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Homes Now Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223548435 ✦ Brick township, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Homes Now Inc?

Homes Now Inc, a nonprofit organization situated in Brick Township, New Jersey, is dedicated to enhancing affordable housing options for low and moderate-income families. They primarily focus on renovating existing homes and constructing new ones, ensuring compliance with the Council on Affordable Housing (COAH). Beyond housing, Homes Now Inc provides management services for these projects, ensuring they meet the necessary standards. Their mission extends beyond just housing, aiming to offer affordable living solutions and essential services to municipalities across New Jersey. With a team of five dedicated individuals, Homes Now Inc is committed to making a positive impact on the community.


Official website here: www.homes-now.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Stars

Homes Now Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's score reflects its commitment to transparency and adherence to best practices in governance, with a perfect score for its independent board members and robust financial oversight mechanisms in place. This strong rating suggests that the organization effectively manages its resources and is focused on fulfilling its mission.

However, despite the positive financial rating, user feedback presents a contrasting view. One reviewer described their experience with the organization as largely negative, citing a lack of proper mental health support and care for residents. This review highlighted serious concerns regarding the treatment of individuals living in the charity’s housing, suggesting that the staff may not be adequately trained or compassionate in their roles.

While the financial metrics suggest that Homes Now Inc is managing its operations well, the negative personal experiences shared by users point to significant shortcomings in the quality of care provided. Prospective donors and clients may want to consider both the excellent financial indicators and the critical feedback when evaluating the organization’s overall effectiveness in serving its community.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Homes Now Inc legitimate?

Homes Now Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes Now 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: $141,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,663

For more financial information, click here


Official website here: www.homes-now.org

What is the mission statement of Homes Now Inc?

Homes Now Inc, as an organization, is committed to providing affordable housing and related services. Their primary mission is to assist municipalities across the state of New Jersey in this endeavor. They accomplish this by renovating existing housing units and constructing new ones specifically designed for low-income families. Furthermore, Homes Now Inc provides ongoing management services for these housing projects to ensure compliance with the requirements set by the Council on Affordable Housing (COAH). The ultimate goal of Homes Now Inc is to contribute to the provision of affordable housing and improve the living conditions for families in need.


Official website here: www.homes-now.org

Who is the CEO of Homes Now Inc?

Christine Hofmann is the Executive Director of Homes Now Inc.


Official website here: www.homes-now.org

What is the revenue of Homes Now Inc?

Homes Now Inc's revenue in 2022 was $590,421.


Official website here: www.homes-now.org

Who are the executives of Homes Now Inc and what are their salaries?

The average compensation at Homes Now Inc during 2022 was $60,929. There are 5 employees and 10 volunteers at Homes Now Inc.


Here are 11 key members and their salaries:


Christine Hoffmann (Executive Director)
  • Compensation: $125,724
  • Related: $0
  • Other: $16,261
Paul Barlo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Labash (Vice President - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Mcbride (Secretary - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Meckel (Treasurer - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hazelet (President - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Frank (Municipal Liaison)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Martone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Green (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enza Colucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Conti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.homes-now.org

Where can I find the form 990 for Homes Now Inc?

Homes Now Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.homes-now.org

Learn more at the official website: www.homes-now.org

Mission Statement of Homes Now Inc

Homes Now Inc, a nonprofit organization, is dedicated to providing affordable housing and related services to low and moderate-income families across the state of New Jersey. Their mission is threefold: they renovate and construct new housing units, monitor these projects, and offer management services to ensure compliance with the Council on Affordable Housing (COAH). By doing so, Homes Now Inc contributes to the creation and maintenance of affordable housing options, thereby addressing the housing needs of many families in need.

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Impact




July, 2024

Homes Now Inc provides affordable housing to low and moderate-income families in various municipalities throughout the state of New Jersey. They renovate and construct new housing to ensure that those in need have access to safe and affordable housing options. Additionally, they monitor and provide management services for low-income housing projects to ensure compliance with regulations. Homes Now Inc's impact lies in their commitment to addressing the housing needs of vulnerable populations and improving overall community well-being.




This information is meant to be a general summary of Homes Now 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.

Revenue
$590,421 (2022)
Expenses
$737,261 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,406
  • Program Service Revenue: $303,240
  • Gross Receipts: $590,421

Assets and Liabilities:

  • Total Assets: $16,975,740
  • Total Liabilities: $10,818,312
  • Net Assets: $6,157,428

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEES

Revenue

$235,092

DEVELOPER FEES

Revenue

$68,148

Organization Details

Founding Year

1997

Principal Officer

Christine Hofmann

Main Address

2141 Route 88 East No 1, Brick Township, NJ, 08724

NTEE Category

Code: L80 - Housing

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