Overview
What is Halo Foundation Inc?
Halo Foundation Inc is a charitable organization situated in Tampa, Florida. They have secured a property through county grants for a reduced rental fee, which they lease to a 501c3 non-profit organization that caters to the needs of the developmentally and mentally disabled individuals. The foundation's primary objective is to raise funds and garner public contributions for the betterment of this vulnerable group. They achieve this goal by providing essential services such as housing, education, and therapy through Angels Unaware Inc., a partner organization. The foundation's mission is to enhance the lives of these individuals, promoting their overall well-being and delivering the support they need to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
Halo Foundation Inc has received a low rating of 58%, reflecting its challenges in accountability and finance. While it claims a strong program expense ratio of 95.01%, indicating that most of its funds are directed towards its mission, it also shows significant financial concerns, particularly with a liabilities to assets ratio of 105.32%, which suggests potential financial instability.
The organization has strengths in governance, with a fully independent board and documented meeting minutes. However, it lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions could raise questions about transparency and accountability.
The absence of a publicly available tax form further detracts from its credibility. Overall, while Halo Foundation Inc demonstrates a commitment to its programs, its financial practices and governance policies require significant improvement to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Halo Foundation Inc legitimate?
Halo Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halo 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 Halo Foundation Inc?
Halo Foundation Inc's mission is centered around securing funding and public contributions to enhance the lives of individuals with developmental disabilities. The organization achieves this by providing housing, education, and therapy services through their affiliation with Angels Unaware Inc. By leasing a property to a non-profit organization dedicated to serving the developmentally disabled at a reduced rate, Halo Foundation Inc contributes to the betterment of these individuals' lives. The non-profit, in turn, utilizes the property for offering essential services such as housing, education, and therapy, thereby improving the overall well-being of the developmentally disabled.
Who is the CEO of Halo Foundation Inc?
Robert Albano is the Executive Director of Halo Foundation Inc.
What is the revenue of Halo Foundation Inc?
Halo Foundation Inc's revenue in 2022 was $130.
Who are the executives of Halo Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Halo Foundation Inc?
Halo Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Halo Foundation Inc
Halo Foundation Inc, a dedicated organization, strives to procure funding sources and public contributions with the primary objective of benefiting the developmentally disabled. This is accomplished by providing essential services such as housing, education, and therapeutic care through Angels Unaware Inc, a non-profit 501c3 entity. To further this mission, Halo Foundation Inc has successfully leased a group home, which was obtained through a county grant, to Angels Unaware Inc at a reduced rental rate. This strategic partnership allows Angels Unaware Inc to extend its services to the developmentally disabled community, thereby contributing to their overall well-being and development.
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Impact
October, 2024
Halo Foundation Inc plays a significant role in supporting the developmentally and mentally disabled community. By acquiring a group home through county resources, the organization effectively creates opportunities for individuals requiring specialized care. This facility is leased to Angels Unaware Inc., a dedicated nonprofit that serves the developmentally disabled, at a reduced rental rate, which allows for more funding to be directed towards essential services.
The foundation's efforts are pivotal in addressing the critical need for housing, education, and therapy in this sector. By fostering a collaborative environment with partners like Angels Unaware Inc., the Halo Foundation helps ensure that these vulnerable individuals receive the comprehensive support necessary for their growth and well-being. Through its initiatives, Halo Foundation Inc not only provides immediate assistance but also contributes to the long-term stability and development of the disabled community in Tampa, Florida.
This information is meant to be a general summary of Halo 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: $10
- Gross Receipts: $130
Assets and Liabilities:
- Total Assets: $574,040
- Total Liabilities: $591,833
- Net Assets: -$17,793
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Organization Details
Founding Year
2001
Phone
(813) 961-1159Principal Officer
Robert Albano
Main Address
4918 W LINEBAUGH AVENUE, TAMPA, FL, 33624
NTEE Category
Code: P70 - Human services
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