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Homeowner's Rehab Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042519279 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

Overview

What is Homeowner's Rehab Inc?

Homeowner's Rehab Inc, based in Cambridge, Massachusetts, is a nonprofit organization dedicated to improving and making available affordable housing for low-income individuals and families. With a mission to stimulate the renovation and improvement of properties, the organization acquires, rehabilitates, constructs, develops, owns, leases, or manages housing units in Massachusetts. Homeowner's Rehab Inc extends a helping hand to low-income homeowners through low-interest loans for home improvements. By promoting neighborhood enhancements, they aim to benefit individuals of all races, religions, and nationalities. The organization currently employs a team of 15 individuals in its mission to make a difference in the community.


Official website here: www.homeownersrehab.org

Is Homeowner's Rehab Inc legitimate?

Homeowner's Rehab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeowner's Rehab 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.

Here are some key statistics you may want to consider:

Executive Compensation: $306,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,294,479

For more financial information, click here


Official website here: www.homeownersrehab.org

What is the mission statement of Homeowner's Rehab Inc?

Homeowner's Rehab Inc is a non-profit organization dedicated to assisting individuals and families with low income by providing them with affordable housing solutions. Through acquiring, rehabilitating, and constructing new homes, the organization makes housing available at the lowest possible cost. Their mission extends beyond just providing housing, as they strive to promote neighborhood improvements for the benefit of people of limited means. By offering low-interest loans for home improvements, Homeowner's Rehab Inc plays a pivotal role in stimulating the renovation and enhancement of properties across various communities.


Official website here: www.homeownersrehab.org

Who is the CEO of Homeowner's Rehab Inc?

Sara Barcan is the Treasurer of Homeowner's Rehab Inc.


Official website here: www.homeownersrehab.org

What is the revenue of Homeowner's Rehab Inc?

Homeowner's Rehab Inc's revenue in 2022 was $13,581,541.


Official website here: www.homeownersrehab.org

Who are the executives of Homeowner's Rehab Inc and what are their salaries?

The average compensation at Homeowner's Rehab Inc during 2022 was $106,725. There are 15 employees at Homeowner's Rehab Inc.

Here are 17 key members and their salaries:

    Peter Daly (Special Assistant To Ed)
  • Compensation: $245,984
  • Related: $0
  • Other: $20,183

    • Jane Carbone (Director Of Development)
  • Compensation: $185,329
  • Related: $0
  • Other: $20,183

    • William Monson (Project Manager)
  • Compensation: $111,699
  • Related: $0
  • Other: $23,435

    • Sara Barcan (Executive Director)
  • Compensation: $60,411
  • Related: $0
  • Other: $8,481

    • George Beal (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louise Elving (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Hixson (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Walsh Farrell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aviva Rothman-Shore (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Fox (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonia Verma (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Meehan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Soto (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Salomon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Golnaz Tabatabai (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Scoville (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vincent O'Donnell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homeownersrehab.org

    Where can I find the form 990 for Homeowner's Rehab Inc?

    The Homeowner's Rehab Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.homeownersrehab.org

    Learn more at the official website: www.homeownersrehab.org

    Mission Statement of Homeowner's Rehab Inc

    Homeowner's Rehab Inc, a mission-driven organization, strives to provide affordable housing solutions to low-income individuals and families in Massachusetts. With the goal of making the dream of owning a decent home a reality, this nonprofit makes low-interest loans available for home improvements and new constructions. Their objective is to revitalize existing housing stock and spur neighborhood improvements, ultimately benefiting individuals of limited means, regardless of race, religion, or nationality.

    Homeowner's Rehab Inc's commitment goes beyond just offering financial assistance. They aim to stimulate the renovation and improvement of properties, which in turn contributes to enhancing the living conditions of those who call these neighborhoods home. By promoting neighborhood improvements, Homeowner's Rehab Inc plays a vital role in fostering vibrant, sustainable communities where everyone can thrive.

    In summary, Homeowner's Rehab Inc is a dedicated nonprofit that provides low-interest loans and spearheads improvements for low-income homeowners, making a meaningful difference in their lives while also contributing to the betterment of their communities.

    Impact

    This information is meant to be a general summary of Homeowner's Rehab Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, April 14, 2024

    Homeowner's Rehab Inc makes a significant impact by providing low-interest loans to low-income homeowners for improvements, developing low-income housing, and rehabilitating old housing stock in Cambridge, Massachusetts. Additionally, they engage in activities such as acquiring, renovating, constructing, owning, leasing, or managing low-income or mixed-income family housing in the area. Their mission is to acquire, improve, and make available housing at the lowest possible cost to individuals and families with low income, regardless of their race, religion, or nationality. This helps stimulate property renovation, promote neighborhood improvements, and benefit individuals with limited means in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,591,999
  • Program Service Revenue: $10,792,473
  • Gross Receipts: $13,581,541

    • Assets and Liabilities:
  • Total Assets: $137,772,671
  • Total Liabilities: $72,897,459
  • Net Assets: $64,875,212
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MGMT & DEV FEES

    Revenue

    $7,625,896

    RENTAL INCOME

    Revenue

    $3,166,577

    Organization Details

    Founding Year

    1972

    Principal Officer

    Sara Barcan

    Main Address

    280 FRANKLIN STREET, CAMBRIDGE, MA, 02139

    NTEE Category

    Code: L80Z - Housing