Overview
What is Homesharing Inc?
Homesharing Inc is a nonprofit organization situated in Bridgewater, New Jersey, with a specific mission to combat homelessness. They achieve this by connecting individuals who wish to share their homes for various reasons, such as economic necessity, service, or companionship, with those in need of affordable housing. By matching 'providers' and 'seekers,' Homesharing Inc aims to cater to the needs of both parties. The service area covers Somerset, Hunterdon, Middlesex, Morris, and Union counties in New Jersey. The living arrangements involve separate bedrooms for the providers and seekers, ensuring both parties maintain their independence while meeting their basic needs. Service arrangements may include reduced rent or the exchange of household chores/services for rent, in lieu of a direct payment. Homesharing Inc, with a team of three dedicated employees, is committed to preventing homelessness through this unique and thoughtful approach.
Official website here: www.homesharing.org
Is Homesharing Inc legitimate?
Homesharing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homesharing 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: $40,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,111
For more financial information, click here
Official website here: www.homesharing.org
What is the mission statement of Homesharing Inc?
Homesharing Inc's mission is centered around preventing homelessness. They accomplish this by facilitating a match between individuals, referred to as providers and residents, who need to share their homes for various reasons, such as economic necessity, service requirements, or seeking companionship. The organization aims to create living arrangements where the needs of both parties are fulfilled. Homeshares typically involve providers living in separate bedrooms while residents reside within the service areas. It's essential for both parties to maintain their independence and meet their basic needs. Homesharing Inc offers service arrangements that can include reduced rent or exchanges of household chores or services for rent, in lieu of payment.
Official website here: www.homesharing.org
Who is the CEO of Homesharing Inc?
Karen Thomas is the President of Homesharing Inc.
Official website here: www.homesharing.org
What is the revenue of Homesharing Inc?
Homesharing Inc's revenue in 2022 was $249,877.
Official website here: www.homesharing.org
Who are the executives of Homesharing Inc and what are their salaries?
The average compensation at Homesharing Inc during 2022 was $39,325. There are 3 employees and 4 volunteers at Homesharing Inc.
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Official website here: www.homesharing.org
Where can I find the form 990 for Homesharing Inc?
Homesharing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homesharing.org
Learn more at the official website: www.homesharing.org
Mission Statement of Homesharing Inc
Homesharing Inc, a nonprofit organization, is dedicated to preventing homelessness. They achieve this by matching individuals, referred to as providers and seekers, who have a shared need or desire to share living spaces. Providers may have extra rooms in their homes or require help with household chores, while seekers might be looking for affordable housing options. Homesharing Inc's goal is to create a mutually beneficial arrangement where both parties' needs are met. This could involve reduced rental costs for seekers in exchange for helping with household chores, or a straight-forward rental agreement for providers. It's important to note that both parties must be capable of meeting their basic needs independently. Homesharing Inc's services are currently available in several New Jersey counties, including Somerset, Hunterdon, Middlesex, Morris, and Union.
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Impact
October, 2024
Homesharing Inc plays a crucial role in combating homelessness by connecting individuals who have extra space in their homes with those in need of affordable housing. By facilitating arrangements where homeowners, referred to as "providers," share their residences with "seekers," the organization creates a mutually beneficial environment. Providers gain assistance with household chores or reduced rent in exchange for offering a room, while seekers find stable living situations without the financial burden typically associated with housing.
Operating in key areas of New Jersey, including Somerset, Hunterdon, Middlesex, Morris, and Union counties, Homesharing Inc addresses various needs, including economic support, companionship, and service requirements. The structured process ensures that both parties involved maintain their independence and can fulfill their basic needs. This innovative matching service not only provides immediate housing solutions but also fosters community connections, helping to mitigate the factors that contribute to homelessness. Through its efforts, Homesharing Inc significantly impacts individuals and families by enhancing access to safe and affordable living arrangements.
This information is meant to be a general summary of Homesharing 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: $143
- Gross Receipts: $249,877
Assets and Liabilities:
- Total Assets: $396,622
- Total Liabilities: $96,214
- Net Assets: $300,408
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Organization Details
Founding Year
1984
Phone
(908) 526-4663Principal Officer
Karen Thomas
Main Address
120 FINDERNE AVENUE, BRIDGEWATER, NJ, 08807
Website
www.homesharing.orgNTEE Category
Code: L30Z - Housing
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