Overview
What is Source Of Light & Hope Development Center Inc?
Source of Light & Hope Development Center Inc is a 501(c)(3) nonprofit organization situated in Fort Myers, Florida. Its primary mission is to support disadvantaged individuals by offering them temporary housing, facilities, goods, and services to cater to their physical, social, and psychological needs. The center specifically focuses on abandoned, abused, and neglected children aged between 12 and 17 years, as well as individuals over 18 who have been released from care and require housing. The center's objective is to promote their health, happiness, and overall well-being in life. The center operates within the specified limitations and provides a safe and supportive environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star Rating
Source Of Light & Hope Development Center Inc received a 67% rating from Charity Navigator, indicating a Two-Star status. This score reflects the organization's accountability and financial health. Notably, it has a 100% independent board, a strong program expense ratio of 89.79%, and effective financial oversight with an audit and oversight committee.
The organization's strengths include a fully independent board and robust financial management practices, as evidenced by the absence of asset diversions and the documentation of board meeting minutes. However, the organization faces challenges with its liabilities to assets ratio, which scored 0 out of 15 points, indicating potential financial stability concerns that could impact its operations and sustainability in the long term.
Overall, while Source Of Light & Hope Development Center Inc demonstrates strong governance and program spending efficiency, the financial health metrics suggest the need for ongoing monitoring and improvement to enhance its overall rating and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Source Of Light & Hope Development Center Inc legitimate?
Source Of Light & Hope Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Source Of Light & Hope Development Center 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:
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What is the mission statement of Source Of Light & Hope Development Center Inc?
The Source of Light & Hope Development Center Inc is a 501(c)(3) non-profit organization with a mission to promote the welfare of disadvantaged individuals. This community-based organization aims to provide eligible individuals with facilities, goods, and services to meet their physical, social, and psychological needs. The center's objective is to promote the health, happiness, and usefulness of these individuals in their lives. It operates residential group homes, providing temporary shelter for abandoned, abused, and neglected children between the ages of 12 and 17, as well as individuals over the age of 18 who have been released from care and require housing.
Who is the CEO of Source Of Light & Hope Development Center Inc?
Roy Kennix is the Board Member of Source Of Light & Hope Development Center Inc.
What is the revenue of Source Of Light & Hope Development Center Inc?
Source Of Light & Hope Development Center Inc's revenue in 2022 was $724,908.
Who are the executives of Source Of Light & Hope Development Center Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Source Of Light & Hope Development Center Inc?
Source Of Light & Hope Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Source Of Light & Hope Development Center Inc
Source of Light & Hope Development Center Inc is a 501(c)(3) non-profit organization committed to promoting the welfare of disadvantaged individuals. Its mission is to provide eligible persons with facilities, goods, and services to meet their physical, social, and psychological needs. The organization strives to promote the health, happiness, and usefulness of these individuals in their lives.
In essence, Source of Light & Hope Development Center Inc serves as a beacon of hope for those who are disadvantaged. It recognizes the diverse needs of its beneficiaries and offers tailored solutions to address these needs. The organization provides temporary shelter, particularly for abandoned, abused, and neglected children between the ages of 12 and 17, as well as for individuals over 18 who have been released from care and require housing. By offering these services, Source of Light & Hope Development Center Inc aims to help these individuals regain their footing and navigate their way towards a more fulfilling life.
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Impact
July, 2024
Source Of Light & Hope Development Center Inc's impact can be seen in the lives of disadvantaged individuals who have found a place of refuge and support through its residential group homes. By providing temporary shelter for abandoned, abused, and neglected children, as well as individuals over the age of 18 who require housing after being released from care, the organization has played a crucial role in offering safety, care, and resources to those in need. Through its human services focused mission, Source Of Light & Hope Development Center Inc is making a tangible difference in promoting the well-being, happiness, and usefulness of those it serves in Fort Myers, FL.
This information is meant to be a general summary of Source Of Light & Hope Development Center 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.
- Gross Receipts: $724,908
Assets and Liabilities:
- Total Assets: $356,108
- Total Liabilities: $251,492
- Net Assets: $104,616
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Organization Details
Phone
(239) 334-3739Principal Officer
Roy Kennix
Main Address
PO BOX 1892, FORT MYERS, FL, 33902
NTEE Category
Code: P730 - Human services
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