Overview
What is Hellinghausen Hope Inc?
Hellinghausen Hope Inc, situated in Midland, Texas, is a nonprofit organization committed to expanding affordable housing opportunities for the residents of Midland County. Established under the Texas Non-Profit Corporation Act, the organization serves as a tool for the Midland County Housing Authority, aiming to foster decent and affordable living spaces for eligible individuals within the county. With a dedicated workforce of five employees, Hellinghausen Hope Inc provides approximately 672 unit months of affordable housing, contributing to the community's overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Hellinghausen Hope Inc has achieved a high rating of 90% from Charity Navigator, signifying strong performance in accountability and financial health. The organization boasts a perfect score for having a fully independent board, indicating robust governance practices. Additionally, it maintains exemplary transparency with audited financial statements and a solid structure for managing conflicts of interest.
The organization allocates 90.82% of its expenses directly to its programs, demonstrating a strong commitment to its mission and effective use of resources. The low liabilities to assets ratio of 4.17% further reflects its financial stability, suggesting that Hellinghausen Hope Inc is well-positioned to continue its work without jeopardizing its operational integrity.
Overall, Hellinghausen Hope Inc's strong governance and financial management practices contribute to its positive rating. No significant limitations were noted in the data, indicating a well-run nonprofit that is likely to instill confidence in its donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hellinghausen Hope Inc legitimate?
Hellinghausen Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hellinghausen Hope 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hellinghausen Hope Inc?
Hellinghausen Hope Inc, established as an instrumentality of the Midland County Housing Authority, serves the purpose of promoting and developing decent and affordable housing within Midland County for eligible individuals. Its mission, in essence, is to contribute to enhancing housing opportunities for the local community, adhering to the provisions of the Texas Non-Profit Corp. Act. The organization provides a significant number of affordable housing unit months to residents of Midland County, thereby contributing to the overall housing landscape in the area.
Who is the CEO of Hellinghausen Hope Inc?
Unavailable
What is the revenue of Hellinghausen Hope Inc?
Hellinghausen Hope Inc's revenue in 2022 was $616,515.
Who are the executives of Hellinghausen Hope Inc and what are their salaries?
The average compensation at Hellinghausen Hope Inc during 2022 was $3,000. There are 5 employees at Hellinghausen Hope Inc.
Here are 6 key members and their salaries:
- Compensation: $18,500
- Related: $62,855
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hellinghausen Hope Inc?
Hellinghausen Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hellinghausen Hope Inc
Hellinghausen Hope Inc, established as an instrumentality of the Midland County Housing Authority, is dedicated to promoting and developing decent and affordable housing within Midland County. This non-profit organization's mission is to serve individuals who are deemed suitable to benefit from such housing services. The primary focus of Hellinghausen Hope Inc is to provide affordable housing solutions, offering 672 unit months to residents of Midland County. By fulfilling this mission, the organization aims to contribute positively to the community, ensuring that housing remains a fundamental right for all.
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Impact
July, 2024
Hellinghausen Hope Inc's impact lies in providing 672 unit months of affordable housing for residents of Midland County, Texas. Their mission as an instrumentality of the Midland County Housing Authority is to promote and develop decent and affordable housing within the county. Through their work, they contribute to addressing the housing needs of individuals in the community, ensuring that they have access to safe and affordable housing options.
This information is meant to be a general summary of Hellinghausen Hope 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: $1,559
- Program Service Revenue: $350,484
- Gross Receipts: $616,515
Assets and Liabilities:
- Total Assets: $3,702,278
- Total Liabilities: $154,743
- Net Assets: $3,547,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rents
Revenue
$350,484
Organization Details
Founding Year
2001
Phone
(432) 570-4155Main Address
1710 N EDWARDS, MIDLAND, TX, 79701
NTEE Category
Code: L21 - Housing
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