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New Haven Homeownership Center Inc

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

EIN: 061613212 ✦ New haven, CT ✦ Designated as a 501(c)(3)

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Overview

What is New Haven Homeownership Center Inc?

New Haven Homeownership Center Inc, located at 333 Sherman Avenue, New Haven, Connecticut, is a dedicated nonprofit organization. Their primary mission is to offer lending services and comprehensive homeownership education to residents of New Haven or prospective home buyers within the city. By providing these vital resources, they aim to empower local individuals to become homeowners, fostering a sense of community and stability.


Official website here: www.nhsofnewhaven.org

Is New Haven Homeownership Center Inc legitimate?

New Haven Homeownership Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Haven Homeownership Center 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: $428,986

For more financial information, click here


Official website here: www.nhsofnewhaven.org

What is the mission statement of New Haven Homeownership Center Inc?

The New Haven Homeownership Center Inc is committed to offering lending services and related home ownership education to both residents and prospective home buyers within their community. Their primary goal is to empower individuals seeking to become homeowners, providing them with the necessary tools and knowledge to make informed decisions. The center aims to foster financial stability and independence through its educational programs, ultimately contributing to a stronger and more secure community. By offering these services, the New Haven Homeownership Center Inc plays a vital role in promoting homeownership and financial literacy within its community.


Official website here: www.nhsofnewhaven.org

Who is the CEO of New Haven Homeownership Center Inc?

Dr James Paley is the Board Member of New Haven Homeownership Center Inc.


Official website here: www.nhsofnewhaven.org

What is the revenue of New Haven Homeownership Center Inc?

New Haven Homeownership Center Inc's revenue in 2022 was $437,373.


Official website here: www.nhsofnewhaven.org

Who are the executives of New Haven Homeownership Center Inc and what are their salaries?


Here are 11 key members and their salaries:


Glenn Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Fawcett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Velma George (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monika Mittelholzer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr James Paley (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacquelyn Pheanious (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Phillips (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Heller (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Mcqueen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Radcliffe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Stevenson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nhsofnewhaven.org

Where can I find the form 990 for New Haven Homeownership Center Inc?

New Haven Homeownership Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nhsofnewhaven.org

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

Mission Statement of New Haven Homeownership Center Inc

New Haven Homeownership Center Inc, as depicted in the provided information, is committed to providing lending services and related home ownership education to residents of New Haven or prospective home buyers within the city. The organization's mission is twofold: firstly, it aims to extend lending services to individuals who are either current residents or aspiring homeowners in New Haven. Secondly, it offers home ownership education to help these individuals make informed decisions and navigate the home buying process effectively. By providing these services, New Haven Homeownership Center Inc seeks to empower its community members, enabling them to secure homeownership and establish solid roots in their city.

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Impact




October, 2024

New Haven Homeownership Center Inc has a significant impact on the community by providing essential lending services and homeownership education to residents and prospective home buyers in New Haven. By focusing on financial literacy and accessible housing resources, the center empowers individuals and families to navigate the complexities of homebuying, ultimately fostering greater stability and investment in the local community. Their efforts not only enhance the skills and confidence of potential homeowners but also contribute to the economic vitality of New Haven, helping to create a more informed and engaged citizenry. Through these initiatives, the center plays a crucial role in promoting affordable housing opportunities and supporting the overall growth and well-being of the city.




This information is meant to be a general summary of New Haven Homeownership Center 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.

Revenue
$437,373 (2022)
Expenses
$744,404 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $265
  • Program Service Revenue: $256,869
  • Gross Receipts: $437,373

Assets and Liabilities:

  • Total Assets: $894,930
  • Total Liabilities: $39,035
  • Net Assets: $855,895

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Programs

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

HOME OWNERSHIP FEES

Revenue

$237,770

MORTGAGE INTEREST INCOME

Revenue

$19,099

Organization Details

Founding Year

2001

Principal Officer

Dr James Paley

Main Address

333 SHERMAN AVENUE, NEW HAVEN, CT, 06511

NTEE Category

Code: P51 - Human services

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