Overview
What is Housing Operations Management Enterprises Inc?
Housing Operations Management Enterprises Inc is a nonprofit organization situated in New Haven, Connecticut, with a focus on managing affordable housing units. Their primary clientele consists of homeless individuals, people with disabilities, and other disadvantaged groups. Through their residential property management services, they aim to foster human development and promote integration into mainstream housing. By the end of March 2023, they had successfully managed 141 units, all of which were owned by or controlled by non-profit organizations. Additionally, they operate a resident services program that provides referrals to various service agencies to support their residents. In summary, Housing Operations Management Enterprises Inc is dedicated to providing affordable housing and supportive services to disadvantaged populations, working towards their integration into mainstream society.
Official website here: www.homeinc-ct.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Housing Operations Management Enterprises Inc has received a score of 79%, reflecting a solid performance in accountability and finance, which is the sole basis for its rating. The organization demonstrates high standards with a fully independent board of directors and no material diversions of assets, indicating strong governance practices. Its financial health appears robust with a program expense ratio of 94.60%, suggesting that a major portion of its budget is allocated directly to its programs.
Additionally, the charity has implemented several key policies that enhance its operational transparency, including conflict of interest, whistleblower, and document retention policies. These features contribute positively to its accountability score. The organization has also maintained effective documentation practices, ensuring that board meeting minutes are properly recorded.
While the rating reflects strong accountability practices, it’s important to note that the score is solely based on financial metrics. Potential donors and stakeholders may want to look into the charity's overall impact and program effectiveness, as those aspects are not assessed within this rating framework.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Operations Management Enterprises Inc legitimate?
Housing Operations Management Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Operations Management 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: $105,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $343,885
For more financial information, click here
Official website here: www.homeinc-ct.org
What is the mission statement of Housing Operations Management Enterprises Inc?
Housing Operations Management Enterprises Inc's mission is centered around providing affordable housing for populations that are homeless, disabled, and economically disadvantaged. Their primary activities include housing management, housing development, and housing counseling, all aimed at fostering human development and integration into mainstream housing. Through these activities, they offer resident-oriented property management services, with a focus on mental health and other disabled individuals. Their mission is accomplished through the management of 141 units, all of which are owned by or controlled by non-profit organizations. Additionally, they operate a resident services program, providing referrals to various service agencies.
Official website here: www.homeinc-ct.org
What is the revenue of Housing Operations Management Enterprises Inc?
Housing Operations Management Enterprises Inc's revenue in 2024 was $1,634,445.
Official website here: www.homeinc-ct.org
Who are the executives of Housing Operations Management Enterprises Inc and what are their salaries?
The average compensation at Housing Operations Management Enterprises Inc during 2024 was $49,943. There are 9 employees at Housing Operations Management Enterprises Inc.
Here are 5 key members and their salaries:
- Compensation: $105,600
- Related: $0
- Other: $11,709
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.homeinc-ct.org
Where can I find the form 990 for Housing Operations Management Enterprises Inc?
Housing Operations Management Enterprises Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.homeinc-ct.org
Learn more at the official website: www.homeinc-ct.org
Mission Statement of Housing Operations Management Enterprises Inc
Housing Operations Management Enterprises Inc, a dedicated organization, is committed to providing affordable housing for homeless, disabled, and other disadvantaged populations. Their primary mission revolves around three key areas: housing management, housing development, and housing counseling. Through these activities, they aim to create a living environment that fosters human development and encourages integration into mainstream housing. Their focus is particularly on individuals with mental illness and other disabilities, ensuring they receive the necessary shelter and support. Apart from managing and developing affordable housing units, Housing Operations Management Enterprises Inc also operates resident services programs. These programs often involve making referrals to various service agencies to further support the residents in need.
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Impact
October, 2024
Housing Operations Management Enterprises Inc has made a significant impact on the community by developing and managing affordable housing aimed at homeless, disabled, and other disadvantaged populations. Through its comprehensive approach, the organization emphasizes not just shelter but also enhances the quality of life for residents. It provides resident-oriented property management services that prioritize human development and the integration of residents into mainstream housing.
With 141 units under management, all associated with nonprofit organizations, the organization plays a critical role in addressing the housing needs of vulnerable groups in New Haven, CT. The focus on housing for individuals with mental illness and other disabilities reflects a commitment to inclusivity and support. Additionally, the resident services program offers vital referrals to service agencies, further aiding residents in accessing resources that promote stability and self-sufficiency.
Overall, Housing Operations Management Enterprises Inc fosters a supportive environment that empowers individuals and encourages their integration into the community, significantly contributing to social equity and health in the region.
This information is meant to be a general summary of Housing Operations Management 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 2024.
- Investment Income: $113,236
- Program Service Revenue: $885,307
- Gross Receipts: $1,634,445
Assets and Liabilities:
- Total Assets: $7,278,711
- Total Liabilities: $3,003,790
- Net Assets: $4,274,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
affordable housing management
Revenue
$192,343
affordable housing development
Revenue
$24,000
affordable housing rental income
Revenue
$668,964
Organization Details
Founding Year
1987
Principal Officer
Brett Hill
Website
www.homeinc-ct.orgNTEE Category
Code: L80Z - Housing
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