Overview
What is Good News Shelter Corporation?
Good News Shelter Corporation is a nonprofit organization situated in La Grange, Kentucky. Its primary mission is to offer transitional housing and supportive services to families in need, particularly those who are underprivileged and struggling to make ends meet. The organization helps families, often single women with children, who are currently homeless and lack a stable living situation. By providing them with housing, Good News Shelter Corporation aims to help these families regain their stability and build a brighter future for themselves and their children. The organization operates through various programs, such as the Bedford & Smith Apartments and Rosehaven Home for Women, which provide temporary housing to 20 families. Additionally, they offer permanent housing options through programs like Rosehaven II & Waino, assisting 3 families, and rapid rehousing for 8 families, benefiting a total of 35 adults and 24 children across Oldham, Henry, and Trimble counties. In times of emergency, they also collaborate with United Charities in Henry and Trimble counties to offer assistance to 16 families. Overall, Good News Shelter Corporation is dedicated to uplifting disadvantaged families and empowering them to become self-sufficient.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Good News Shelter Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance with an overall score of 80%. This rating is derived exclusively from a single beacon score focused on Accountability & Finance, highlighting the organization’s commitment to responsible financial practices.
The organization demonstrates strong governance, with a fully independent board of directors, which contributes positively to its accountability. They have achieved a perfect score in several key areas, including material diversion of assets and their conflict of interest policy, ensuring transparency and ethical management. Furthermore, their program expense ratio of 80.86% suggests that a significant portion of their funding is allocated directly to their programs.
While the rating reflects strong financial health and governance, it's important for potential donors and stakeholders to keep in mind that the overall score is based solely on financial metrics. Additional information on program impact or community feedback would provide a more comprehensive picture of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Good News Shelter Corporation legitimate?
Good News Shelter Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good News Shelter Corporation 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: $59,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,087
For more financial information, click here
What is the mission statement of Good News Shelter Corporation?
Good News Shelter Corporation, a faith-based organization, is committed to assisting displaced or at-risk families, particularly those who are underserved, in finding housing and related resources that can help them become or remain self-sufficient. Their primary goal is to provide transitional housing and supportive services to families who are struggling to make ends meet, often single women with their children. By offering temporary shelter and resources, they aim to provide these families with stability and a future. The organization's efforts have resulted in significant improvements in the lives of numerous families, providing them with a sense of security and hope for a better future.
Who is the CEO of Good News Shelter Corporation?
Rick Lucas is the Treasurer of Good News Shelter Corporation.
What is the revenue of Good News Shelter Corporation?
Good News Shelter Corporation's revenue in 2022 was $510,258.
Who are the executives of Good News Shelter Corporation and what are their salaries?
The average compensation at Good News Shelter Corporation during 2022 was $39,798. There are 3 employees at Good News Shelter Corporation.
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Where can I find the form 990 for Good News Shelter Corporation?
Good News Shelter Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Good News Shelter Corporation
Good News Homes, a faith-based organization, is committed to assisting displaced or at-risk families, particularly those who are underserved, in finding housing and related resources that can help them become or remain self-sufficient. This nonprofit organization provides a vital service to families who are often single women with their children, currently residing in unstable living conditions. Good News Homes aims to offer these families a sense of stability and a future, which can be life-changing. Their mission is to provide transitional housing and supportive services, enabling these families to regain their footing and ultimately achieve self-sufficiency.
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Impact
July, 2024
Good News Shelter Corporation's impact is profound as it provides transitional housing and supportive services to families who are struggling to make ends meet. By offering stable housing to these families, primarily single women with children who are homeless or on the brink of homelessness, Good News Shelter Corporation is able to provide a life-changing opportunity. Through their programs, such as the Bedford & Smith Apartments, the Rosehaven Home for Women, Rosehaven II, and Waino programs, they have helped numerous families secure permanent housing and transition from homelessness to stability.
Additionally, through their rapid rehousing initiatives across Oldham, Henry, and Trimble counties, Good News Shelter Corporation has successfully supported families in moving from the streets to permanent housing. Their emergency services provided through United Charities in Henry and Trimble counties have also been instrumental in assisting families in crisis situations.
Overall, Good News Shelter Corporation's mission to help displaced or at-risk families find housing and resources to become self-sufficient is commendable and has made a significant impact on the communities they serve.
This information is meant to be a general summary of Good News Shelter Corporation. 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: $188
- Gross Receipts: $513,551
Assets and Liabilities:
- Total Assets: $1,912,149
- Total Liabilities: $25,813
- Net Assets: $1,886,336
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Organization Details
Founding Year
1998
Phone
(502) 225-0351Principal Officer
Rick Lucas
Main Address
115 EAST ADAMS STREET SUITE 1A, LAGRANGE, KY, 40031
NTEE Category
Code: L41 - Housing
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