Overview
What is Spirit Of Hope Inc?
Spirit of Hope Inc is a nonprofit organization situated in Carson City, Nevada, specifically at 411 N Division St. Their primary mission is to provide stable, drug-free housing to low-income homeless individuals residing within the area. They accomplish this by renting homes and then leasing rooms to people who cannot afford or manage living independently. Adhering to the 'Housing First' model as a solution to homelessness, Spirit of Hope connects individuals experiencing homelessness to permanent housing. This approach grants residents the stability necessary to tackle underlying issues that may have contributed to their homelessness, such as trauma, employment, health, substance abuse, criminal records, and more. Each individual goes through an intake process to qualify for services, where a tailored care plan is established.
Official website here: www.spiritofhopeincnv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Spirit Of Hope Inc demonstrates a solid performance with an overall score of 82%, which reflects its strong commitment to accountability and finance. The charity has excelled in governance, boasting 80% independent board members and maintaining a comprehensive set of policies that ensure transparency and ethical management practices. It has effectively documented its board meetings and adheres to conflict of interest policies, which further enhance its operational integrity.
However, the organization has a notable weakness in its financial ratios, specifically the liabilities to assets ratio, which scored 0 out of 15 points. This may raise concerns regarding its financial stability or reliance on debt. Despite this, the program expense ratio of 78.01% is commendable, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs.
Overall, the strengths of Spirit Of Hope Inc in governance and program spending are evident, yet the financial health indicated by the liabilities ratio warrants attention. Prospective donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Spirit Of Hope Inc legitimate?
Spirit Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spirit Of 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: $90,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.spiritofhopeincnv.org
What is the mission statement of Spirit Of Hope Inc?
Spirit of Hope Inc. adheres to the 'Housing First' model as a solution to homelessness. Their primary objective is to connect individuals experiencing homelessness to permanent housing. Through this approach, residents gain enough stability to address underlying issues that may have contributed to their homelessness, such as trauma, employment, health, substance abuse, criminal record, and more. Each person undergoes an intake process to qualify for services, and a level of care is determined based on their needs.
Official website here: www.spiritofhopeincnv.org
Who is the CEO of Spirit Of Hope Inc?
Ellen Jackson is the Board Member of Spirit Of Hope Inc.
Official website here: www.spiritofhopeincnv.org
What is the revenue of Spirit Of Hope Inc?
Spirit Of Hope Inc's revenue in 2022 was $462,174.
Official website here: www.spiritofhopeincnv.org
Who are the executives of Spirit Of Hope Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $35,016
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.spiritofhopeincnv.org
Where can I find the form 990 for Spirit Of Hope Inc?
Spirit Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spiritofhopeincnv.org
Learn more at the official website: www.spiritofhopeincnv.org
Mission Statement of Spirit Of Hope Inc
Spirit of Hope Inc, a nonprofit organization, approaches homelessness with a unique solution through the 'Housing First' model. Their mission is to connect individuals experiencing homelessness to permanent housing. This strategic approach allows residents to gain enough stability to tackle various challenges that may have contributed to their homelessness, such as trauma, employment issues, health concerns, substance abuse, criminal records, and more. Each person undergoes an intake process to determine the level of care required, ensuring personalized and comprehensive support. By focusing on housing as a foundation, Spirit of Hope Inc enables individuals to address the underlying issues that led to their homelessness, ultimately empowering them to rebuild their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Spirit Of Hope Inc, through its 'Housing First' model, has a significant impact on addressing homelessness in Carson City, NV. By providing safe, sober, and drug-free housing to low-income homeless individuals, Spirit Of Hope offers a crucial lifeline to those in need. This approach not only addresses the immediate need for shelter but also helps residents stabilize their lives and work towards addressing underlying issues such as trauma, employment, health, substance abuse, and criminal records. Through its efforts, Spirit Of Hope is helping individuals break the cycle of homelessness and move towards a more stable and sustainable future.
This information is meant to be a general summary of Spirit Of 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.
- Program Service Revenue: $441,704
- Gross Receipts: $462,174
Assets and Liabilities:
- Total Assets: $46,388
- Total Liabilities: $66,612
- Net Assets: -$20,224
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING RENTS
Revenue
$441,704
Organization Details
Founding Year
2010
Phone
(775) 461-3331Principal Officer
Ellen Jackson
Main Address
411 N DIVISION ST, CARSON CITY, NV, 89703
Website
www.spiritofhopeincnv.orgNTEE Category
Code: P99 - Human services
If you are a representative of Spirit Of Hope Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.