Overview
What is True Hope Ministries?
True Hope Ministries is a nonprofit organization dedicated to offering a sanctuary for individuals battling with substance abuse issues, primarily drug and alcohol addiction. Their mission is to establish a secure and nurturing environment where residents can embark on their journey towards recovery. Through Christ-centered approaches, True Hope Ministries aims to help individuals heal and conquer their struggles. The organization provides long-term residential treatment programs, offering essential support and encouragement during this transformative journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
True Hope Ministries has received a low rating of 58%, indicating significant concerns in its accountability and finance practices. The overall score reflects a single beacon score focused on this area, highlighting both strengths and weaknesses in its financial management and governance.
The organization demonstrates several strengths, such as having a majority of independent board members and a high program expense ratio of 79.5%, indicating that most of its funds are directed towards its programs. Additionally, True Hope Ministries successfully documents its board meeting minutes and has shown no material diversion of assets, which are positive indicators of operational integrity.
However, the nonprofit faces notable limitations, particularly in governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for transparency and accountability. Furthermore, the absence of the nonprofit's tax form on its website raises additional concerns about transparency in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is True Hope Ministries legitimate?
True Hope Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Hope Ministries 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: $294,488
For more financial information, click here
What is the mission statement of True Hope Ministries?
True Hope Ministries is committed to offering a sanctuary for individuals battling with life-controlling issues, particularly drug and alcohol addiction. Their mission is to establish a secure and nurturing environment where these individuals can begin their journey towards recovery. The ministry's approach is rooted in Christian principles, aiming to help residents heal and conquer their struggles.
Who is the CEO of True Hope Ministries?
Gregory Priest is the Exec Dir of True Hope Ministries.
What is the revenue of True Hope Ministries?
True Hope Ministries's revenue in 2022 was $687,217.
Who are the executives of True Hope Ministries and what are their salaries?
The average compensation at True Hope Ministries during 2022 was $14,724. There are 20 employees at True Hope Ministries.
Here are 3 key members and their salaries:
- Compensation: $32,962
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for True Hope Ministries?
True Hope Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of True Hope Ministries
True Hope Ministries, a nonprofit organization, is dedicated to providing a sanctuary for individuals grappling with life-controlling problems, primarily drug and alcohol addiction. Their mission is to offer a secure and nurturing environment where residents can embark on their journey towards healing and overcoming their struggles. With a Christ-centered approach, True Hope Ministries aims to empower its residents to overcome their addictions and lead fulfilling lives.
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Impact
July, 2024
True Hope Ministries provides a beacon of hope for individuals battling drug and alcohol addiction. Through its long term residential homes, it offers a safe and nurturing environment where residents can heal and overcome their struggles. By providing Christ-centered solutions, True Hope Ministries is making a significant impact in helping individuals break free from life controlling problems and guiding them towards a path of recovery and transformation.
This information is meant to be a general summary of True Hope Ministries. 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: $687,217
Assets and Liabilities:
- Total Assets: $23,508
- Total Liabilities: $47,501
- Net Assets: -$23,993
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Organization Details
Founding Year
2015
Principal Officer
Gregory Priest
Main Address
69 LEE ROAD 218, PHENIX CITY, AL, 36870
NTEE Category
Code: P73 - Human services
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