a dedicated nonprofit organization. Its primary mission is to establish, manage, and administer a sheltered workshop, offering employment opportunities to individuals categorized as handicapped under Missouri law. The organization prides itself on providing dignified and meaningful employment for individuals with disabilities, promoting their independence and self-worth. With a workforce of 50 employees, Hope Haven Industries Inc is committed to enhancing the lives of its team members by offering them a chance to contribute to society and lead fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Hope Haven Industries Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has achieved full marks for having a majority of independent board members and maintaining a reasonable liabilities to assets ratio, it has serious deficiencies in transparency, as evidenced by missing financial statements and key policies.
The nonprofit scored poorly in several critical areas, including the absence of financial statements and missing conflict of interest and document retention policies. These gaps raise questions about the organization's governance and financial oversight, despite having proper documentation of board meeting minutes. The program expense ratio of 59.38% suggests that a significant portion of resources is directed towards its mission, but overall accountability remains a concern.
While the organization has strengths in board independence and asset management, the lack of transparency and missing policies could hinder public trust and support. Greater efforts towards improving financial disclosures and adhering to best practices in governance are necessary for Hope Haven Industries Inc to enhance its reputation and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Haven Industries Inc legitimate?
Hope Haven Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Haven Industries 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.
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What is the mission statement of Hope Haven Industries Inc?
Hope Haven Industries Inc's mission is centered around providing dignified and meaningful employment opportunities for individuals with disabilities. In pursuit of this goal, the organization operates and administers a sheltered workshop, employing only individuals who fall under the definition of handicapped persons as per certain regulations. The primary objective is to offer a workplace that is both respectful and purposeful, contributing positively to the lives of these individuals.
Who is the CEO of Hope Haven Industries Inc?
Carole Hobbs is the President of Hope Haven Industries Inc.
What is the revenue of Hope Haven Industries Inc?
Hope Haven Industries Inc's revenue in 2022 was $837,774.
Who are the executives of Hope Haven Industries Inc and what are their salaries?
There are 50 employees at Hope Haven Industries Inc.
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Where can I find the form 990 for Hope Haven Industries Inc?
Hope Haven Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Haven Industries Inc
Hope Haven Industries Inc, as a mission-driven organization, is dedicated to providing dignified and meaningful employment opportunities for individuals with disabilities. The nonprofit aims to establish, manage, and administer a sheltered workshop that exclusively employs individuals who fall under the definition of disabled persons, as outlined by 178.900, RSMO. By offering such employment, Hope Haven Industries Inc seeks to empower these individuals, enabling them to contribute to society in a meaningful way and improve their quality of life. The organization's mission is centered around creating an inclusive environment where individuals with disabilities can thrive and gain a sense of purpose through their work.
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Impact
July, 2024
Hope Haven Industries Inc provides dignified and meaningful employment for people with disabilities in Chillicothe, MO. They establish, operate, and administer a sheltered workshop that employs only handicapped persons as defined by law. Their impact lies in creating opportunities for individuals with disabilities to gain employment, fostering independence, and promoting a sense of dignity through meaningful work. Hope Haven Industries Inc's work not only benefits the individuals employed but also enriches the community by promoting inclusivity and diversity in the workforce.
This information is meant to be a general summary of Hope Haven Industries 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: $13,639
- Gross Receipts: $1,399,487
Assets and Liabilities:
- Total Assets: $1,821,984
- Total Liabilities: $646,954
- Net Assets: $1,175,030
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Organization Details
Founding Year
1966
Phone
(660) 646-5172Principal Officer
Carole Hobbs
Main Address
12 HERRIMAN ST, CHILLICOTHE, MO, 64601
NTEE Category
Code: J30 - Employment
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