Overview
What is Real Estate Education And Community Housing Inc?
Real Estate Education and Community Housing Inc., based in Palm Beach Gardens, Florida, serves as a HUD-approved foreclosure and housing counseling organization. Their mission is to empower low to moderate income families by inspiring and guiding them towards achieving home ownership or preventing foreclosure actions. This nonprofit, with a team of 13 dedicated individuals, offers mortgage acquisition assistance and is affiliated with Homefree USA. Their work aims to educate and support these families in their journey towards stable housing.
Official website here: wwwreach4housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Real Estate Education And Community Housing Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in key areas of accountability and finance. With a score of 83% for Accountability & Finance, the organization demonstrates strong fiscal management practices, including independent board members and a robust audit process. This high level of governance is complemented by a perfect score in the Culture & Community category, highlighting the organization's commitment to community engagement and feedback.
Strengths of the organization include its fully independent board and comprehensive oversight policies, such as a whistleblower policy and conflict of interest policy. Additionally, the organization effectively collects and utilizes feedback, ensuring that community input shapes its programs and initiatives. These attributes contribute to a transparent and accountable environment, essential for donor trust and effective service delivery.
However, there are some areas for improvement, particularly in the financial metrics. The program expense ratio is relatively low, which could indicate that a smaller portion of the budget is dedicated to direct services compared to operational costs. Additionally, the liabilities to assets ratio suggests a need for better financial positioning. Addressing these limitations may help enhance the organization's overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Real Estate Education And Community Housing Inc legitimate?
Real Estate Education And Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Real Estate Education And Community Housing 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: $253,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $436,986
For more financial information, click here
Official website here: wwwreach4housing.org
What is the mission statement of Real Estate Education And Community Housing Inc?
Real Estate Education and Community Housing Inc, as a HUD-approved organization and an affiliate of Homefree USA, aims to inspire and motivate low to moderate income families to pursue home ownership or prevent foreclosure actions. They achieve this goal through education and guidance. The organization's mission is centered around providing assistance in mortgage acquisition and offering counseling services to help families navigate through foreclosure proceedings. Their mission is to empower these families to take the necessary steps towards achieving home ownership or maintaining financial stability. By offering their services, Real Estate Education and Community Housing Inc is dedicated to making home ownership a reality for those who might otherwise struggle with these challenges.
Official website here: wwwreach4housing.org
Who is the CEO of Real Estate Education And Community Housing Inc?
Patricia Tracey is the Pres of Real Estate Education And Community Housing Inc.
Official website here: wwwreach4housing.org
What is the revenue of Real Estate Education And Community Housing Inc?
Real Estate Education And Community Housing Inc's revenue in 2022 was $1,698,915.
Official website here: wwwreach4housing.org
Who are the executives of Real Estate Education And Community Housing Inc and what are their salaries?
The average compensation at Real Estate Education And Community Housing Inc during 2022 was $53,145. There are 13 employees at Real Estate Education And Community Housing Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: wwwreach4housing.org
Where can I find the form 990 for Real Estate Education And Community Housing Inc?
Real Estate Education And Community Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: wwwreach4housing.org
Learn more at the official website: wwwreach4housing.org
Mission Statement of Real Estate Education And Community Housing Inc
Real Estate Education and Community Housing Inc, as a HUD-approved organization and an affiliate of Homefree USA, has a mission to inspire and motivate low to moderate income families. Their objective is to guide these families towards achieving home ownership or preventing foreclosure actions, all through educational support and guidance. The organization's mission is centered around empowering these families to take the necessary steps towards homeownership, thereby providing them with a secure and stable living environment.
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Impact
October, 2024
Real Estate Education And Community Housing Inc plays a crucial role in empowering low to moderate income families in Palm Beach Gardens, FL, by providing essential resources and support for achieving homeownership and avoiding foreclosure. Through its HUD-approved foreclosure and housing counseling services, the organization offers education and guidance that inspires families to take proactive steps towards financial stability and homeownership.
By focusing on mortgage acquisition and foreclosure assistance, the organization addresses significant barriers faced by underserved communities, helping individuals navigate the complex housing market. The impact is seen in the increased confidence and knowledge of families who, with the right support, can make informed decisions about their housing options, ultimately contributing to stronger communities.
The focus on education equips individuals with the necessary tools to attain sustainable homeownership, improving their economic trajectories and stabilizing neighborhoods. This support not only fosters personal achievement but also cultivates a sense of community and resilience among participants, further enhancing the overall well-being of the area.
This information is meant to be a general summary of Real Estate Education And Community Housing 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: $1,685,556
- Gross Receipts: $1,698,915
Assets and Liabilities:
- Total Assets: $2,788,627
- Total Liabilities: $2,112,649
- Net Assets: $675,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Grants and Legal Assitance
Revenue
$945,496
Rent and Interest
Revenue
$100,607
Fees Reimbursed Costs
Revenue
$169,503
Gain on Transactions with Properties
Revenue
$469,950
Organization Details
Founding Year
2006
Phone
(561) 491-1670Principal Officer
Patricia Tracey
Main Address
8409 N Military Trail APT 110, PALM BEACH GARDENS, FL, 33410
Website
wwwreach4housing.orgNTEE Category
Code: P51 - Human services
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