Overview
What is Lighthouse For The Homeless?
Lighthouse For The Homeless is a nonprofit organization committed to assisting individuals transitioning from homelessness to a stable living situation. Their primary facility, True Worth Place, provides essential services such as a safe shelter, showers, storage facilities, mail access, computer and phone usage, laundry facilities, and comprehensive case management. The organization's mission is to guide individuals on their journey from homelessness to a permanent home, offering them the resources and support they need to rebuild their lives.
Official website here: www.trueworthplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Lighthouse For The Homeless has achieved an impressive score of 96%, reflecting high levels of accountability and financial health. The organization boasts a fully independent board, with all eight members meeting the criteria for independence, which enhances its governance and oversight capabilities. Additionally, the charity maintains transparent financial practices, supported by a comprehensive audit and oversight committee.
The nonprofit demonstrates a strong commitment to its mission, as indicated by a program expense ratio of 85.70%. This means that a significant portion of its budget goes directly to program services, ensuring that resources are effectively utilized to support those in need. Furthermore, the organization has no reported material diversion of assets, highlighting its commitment to ethical financial management.
While the overall ratings are exceptionally positive, it is important for potential donors and supporters to consider the specific programs and services offered by Lighthouse For The Homeless. Understanding the impact of their work can provide deeper insights into how effectively they address homelessness in the community. Overall, the high ratings indicate a well-managed organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse For The Homeless legitimate?
Lighthouse For The Homeless is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse For The Homeless 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: $667,307
For more financial information, click here
Official website here: www.trueworthplace.org
What is the mission statement of Lighthouse For The Homeless?
Lighthouse for the Homeless serves a critical role in helping individuals transition from homelessness to a stable living situation. Their mission is encapsulated in the phrase "Leading the journey from homeless to home." This is achieved through their facility, True Worth Place, which provides essential services. These include a safe day shelter, access to showers, storage facilities, mail services, computers, phones, laundry facilities, and case management. The aim is to offer a supportive environment that empowers individuals to regain a sense of normalcy and stability, ultimately moving toward permanent housing.
Official website here: www.trueworthplace.org
Who is the CEO of Lighthouse For The Homeless?
Toby Owen is the Board Chair of Lighthouse For The Homeless. The CEO's salary of Lighthouse For The Homeless is $0 and their total compensation is $205,748.
Official website here: www.trueworthplace.org
What is the revenue of Lighthouse For The Homeless?
Lighthouse For The Homeless's revenue in 2022 was $1,126,447.
Official website here: www.trueworthplace.org
Who are the executives of Lighthouse For The Homeless and what are their salaries?
There 465 volunteers at Lighthouse For The Homeless.
Here are 35 key members and their salaries (Lighthouse For The Homeless's CEO's salary is $0 and their total compensation is $205,748):
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- Related: $177,017
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- Related: $119,603
- Other: $9,205
Official website here: www.trueworthplace.org
Where can I find the form 990 for Lighthouse For The Homeless?
Lighthouse For The Homeless's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trueworthplace.org
Learn more at the official website: www.trueworthplace.org
Mission Statement of Lighthouse For The Homeless
Lighthouse for the Homeless, a nonprofit organization, spearheads the transition from homelessness to a permanent home. This is accomplished through True Worth Place, a day shelter that provides various essential services. The shelter offers a safe refuge from the elements, ensuring individuals have access to basic necessities such as showers, lockers, and mail services. Moreover, True Worth Place equips the homeless with vital resources like computers, phones, and laundry facilities. Crucially, the day shelter also includes case management services, helping individuals navigate their journey towards housing stability.
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Impact
July, 2024
Lighthouse For The Homeless's impact is significant in leading individuals from homelessness to stable housing through True Worth Place in Fort Worth, TX. They provide essential services such as safe shelter, showers, storage lockers, access to mail, computers, phones, and laundry facilities, along with valuable case management support. This organization plays a crucial role in improving the lives of homeless individuals by offering them a path towards a more stable and secure future.
This information is meant to be a general summary of Lighthouse For The Homeless. 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: $50,767
- Program Service Revenue: $519,113
- Gross Receipts: $1,358,524
Assets and Liabilities:
- Total Assets: $14,628,617
- Total Liabilities: $897,155
- Net Assets: $13,731,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED RENTAL
Revenue
$425,780
CLIENT ASSISTANCE
Revenue
$93,333
Organization Details
Founding Year
2013
Phone
(817) 289-7474Principal Officer
Toby Owen
Main Address
PO BOX 2645, FORT WORTH, TX, 76113
Website
www.trueworthplace.orgNTEE Category
Code: P85 - Human services
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