Overview
What is Bridge Of Hope Greater Denver?
Bridge of Hope Greater Denver is a compassionate nonprofit organization situated in Denver, Colorado. Their primary mission is to engage Christian faith communities in combating family homelessness by fostering neighborly relationships that embody Christ's love. During the fiscal year 2022-2023, they partnered with 25 families in the Greater Denver area, providing assistance to 25 single mothers and 53 children. The families gained access to rental aid, professional support for budgeting, career planning, and life skills, as well as a network of volunteers. This holistic approach aided the families in stabilizing and ultimately transitioning from surviving to thriving. During this period, six families pursued education, 19 families boosted their income, families managed to pay off $44,500 in debt, and 13 families achieved self-sufficiency. Overall, 92% of the graduated families retained stable housing and employment post-program exit. The nonprofit serves a total of 11 employees.
Official website here: www.greaterdenver.bridgeofhopeinc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Bridge Of Hope Greater Denver has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is based on a comprehensive evaluation of accountability and finance, with the organization scoring exceptionally well across various categories. The charity's commitment to transparency is demonstrated through its adherence to strong governance practices, including 100% independent board members and documented policies such as conflict of interest and whistleblower protections.
The fiscal health of Bridge Of Hope Greater Denver is notable, with a program expense ratio of 72.65%, meaning a significant majority of its expenditures are directed towards its charitable programs. Additionally, the organization maintains a low liabilities to assets ratio of 0.57%, reflecting responsible financial management. The availability of financial statements and board meeting minutes contributes to an overall impression of transparency and good governance.
While the charity excels in many areas, it is always beneficial for potential donors and stakeholders to consider the full scope of its operations and community impact. However, based solely on financial metrics and accountability, Bridge Of Hope Greater Denver stands out as a well-managed organization worthy of support.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Bridge Of Hope Greater Denver?
100% of the five reviewers on Facebook recommend Bridge Of Hope Greater Denver. Here is a summary of their reviews:
The organization receives high praise for its mission to assist single mothers and families. Many attendees of the annual gala fundraiser expressed admiration for the supportive programs offered, which include aid and coaching aimed at fostering self-sufficiency within the community. Reviewers appreciate the tangible impact the nonprofit has on families, emphasizing the importance of its work.
Overall, the sentiment reflects a strong approval of Bridge Of Hope's efforts. Participants are encouraged to support the nonprofit, recognizing it as a valuable resource for those in need.
This AI summary has been generated from reviews found on Facebook.
Is Bridge Of Hope Greater Denver legitimate?
Bridge Of Hope Greater Denver is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Of Hope Greater Denver 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: $298,650
For more financial information, click here
Official website here: www.greaterdenver.bridgeofhopeinc
What is the mission statement of Bridge Of Hope Greater Denver?
Bridge of Hope Greater Denver's mission is centered around engaging Christian faith communities in combating family homelessness. They achieve this by fostering neighboring relationships that embody Christ's love. Their primary goal is to end and prevent homelessness for women and children in the Denver metropolitan area, inspiring churches to take action. During the fiscal year 2022-2023, Bridge of Hope Greater Denver assisted 25 families, including 25 single mothers and 53 children. They provided these families with rental assistance, professional support for budgeting, career planning, and life skills, as well as a network of volunteers. This holistic approach aided families in stabilizing their situations and ultimately transitioning from surviving to thriving. In this period, six families received education, 19 families increased their income, families managed to pay off $44,500 in debt, and 13 families achieved self-sufficiency. After exiting the Bridge of Hope program, 92% of the graduates maintained stable housing and employment.
Official website here: www.greaterdenver.bridgeofhopeinc
What is the revenue of Bridge Of Hope Greater Denver?
Bridge Of Hope Greater Denver's revenue in 2024 was $574,427.
Official website here: www.greaterdenver.bridgeofhopeinc
Who are the executives of Bridge Of Hope Greater Denver and what are their salaries?
The average compensation at Bridge Of Hope Greater Denver during 2024 was $27,150. There are 11 employees and 100 volunteers at Bridge Of Hope Greater Denver.
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Official website here: www.greaterdenver.bridgeofhopeinc
Where can I find the form 990 for Bridge Of Hope Greater Denver?
Bridge Of Hope Greater Denver's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.greaterdenver.bridgeofhopeinc
Learn more at the official website: www.greaterdenver.bridgeofhopeinc
Mission Statement of Bridge Of Hope Greater Denver
Bridge of Hope Greater Denver is an organization dedicated to engaging Christian faith communities in addressing family homelessness. Their mission is to bring an end to homelessness for women and children in the Denver metropolitan area by inspiring churches to take action. By partnering with families facing homelessness, Bridge of Hope provides essential resources such as rental assistance, professional support, and a network of volunteers. These resources enable families to stabilize their living situations and transition from survival to thriving.
During the fiscal year 2022-2023, Bridge of Hope Greater Denver worked with 25 families, serving 25 single mothers and 53 children. The families benefited from various support services, including guidance in budgeting, career planning, and improving life skills. As a result, six families received education, 19 families saw an increase in their income, and families managed to pay off $44,500 in debt. Moreover, 13 families reached self-sufficiency, a significant achievement that allowed them to maintain stable housing and employment after leaving the Bridge of Hope program. With a success rate of 92%, the program's graduates have demonstrated the effectiveness of Bridge of Hope Greater Denver's mission in ending and preventing family homelessness.
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Impact
July, 2024
Bridge Of Hope Greater Denver's impact can be seen in the lives of 25 single mothers and 53 children who were facing homelessness in the Greater Denver area. Through rental assistance, professional support in budgeting, career planning, and life skills, as well as a network of dedicated volunteers, these families were able to stabilize and transition from surviving to thriving. In the most recent fiscal year, 6 families received education, 19 families increased their income, families paid off $44,500 in debt, and 13 families graduated to self-sufficiency. Impressively, 92% of the program graduates maintained stable housing and employment after leaving the Bridge Of Hope program. This impactful work is crucial in fulfilling the mission to end and prevent homelessness for women and children in the Denver metro area.
This information is meant to be a general summary of Bridge Of Hope Greater Denver. 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.
- Investment Income: $13,631
- Gross Receipts: $1,161,383
Assets and Liabilities:
- Total Assets: $540,358
- Total Liabilities: $3,185
- Net Assets: $537,173
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Organization Details
Founding Year
2014
Principal Officer
Laura H Asbell
NTEE Category
Code: P20 - Human services
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