Overview
What is Loisann's Hope House?
Loisann's Hope House is a compassionate nonprofit organization situated in Fredericksburg, Virginia. Their primary mission is to offer shelter and prevention assistance to combat homelessness, aiming to foster long-term independence for women and children. They provide a wide range of essential services, including meals, personal items, laundry facilities, transportation, basic budget consulting, and case management. Their dedication extends beyond shelter, offering aftercare support to ensure a smooth transition back into independent living. With a committed team of 26 employees, Loisann's Hope House is a vital resource in the community, dedicated to breaking the cycle of homelessness.
Official website here: www.loisannshopehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Loisann's Hope House has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong accountability and finance score of 92%. This rating indicates that the organization effectively manages its financial resources and demonstrates transparency in its operations, which is crucial for donor trust.
The nonprofit excels in various areas, particularly in governance, as evidenced by having a fully independent board and a solid audit oversight committee. The absence of any material diversion of assets further enhances its credibility, and a high program expense ratio signifies that the majority of its funds are directed towards its mission rather than administrative costs.
However, it is worth noting that the organization lacks a whistleblower policy, which could be a potential area for improvement in fostering a more robust governance framework. Overall, Loisann's Hope House is positioned as a reliable and effective nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Loisann's Hope House?
96% of 32 reviewers on Facebook recommend Loisann's Hope House. Here is a summary of their reviews:
Many users express gratitude and appreciation for the organization's dedicated staff, highlighting their kindness and support. This positive sentiment reflects a strong belief in the mission of Loisann's Hope House to assist those in need.
The reviews indicate that the nonprofit not only meets but often exceeds the expectations of those it serves, fostering an environment of compassion and community. Overall, the organization appears to be making a significant impact in the lives of its clients.
This AI summary has been generated from reviews found on Facebook.
Is Loisann's Hope House legitimate?
Loisann's Hope House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loisann's Hope House 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: $154,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $586,901
For more financial information, click here
Official website here: www.loisannshopehouse.org
What is the mission statement of Loisann's Hope House?
Loisann's Hope House is dedicated to providing family shelter and prevention assistance with the goal of breaking the cycle of homelessness and supporting long-term independence. The organization offers a range of services to assist women and children, including temporary shelter, grants, meals, essential items, laundry facilities, transportation, basic budget consulting, and case management. Aftercare services are also provided to help families transition back into independent living. The mission of Loisann's Hope House is to offer a supportive environment and resources to empower families to overcome homelessness and build a stable future.
Official website here: www.loisannshopehouse.org
Who is the CEO of Loisann's Hope House?
Adam Fried is the Chairperson of Loisann's Hope House.
Official website here: www.loisannshopehouse.org
What is the revenue of Loisann's Hope House?
Loisann's Hope House's revenue in 2023 was $1,522,266.
Official website here: www.loisannshopehouse.org
Who are the executives of Loisann's Hope House and what are their salaries?
The average compensation at Loisann's Hope House during 2023 was $28,518. There are 26 employees and 50 volunteers at Loisann's Hope House.
Here are 15 key members and their salaries:
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Official website here: www.loisannshopehouse.org
Where can I find the form 990 for Loisann's Hope House?
Loisann's Hope House's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.loisannshopehouse.org
Learn more at the official website: www.loisannshopehouse.org
Mission Statement of Loisann's Hope House
Loisann's Hope House, a nonprofit organization, is committed to breaking the cycle of homelessness and fostering long-term independence. This is achieved through two key aspects: providing family shelter and offering prevention assistance. The main objective is to provide a safe and supportive environment for women and children, helping them escape the harsh realities of homelessness.
In practice, Loisann's Hope House offers a wide range of assistance. This includes providing shelter, essential grants, meals, access to laundry facilities, and transportation. Additionally, they offer basic budget consulting and case management services to help families navigate their way towards financial stability. Aftercare services are also provided to ensure a smooth transition out of the shelter and into independent living.
In summary, Loisann's Hope House is a beacon of hope for families struggling with homelessness. By offering shelter and prevention assistance, the organization aims to break the cycle of homelessness and support these families on their journey towards long-term independence. Through its comprehensive range of services, Loisann's Hope House provides a holistic approach to addressing the complex issue of homelessness, helping families rebuild their lives and secure a brighter future.
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Impact
July, 2024
Loisann's Hope House has been instrumental in providing crucial support to homeless families in Fredericksburg, VA. By offering shelter, grants, meals, personal items, laundry facilities, transportation, basic budget consulting, and case management services, the organization has helped women and children break the cycle of homelessness and achieve long-term independence. Through their aftercare programs, they continue to support individuals even after they have left the shelter. Loisann's Hope House's impact is evident in the lives they have transformed and the families they have helped rebuild.
This information is meant to be a general summary of Loisann's Hope House. 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 2023.
- Investment Income: $765
- Gross Receipts: $1,552,755
Assets and Liabilities:
- Total Assets: $1,973,807
- Total Liabilities: $67,695
- Net Assets: $1,906,112
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Organization Details
Founding Year
1985
Phone
(540) 371-0831Principal Officer
Adam Fried
Main Address
902 LAFAYETTE BLVD, FREDERICKSBURG, VA, 224015617
Website
www.loisannshopehouse.orgNTEE Category
Code: P600 - Human services
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