Overview
What is Housing Foundation Of America Inc?
Housing Foundation of America Inc is a not-for-profit organization, established in Florida in 2005, with a mission to preserve and develop livable, affordable housing. They extend their services in the tri-county areas of Miami-Dade, Broward, and Palm Beach, offering essential workshops that cater to various housing needs. These workshops aim to educate first-time home buyers, provide guidance on foreclosure prevention, and promote financial literacy. Additionally, they offer an affordable home loan program and pre-purchase counseling. Recently, they have expanded their operations to North Carolina, continuing their mission to assist qualified home buyers and improve communities. With a team of 7 dedicated individuals, Housing Foundation of America, Inc. is committed to impacting lives and fostering better communities through their workforce housing initiatives. Their workshops, lasting 8 hours, are held on-site and cover a range of topics, from home buying to financial management. By offering these resources, they strive to empower individuals and families in securing and maintaining affordable housing.
Official website here: www.approvedbyhud.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Housing Foundation of America Inc has received a three-star rating from Charity Navigator, reflecting a commendable level of accountability and financial management. The overall score is entirely derived from its accountability and finance metrics, which stand at 77%. This rating indicates that the organization meets a satisfactory standard in managing its resources effectively.
Strengths highlighted in the evaluation include a perfect score in areas such as financial statements audit and oversight, material diversion of assets, and conflict of interest policies. Additionally, the foundation demonstrates a strong program expense ratio of 78.63%, suggesting that a significant portion of its resources is directed towards its mission-related activities, which enhances its credibility among stakeholders.
However, while the rating is positive, it is important to note that the score is solely based on accountability and finance; thus, there may be other aspects of the organization that are not reflected in this rating. Potential donors and supporters should consider exploring further details about the foundation's programs and impact before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Foundation Of America Inc legitimate?
Housing Foundation Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Foundation Of America 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.
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Official website here: www.approvedbyhud.org
What is the mission statement of Housing Foundation Of America Inc?
The Housing Foundation of America Inc's mission is centered around preserving and developing livable, affordable housing. This not-for-profit organization aims to cater to the housing needs of individuals and families, particularly in the context of workforce housing. Committed to bettering communities and impacting lives, Housing Foundation of America Inc provides assistance to eligible home buyers and first-time homeowners. They conduct educational workshops, offering counseling sessions on various topics such as foreclosure prevention, affordable home loans, pre-purchase counseling, and financial literacy, lasting for eight hours. These workshops are held in various locations, currently including Miami-Dade, Broward, and Palm Beach in Florida, and North Carolina, serving as a valuable resource for those in need of housing assistance.
Official website here: www.approvedbyhud.org
Who is the CEO of Housing Foundation Of America Inc?
Chester Bishop is the Chairman of Housing Foundation Of America Inc.
Official website here: www.approvedbyhud.org
What is the revenue of Housing Foundation Of America Inc?
Housing Foundation Of America Inc's revenue in 2022 was $594,681.
Official website here: www.approvedbyhud.org
Who are the executives of Housing Foundation Of America Inc and what are their salaries?
There are 7 employees at Housing Foundation Of America Inc.
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Official website here: www.approvedbyhud.org
Where can I find the form 990 for Housing Foundation Of America Inc?
Housing Foundation Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.approvedbyhud.org
Learn more at the official website: www.approvedbyhud.org
Mission Statement of Housing Foundation Of America Inc
The Housing Foundation of America, a not-for-profit organization, is dedicated to preserving and developing livable, affordable housing. Its mission is to cater to the needs of individuals and families, particularly in the realm of workforce housing. The organization, established in 2005, operates with a vision to enhance communities and transform lives by providing assistance to eligible homebuyers, including first-time buyers.
To achieve its objectives, Housing Foundation of America conducts workshops as a means of counseling and guidance. These sessions, held in the tri-counties of Miami-Dade, Broward, and Palm Beach in Florida, and now expanding to North Carolina, cover various topics. These include foreclosure prevention, affordable home loan programs, pre-purchase counseling, and financial literacy. The workshops last for eight hours, aiming to empower participants with the necessary knowledge and skills to navigate the housing market and secure affordable homes. The organization's commitment to these workshops signifies its dedication to making housing more accessible and manageable for its target audience.
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Impact
July, 2024
Housing Foundation Of America Inc's impact can be seen in its mission to preserve and develop livable, affordable housing for individuals and families in need. By offering workshops that provide counseling on various housing-related topics such as first-time home buying, foreclosure prevention, affordable home loan programs, pre-purchase counseling, and financial literacy, the organization is actively addressing the housing needs of communities in Florida and North Carolina.
These workshops, which last for 8 hours and are held in multiple counties, serve as a valuable resource for individuals looking to secure stable housing options. In doing so, Housing Foundation Of America Inc is contributing to the creation of better communities and positively impacting the lives of qualified homebuyers and first-time buyers. Through its commitment to providing assistance and support in navigating the housing market, the organization plays a crucial role in promoting access to affordable housing options and enhancing financial literacy among its participants.
This information is meant to be a general summary of Housing Foundation Of America 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.
- Program Service Revenue: $44,603
- Gross Receipts: $594,681
Assets and Liabilities:
- Total Assets: $661,001
- Total Liabilities: $286,111
- Net Assets: $374,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNSELING
Revenue
$44,603
Organization Details
Founding Year
2005
Phone
(954) 923-5001Principal Officer
Chester Bishop
Main Address
2400 N UNIVERSITY DRIVE APT 200, PEMBROKE PINES, FL, 33024
Website
www.approvedbyhud.orgNTEE Category
Code: P51 - Human services
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