Overview
What is Hope Harbor Qalicb?
Hope Harbor Qalicb, based in Houston, Texas, is a nonprofit organization that partners with the Men's Center, Inc. The primary mission of Hope Harbor is to facilitate a specific transaction, known as the Fred & Susan Dailey Building New Market Tax Credits, for the sole benefit of the Men's Center, Inc. This partnership enables Hope Harbor to offer financial and operational support to this organization. The Men's Center, Inc. presumably focuses on providing resources and services to a particular demographic, although the information provided does not specify the nature of their activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (69%)
Hope Harbor Qalicb has received a Two-Star out of Four Star rating from Charity Navigator, indicating an overall score of 69%, primarily derived from its Accountability & Finance metrics. This score reflects various aspects of financial transparency and governance, which are crucial for donor confidence. While the charity performs well in some areas, such as maintaining a majority of independent board members and having a conflict of interest policy, there are notable weaknesses that have impacted its overall rating.
The organization demonstrates strengths in governance practices, evidenced by a high score for its independent board member composition and policies regarding whistleblowing and document retention. Additionally, it has reported no material diversion of assets, which speaks to its integrity in financial management. However, the absence of essential documentation on its website, specifically the tax form and minutes from board meetings, has negatively influenced its score.
Limitations are further highlighted by its Financial metrics, particularly the liabilities to assets ratio, which is relatively high at 83.45%, suggesting potential financial risks. Moreover, while Hope Harbor Qalicb allocates a substantial portion of its expenses to programming (85.41%), improvements in overall financial transparency and documentation could enhance its standing with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Harbor Qalicb legitimate?
Hope Harbor Qalicb is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Harbor Qalicb 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: $0
For more financial information, click here
What is the mission statement of Hope Harbor Qalicb?
Hope Harbor Qalicb's mission is centered around providing financial and operational support, specifically for the Men's Center, Inc. Established to facilitate the Fred & Susan Dailey Building New Market Tax Credits transaction, Hope Harbor's primary objective is to benefit the Men's Center, Inc. solely, without any personal or location-specific affiliations mentioned in the given data.
Who is the CEO of Hope Harbor Qalicb?
Steven Brinkman is the Chair of Hope Harbor Qalicb. The CEO's salary of Hope Harbor Qalicb is $0 and their total compensation is $120,960.
What is the revenue of Hope Harbor Qalicb?
Hope Harbor Qalicb's revenue in 2022 was $445,559.
Who are the executives of Hope Harbor Qalicb and what are their salaries?
There 2 volunteers at Hope Harbor Qalicb.
Here are 3 key members and their salaries (Hope Harbor Qalicb's CEO's salary is $0 and their total compensation is $120,960):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $120,960
- Other: $0
Where can I find the form 990 for Hope Harbor Qalicb?
Hope Harbor Qalicb's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Harbor Qalicb
Hope Harbor Qalicb is a nonprofit organization established to support another charity, specifically the Men's Center, Inc. The mission of Hope Harbor Qalicb centers around facilitating the Fred & Susan Dailey Building New Market Tax Credits transaction, a financial arrangement that solely benefits the Men's Center, Inc. In essence, Hope Harbor Qalicb serves as a conduit, working towards the success of the Men's Center, Inc. by managing this transaction, thereby contributing to its operational and financial well-being.
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Impact
June, 2024
Hope Harbor Qalicb's impact can be seen in the financial and operational support it provides to the Men's Center, Incorporated in Houston, TX. Through the Fred & Susan Dailey Building New Market Tax Credits transaction, Hope Harbor facilitates funds that directly benefit the Men's Center's mission. This support helps improve mental health services and resources for individuals in need, making a positive impact on the community.
This information is meant to be a general summary of Hope Harbor Qalicb. 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: $169,333
- Gross Receipts: $445,559
Assets and Liabilities:
- Total Assets: $17,806,075
- Total Liabilities: $14,860,498
- Net Assets: $2,945,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Housing program fees
Revenue
$169,333
Organization Details
Founding Year
2017
Phone
(713) 524-3682Principal Officer
Steven Brinkman
Main Address
3816 Fannin Street, Houston, TX, 77004
NTEE Category
Code: F11 - Mental health
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