Overview
What is Restored Hope Ministries Inc?
Restored Hope Ministries Inc is a nonprofit organization situated in Dallas, Texas. Their primary mission is to offer temporary housing to individuals experiencing homelessness. In the previous year, they reported generating $711,192 in revenues. Beyond providing shelter, Restored Hope Ministries is dedicated to ministering to survivors of sex trafficking, offering them a safe and supportive environment. The organization's work is essential in addressing the complex needs of these individuals, ensuring they receive the necessary care and assistance to rebuild their lives.
Official website here: www.restoredhopeministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Restored Hope Ministries Inc has received a 73% rating from Charity Navigator, which translates to a two-star rating. This score reflects the organization’s performance in accountability and finance, indicating that while they excel in some governance areas, there are significant concerns regarding financial transparency, particularly the absence of available financial statements.
Strengths of the organization include having a fully independent board, which is crucial for effective oversight, and they have implemented strong policies regarding conflict of interest and whistleblower protections. Additionally, the organization maintains a solid program expense ratio of 70.31%, suggesting that a majority of their resources are directed towards their mission-related activities.
However, the lack of financial statements significantly impacts their rating, revealing a gap in transparency that potential donors might find concerning. The liabilities to assets ratio of 60.12% also raises questions about the long-term financial health of the organization. Overall, while Restored Hope Ministries demonstrates a commitment to governance and mission, improvements in financial reporting and transparency would be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is Restored Hope Ministries Inc legitimate?
Restored Hope Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restored Hope 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: $103,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,271
For more financial information, click here
Official website here: www.restoredhopeministries.org
What is the mission statement of Restored Hope Ministries Inc?
Restored Hope Ministries Inc, as an organization, is dedicated to supporting individuals who have been victims of sex trafficking. Its primary mission is to provide them with temporary shelter and assistance, aiming to help them rebuild their lives. The organization does not disclose specific details about its mission statement, but its activities clearly indicate a commitment to offering a safe and supportive environment for those who have experienced this form of exploitation. Despite not having an officially stated mission statement, Restored Hope Ministries' actions demonstrate its commitment to empowering and aiding sex trafficking victims in their journey towards recovery and healing.
Official website here: www.restoredhopeministries.org
Who is the CEO of Restored Hope Ministries Inc?
Sam Pollinzi is the President & Ceo of Restored Hope Ministries Inc. The CEO's salary of Restored Hope Ministries Inc is $109,850 and their total compensation is $109,850.
Official website here: www.restoredhopeministries.org
What is the revenue of Restored Hope Ministries Inc?
Restored Hope Ministries Inc's revenue in 2022 was $777,684.
Official website here: www.restoredhopeministries.org
Who are the executives of Restored Hope Ministries Inc and what are their salaries?
The average compensation at Restored Hope Ministries Inc during 2022 was $24,463. There are 12 employees and 50 volunteers at Restored Hope Ministries Inc.
Here are 7 key members and their salaries (Restored Hope Ministries Inc's CEO's salary is $109,850 and their total compensation is $109,850):
- Compensation: $109,850
- Related: $0
- Other: $0
- Compensation: $6,180
- 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
Official website here: www.restoredhopeministries.org
Where can I find the form 990 for Restored Hope Ministries Inc?
Restored Hope Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.restoredhopeministries.org
Learn more at the official website: www.restoredhopeministries.org
Mission Statement of Restored Hope Ministries Inc
Restored Hope Ministries Inc, a nonprofit organization, is dedicated to addressing the issue of sex trafficking victims. Their mission is centered around providing temporary shelter and support for individuals who have been affected by this devastating issue. Although the information provided does not detail the specific services or methods Restored Hope Ministries uses to achieve this mission, it is clear that their focus is on offering assistance to those in need. The organization's financial success, with an annual revenue of $711,192, suggests that they are effectively carrying out their mission and making a positive impact in the lives of those they serve.
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Impact
July, 2024
Restored Hope Ministries Inc's impact is significant in the Dallas, TX community. By ministering to sex trafficking victims and providing temporary shelter for the homeless, they address critical issues affecting vulnerable populations in the area. Their work not only offers immediate relief and support to individuals in need but also amplifies awareness and advocacy for these pressing social issues. Additionally, their revenue generation demonstrates a strong community support for their mission, allowing them to continue and expand their impactful work. The tag "Human services" reflects their dedication to improving the well-being and quality of life for those they serve.
This information is meant to be a general summary of Restored Hope 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.
- Investment Income: $1,405
- Gross Receipts: $862,235
Assets and Liabilities:
- Total Assets: $1,476,972
- Total Liabilities: $888,102
- Net Assets: $588,870
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Organization Details
Founding Year
2012
Phone
(469) 853-4121Principal Officer
Sam Pollinzi
Main Address
4103 Bryan St Ste 204, Dallas, TX, 75204
NTEE Category
Code: P20 - Human services
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