Overview
What is Haven Services?
Haven Services is a nonprofit organization situated in Los Angeles, California, specifically at 1541 Wildwood Drive. Their primary mission is to financially empower vulnerable communities in the Los Angeles area by offering no-cost financial education and direct services. Through a five-part workshop series, Haven Services teaches essential financial topics from the FDIC Money Smart curriculum, which covers topics like budgeting, credit, credit reports, credit card usage, investment options, and identity theft protection. Completing all workshops grants participants a certificate of completion. Haven Services aims to help low- and moderate-income individuals and families overcome their financial and housing crises.
Official website here: www.havenservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Haven Services has received a strong rating of 89%, reflecting its effectiveness and dedication to its mission. The organization excels particularly in its Impact & Measurement, Culture & Community, and Leadership & Adaptability categories, each receiving a perfect score of 100. This indicates a robust approach to community engagement and a focus on achieving tangible outcomes.
Financially, the organization shows a solid commitment to program expenses with a program expense ratio of 95.75%, which suggests that a significant portion of its funds is directed towards its mission-related activities. However, its Accountability & Finance Score of 69 indicates that there may be some areas for improvement in financial transparency or operational efficiency. The liabilities to assets ratio of 27.17% also points to a manageable level of debt relative to assets.
Haven Services is actively working to enhance its equity practices, having reported the implementation of 14 Equity Practices. This shows a commitment to inclusivity and improving operational processes, though details on the specific practices and their impact would further enhance understanding of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Haven Services legitimate?
Haven Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven Services 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,519
For more financial information, click here
Official website here: www.havenservices.org
What is the mission statement of Haven Services?
Haven Services aims to financially empower vulnerable communities in Los Angeles by offering no-cost financial education and direct services. Their mission is to help individuals and families overcome their financial and housing crises. They conduct financial capability workshops using the FDIC Money Smart curriculum, which covers topics such as budgeting, credit management, investment options, and identity theft protection. Upon completing all five workshops, participants receive a certificate of completion. Through these initiatives, Haven Services aims to improve the financial well-being of the communities they serve.
Official website here: www.havenservices.org
What is the revenue of Haven Services?
Haven Services's revenue in 2023 was $1,315,723.
Official website here: www.havenservices.org
Who are the executives of Haven Services and what are their salaries?
The average compensation at Haven Services during 2023 was $38,966. There are 14 employees at Haven Services.
Here are 6 key members and their salaries:
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Official website here: www.havenservices.org
Where can I find the form 990 for Haven Services?
Haven Services's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.havenservices.org
Learn more at the official website: www.havenservices.org
Mission Statement of Haven Services
Haven Services, a nonprofit organization, is dedicated to financially empowering vulnerable communities in Los Angeles. They achieve this by offering no-cost financial education and direct services to help individuals and families overcome their financial and housing crises. Their mission is to equip these communities with the necessary financial skills and resources to improve their financial well-being.
Haven Services implements this mission through their Financial Capability Workshops, a five-part program based on the FDIC Money Smart Curriculum. Each workshop covers various financial topics, such as budgeting, credit building, understanding credit reports, credit card usage, investment options, and identity theft protection. Upon completing all five workshops, participants receive a certificate of completion from Haven Services. The program aims to educate low-and-moderate-income individuals and families, empowering them to make informed financial decisions and ultimately, end their financial crises.
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Impact
July, 2024
Haven Services has a significant impact on vulnerable communities in Los Angeles by providing essential financial education and direct services to address their financial and housing crises. Through their financial capability workshops, participants are equipped with knowledge and skills to enhance their financial wellness, including budgeting, credit management, investment options, and identity theft protection. By offering these services at no cost, Haven Services plays a crucial role in empowering individuals and families to achieve financial stability and independence.
This information is meant to be a general summary of Haven Services. 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 2023.
- Program Service Revenue: $1,315,723
- Gross Receipts: $1,315,723
Assets and Liabilities:
- Total Assets: $310,925
- Total Liabilities: $73,930
- Net Assets: $236,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS AND CONTRIBUTIO
Revenue
$1,315,723
Organization Details
Founding Year
2011
Principal Officer
Erika Toriz Kurkjian
Website
www.havenservices.orgNTEE Category
Code: P51 - Human services
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