Overview
What is St Hope Development Company?
St. Hope Development Company is a nonprofit organization based in Sacramento, California, with a postal address at PO Box 5447. Their primary mission is to enhance the community by investing in and developing real estate, a strategy that stimulates growth within inner-city neighborhoods. This initiative aims to improve the Oak Park community and elevate the overall quality of life. In addition to real estate development, St. Hope Development Company provides job training and employment opportunities, contributing to the betterment of the community and the individuals residing there. The organization employs a total of 7 people.
Official website here: www.sthope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
St Hope Development Company has earned an 82% score from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is exclusively based on the Accountability & Finance category, indicating that the organization meets several key standards of transparency and governance.
The organization boasts a fully independent board with 100% of its members being independent, and it has no reported material diversion of assets. They also maintain comprehensive policies in place, including conflict of interest and whistleblower policies, which are crucial for maintaining ethical operations. The program expense ratio is notably high at 99.93%, suggesting a strong focus on programmatic spending versus administrative costs.
Despite its strengths, potential donors might want to consider the overall financial details, including the salaries of key personnel. While the compensation appears reasonable, transparency in how funds are allocated can be important for supporters. Overall, St Hope Development Company demonstrates a commitment to maintaining accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is St Hope Development Company legitimate?
St Hope Development Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Hope Development Company 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: $437,555
For more financial information, click here
Official website here: www.sthope.org
What is the mission statement of St Hope Development Company?
St. Hope Development Company's mission is centered around improving communities through real estate development. Their objective is to stimulate growth within urban areas, leading to a betterment of the community and an enhancement in the quality of life. This is achieved through their initiative in job training and employment opportunities. By investing in and developing real estate, they aim to contribute positively to the local community of Oak Park, ultimately improving its overall living standards.
Official website here: www.sthope.org
Who is the CEO of St Hope Development Company?
Cassandra Jennings is the Ceo of St Hope Development Company. The CEO's salary of St Hope Development Company is $0 and their total compensation is $90,028.
Official website here: www.sthope.org
What is the revenue of St Hope Development Company?
St Hope Development Company's revenue in 2022 was $514,629.
Official website here: www.sthope.org
Who are the executives of St Hope Development Company and what are their salaries?
The average compensation at St Hope Development Company during 2022 was $62,508. There are 7 employees at St Hope Development Company.
Here are 7 key members and their salaries (St Hope Development Company's CEO's salary is $0 and their total compensation is $90,028):
- Compensation: $0
- Related: $323,478
- Other: $0
- Compensation: $0
- Related: $118,649
- Other: $0
- Compensation: $0
- Related: $107,056
- Other: $0
- Compensation: $0
- Related: $104,766
- Other: $0
- Compensation: $0
- Related: $90,028
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sthope.org
Where can I find the form 990 for St Hope Development Company?
St Hope Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sthope.org
Learn more at the official website: www.sthope.org
Mission Statement of St Hope Development Company
St. Hope Development Company is dedicated to bettering communities through strategic real estate development. Their mission is multifaceted, encompassing both physical infrastructure improvements and a focus on job training and employment opportunities. By investing in and developing real estate within inner city communities, St. Hope aims to stimulate growth and improve the overall quality of life. This approach to community development not only benefits the local area but also contributes to the betterment of the community as a whole. By providing job training and employment opportunities, St. Hope helps individuals gain the skills and resources necessary to secure stable employment, ultimately leading to a more prosperous and self-sufficient community.
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Impact
July, 2024
St Hope Development Company has a significant impact on the Oak Park community in Sacramento, CA. Through its real estate development projects and focus on job training and employment opportunities, the company has played a crucial role in stimulating growth within inner-city areas. This, in turn, has led to the overall betterment of the community and an improvement in the quality of life for its residents. St Hope Development Company's activities align with their mission of enhancing the community through real estate development and creating more opportunities for job training and employment. Their work emphasizes community improvement as a central theme, making a positive impact on the lives of those in the Oak Park neighborhood.
This information is meant to be a general summary of St Hope Development Company. 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: $514,629
Assets and Liabilities:
- Total Assets: $7,353,806
- Total Liabilities: $8,984,832
- Net Assets: -$1,631,026
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Organization Details
Founding Year
1989
Phone
(916) 451-4673Principal Officer
Cassandra Jennings
Main Address
PO BOX 5447, SACRAMENTO, CA, 95817
Website
www.sthope.orgNTEE Category
Code: S30 - Community improvement
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