Overview
What is Housing Resource Center Of Monterey Coun?
The Housing Resource Center of Monterey County, situated at 60 W Market Street 130, Salinas, CA 93901, is a dedicated nonprofit organization. Their primary mission is to assist low and very low-income households in Monterey County and surrounding areas in securing and maintaining permanent housing. They achieve this through various programs, including pre-purchase workshops, financial literacy classes, and specialized services for veterans. The center's continuum of resources extends from homeless prevention to homeownership, ensuring that households can access affordable housing opportunities. With a team of 14 dedicated individuals, the Housing Resource Center of Monterey County is committed to addressing housing challenges in their community.
Official website here: www.hrcmontereycounty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Housing Resource Center of Monterey County has achieved a strong rating of 87% from Charity Navigator, reflecting solid performance in accountability and finance. The organization demonstrates a high level of oversight, with a fully independent board and strong financial management practices. It has also received perfect scores in several governance categories, indicating a commitment to transparency and ethical standards.
Financially, the organization maintains a high program expense ratio of 92.73%, meaning that the majority of its expenses directly support its mission. However, it has a liabilities to assets ratio of 62.50%, which may suggest some concerns regarding its financial leverage. Despite this, the overall financial health appears to be stable, and the organization is effectively utilizing its resources to serve the community.
In terms of culture and community, the Housing Resource Center scores 87, reflecting a commitment to equity strategies. This indicates a focus on inclusiveness and responsiveness to the needs of the communities it serves. While the organization has notable strengths, ongoing monitoring of its financial ratios will be important to ensure it continues to operate effectively and sustainably.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Resource Center Of Monterey Coun legitimate?
Housing Resource Center Of Monterey Coun is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Resource Center Of Monterey Coun 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: $1,060,184
For more financial information, click here
Official website here: www.hrcmontereycounty.org
What is the mission statement of Housing Resource Center Of Monterey Coun?
The Housing Resource Center's mission is to offer a comprehensive range of resources, extending from homeless prevention to homeownership. This aim is to facilitate access to affordable housing opportunities for various households. Their programs focus on assisting low-income and very low-income families in securing and maintaining permanent housing. Additional services provided include pre-purchase workshops, financial literacy classes, and support for veterans, catering to residents in Monterey County and surrounding areas.
Official website here: www.hrcmontereycounty.org
What is the revenue of Housing Resource Center Of Monterey Coun?
Housing Resource Center Of Monterey Coun's revenue in 2023 was $4,414,467.
Official website here: www.hrcmontereycounty.org
Who are the executives of Housing Resource Center Of Monterey Coun and what are their salaries?
The average compensation at Housing Resource Center Of Monterey Coun during 2023 was $50,485. There are 21 employees and 10 volunteers at Housing Resource Center Of Monterey Coun.
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Official website here: www.hrcmontereycounty.org
Where can I find the form 990 for Housing Resource Center Of Monterey Coun?
Housing Resource Center Of Monterey Coun's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hrcmontereycounty.org
Learn more at the official website: www.hrcmontereycounty.org
Mission Statement of Housing Resource Center Of Monterey Coun
The Housing Resource Center of Monterey County, abbreviated as HRC, is committed to providing a comprehensive range of resources to help families and individuals access affordable housing opportunities. Their mission encompasses a continuum of services, extending from preventing homelessness to supporting homeownership. By offering various programs, the HRC aims to assist low-income and very low-income households in maintaining and securing permanent housing.
In line with their mission, the HRC provides workshops to educate Monterey County and surrounding area residents on pre-purchase processes. They also offer financial literacy courses, which are essential for managing finances effectively and maintaining housing stability. Moreover, the organization offers support services specifically tailored to veterans, recognizing their unique challenges in securing and maintaining housing. By offering these diverse resources, the Housing Resource Center of Monterey County strives to empower households, enabling them to access affordable housing opportunities.
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Impact
October, 2024
The Housing Resource Center of Monterey County plays a crucial role in addressing the housing challenges faced by low and very low-income households. By offering a comprehensive range of resources, the Center effectively supports individuals at various stages of their housing journey, from homelessness prevention to achieving home ownership.
Through its homeless prevention programs, the Center assists vulnerable populations in securing and maintaining stable, permanent housing, significantly reducing the risk of homelessness in the community. Additionally, the Center provides essential educational workshops focused on pre-purchase preparation and financial literacy, empowering residents with the knowledge and skills necessary to navigate the complexities of home buying.
Moreover, the Center extends its services to veterans, acknowledging their unique needs and helping them access housing opportunities. By fostering awareness and providing tangible support in Salinas and the surrounding areas, the Housing Resource Center enhances the availability of affordable housing while promoting stability and self-sufficiency among local households.
This information is meant to be a general summary of Housing Resource Center Of Monterey Coun. 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.
- Program Service Revenue: $4,088,782
- Gross Receipts: $4,414,467
Assets and Liabilities:
- Total Assets: $1,280,200
- Total Liabilities: $800,156
- Net Assets: $480,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$4,086,568
FEES FOR SERVICE
Revenue
$2,214
Organization Details
Founding Year
2003
Principal Officer
Kellie Morgantini
Website
www.hrcmontereycounty.orgNTEE Category
Code: L80 - Housing
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