Overview
What is Hearts & Homes For Youth Foundation Inc?
Hearts & Homes For Youth Foundation Inc, based in Burtonsville, Maryland, is a nonprofit organization dedicated to supporting various youth development organizations. Their primary objective is to offer assistance to a 501(c)(3) organization, contributing to its overall mission. The foundation's role includes providing essential resources and aid, contributing to the betterment and growth of these youth development organizations. The specifics of their activities and the nature of the support they provide are not explicitly stated in the given information.
Official website here: www.hh4y.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Hearts & Homes For Youth Foundation Inc has received a commendable rating of 87%, indicating a solid performance in terms of accountability and finance. The rating reflects a strong emphasis on governance, with a fully independent board and effective oversight mechanisms in place, contributing to the overall integrity of the organization.
The foundation excels in various aspects of its financial management, as evidenced by a perfect score for its independent board members and the absence of material diversion of assets. Additionally, it has a well-documented conflict of interest policy and maintains accurate board meeting minutes, which enhances transparency and accountability.
However, the organization does have room for improvement, particularly concerning its whistleblower policy, which is currently missing. While the program expense ratio is decent at 65.89%, there may be opportunities to increase the percentage of funds directly allocated to programs and services. Overall, Hearts & Homes For Youth demonstrates a strong commitment to financial accountability, though addressing these limitations could further enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Hearts & Homes For Youth Foundation Inc legitimate?
Hearts & Homes For Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearts & Homes For Youth 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.
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For more financial information, click here
Official website here: www.hh4y.org
What is the mission statement of Hearts & Homes For Youth Foundation Inc?
Hearts & Homes For Youth Foundation Inc's mission is centered around providing support for 501(c)(3) organizations. In essence, this nonprofit organization aims to bolster the efforts of various youth development organizations, contributing to their overall mission and objectives. By doing so, Hearts & Homes For Youth Foundation Inc plays a crucial role in fostering the growth and success of these organizations, ultimately benefiting the communities they serve.
Official website here: www.hh4y.org
Who is the CEO of Hearts & Homes For Youth Foundation Inc?
Chloe Perez Lcsw-C is the President & Ceo of Hearts & Homes For Youth Foundation Inc. The CEO's salary of Hearts & Homes For Youth Foundation Inc is $0 and their total compensation is $0.
Official website here: www.hh4y.org
What is the revenue of Hearts & Homes For Youth Foundation Inc?
Hearts & Homes For Youth Foundation Inc's revenue in 2022 was $741,937.
Official website here: www.hh4y.org
Who are the executives of Hearts & Homes For Youth Foundation Inc and what are their salaries?
Here are 25 key members and their salaries (Hearts & Homes For Youth Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.hh4y.org
Where can I find the form 990 for Hearts & Homes For Youth Foundation Inc?
Hearts & Homes For Youth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hh4y.org
Learn more at the official website: www.hh4y.org
Mission Statement of Hearts & Homes For Youth Foundation Inc
Hearts & Homes For Youth Foundation is an organization dedicated to offering assistance to various youth development organizations. Its mission, in simple terms, is to provide support for 501(c)(3) organizations. This nonprofit's role is to foster the growth and success of these youth-focused organizations, contributing to their collective efforts in nurturing and empowering young individuals. By providing this support, Hearts & Homes For Youth Foundation plays a significant role in the broader community, contributing to the well-being and development of future generations.
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Impact
July, 2024
Hearts & Homes For Youth Foundation Inc provides vital support to multiple youth development organizations in Burtonsville, MD. Through its philanthropic efforts, the foundation directly impacts the lives of young individuals in need by providing resources and assistance to a 501(c)(3) organization. Its mission is focused on supporting the welfare and development of youth in the community, making a significant difference in empowering and nurturing the next generation.
This information is meant to be a general summary of Hearts & Homes For Youth 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.
- Investment Income: $626,585
- Program Service Revenue: $115,352
- Gross Receipts: $741,937
Assets and Liabilities:
- Total Assets: $4,230,083
- Total Liabilities: $846,929
- Net Assets: $3,383,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$115,352
Organization Details
Founding Year
1995
Principal Officer
Chloe Perez Lcsw-C
Main Address
3919 NATIONAL DRIVE 400, BURTONSVILLE, MD, 20866
Website
www.hh4y.orgNTEE Category
Code: T30 - Philanthropy
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