Overview
What is Home Development Inc C/O Home Inc?
Home Development Inc C/O Home Inc is a nonprofit organization based in New Haven, Connecticut, with a specific focus on providing affordable housing for disabled individuals and families with disabled heads of households. Established in 2011, they developed and rehabilitated 20 units of residential real estate, ensuring that the households would have incomes below 50% of the area's median income. Their mission is centered around the development, ownership, and operation of affordable housing, offering a safe and comfortable living space for this targeted population.
Official website here: www.none
Is Home Development Inc C/O Home Inc legitimate?
Home Development Inc C/O Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Development Inc C/O Home 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Home Development Inc C/O Home Inc?
Home Development Inc, under the umbrella of Home Inc, is committed to the development, ownership, and operation of affordable housing for individuals with disabilities and other low-income citizens. Their mission is to provide suitable living spaces for this target population, which includes disabled individuals and families headed by disabled individuals. The income levels of these households are expected to be below 50% of the area's median income. The company completed rehabilitation and construction work in 2011, and since then, these units have been rented out for occupation.
Official website here: www.none
Who is the CEO of Home Development Inc C/O Home Inc?
Brett Hill is the President of Home Development Inc C/O Home Inc.
Official website here: www.none
What is the revenue of Home Development Inc C/O Home Inc?
Home Development Inc C/O Home Inc's revenue in 2023 was $309,040.
Official website here: www.none
Who are the executives of Home Development Inc C/O Home Inc and what are their salaries?
There 2 volunteers at Home Development Inc C/O Home Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $105,600
- Other: $10,576
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Home Development Inc C/O Home Inc
Home Development Inc C/O Home Inc is dedicated to the development, ownership, and operation of affordable housing for disabled individuals and other low-income citizens. This nonprofit organization aims to provide a living space for these groups, ensuring that their income falls below 50% of the area's median income. The organization has successfully rehabilitated and constructed 20 units of residential real estate, which have since been rented out, marking the commencement of their operational activities in 2011. Home Development Inc C/O Home Inc's mission is to serve as a reliable provider of affordable housing, catering specifically to disabled individuals and families headed by disabled individuals, thereby contributing to their overall well-being and quality of life.
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Impact
October, 2024
Home Development Inc C/O Home Inc has a significant impact on the community by providing affordable housing specifically designed for disabled individuals and low-income families. With the successful development and operation of 20 units of residential real estate, the organization addresses critical housing shortages for those who typically face barriers in securing safe and accessible homes.
The target population includes disabled individuals and families with disabled heads of households, all of whom have incomes at or below 50% of the area’s median income. By focusing on this demographic, Home Development Inc plays a crucial role in promoting stability and independence for vulnerable populations in New Haven, CT. The completion of rehabilitation and construction work in 2011 enabled these households to acquire safe living environments that cater to their specific needs, positively influencing their quality of life.
The initiative not only enhances housing accessibility but also fosters a sense of community among residents, contributing to social integration and support networks. Ultimately, Home Development Inc C/O Home Inc is integral in creating equitable housing opportunities, reducing homelessness, and improving overall community well-being.
This information is meant to be a general summary of Home Development Inc C/O Home 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 2023.
- Investment Income: $7,423
- Program Service Revenue: $301,617
- Gross Receipts: $309,040
Assets and Liabilities:
- Total Assets: $5,130,150
- Total Liabilities: $10,222,395
- Net Assets: -$5,092,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL LOW-INCOME
Revenue
$301,617
Organization Details
Founding Year
1987
Phone
(203) 562-4663Principal Officer
Brett Hill
Main Address
560 WHALLEY AVE, NEW HAVEN, CT, 06511
Website
www.noneNTEE Category
Code: L20 - Housing
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