Overview
What is Hmshost Foundation Inc?
Hmshost Foundation Inc is a 501(c)(3) charitable organization, established in 2015 and headquartered in Bethesda, Maryland. With a focus on addressing poverty, the foundation provides grants to local nonprofits, aligning with five core pillars: alleviating hunger and promoting nutritional wellness through food-related initiatives, combating homelessness by ensuring access to safe housing, furnishings, clothing, and stable employment, fostering the next generation through education and training, offering opportunities for financial stability through hospitality industry training and placement, and supporting America's military veterans and their families by funding programs that cater to their needs for food, shelter, medical care, and job training and placement.
Official website here: www.hmshostfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
Hmshost Foundation Inc has received an 88% score from Charity Navigator, earning it a Three-Star rating primarily based on its Accountability & Finance metrics. The organization shows a strong commitment to financial integrity, with an impressive program expense ratio of 85.14%, indicating that a substantial portion of its funds is directed toward its mission-related programs.
The foundation boasts a fully independent board; 87% of its members are independent, and it has established sound financial oversight practices, such as having its financial statements audited. However, there are areas for improvement, including the absence of a whistleblower policy, document retention and destruction procedures, and the posting of its tax form on its website, which could impact transparency.
Overall, while Hmshost Foundation Inc demonstrates commendable accountability and effective financial management, addressing the noted limitations could enhance its credibility and trust with stakeholders and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Hmshost Foundation Inc legitimate?
Hmshost Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hmshost 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: $88,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hmshostfoundation.org
What is the mission statement of Hmshost Foundation Inc?
The Hmshost Foundation Inc, established in 2015, is dedicated to combating poverty in various aspects. Their mission encompasses providing food and promoting nutritional wellness, addressing homelessness through safe housing and employment opportunities, encouraging the next generation through education and training, and offering opportunities for financial stability through hospitality industry training and placement. Furthermore, they show their gratitude towards military veterans and their families by supporting programs that cater to their needs for food, shelter, medical care, and job training and placement.
Official website here: www.hmshostfoundation.org
Who is the CEO of Hmshost Foundation Inc?
Paul Mamalian is the President of Hmshost Foundation Inc.
Official website here: www.hmshostfoundation.org
What is the revenue of Hmshost Foundation Inc?
Hmshost Foundation Inc's revenue in 2022 was $629,810.
Official website here: www.hmshostfoundation.org
Who are the executives of Hmshost Foundation Inc and what are their salaries?
There 38 volunteers at Hmshost Foundation Inc.
Here are 9 key members and their salaries:
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- Related: $31,661
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Official website here: www.hmshostfoundation.org
Where can I find the form 990 for Hmshost Foundation Inc?
Hmshost Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmshostfoundation.org
Learn more at the official website: www.hmshostfoundation.org
Mission Statement of Hmshost Foundation Inc
The Hmshost Foundation Inc, established in 2015, is a 501(c)(3) charitable organization with a mission to combat poverty in the local community. They achieve this mission through four key areas: food, shelter, education, and workforce development opportunities. The organization's food-related initiatives aim to alleviate hunger and promote nutritional wellness. They also work tirelessly to provide safe housing, furnishings, clothing, and stable employment to combat homelessness.
In addition to these, Hmshost Foundation Inc is committed to encouraging the next generation by providing access to education and training. They believe in empowering individuals to secure a financially stable future. To achieve this, they offer hospitality industry training and placement opportunities. Lastly, the foundation honors America's military veterans and their families by supporting programs that cater to their needs for food, shelter, medical care, and job training and placement. Through these initiatives, Hmshost Foundation Inc strives to make a significant impact in the fight against poverty.
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Impact
July, 2024
Hmshost Foundation Inc's impact is focused on fighting poverty in the local community through food, shelter, education, and workforce development opportunities. They fund local charities that work towards alleviating hunger, promoting nutritional wellness, combating homelessness, providing access to education and training, and offering opportunities for financial stability. Additionally, they support programs that meet the needs of America's military veterans and their families for food, shelter, medical care, and job training and placement. Overall, Hmshost Foundation Inc is deeply committed to addressing poverty and making a meaningful difference in the lives of those in need.
This information is meant to be a general summary of Hmshost 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.
- Gross Receipts: $1,030,282
Assets and Liabilities:
- Total Assets: $711,073
- Total Liabilities: $85,299
- Net Assets: $625,774
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Organization Details
Founding Year
2015
Phone
(240) 694-4100Principal Officer
Paul Mamalian
Main Address
6905 ROCKLEDGE DRIVE, BETHESDA, MD, 20817
Website
www.hmshostfoundation.orgNTEE Category
Code: T30 - Philanthropy
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