Overview
What is My Hope Foundation Inc?
My Hope Foundation Inc, situated in Las Vegas, Nevada, is a nonprofit organization committed to two primary objectives. Firstly, they aim to provide affordable housing for individuals in need, both domestically and internationally. Secondly, they extend their humanitarian efforts to offer relief to individuals facing various challenges, beyond just housing. The foundation has demonstrated its compassion by aiding seven individuals and families with medical expenses and other humanitarian needs. Their mission is multifaceted, seeking to alleviate the hardships of underprivileged individuals worldwide.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
My Hope Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score derived solely from the Accountability & Finance beacon, the organization demonstrates a robust financial performance and responsible management of its resources.
The foundation excels in several key areas, including having a fully independent board, with 100% of its members meeting this criterion. It also showcases a strong governance structure, evidenced by the absence of material diversion of assets and comprehensive policies regarding conflicts of interest, whistleblowing, and document retention. Financially, the organization allocates an impressive 98.53% of its expenses directly to programs, indicating a focus on fulfilling its mission rather than administrative costs.
While the rating highlights many strengths, it is essential for potential donors and supporters to consider the dynamic nature of nonprofit organizations. Continuous monitoring of their governance practices and financial strategies will help ensure that My Hope Foundation Inc maintains its high standards and serves its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is My Hope Foundation Inc legitimate?
My Hope Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. My Hope Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of My Hope Foundation Inc?
My Hope Foundation Inc's mission is centered around providing affordable housing and humanitarian aid to individuals in need, both domestically and internationally. The organization strives to make housing accessible for those in need and offers humanitarian relief to individuals across the globe. In the past, My Hope Foundation has assisted seven individuals and families with medical expenses and other humanitarian needs.
Who is the CEO of My Hope Foundation Inc?
Avimael Arevalo is the President of My Hope Foundation Inc.
What is the revenue of My Hope Foundation Inc?
My Hope Foundation Inc's revenue in 2022 was $41,663.
Who are the executives of My Hope Foundation Inc and what are their salaries?
There 4 volunteers at My Hope Foundation Inc.
Here are 4 key members and their salaries:
- 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 My Hope Foundation Inc?
My Hope Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of My Hope Foundation Inc
My Hope Foundation Inc is a dedicated organization that aims to fulfill two essential needs: providing affordable housing for individuals in distress and offering humanitarian aid both domestically and internationally. The mission of this nonprofit is to alleviate the housing burden for those in need and extend a helping hand to individuals requiring humanitarian relief on a global scale. My Hope Foundation Inc has demonstrated its commitment to this cause by assisting seven individuals and families with medical expenses and various humanitarian relief efforts. By offering affordable housing and humanitarian aid, My Hope Foundation Inc plays a vital role in improving the lives of those less fortunate, ensuring they have a roof over their heads and the necessary support during challenging times.
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Impact
August, 2024
My Hope Foundation Inc's impact can be seen in the tangible assistance it provides to individuals and families in need of affordable housing and humanitarian relief. In the past year, My Hope Foundation was able to support 7 individuals and families with medical costs and other forms of humanitarian aid. This direct assistance has made a significant difference in improving the quality of life for those facing challenges both domestically and internationally. Through its mission-driven work, My Hope Foundation is playing a crucial role in addressing crucial needs and delivering hope to those who need it the most.
This information is meant to be a general summary of My Hope Foundation 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: $48,329
- Gross Receipts: $300,000
Assets and Liabilities:
- Total Assets: $1,897,462
- Total Liabilities: $0
- Net Assets: $1,897,462
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Organization Details
Founding Year
2018
Phone
(305) 336-9678Principal Officer
Avimael Arevalo
Main Address
3225 MCLEOD DR 100, LAS VEGAS, NV, 89121
NTEE Category
Code: L40 - Housing
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