Overview
What is Forkids Inc?
Forkids Inc, based in Chesapeake, Virginia, is a dedicated nonprofit organization that assists families in need by helping them secure suitable housing. Their case management services empower families to establish long-term goals, enabling them to overcome challenges such as paying down debt, securing reliable childcare, transportation, exploring education and training opportunities, and planning for a secure financial future. With a team of 141 dedicated individuals, Forkids Inc provides education, housing, and various other assistance to homeless families in transition, aiming to break the cycle of homelessness and poverty. Their mission extends beyond crisis response, encompassing the delivery of critical services and children's education programs across Hampton Roads, Virginia.
Official website here: www.forkids.org
What are the reviews and ratings of this charity?
**Forkids Inc (EIN: 541477799) - Charity Navigator Rating: 99% (Four-Star out of Four Stars)**
Forkids Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance, particularly with a perfect score of 100 in the Accountability & Finance category for FY2023. This high rating underscores the organization's effective management and transparency in its operations, demonstrated by an independent board composed of 96% independent members and robust financial oversight measures.
The organization has shown exceptional strengths in its program efficiency, with an 87.85% program expense ratio, indicating that the majority of its funds directly support its mission. Additionally, Forkids Inc has garnered high scores in constituent feedback collection and usage, further indicating its responsiveness and dedication to its community. The mission emphasizes breaking the cycle of homelessness and poverty, pursuing strategic goals like housing stability and economic mobility, which have been vital in adapting to challenges such as those posed by the pandemic.
However, while the organization excels in many areas, it does face challenges with collecting feedback from constituents, highlighting a potential area for improvement in engagement. Overall, Forkids Inc stands out for its dedication to its mission and effective financial management, positioning itself as a leader in the fight against homelessness and poverty.
This AI summary has been generated from information found on Charity Navigator.
Is Forkids Inc legitimate?
Forkids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forkids 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: $586,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,088,552
For more financial information, click here
Official website here: www.forkids.org
What is the mission statement of Forkids Inc?
Forkids Inc, an organization dedicated to assisting families in transition, aims to provide education, housing, and other necessary services to homeless and unstably housed families. Their mission is to break the cycle of homelessness and poverty, not just for families, but also for their children. The organization offers crisis response, housing, and critical services, as well as educational programs, to families experiencing homelessness across Hampton Roads, Virginia. Forkids Inc strives to empower these families, providing them with the tools and resources needed to improve their living conditions and secure a stable future.
Official website here: www.forkids.org
Who is the CEO of Forkids Inc?
Thaler Mccormick is the Director of Forkids Inc. The CEO's salary of Forkids Inc is $199,968 and their total compensation is $212,820.
Official website here: www.forkids.org
What is the revenue of Forkids Inc?
Forkids Inc's revenue in 2022 was $10,595,777.
Official website here: www.forkids.org
Who are the executives of Forkids Inc and what are their salaries?
The average compensation at Forkids Inc during 2022 was $33,154. There are 141 employees and 500 volunteers at Forkids Inc.
Here are 30 key members and their salaries (Forkids Inc's CEO's salary is $199,968 and their total compensation is $212,820):
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- Compensation: $134,338
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- Compensation: $101,311
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- Other: $3,693
Official website here: www.forkids.org
Where can I find the form 990 for Forkids Inc?
Forkids Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forkids.org
Learn more at the official website: www.forkids.org
Mission Statement of Forkids Inc
Forkids Inc, a nonprofit organization, is dedicated to providing education, housing, and other necessary assistance to homeless families in transition. Their mission is to break the cycle of homelessness and poverty for these families and their children. By offering crisis response, housing services, and children's education programs, Forkids Inc aims to provide a stable environment and opportunities for these families to rebuild their lives. Based in Hampton Roads, Virginia, Forkids Inc serves families experiencing homelessness, providing them with the critical support needed to overcome their current situation and work towards a more secure future.
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Impact
July, 2024
Forkids Inc's impact lies in its holistic approach to helping homeless families break the cycle of homelessness and poverty. By providing education, housing, and other vital services, Forkids empowers families to stabilize their living situations and set and achieve long-term goals. Through housing stabilization services and case management, Forkids has assisted 310 households with 717 children in securing housing and establishing realistic plans for the future. This support enables families to address housing-related challenges, reduce debt, access childcare and transportation, pursue education and training opportunities, and work towards a more financially secure future. Through its dedicated efforts in Chesapeake, VA, Forkids is making a tangible difference in the lives of vulnerable families and children, helping them overcome adversity and strive towards a brighter future.
This information is meant to be a general summary of Forkids 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: $293,229
- Program Service Revenue: $30,977
- Gross Receipts: $11,341,108
Assets and Liabilities:
- Total Assets: $29,511,894
- Total Liabilities: $304,074
- Net Assets: $29,207,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$30,977
Organization Details
Founding Year
1991
Phone
(757) 622-6400Principal Officer
Thaler Mccormick
Main Address
1001 POINDEXTER STREET, CHESAPEAKE, VA, 23324
Website
www.forkids.orgNTEE Category
Code: L410 - Housing
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