Overview
What is Holdyou Foundation Inc?
Holdyou Foundation Inc is a compassionate nonprofit organization located in Sherman Oaks, California. Their primary mission is to offer financial aid to families with children who are critically ill or injured. They collaborate with hospital social workers to identify at-risk families and provide immediate assistance with essential expenses such as rent, mortgage, food, utilities, gas, and transportation. By making direct payments to vendors, Holdyou Foundation alleviates financial stressors, enabling families to focus on loving and caring for their children. In 2021, they supported 86 families (368 individuals) and 23 families (100 individuals) during their holiday program. The organization is led by a dedicated team of one individual.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Holdyou Foundation Inc has earned a respectable Three-Star rating, indicating a solid performance in accountability and finance. With a score of 80%, the organization demonstrates a high level of financial health and transparency, particularly highlighted by its independent board composition, which includes 100% independent members. This reflects strong governance practices that can foster trust among donors and the community.
Strengths of the organization include a robust program expense ratio of 79.36%, which signifies that a significant portion of its resources is directed towards its charitable programs. Additionally, the foundation boasts a favorable liabilities to assets ratio of 44.15%, suggesting sound financial management and stability. The presence of a conflict of interest policy and documented board meeting minutes further enhances its credibility and operational integrity.
While the foundation shows many positive attributes, the overall rating of 80% suggests there is room for improvement in certain areas. Continuous efforts to enhance financial efficiency or expand program outreach could further elevate its standing. However, the current metrics indicate a well-managed organization that is committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Holdyou Foundation Inc legitimate?
Holdyou Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holdyou Foundation 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: $40,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Holdyou Foundation Inc?
The Holdyou Foundation Inc's mission is centered around providing financial aid to families who are struggling due to their children's critical illnesses or injuries. Specifically, the foundation aims to offer immediate support for essential expenses such as rent, mortgage, food, utilities, and transportation costs. By partnering with hospital social workers and directly paying vendors, Holdyou Foundation alleviates financial stressors, allowing families to focus on their children's care and recovery. During the holiday season, the foundation also extends its assistance to ensure that families can celebrate together. Overall, Holdyou Foundation Inc's mission is to offer critical financial assistance to families in need, enabling them to focus on their loved ones during challenging times.
Who is the CEO of Holdyou Foundation Inc?
Natalie Hill is the President Director of Holdyou Foundation Inc.
What is the revenue of Holdyou Foundation Inc?
Holdyou Foundation Inc's revenue in 2022 was $174,414.
Who are the executives of Holdyou Foundation Inc and what are their salaries?
The average compensation at Holdyou Foundation Inc during 2022 was $40,402. There is 1 employee at Holdyou Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $49,500
- 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
Where can I find the form 990 for Holdyou Foundation Inc?
Holdyou Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holdyou Foundation Inc
The Holdyou Foundation Inc, in its mission, focuses on providing financial aid to families who are grappling with the critical illness or injury of their children. The organization's primary objective is to alleviate the financial burdens that these families face, allowing them to concentrate on the love, advocacy, and care their children require during this challenging time. Holdyou Foundation Inc accomplishes this by collaborating with hospital social workers who identify and refer families in need. Through the Family Assistance Program, the foundation directly pays for essential expenses such as rent, mortgage, food, utilities, gas, and transportation, thus reducing the stressors these families face. Furthermore, during the holiday season, the Holdyou Foundation Inc extends its support to 23 families, ensuring their basic needs are met.
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Impact
October, 2024
Holdyou Foundation Inc significantly impacts families facing the unimaginable crisis of caring for critically ill or injured children. By partnering with hospital social workers, Holdyou identifies at-risk families and provides them with essential financial assistance. This support acts as a vital safety net, covering urgent needs such as rent, mortgage, food, utilities, transportation, and gas, allowing families to focus on what truly matters—their children's care and well-being.
In a recent initiative, Holdyou supported 86 families, encompassing 368 individuals, ensuring their immediate basic needs were met during some of the toughest times of their lives. The foundation's approach involves making payments directly to vendors, alleviating financial stress and enabling families to concentrate on love, advocacy, and caregiving. Additionally, their Holiday Program reached 23 families, benefiting 100 individuals, further demonstrating their commitment to providing ongoing support in times of need. Through these efforts, Holdyou Foundation Inc is a beacon of hope for families navigating medical crises, fostering resilience and compassion in the face of adversity.
This information is meant to be a general summary of Holdyou Foundation 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.
- Program Service Revenue: $7,595
- Gross Receipts: $176,683
Assets and Liabilities:
- Total Assets: $123,275
- Total Liabilities: $53,137
- Net Assets: $70,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Forgiven PPP loan
Revenue
$7,595
Organization Details
Founding Year
2015
Phone
(844) 465-3968Principal Officer
Natalie Hill
Main Address
13440 Ventura Blvd Ste 108, Sherman Oaks, CA, 91423
NTEE Category
Code: E99 - Health
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