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Hope Housing Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 571123002 ✦ Chesterfield, SC ✦ Designated as a 501(c)(3)

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Overview

What is Hope Housing Inc?

Hope Housing Inc is a nonprofit organization located in Chesterfield, South Carolina. Their primary mission is to support individuals with developmental disabilities, enabling them to live in their own homes if feasible, or in a community setting that closely resembles normal living conditions for their age and abilities. The organization serves eight individuals and is dedicated to meeting the needs of disabled individuals. Furthermore, Hope Housing Inc strives to provide affordable housing for low and moderate-income handicapped individuals, ensuring they have a suitable living environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating reflects an overall score based solely on Accountability & Finance, which highlights the charity's solid financial practices and governance. This score indicates that Hope Housing Inc is managing its resources effectively, providing a level of assurance to donors about the charity's financial integrity.

One of the key strengths of Hope Housing Inc is its governance structure, marked by a fully independent board, which suggests a commitment to transparency and accountability. The organization has received top marks for its independent board members and the absence of asset diversion, which is essential for maintaining trust with stakeholders. Additionally, the charity demonstrates strong financial health, with a low liabilities-to-assets ratio.

However, while the charity scores well in its financial practices, there are no additional performance metrics provided in this summary. This lack of diverse evaluation measures may limit insights into the charity's overall impact and effectiveness in fulfilling its mission. Thus, prospective donors may want to consider both the financial and programmatic aspects before making contributions.


This AI summary has been generated from information found on Charity Navigator.

Is Hope Housing Inc legitimate?

Hope Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,760

For more financial information, click here

What is the mission statement of Hope Housing Inc?

Hope Housing Inc's mission is centered around addressing the needs of individuals with disabilities. Their primary objective is to provide affordable housing options for low and moderate-income handicapped individuals. This mission aims to allow individuals with developmental disabilities to remain in their own homes if feasible, or to live in a community setting that closely resembles a normal environment for their age and capabilities. The organization serves eight individuals in this capacity.

Who is the CEO of Hope Housing Inc?

Billie Stoudemire is the Principal Officer of Hope Housing Inc.

What is the revenue of Hope Housing Inc?

Hope Housing Inc's revenue in 2023 was $60,704.

Who are the executives of Hope Housing Inc and what are their salaries?


Here are 10 key members and their salaries:


Robbie L Robertson Sr (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John A Malloy (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry A Suggs (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Baker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cherie Ann Porter (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Matthews (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valencia Howard (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billie G Stoudemire (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry C Mcmanus (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Spears (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hope Housing Inc?

Hope Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Hope Housing Inc

Hope Housing Inc, a nonprofit organization, is committed to fulfilling its mission of providing affordable housing for low and moderate-income individuals with developmental disabilities. This mission is driven by the desire to allow these individuals to maintain their homes if they wish, or to offer them a community living environment that closely resembles normal living conditions for their age and abilities, if necessary. Currently, Hope Housing Inc serves eight such individuals, demonstrating its dedication to this cause.

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Impact




August, 2024

Hope Housing Inc has a direct impact on providing affordable housing for low and moderate-income handicapped individuals in Chesterfield, SC. Their mission is to meet the needs of disabled individuals by allowing them to remain in their homes if possible, or live in a community setting tailored to their age and capabilities. This organization serves eight individuals, making a significant difference in the lives of those with developmental disabilities in the community.




This information is meant to be a general summary of Hope Housing 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.

Revenue
$60,704 (2023)
Expenses
$77,766 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $127
  • Program Service Revenue: $28,120
  • Gross Receipts: $60,704

Assets and Liabilities:

  • Total Assets: $147,214
  • Total Liabilities: $7,458
  • Net Assets: $139,756

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CLIENT RENT REVENUE

Revenue

$28,120

Organization Details

Founding Year

2001

Principal Officer

Billie Stoudemire

Main Address

POST OFFICE BOX 151, CHESTERFIELD, SC, 29709

NTEE Category

Code: L20 - Housing

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