Overview
What is Open Hearts Open Arms?
Open Hearts Open Arms is a nonprofit organization situated in Maryville, Tennessee. Initially managing a single residence for three intellectually disabled adults, they have recently expanded under new leadership, now operating five homes that cater to 15 supported individuals and two more residents living independently. The organization's primary mission is to provide affordable housing and life skills support for intellectually and/or developmentally disabled adults, homeless disabled veterans, and homeless foster children transitioning into adulthood. Their efforts are focused on financial management, regulatory compliance, staffing development, and enhancing the overall quality of life for the individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Open Hearts Open Arms has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has a low score in this category primarily due to the complete absence of independent board members and a lack of key governance policies such as conflict of interest and whistleblower policies. Additionally, the charity has not made important financial documents available on its website, raising questions about transparency.
Despite these governance issues, the nonprofit demonstrates a strong commitment to its mission, as indicated by its impressive program expense ratio of 96.52%. This suggests that a substantial majority of its expenditures are directed towards program services rather than administrative costs. However, the absence of financial statements and other governance documents limits the ability of donors and stakeholders to assess the overall financial health and operational integrity of the organization.
The charity's financial structure shows a favorable liabilities to assets ratio, indicating some stability; however, the lack of independent oversight and missing governance frameworks are significant limitations. Potential donors and supporters should weigh these factors carefully when considering their engagement with Open Hearts Open Arms.
This AI summary has been generated from information found on Charity Navigator.
Is Open Hearts Open Arms legitimate?
Open Hearts Open Arms is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Hearts Open Arms 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: $547,138
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What is the mission statement of Open Hearts Open Arms?
Open Hearts Open Arms, an agency dedicated to supporting intellectually disabled adults, homeless disabled veterans, and foster children in transition, strives to provide affordable housing and life support skills. Their mission is to create a supportive environment, focusing on providing housing and developing essential skills for these individuals, aiming to improve their quality of life. Under new management, the agency has expanded its services, now operating five homes and serving a larger number of individuals. The team has also established a strategic plan, focusing on financial management, regulatory compliance, staff development, and enhancing the lives of the supported individuals.
Who is the CEO of Open Hearts Open Arms?
Cheryl Hintz is the Trustee of Open Hearts Open Arms.
What is the revenue of Open Hearts Open Arms?
Open Hearts Open Arms's revenue in 2022 was $751,044.
Who are the executives of Open Hearts Open Arms and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Open Hearts Open Arms?
Open Hearts Open Arms's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Open Hearts Open Arms
Open Hearts Open Arms, a supportive agency, is committed to developing affordable housing and providing life skills for intellectually and/or developmentally disabled adults, homeless disabled veterans, and homeless foster children in transition. Their mission is geared towards enhancing the living conditions and empowering these individuals to lead independent and fulfilling lives. By offering affordable housing and life support skills, Open Hearts Open Arms aims to create an environment where these individuals can develop their abilities, build self-confidence, and become active members of their communities. Under new management, the agency has expanded its reach, growing from a single house with three residents to five homes serving fifteen supported persons and two in-home residents. The organization's dedication to financial management, regulatory compliance, staffing and employee development, and improving the quality of life for its supported persons have laid a strong foundation for future growth and success.
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Impact
July, 2024
Open Hearts Open Arms has had a significant impact on the lives of intellectually disabled adults in Maryville, Tennessee. Through their efforts, the agency has expanded from one house with 3 individuals to five homes serving 15 supported persons and two in-home programs. This growth has provided more opportunities for individuals with disabilities to have a safe and supportive living environment.
Additionally, the new management of the agency has implemented a strategic plan focused on financial management, regulatory compliance, staffing/employee development, and improved quality of life for the supported persons. This has created a solid foundation for continued growth and success in serving the community.
Overall, Open Hearts Open Arms is making a tangible difference by providing affordable housing and life support skills for intellectually disabled adults, homeless disabled veterans, and homeless foster children/young adults in transition. Their dedication to human services is evident in the positive impact they have on the lives of those they serve.
This information is meant to be a general summary of Open Hearts Open Arms. 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: -$3,029
- Gross Receipts: $755,143
Assets and Liabilities:
- Total Assets: $359,091
- Total Liabilities: $315,454
- Net Assets: $43,637
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Organization Details
Principal Officer
Cheryl Hintz
Main Address
200 E Broadway Avenue 410, Maryville, TN, 37804
NTEE Category
Code: P80 - Human services
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