Overview
What is The Ladies Of Hope Ministries Inc?
The Ladies of Hope Ministries Inc., also known as The LOHM, is a not-for-profit organization situated in New York, specifically at 8 WEST 126TH STREET, NY 10027. Their mission is to aid disenfranchised and marginalized formerly incarcerated women in reintegrating into society. To fulfill this objective, they run a program called The Hope House, which provides independent living spaces designed to offer a holistic environment of support services, guidance, and safe housing for these women who have experienced trauma. The Hope House program aims to promote their well-being and empowerment as they transition back into society. With a dedicated workforce of 25 individuals, The Ladies of Hope Ministries Inc. strives to make a positive impact in the lives of those they serve.
Official website here: www.thelohm.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 78%, Three-Star out of Four Star rating.
The Ladies Of Hope Ministries Inc has received a Three-Star rating, indicating a solid performance in accountability and financial management. The organization boasts a perfect score in several areas, including an independent board and effective oversight measures, reflecting strong governance practices. The high percentage of independent board members ensures that the organization operates without internal conflicts of interest, enhancing transparency for stakeholders.
However, while the program expense ratio is commendable at 67.38%, the overall financial health shows areas for improvement, particularly in its liabilities to assets ratio of 62.22%. Additionally, the fundraising efficiency is low, with a reported cost of $0.02 for each dollar raised. This suggests that the organization may need to revisit its fundraising strategies to enhance sustainability and better support its mission.
Overall, The Ladies Of Hope Ministries Inc demonstrates a commitment to accountability and effective governance, which are strengths worth noting. However, addressing financial performance and fundraising efficiency will be crucial for the organization to improve its overall impact and ensure long-term viability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Ladies Of Hope Ministries Inc?
100% of reviewers on Facebook recommend The Ladies Of Hope Ministries Inc. Here is a summary of their reviews:
The sentiments expressed highlight strong admiration for the organization's impactful work. Reviewers describe the women involved as inspirational figures who make a significant contribution to the community, praising their dedication to empowering individuals across diverse backgrounds. Many suggest that the programs and support provided have a profound effect on helping participants reach their potential.
Overall, it is clear that the nonprofit resonates deeply with those it serves, leaving a positive impression and fostering a sense of gratitude and inspiration among its supporters. The work being done is recognized as transformative, and many express appreciation for the ongoing efforts made by the organization.
This AI summary has been generated from reviews found on Facebook.
Is The Ladies Of Hope Ministries Inc legitimate?
The Ladies Of Hope Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ladies Of Hope Ministries 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: $414,599
Professional Fundraising Fees: $0
Other Salaries and Wages: $983,092
For more financial information, click here
Official website here: www.thelohm.org
What is the mission statement of The Ladies Of Hope Ministries Inc?
The Ladies of Hope Ministries Inc., as a not-for-profit organization, is committed to assisting disenfranchised and marginalized women who have previously served time in prison, facilitating their transition back into society. Their mission is to provide these women with a holistic environment that encompasses support services, guidance, and safe housing, aiming to help them overcome the traumas they have experienced. The Ladies of Hope Ministries, often referred to as LOHM, offers the Hope House Program, which offers independent living spaces designed to support these women in their journey towards reintegration.
Official website here: www.thelohm.org
Who is the CEO of The Ladies Of Hope Ministries Inc?
Topeka K Sam is the Executive Di of The Ladies Of Hope Ministries Inc.
Official website here: www.thelohm.org
What is the revenue of The Ladies Of Hope Ministries Inc?
The Ladies Of Hope Ministries Inc's revenue in 2022 was $4,940,910.
Official website here: www.thelohm.org
Who are the executives of The Ladies Of Hope Ministries Inc and what are their salaries?
The average compensation at The Ladies Of Hope Ministries Inc during 2022 was $55,908. There are 25 employees at The Ladies Of Hope Ministries Inc.
Here are 7 key members and their salaries:
- Compensation: $278,560
- Related: $0
- Other: $10,416
- 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
- Compensation: $136,038
- Related: $0
- Other: $19,115
Official website here: www.thelohm.org
Where can I find the form 990 for The Ladies Of Hope Ministries Inc?
The Ladies Of Hope Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelohm.org
Learn more at the official website: www.thelohm.org
Mission Statement of The Ladies Of Hope Ministries Inc
The Ladies of Hope Ministries, a not-for-profit organization, is dedicated to assisting disenfranchised and marginalized formerly incarcerated women as they reintegrate into society. Their mission is twofold: to provide a holistic environment of support services, guidance, and safe housing. This is accomplished through their Hope House program, which offers independent living spaces designed to cater to the unique needs of women who have been impacted by trauma. By doing so, Ladies of Hope Ministries aims to empower these women and help them navigate their way back into society with confidence and resilience.
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Impact
July, 2024
The Ladies Of Hope Ministries Inc's impact is significant in helping disenfranchised and marginalized formerly incarcerated women transition back into society. Through their Hope House program, they provide independent living space designed to offer a holistic environment of support services, guidance, and safe housing for women impacted by trauma. This organization, based in New York, plays a crucial role in improving communities by empowering women who have faced challenges and barriers after incarceration.
This information is meant to be a general summary of The Ladies Of Hope Ministries 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: $419
- Program Service Revenue: $7,103
- Gross Receipts: $4,940,910
Assets and Liabilities:
- Total Assets: $1,490,294
- Total Liabilities: $927,378
- Net Assets: $562,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$7,103
Organization Details
Founding Year
2017
Phone
(646) 820-0011Principal Officer
Topeka K Sam
Main Address
8 WEST 126TH STREET, NEW YORK, NY, 10027
Website
www.thelohm.orgNTEE Category
Code: S81 - Community improvement
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