Overview
What is Hope-Net?
Hope-Net is a nonprofit organization situated in Los Angeles, California, specifically at 760 S Westmoreland Avenue, 90005. Established with the aim of addressing the food, clothing, and shelter needs of poverty-stricken families in the community, Hope-Net not only distributes essential items but also takes a proactive approach by developing, owning, and managing a 17-unit apartment complex. This housing project is designed for families with low household income, aiming to provide them with a stable living environment. With a dedicated workforce of one individual, Hope-Net is committed to uplifting the lives of those in need.
Is Hope-Net legitimate?
Hope-Net is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope-Net 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: $61,442
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Hope-Net?
Hope-Net, as an organization, was established with a mission to alleviate the challenges of hunger and homelessness within the community's poverty-stricken families. This is achieved through the distribution of essentials such as food and clothing, as well as providing shelter. Beyond this, Hope-Net also takes an active role in addressing housing needs by developing, owning, and managing a 17-unit apartment complex, providing affordable housing options for families with low household incomes. In essence, the organization's mission is to provide support and resources to those in need, addressing their basic needs and striving to improve their living conditions.
What is the revenue of Hope-Net?
Hope-Net's revenue in 2023 was $465,680.
Who are the executives of Hope-Net and what are their salaries?
The average compensation at Hope-Net during 2023 was $61,442. There is 1 employee at Hope-Net.
Here are 8 key members and their salaries:
- Compensation: $61,442
- Related: $0
- Other: $0
- Compensation: $0
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- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hope-Net?
Hope-Net's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hope-Net
Hope-Net, a nonprofit organization, was established with a mission to address the pressing issues of hunger and homelessness within its community's poverty-stricken families. Recognizing the urgent need for assistance, Hope-Net embarks on a mission to distribute essentials such as food and clothing, as well as providing temporary shelter. Beyond these immediate necessities, Hope-Net also endeavors to contribute to the long-term solution by developing, owning, and operating a 17-unit apartment complex, specifically designed for families with low household income. This housing project serves as a vital resource, offering a stable living environment for those in need.
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Impact
October, 2024
Hope-Net significantly impacts the community by addressing the critical issues of hunger and homelessness among low-income families. By distributing food and clothing, it directly alleviates the immediate needs of those struggling to meet their basic needs. Moreover, the organization operates a 17-unit apartment complex in Los Angeles, providing stable housing for families with low household incomes. This combination of assistance not only helps to ensure families have access to essential resources but also offers them a sense of security and a pathway towards self-sufficiency. Overall, Hope-Net fosters a supportive environment that empowers individuals and families to overcome poverty and build a better future.
This information is meant to be a general summary of Hope-Net. 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 2023.
- Investment Income: $47,094
- Program Service Revenue: $251,282
- Gross Receipts: $471,350
Assets and Liabilities:
- Total Assets: $1,783,948
- Total Liabilities: $3,680,132
- Net Assets: -$1,896,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW - INCOME HOUSING DEV
Revenue
$251,282
Organization Details
Founding Year
1993
Principal Officer
Roya Milder
NTEE Category
Code: K31Z - Food
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