Overview
What is Housing Opportunities And Management Enterprises Inc (Home)?
Housing Opportunities And Management Enterprises Inc, commonly known as Home, is a nonprofit organization situated in Lynn, Massachusetts. Its primary mission is to offer affordable and supportive housing options to individuals and families, with a special focus on those who have been chronically homeless or disabled. Home achieves this goal by providing room and apartment rentals to Lynn Shelter Association (LSA), another related organization. LSA's permanent housing program serves approximately 60 individuals and families annually. Home's housing units are equipped to provide access to services from LSA, ensuring comprehensive support for its residents.
Official website here: www.lsahome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Housing Opportunities And Management Enterprises Inc (HOME) has achieved an 80% score, signifying a solid Three-Star rating. This rating reflects a strong emphasis on accountability and finance, which are crucial for donor trust and organizational transparency. The charity scored particularly well in areas such as independent board member composition and the presence of essential governance policies.
Strengths of HOME include complete independence among board members and a robust audit and oversight committee, both contributing to its high accountability score. The organization has also demonstrated thorough documentation practices, including meeting minutes and conflict of interest policies. A commendable program expense ratio indicates that a significant portion of its funds is directed towards its mission-driven programs.
However, a notable area of concern is the liabilities to assets ratio, which is at 68.28%, suggesting potential financial vulnerability. While the majority of its financial metrics are strong, the organization may need to address this aspect to enhance its overall financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities And Management Enterprises Inc (Home) legitimate?
Housing Opportunities And Management Enterprises Inc (Home) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities And Management Enterprises Inc (Home) 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lsahome.org
What is the mission statement of Housing Opportunities And Management Enterprises Inc (Home)?
Housing Opportunities And Management Enterprises Inc, often referred to as Home, has a mission to provide affordable and supportive housing for individuals and families. This mission includes offering access to services from its parent company, Lynn Shelter Association, Inc. The organization achieves this through its permanent housing program, which involves renting rooms and apartments to Lynn Shelter Association (LSA) for their permanent housing program. LSA provides housing for chronically homeless and disabled individuals, as well as families where the head of household has faced similar challenges. During the year, this program served approximately 60 individuals.
Official website here: www.lsahome.org
Who is the CEO of Housing Opportunities And Management Enterprises Inc (Home)?
Mark Evans is the Clerk of Housing Opportunities And Management Enterprises Inc (Home).
Official website here: www.lsahome.org
What is the revenue of Housing Opportunities And Management Enterprises Inc (Home)?
Housing Opportunities And Management Enterprises Inc (Home)'s revenue in 2022 was $686,513.
Official website here: www.lsahome.org
Who are the executives of Housing Opportunities And Management Enterprises Inc (Home) and what are their salaries?
There 12 volunteers at Housing Opportunities And Management Enterprises Inc (Home).
Here are 14 key members and their salaries:
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- Related: $162,486
- Other: $1,607
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- Related: $91,369
- Other: $7,450
Official website here: www.lsahome.org
Where can I find the form 990 for Housing Opportunities And Management Enterprises Inc (Home)?
Housing Opportunities And Management Enterprises Inc (Home)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsahome.org
Learn more at the official website: www.lsahome.org
Mission Statement of Housing Opportunities And Management Enterprises Inc (Home)
Housing Opportunities And Management Enterprises Inc, commonly known as Home, is committed to providing affordable and supportive housing for individuals and families. This mission is in line with the services offered by its parent company, Lynn Shelter Association, Inc. Home achieves this by offering room and apartment rentals to individuals and families in need. The focus of their housing program is to assist chronically homeless and disabled individuals, as well as families where the head of household falls under the same category. The organization's permanent housing program, run by Lynn Shelter Association, served approximately 60 individuals during the year. Home's mission is essential in providing a safe and supportive living environment for those in need, offering them the opportunity to rebuild their lives and access necessary services from their parent company.
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Impact
July, 2024
Housing Opportunities And Management Enterprises Inc (HOME) plays a critical role in providing affordable and supportive housing to individuals and families in need. By partnering with Lynn Shelter Association Inc, HOME is able to offer a permanent housing program that serves chronically homeless and disabled individuals, as well as families facing similar challenges. This program has a direct impact on the lives of approximately 60 individuals each year, giving them access to stable housing and essential services. HOME's commitment to providing housing opportunities contributes to the well-being and stability of vulnerable populations in the Lynn, MA community.
This information is meant to be a general summary of Housing Opportunities And Management Enterprises Inc (Home). 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: $21
- Program Service Revenue: $686,198
- Gross Receipts: $686,513
Assets and Liabilities:
- Total Assets: $1,009,936
- Total Liabilities: $488,210
- Net Assets: $521,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$686,198
Organization Details
Founding Year
1989
Phone
(781) 581-0739Principal Officer
Mark Evans
Main Address
100 WILLOW STREET, LYNN, MA, 01901
Website
www.lsahome.orgNTEE Category
Code: L200 - Housing
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