Overview
What is New Hope Corps Inc?
New Hope Corps Inc, based in Homestead, Florida, is a nonprofit organization dedicated to assisting individuals who have suffered from substance abuse. Their mission encompasses physical, psychological, spiritual, and social rehabilitation, aiming to help victims regain their health and well-being. The organization offers treatment that covers various aspects, including education, vocational training, and psychological support. They employ approximately 60 individuals in their effort to make a positive impact on the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
New Hope Corps Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial practices. The organization has achieved a high score of 94% in its Accountability & Finance category, which is critical for potential donors assessing the charity's transparency and efficiency. This score indicates that the charity effectively manages its resources, ensuring a significant portion of funds is allocated directly to its programs.
The organization's governance structure is robust, with an independent board composed entirely of members who do not have conflicts of interest. This independence is crucial for maintaining ethical oversight and operational integrity. Additionally, New Hope Corps Inc has implemented thorough policies and procedures, including audits and conflict of interest protocols, to safeguard its assets and ensure proper management.
While the organization excels in financial accountability, the summary does not provide insights into its programmatic impact or community reach. However, the high program expense ratio of 92.37% suggests that a majority of its expenditures are directed towards fulfilling its mission, which is a positive indicator for potential supporters looking to invest in effective nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Corps Inc legitimate?
New Hope Corps Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Corps 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: $2,439,609
For more financial information, click here
What is the mission statement of New Hope Corps Inc?
New Hope Corps Inc's mission is centered around providing comprehensive treatment to individuals struggling with substance abuse. Their approach encompasses physical, psychological, spiritual, educational, vocational, and social rehabilitation, with the ultimate goal of regeneration. The organization aims to help victims of substance abuse regain control of their lives and reintegrate into society.
Who is the CEO of New Hope Corps Inc?
Stephen Alvarez is the Assistant Exec Director of New Hope Corps Inc.
What is the revenue of New Hope Corps Inc?
New Hope Corps Inc's revenue in 2022 was $6,082,758.
Who are the executives of New Hope Corps Inc and what are their salaries?
The average compensation at New Hope Corps Inc during 2022 was $40,660. There are 60 employees at New Hope Corps Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for New Hope Corps Inc?
New Hope Corps Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Hope Corps Inc
New Hope Corps Inc is an organization dedicated to aiding individuals who have fallen victim to substance abuse. Their mission is centered around offering comprehensive rehabilitation, encompassing physical, psychological, spiritual, educational, vocational, and social aspects. This multifaceted approach is designed to foster a pathway towards recovery and regeneration for those in need. By providing this holistic treatment, New Hope Corps Inc strives to empower and support individuals on their journey towards overcoming substance abuse.
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Impact
June, 2024
New Hope Corps Inc's impact lies in its provision of comprehensive treatment to individuals suffering from substance abuse. By offering physical, psychological, spiritual, educational, vocational, and social rehabilitation services, the organization plays a crucial role in helping victims of substance abuse regain their health and well-being. Through its mission to promote holistic recovery, New Hope Corps Inc contributes significantly to addressing mental health challenges in the community.
This information is meant to be a general summary of New Hope Corps 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: $6,082,758
Assets and Liabilities:
- Total Assets: $6,615,215
- Total Liabilities: $1,043,432
- Net Assets: $5,571,783
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Organization Details
Founding Year
1993
Principal Officer
Stephen Alvarez
Main Address
1020 North Krome Avenue, Homestead, FL, 33030
NTEE Category
Code: F50Z - Mental health
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