Overview
What is Transact Hope?
Transact Hope is a nonprofit organization situated in Stevens Point, Wisconsin, with a mission to provide subsidized transitional housing and support services. Their goal is to assist individuals and families in overcoming various obstacles, including financial, legal, emotional, or even spiritual, by connecting them to affordable housing, a supportive community, and faith through Christ. They offer below-market lot rents to elderly and low-income residents, aiming to help them become financially stable and eventually transition to more traditional housing. With a dedicated team of two employees, Transact Hope is committed to making a difference in the lives of those they serve.
Official website here: www.transacthope.org
What do the Facebook reviews say about Transact Hope?
While Transact Hope has not yet garnered a significant number of reviews, the initial impressions are quite positive. The two reviews highlight the organization's commitment to aiding those who are homeless, underscoring the impactful efforts of its members who are described as "remarkable Christians."
The sentiment towards the initiative is favorable, with reviewers appreciating the dedication to providing hope and shelter. This indicates that Transact Hope is seen as a valuable resource for individuals in need of assistance.
Overall, early feedback suggests that this nonprofit is making a meaningful difference in the community, resonating well with those who support its mission.
This AI summary has been generated from reviews found on Facebook.
Is Transact Hope legitimate?
Transact Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transact 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: $68,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.transacthope.org
What is the mission statement of Transact Hope?
Transact Hope's mission is to offer transitional housing and supportive programs to individuals and families, helping them overcome various challenges such as financial, legal, emotional, or spiritual obstacles. By connecting them to affordable housing, a supportive community, and faith, the organization aims to provide a pathway towards stability and eventual transition to more traditional housing. The services also include below-market lot rents for elderly and low-income residents.
Official website here: www.transacthope.org
What is the revenue of Transact Hope?
Transact Hope's revenue in 2024 was $253,708.
Official website here: www.transacthope.org
Who are the executives of Transact Hope and what are their salaries?
The average compensation at Transact Hope during 2024 was $34,049. There are 2 employees and 20 volunteers at Transact Hope.
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Official website here: www.transacthope.org
Where can I find the form 990 for Transact Hope?
Transact Hope's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.transacthope.org
Learn more at the official website: www.transacthope.org
Mission Statement of Transact Hope
Transact Hope, a nonprofit organization, is dedicated to assisting individuals and families in overcoming various obstacles that hinder their progress in life. These obstacles may be financial, legal, emotional, or even spiritual in nature. Transact Hope achieves this by connecting them to the support they need, including affordable housing and a community of compassionate individuals. The organization's mission is to provide transitional housing and program services, thereby helping participants become financially stable and eventually move into more permanent housing.
Additionally, Transact Hope offers below-market lot rents to elderly and low-income residents, providing them with a secure and affordable living environment. By offering these services, Transact Hope aims to empower its clients, helping them overcome the challenges they face and ultimately rebuild their lives. The organization's approach is holistic, addressing not just the practical needs of its clients but also their emotional and spiritual well-being. In doing so, Transact Hope plays a vital role in supporting vulnerable individuals and families, helping them overcome the obstacles that hold them back and giving them the tools they need to thrive.
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Impact
October, 2024
Transact Hope significantly impacts individuals and families by offering transitional housing and comprehensive program services designed to help them navigate financial, legal, emotional, and spiritual challenges. By connecting participants with affordable housing and a supportive community, Transact Hope fosters an environment conducive to stability and growth.
Participants benefit from below-market lot rents, which are particularly advantageous for elderly and low-income residents, allowing them to save money while working towards financial independence. The organization’s holistic approach addresses various obstacles that clients face, equipping them with the resources and support needed to achieve long-term stability and eventually transition to traditional housing.
Ultimately, Transact Hope's initiatives empower individuals and families to overcome barriers, promote self-sufficiency, and build connections within their community, all of which contribute to a healthier, more resilient society in Stevens Point, WI.
This information is meant to be a general summary of Transact 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 2024.
- Program Service Revenue: $90,541
- Gross Receipts: $253,708
Assets and Liabilities:
- Total Assets: $789,848
- Total Liabilities: $322,398
- Net Assets: $467,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$13,726
Participant and Resident Fees
Revenue
$76,815
Organization Details
Founding Year
2012
Principal Officer
Collene Ottum
Website
www.transacthope.orgNTEE Category
Code: L21 - Housing
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