Overview
What is Housing Options & Planning Enterprises Inc?
Housing Options & Planning Enterprises Inc, based in Oxon Hill, Maryland, is a dedicated nonprofit organization committed to expanding housing opportunities and enhancing financial well-being for various populations. Their comprehensive services include housing counseling for homebuyers, homeowners, and low-income renters, aiming to improve home retention and financial capabilities. Additionally, the organization manages supportive housing for special populations, such as the elderly and disabled, through Section 202 and 811 housing funded by the Department of Housing and Urban Development (HUD). Apart from these, H.O.P.E. revitalizes communities by acquiring and rehabilitating vacant homes, providing affordable housing opportunities through sales and rentals, and beautifying the architecture through community development projects. Their mission is to ensure access to housing and capital for all, fostering self-efficiency, wealth building, and housing that caters to the community's needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars
Housing Options & Planning Enterprises Inc has received a 50% rating from Charity Navigator, reflecting significant shortcomings in the accountability and financial transparency of the organization. While the charity excels in governance, with a fully independent board and no material diversion of assets, it struggles notably with financial reporting and policy transparency, which are crucial for stakeholder confidence.
The organization scored poorly in several key areas, such as financial statements, conflict of interest, and whistleblower policies, indicating a lack of foundational practices that ensure ethical management and operational integrity. The absence of these policies raises concerns about the organization's commitment to transparency and accountability.
Despite these challenges, the charity has been recognized for its program expense ratio, demonstrating that it allocates a substantial portion of its funds directly to its programs. However, the overall lack of financial documentation and governance policies may deter potential donors and stakeholders from fully supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Options & Planning Enterprises Inc legitimate?
Housing Options & Planning Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Options & Planning Enterprises 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: $98,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $325,277
For more financial information, click here
What is the mission statement of Housing Options & Planning Enterprises Inc?
Housing Options & Planning Enterprises Inc's mission is centered around ensuring equitable access to housing and capital for all individuals. This is achieved through various services like counseling, education, advocacy, and community revitalization. The organization offers a wide range of programs designed to foster self-efficiency, wealth building, and housing that meets the community's needs. Their housing counseling services aim to expand homeownership opportunities and improve financial well-being. In addition, they develop and manage affordable housing for special populations and revitalize communities by acquiring and rehabilitating vacant homes. The ultimate goal is to make affordable housing available through sale and rental opportunities.
Who is the CEO of Housing Options & Planning Enterprises Inc?
Zeno W St Cyr Ii is the Treasurer of Housing Options & Planning Enterprises Inc. The CEO's salary of Housing Options & Planning Enterprises Inc is $0 and their total compensation is $0.
What is the revenue of Housing Options & Planning Enterprises Inc?
Housing Options & Planning Enterprises Inc's revenue in 2022 was $844,951.
Who are the executives of Housing Options & Planning Enterprises Inc and what are their salaries?
The average compensation at Housing Options & Planning Enterprises Inc during 2022 was $105,844. There are 4 employees and 7 volunteers at Housing Options & Planning Enterprises Inc.
Here are 10 key members and their salaries (Housing Options & Planning Enterprises Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Housing Options & Planning Enterprises Inc?
Housing Options & Planning Enterprises Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Options & Planning Enterprises Inc
Housing Options & Planning Enterprises Inc, often referred to as H.O.P.E., is dedicated to ensuring that all individuals have access to housing and necessary capital. This mission is accomplished through various services, including counseling, education, advocacy, and community revitalization. The organization's wide range of offerings is designed to foster self-efficiency, wealth building, and housing solutions tailored to the needs of the community it serves.
One of H.O.P.E.'s primary focuses is housing counseling, which provides assistance to homebuyers, homeowners, and low-to-moderate income renters. The main objectives of this program are to expand homeownership opportunities and improve financial well-being. Services offered include home retention, homebuyer education, and financial capabilities.
In addition to housing counseling, H.O.P.E. also develops and manages supportive housing for special populations. The organization operates residential developments, such as Charles, Mudd, and Werner, which provide housing for the elderly and disabled using funding from the Department of Housing and Urban Development (HUD). Furthermore, H.O.P.E.'s Development Division works to revitalize communities by acquiring and rehabilitating vacant and foreclosed homes through resale, rent, or rent-to-own programs, aiming to make affordable housing available to eligible individuals and families. The organization also takes pride in fostering aesthetically pleasing architecture through community development projects.
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Impact
October, 2024
Housing Options & Planning Enterprises Inc. (H.O.P.E.) significantly enhances community wellbeing by ensuring access to housing and capital for all individuals, focusing particularly on homebuyers, homeowners, and low-to-moderate-income renters. Through its comprehensive housing counseling services, H.O.P.E. expands homeownership opportunities and promotes financial literacy, contributing to the financial wellbeing of those it serves.
The organization actively develops affordable housing and manages supportive housing initiatives, specifically catering to vulnerable populations such as the elderly and disabled. By leveraging funding from the Department of Housing and Urban Development (HUD), H.O.P.E. operates various residential developments that provide secure living environments while also fostering community revitalization through facade improvement projects and the rehabilitation of vacant homes.
H.O.P.E. not only makes housing accessible through its resale, rental, and rent-to-own programs but also enhances the aesthetic quality of neighborhoods, promoting a sense of pride and community cohesion. These efforts reflect a commitment to fostering self-sufficiency, wealth building, and ensuring that housing needs are met, thereby making a profound impact on the quality of life for individuals and families in the area.
This information is meant to be a general summary of Housing Options & Planning Enterprises 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: $173
- Program Service Revenue: $25,456
- Gross Receipts: $844,951
Assets and Liabilities:
- Total Assets: $769,207
- Total Liabilities: $501,100
- Net Assets: $268,107
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEBUYER CLASSES
Revenue
$25,456
Organization Details
Founding Year
2005
Phone
(301) 567-3330Principal Officer
Zeno W St Cyr Ii
Main Address
6188 OXON HILL RD 700, OXON HILL, MD, 20745
NTEE Category
Code: P51 - Human services
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