Overview
What is Faith Mission Home Inc?
Faith Mission Home Inc is a nonprofit organization situated in Free Union, Virginia. Their primary mission is to establish and maintain a facility that caters to the needs of intellectually disabled individuals. They achieve this by relying on various sources of income, including tuition, sales of handcrafted goods, and contributions from generous donors. The home's operations are designed to provide a supportive environment for these individuals, fostering their growth and well-being. With a staff of 85 dedicated professionals, Faith Mission Home Inc is committed to providing a nurturing space for those who require exceptional care and understanding.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
Faith Mission Home Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas. The overall score of 69% reflects several strengths in accountability and governance, particularly with an independent board, which scored full points in that category. However, the organization struggles significantly with financial transparency, receiving a score of 0 out of 15 for financial statements.
While the organization shows a strong commitment to its mission with a program expense ratio of 98.18%, demonstrating that nearly all funds are directed towards programs, there are concerns regarding the lack of essential policies, such as conflict of interest and whistleblower policies, both of which scored 0 out of 4 points. Additionally, the absence of posted financial documents on its website raises questions about transparency and accountability.
Overall, Faith Mission Home Inc exhibits some solid governance practices; however, substantial improvements are necessary in financial reporting and policy implementation to enhance its rating and ensure stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Mission Home Inc legitimate?
Faith Mission Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Mission Home 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: $75,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,413
For more financial information, click here
What is the mission statement of Faith Mission Home Inc?
Faith Mission Home Inc's mission is centered around establishing a facility for individuals with intellectual disabilities. The organization primarily relies on tuition fees, sales of handcrafted goods, and donations to sustain its operations. Its primary objective is to provide a supportive environment for these individuals, enabling them to live and thrive. Faith Mission Home Inc aims to enhance the quality of life for these individuals, providing them with opportunities for personal growth and development. The organization's operations are geared towards ensuring the intellectual disabled individuals under its care receive the necessary support and resources to lead fulfilling lives.
Who is the CEO of Faith Mission Home Inc?
Hosea Troyer is the Chairman of Faith Mission Home Inc.
What is the revenue of Faith Mission Home Inc?
Faith Mission Home Inc's revenue in 2022 was $1,507,192.
Who are the executives of Faith Mission Home Inc and what are their salaries?
The average compensation at Faith Mission Home Inc during 2022 was $4,588. There are 85 employees and 140 volunteers at Faith Mission Home Inc.
Here are 14 key members and their salaries:
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- Compensation: $32,343
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Where can I find the form 990 for Faith Mission Home Inc?
Faith Mission Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Faith Mission Home Inc
Faith Mission Home Inc is dedicated to establishing a facility that caters to individuals with intellectual disabilities. The organization primarily relies on tuition fees, sales of various goods produced on-site, and contributions to support its operations. In essence, Faith Mission Home Inc's mission is to provide a safe and nurturing environment for these individuals, enabling them to lead fulfilling lives.
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Impact
July, 2024
Faith Mission Home Inc's impact is significant in providing a supportive and caring environment for intellectually disabled individuals. By creating a facility specifically tailored to meet the needs of this community, Faith Mission Home Inc positively influences the lives of its residents. Through their operations, including tuition, sales of goods, and contributions, the organization is able to sustain this valuable service and make a difference in the lives of those they serve. Faith Mission Home Inc's dedication to supporting intellectually disabled individuals demonstrates their commitment to enhancing the quality of life for this underserved population.
This information is meant to be a general summary of Faith Mission Home 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: $35,369
- Program Service Revenue: $1,009,395
- Gross Receipts: $1,867,427
Assets and Liabilities:
- Total Assets: $3,322,552
- Total Liabilities: $160,404
- Net Assets: $3,162,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$1,009,395
Organization Details
Founding Year
1965
Phone
(434) 985-2294Principal Officer
Hosea Troyer
Main Address
3540 MISSION HOME LANE, FREE UNION, VA, 22940
NTEE Category
Code: P70 - Human services
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