Overview
What is Hopespring Village?
Hopespring Village is a dedicated nonprofit organization located in Raleigh, North Carolina. Their primary focus is on providing supervised housing for individuals with disabilities. With a mission that encompasses offering a secure living environment, Hopespring Village operates under the code 53110. The organization's efforts aim to cater to the unique housing needs of this specific population, ensuring they have access to a supportive and nurturing living space.
Official website here: www.hopespringvillage.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star Rating)
Hopespring Village has received a low rating of 43%, indicating significant concerns regarding its accountability and financial practices. While the organization benefits from having a fully independent board and good governance policies, the overall score reflects substantial weaknesses in the management of its financial resources, particularly in program expenses and asset management.
The organization has received perfect scores in areas such as the independence of board members, conflict of interest policies, and the availability of board meeting minutes. However, critical elements like the whistleblower policy and document retention practices are noted as missing, detracting from its overall accountability. Furthermore, Hopespring Village has reported a 0% program expense ratio and a 0% liabilities to assets ratio, which are alarming indicators of its financial health and effectiveness in utilizing donations for its intended charitable activities.
Overall, while Hopespring Village demonstrates strong governance in some respects, its low rating highlights serious deficiencies that potential donors and stakeholders should consider. It is crucial for the organization to address these financial management issues to improve its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hopespring Village legitimate?
Hopespring Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopespring Village 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hopespringvillage.com/
What is the mission statement of Hopespring Village?
Hopespring Village, an organization, is dedicated to serving adults with disabilities. Its primary mission is to offer supervised housing solutions for this population. The organization's activities are centered around providing a safe and supportive living environment for individuals with disabilities. Through its programs, Hopespring Village aims to enhance the quality of life for adults with disabilities, ensuring they have access to appropriate housing. The organization operates under the code 53110, but specific details about its location are not provided in the information given.
Official website here: www.hopespringvillage.com/
Who is the CEO of Hopespring Village?
Lorraine Leahy is the President & Chairperson of Hopespring Village.
Official website here: www.hopespringvillage.com/
What is the revenue of Hopespring Village?
Hopespring Village's revenue in 2022 was $5,005.
Official website here: www.hopespringvillage.com/
Who are the executives of Hopespring Village and what are their salaries?
There 4 volunteers at Hopespring Village.
Here are 4 key members and their salaries:
- 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.hopespringvillage.com/
Where can I find the form 990 for Hopespring Village?
Hopespring Village's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopespringvillage.com/
Learn more at the official website: www.hopespringvillage.com/
Mission Statement of Hopespring Village
Hopespring Village, a nonprofit organization, is dedicated to providing housing for adults with disabilities. Their mission is to offer supervised living arrangements for this particular population, ensuring they have a safe and supportive environment. The organization operates under the code 53110, indicating its commitment to this cause. Hopespring Village strives to create an inclusive living space where individuals with disabilities can thrive and lead independent lives, while receiving the necessary support and care they require.
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Impact
August, 2024
Hopespring Village's impact is significant in providing supervised housing for adults with disabilities in Raleigh, North Carolina. Its programs address the specific needs of this population, offering a safe and supportive living environment. By fulfilling its mission to provide housing for adults with disabilities, Hopespring Village is making a tangible difference in the lives of those in need within the community.
This information is meant to be a general summary of Hopespring Village. 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.
- Gross Receipts: $5,005
Assets and Liabilities:
- Total Assets: $434,982
- Total Liabilities: $0
- Net Assets: $434,982
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Organization Details
Founding Year
2012
Phone
(919) 491-0506Principal Officer
Lorraine Leahy
Main Address
PO BOX 4466, Raleigh, NC, 27519
Website
www.hopespringvillage.com/NTEE Category
Code: P82 - Human services
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