Overview
What is Wyoming Family Home Ownership Program?
The Wyoming Family Home Ownership Program is a nonprofit organization, based in Cheyenne, Wyoming, specifically at PO Box 21682. Their primary mission is to support low-income, working families with children, empowering them to attain and sustain their first-time home ownership. This mission is carried out through the provision of essential tools and resources, aiming to make this significant milestone achievable and sustainable for these families. The organization's efforts are backed by a small team of three dedicated individuals.
Official website here: www.wyfhop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while the Wyoming Family Home Ownership Program demonstrates some positive aspects, it also has areas needing improvement. The organization has a strong performance in Culture & Community and Leadership & Adaptability, with scores of 97 and 100, respectively, showcasing its commitment to fostering a supportive and well-managed environment.
Strengths of the organization include a fully independent board, a high program expense ratio indicating most funds are directed towards their mission, and clearly defined strategic goals aimed at enhancing housing affordability. Additionally, they have no material diversion of assets, which reflects a strong financial integrity.
However, the organization faces notable limitations in its accountability and finance practices. The lack of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance transparency. While their liabilities to assets ratio is reasonable, these missing policies could impede effective oversight and risk management, which are critical for nonprofit success.
This AI summary has been generated from information found on Charity Navigator.
Is Wyoming Family Home Ownership Program legitimate?
Wyoming Family Home Ownership Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wyoming Family Home Ownership Program 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: $94,399
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,734
For more financial information, click here
Official website here: www.wyfhop.org
What is the mission statement of Wyoming Family Home Ownership Program?
The Wyoming Family Home Ownership Program is committed to assisting low-income, working families with children in their journey towards first-time home ownership. By providing essential resources and tools, this program aims to help these families not only purchase a home but also sustain it over time. The program's mission is to empower these families, enabling them to secure a stable living situation and build a foundation for their future.
Official website here: www.wyfhop.org
Who is the CEO of Wyoming Family Home Ownership Program?
Joshua Morris is the Executive Director of Wyoming Family Home Ownership Program.
Official website here: www.wyfhop.org
What is the revenue of Wyoming Family Home Ownership Program?
Wyoming Family Home Ownership Program's revenue in 2022 was $1,011,486.
Official website here: www.wyfhop.org
Who are the executives of Wyoming Family Home Ownership Program and what are their salaries?
The average compensation at Wyoming Family Home Ownership Program during 2022 was $57,711. There are 3 employees and 48 volunteers at Wyoming Family Home Ownership Program.
Here are 14 key members and their salaries:
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Official website here: www.wyfhop.org
Where can I find the form 990 for Wyoming Family Home Ownership Program?
Wyoming Family Home Ownership Program's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wyfhop.org
Learn more at the official website: www.wyfhop.org
Mission Statement of Wyoming Family Home Ownership Program
The Wyoming Family Home Ownership Program, in its mission, aims to equip low-income, working families with children, with the essential resources and tools necessary for achieving and sustaining their first-time home ownership. This nonprofit organization is committed to empowering these families, providing them with the means to secure a stable and permanent residence. By offering a range of resources, the Wyoming Family Home Ownership Program plays a vital role in helping families overcome financial barriers and achieve their dream of homeownership.
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Impact
October, 2024
The Wyoming Family Home Ownership Program has a significant impact on low-income, working families with children by equipping them with the essential tools and resources needed to achieve and sustain first-time home ownership. This program addresses the critical challenges faced by these families, offering education and support that empowers them to navigate the complexities of the housing market. By facilitating access to home ownership, the program not only enhances the living conditions of these families but also fosters stability, financial independence, and community engagement. The skills and knowledge gained through this initiative help families to maintain their homes, thereby creating a lasting impact on their overall quality of life and contributing to the economic well-being of the community in Cheyenne, Wyoming.
This information is meant to be a general summary of Wyoming Family Home Ownership Program. 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: $2,763
- Gross Receipts: $1,011,486
Assets and Liabilities:
- Total Assets: $2,330,010
- Total Liabilities: $1,271,347
- Net Assets: $1,058,663
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Organization Details
Founding Year
2007
Phone
(307) 514-5831Principal Officer
Joshua Morris
Main Address
PO Box 21682, Cheyenne, WY, 82003
Website
www.wyfhop.orgNTEE Category
Code: B60 - Education
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