Overview
What is Housing Economic Reinvestment Opportunities Inc?
Housing Economic Reinvestment Opportunities Inc, located in Macon, Georgia, is a nonprofit organization dedicated to improving living conditions and financial stability for low-income individuals and families. The organization's primary mission revolves around providing both housing and economic prospects, aiming to uplift those who are economically disadvantaged. By offering a variety of resources and opportunities, they aim to make a significant impact in their community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80% (Three-Star out of Four Star rating)
Housing Economic Reinvestment Opportunities Inc has earned an 80% rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based entirely on a single beacon, with a focus on financial responsibility, demonstrating that the organization is committed to maintaining transparency and integrity in its operations.
One of the highlighted strengths is the organization's governance structure, as it boasts a fully independent board of directors, ensuring unbiased decision-making. Additionally, the organization has received full marks in various financial metrics, including its program expense ratio, which suggests that it allocates all of its expenses directly to its programs, maximizing the impact of its financial resources.
While the rating reflects strong financial health and governance, it is important for potential donors and stakeholders to consider how these factors translate into the organization's overall mission effectiveness. The absence of any noted material diversion of assets and a favorable liabilities to assets ratio further substantiate its sound financial practices. However, specific insights into program outcomes or beneficiary impact were not provided in this data set.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Economic Reinvestment Opportunities Inc legitimate?
Housing Economic Reinvestment Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Economic Reinvestment Opportunities 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: $879,510
For more financial information, click here
What is the mission statement of Housing Economic Reinvestment Opportunities Inc?
Housing Economic Reinvestment Opportunities Inc is dedicated to serving the needs of low and very-low income individuals and families. Their mission is centered around providing both housing and economic opportunities to this demographic. Through their efforts, they aim to enhance the living conditions and financial stability of these individuals, thereby contributing to their overall quality of life. The organization's activities are primarily geared towards facilitating access to affordable housing and economic prospects, thereby empowering these families to build a better future for themselves.
Who is the CEO of Housing Economic Reinvestment Opportunities Inc?
Michael T Austin is the Ceo/Secretary of Housing Economic Reinvestment Opportunities Inc. The CEO's salary of Housing Economic Reinvestment Opportunities Inc is $0 and their total compensation is $0.
What is the revenue of Housing Economic Reinvestment Opportunities Inc?
Housing Economic Reinvestment Opportunities Inc's revenue in 2022 was $5,626,615.
Who are the executives of Housing Economic Reinvestment Opportunities Inc and what are their salaries?
Here are 9 key members and their salaries (Housing Economic Reinvestment Opportunities Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Housing Economic Reinvestment Opportunities Inc?
Housing Economic Reinvestment Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Economic Reinvestment Opportunities Inc
Housing Economic Reinvestment Opportunities Inc, as a nonprofit organization, is committed to a mission that aims to offer housing and economic prospects for individuals and families who fall under the low-income and very-low-income categories. The entity's primary objective is to create an environment that fosters stability and growth for these individuals, enabling them to improve their living conditions and financial situations. By providing housing opportunities, Housing Economic Reinvestment Opportunities Inc seeks to address the fundamental need for a safe and secure place to live, which is essential for the well-being and development of any individual or family. Additionally, the organization's mission extends to economic opportunities, aiming to equip these individuals with the resources they need to enhance their financial position and ultimately, lead more fulfilling lives.
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Impact
October, 2024
Housing Economic Reinvestment Opportunities Inc plays a vital role in enhancing the lives of low and very-low income individuals and families in Macon, GA. By focusing on housing and economic opportunities, the organization addresses critical needs within the community.
Through its initiatives, it creates access to safe and affordable housing, which is foundational for stability and well-being. Additionally, by promoting economic opportunities, it empowers individuals and families to improve their financial situation, fostering self-sufficiency and breaking cycles of poverty. The work of this organization not only benefits those directly served but also contributes to the overall revitalization of the Macon community, leading to improved economic conditions and a stronger social fabric.
This information is meant to be a general summary of Housing Economic Reinvestment Opportunities 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: $5,580
- Program Service Revenue: $5,621,035
- Gross Receipts: $5,626,615
Assets and Liabilities:
- Total Assets: $20,704,967
- Total Liabilities: $7,738,151
- Net Assets: $12,966,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Income
Revenue
$55,601
Rental Revenue
Revenue
$5,565,434
Organization Details
Phone
(478) 752-5255Principal Officer
Michael T Austin
Main Address
2015 Felton Avenue, Macon, GA, 31201
NTEE Category
Code: L20 - Housing
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