Overview
What is Promise House Inc?
Promise House Inc, located in Dallas, Texas, is a dedicated nonprofit organization that offers a refuge for homeless, runaway, and abandoned youth. With a mission to empower and support these at-risk teens, they provide crisis intervention, emergency shelter, and long-term housing. Their comprehensive approach includes individualized support, skills development, and encouragement, aiming to help these young individuals build a better future. Their services extend beyond temporary shelter, encompassing case management, counseling services, and a commitment to helping these vulnerable youth regain hope. With 95 dedicated employees, Promise House Inc is committed to providing a safe and nurturing environment for these young individuals in need.
Official website here: www.promisehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Promise House Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations. With a score of 67%, the organization demonstrates solid accountability and finance practices, including a fully independent board of directors and strong policies for conflict of interest and whistleblower protection. However, the organization has room for enhancement in its impact measurement and evaluation processes, which scored lower than desired.
One of the strengths of Promise House Inc is its commitment to transparency, evidenced by its publicly accessible tax forms and well-documented board meeting minutes. The organization achieves a program expense ratio of approximately 68.86%, reflecting a significant portion of its expenses dedicated to program services. This focus on program spending suggests a commitment to fulfilling its mission, which includes providing shelter for those in need.
Despite its strengths, Promise House Inc faces challenges related to its liabilities to assets ratio, which was reported at 76.88%. This high ratio may suggest financial instability, indicating that the organization could benefit from stronger financial management practices. Enhancing its impact evaluation measures will also be crucial for demonstrating the effectiveness of its programs and improving its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Promise House Inc legitimate?
Promise House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise House 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: $430,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,962,155
For more financial information, click here
Official website here: www.promisehouse.org
What is the mission statement of Promise House Inc?
Promise House Inc's mission is centered around assisting homeless, runaway, and at-risk teenagers. The organization provides these youths with individualized support, skills development, encouragement, and hope, enabling them to live better lives. This is achieved through various methods, including crisis intervention, emergency shelter, long-term housing, case management, and counseling services. The emergency youth shelter program serves as a temporary sanctuary for homeless, runaway, and abandoned youths, offering them a safe space during difficult times.
Official website here: www.promisehouse.org
Who is the CEO of Promise House Inc?
Charles M Wolford is the Chief Executive Officer of Promise House Inc. The CEO's salary of Promise House Inc is $170,671 and their total compensation is $182,378.
Official website here: www.promisehouse.org
What is the revenue of Promise House Inc?
Promise House Inc's revenue in 2022 was $4,850,103.
Official website here: www.promisehouse.org
Who are the executives of Promise House Inc and what are their salaries?
The average compensation at Promise House Inc during 2022 was $35,717. There are 95 employees and 66 volunteers at Promise House Inc.
Here are 17 key members and their salaries (Promise House Inc's CEO's salary is $170,671 and their total compensation is $182,378):
- Compensation: $170,671
- Related: $0
- Other: $11,707
- Compensation: $113,819
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- Other: $10,552
- Compensation: $113,492
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- Other: $8,296
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Official website here: www.promisehouse.org
Where can I find the form 990 for Promise House Inc?
Promise House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promisehouse.org
Learn more at the official website: www.promisehouse.org
Mission Statement of Promise House Inc
Promise House Inc is a dedicated organization that extends support to homeless, runaway, and at-risk teenagers. Their mission is to offer these young individuals personalized assistance, skill development, encouragement, and hope, enabling them to lead improved lives. This is achieved through various means, including crisis intervention, emergency shelters, and long-term housing, along with case management and counseling services. By providing these resources, Promise House Inc aims to empower these vulnerable teenagers, helping them overcome their challenges and build a better future.
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Impact
July, 2024
Promise House Inc's impact is profound and tangible. By providing individualized support, skills, encouragement, and hope to homeless, runaway, and at-risk teens in Dallas, Texas, they are giving these vulnerable youth a chance to live a better life. Through crisis intervention, emergency shelter, long-term housing, case management, and counseling services, Promise House is actively working to address the immediate needs of these young individuals and help them build a more stable future. Their emergency youth shelter program offers a temporary sanctuary for those in critical situations, providing a safe space for these teens to receive the assistance and support they need. Ultimately, Promise House is making a meaningful difference in the lives of teens facing homelessness and instability, offering them a path towards stability, empowerment, and hope.
This information is meant to be a general summary of Promise House 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.
- Investment Income: $10,218
- Gross Receipts: $4,850,103
Assets and Liabilities:
- Total Assets: $2,019,995
- Total Liabilities: $1,552,993
- Net Assets: $467,002
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Organization Details
Founding Year
1984
Principal Officer
Charles M Wolford
Main Address
224 WEST PAGE AVENUE, Dallas, TX, 75208
Website
www.promisehouse.orgNTEE Category
Code: L410 - Housing
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