Overview
What is Haven Of Hope Inc?
Haven of Hope Inc is a nonprofit organization situated in Artesia, New Mexico, with a mission to empower single mothers towards financial independence. Established in January 2022, the organization offers housing, life skills enhancement, financial literacy education, and mental health support to eligible families. Throughout the year, four families have benefited from the program, contributing valuable insights on tailoring services to individual needs. Haven of Hope specializes in assisting high-functioning women who face financial challenges due to underemployment, lack of education, or awareness of opportunities. The organization aims to provide a meaningful and productive life for single mothers and their children, filled with dignity and hope, through housing, mentoring, financial planning, and community resource access.
Official website here: www.havenofhopenm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Haven Of Hope Inc has achieved a high level of recognition with a 100% score, earning it a prestigious Four-Star rating from Charity Navigator. This rating reflects a strong emphasis on accountability and finance, which is essential for potential donors seeking transparency and effective use of contributions. The organization excels with a fully independent board and robust financial oversight practices, which contribute to its solid reputation.
The organization scores exceptionally well across various accountability metrics, including having a majority of independent board members and no material diversion of assets. It maintains comprehensive financial statements and adheres to strict governance policies, further enhancing donor trust. With a program expense ratio of 71.03%, Haven Of Hope Inc demonstrates a strong commitment to directing funds towards its mission.
While the data does not highlight specific programmatic outcomes or impact metrics, the financial health and governance practices of Haven Of Hope Inc suggest it is well-managed and poised to effectively serve its community. Overall, this organization stands out as a reliable option for those looking to support a nonprofit with solid financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Haven Of Hope Inc legitimate?
Haven Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven 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: $81,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,451
For more financial information, click here
Official website here: www.havenofhopenm.com
What is the mission statement of Haven Of Hope Inc?
Haven of Hope Inc's mission is geared towards empowering single mothers and their children, providing them with a meaningful and productive life filled with dignity and hope. This is achieved through offering housing, mentoring, financial planning, and access to community resources. The organization strives to help high-functioning women who are hindered from financial independence due to underemployment, undereducation, or lack of opportunity. The selected mothers must demonstrate a high degree of motivation for lasting change, be employed or attending school, have their own transportation, have custody of at least one child, be at least 18 years old, not have a current dependence on illegal drugs or alcohol, have a clear criminal history, and not be currently embroiled in a domestic violence-affected relationship. In 2022, the first cohort of families moved into the Family Care Cottage, starting their journey towards financial independence through financial literacy education, life skills enhancement, and mental health support when needed. The organization also launched a community awareness campaign to better inform potential clients and supporters about the specific demographic it serves.
Official website here: www.havenofhopenm.com
Who is the CEO of Haven Of Hope Inc?
Laura Netherlin is the President of Haven Of Hope Inc.
Official website here: www.havenofhopenm.com
What is the revenue of Haven Of Hope Inc?
Haven Of Hope Inc's revenue in 2022 was $550,635.
Official website here: www.havenofhopenm.com
Who are the executives of Haven Of Hope Inc and what are their salaries?
The average compensation at Haven Of Hope Inc during 2022 was $44,372. There are 3 employees and 10 volunteers at Haven Of Hope Inc.
Here are 6 key members and their salaries:
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- Compensation: $81,665
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Official website here: www.havenofhopenm.com
Where can I find the form 990 for Haven Of Hope Inc?
Haven Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.havenofhopenm.com
Learn more at the official website: www.havenofhopenm.com
Mission Statement of Haven Of Hope Inc
Haven of Hope Inc is a nonprofit organization dedicated to providing single mothers and their children with a meaningful and productive life filled with dignity and hope. By offering housing, mentoring, financial planning, and access to community resources, Haven of Hope aims to empower these families to build a future filled with financial independence. In 2022, the organization welcomed its first client families into the Family Care Cottage, where they began their journey towards self-sufficiency through financial literacy education, life skills enhancement, and mental health support when needed. The experiences of these initial families have been instrumental in shaping and customizing Haven of Hope's program services to cater to individual needs.
Haven of Hope specializes in assisting high-functioning women who are hindered from financial independence due to underemployment, undereducation, or lack of awareness of opportunities. The organization seeks potential clients who exhibit a high degree of motivation for lasting change, are employed, attending school, or both, have their own transportation, have custody of at least one child, are at least 18 years of age, do not have a current dependence on illegal drugs or alcohol, have a clear criminal history, and are not currently embroiled in a domestic violence-affected relationship. Through its comprehensive approach, Haven of Hope provides a safe and supportive environment where single mothers can overcome challenges and build a hopeful future for themselves and their children.
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Impact
July, 2024
Haven Of Hope Inc's impact is evident in the lives of single mothers and their children who have benefited from the organization's services. By providing housing, mentoring, financial planning, and access to community resources, Haven Of Hope empowers these families to build hope for the future. The program has successfully supported four families in 2022, facilitating meaningful connections with program staff, community volunteers, and service providers. Additionally, the organization's focus on assisting high-functioning women who face obstacles to financial independence showcases its commitment to empowering individuals to achieve lasting change. Through its tailored approach and community awareness efforts, Haven Of Hope is making a tangible difference in the lives of single mothers and their children, helping them move towards a more dignified and hopeful future.
This information is meant to be a general summary of Haven 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: $1,550
- Gross Receipts: $550,635
Assets and Liabilities:
- Total Assets: $4,568,706
- Total Liabilities: $4,385
- Net Assets: $4,564,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,550
Organization Details
Founding Year
2020
Phone
(575) 231-7334Principal Officer
Laura Netherlin
Main Address
2100 W RICHEY AVE, ARTESIA, NM, 88210
Website
www.havenofhopenm.comNTEE Category
Code: L40 - Housing
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