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Ihomes Inc

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

EIN: 271254184 ✦ Columbia, MD ✦ Designated as a 501(c)(3)

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Overview

What is Ihomes Inc?

Ihomes Inc is a nonprofit organization situated in Columbia, Maryland, with a specific mission to support adults with developmental disabilities and limited income. They accomplish this by acquiring, developing, and managing real estate, which they then rent out to qualified individuals. During the period ending June 30, 2022, Ihomes Inc operated residential units in Howard County, each licensed to house up to four individuals. The organization employs a small team of two dedicated individuals, working to make a significant impact in the lives of those they serve.


Official website here: www.humanim.org

Is Ihomes Inc legitimate?

Ihomes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ihomes 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: $20,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.humanim.org

What is the mission statement of Ihomes Inc?

Ihomes Inc's primary mission is centered around acquiring, developing, and managing real estate properties. These properties are specifically designed to be rented to adults with developmental disabilities who have limited income. The organization's mission is to provide them with suitable living spaces. Ihomes Inc operates with a focus on serving this particular demographic, ensuring they have access to housing that fits their needs and financial capabilities. During the period ending June 30, 2022, Ihomes Inc operated residential units capable of accommodating up to four individuals with developmental disabilities and income limitations.


Official website here: www.humanim.org

Who is the CEO of Ihomes Inc?

Daniel Frasco is the Director of Ihomes Inc.


Official website here: www.humanim.org

What is the revenue of Ihomes Inc?

Ihomes Inc's revenue in 2022 was $346,277.


Official website here: www.humanim.org

Who are the executives of Ihomes Inc and what are their salaries?

The average compensation at Ihomes Inc during 2022 was $10,460. There are 2 employees at Ihomes Inc.


Here are 4 key members and their salaries:


Lori Somerville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Seager (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Clark (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Frasco (President)
  • Compensation: $11,538
  • Related: $170,427
  • Other: $5,810


Official website here: www.humanim.org

Where can I find the form 990 for Ihomes Inc?

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


Official website here: www.humanim.org

Learn more at the official website: www.humanim.org

Mission Statement of Ihomes Inc

Ihomes Inc, a nonprofit organization, is primarily dedicated to acquiring, developing, and managing real estate. Their primary mission is to provide these properties for rent to adults who are living with developmental disabilities and have limited income. By doing so, Ihomes Inc aims to offer housing solutions that cater to this specific population, ensuring they have access to suitable living spaces. The organization's primary exempt purpose aligns with its mission, focusing on the acquisition, development, and management of properties that will serve as residences for individuals with developmental disabilities and income limitations.

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Impact




October, 2024

Ihomes Inc has a significant impact on the community by providing stable and affordable housing for adults with developmental disabilities and limited income. By acquiring, developing, and managing residential units, particularly in Howard County, the organization addresses a critical need for accessible living spaces tailored to this population. Each residential unit supports up to four individuals, creating a supportive environment that fosters independence and community integration.

This initiative not only enhances the quality of life for residents but also promotes social inclusion by offering a sense of belonging and stability. Through such efforts, Ihomes Inc contributes to the overall well-being of individuals with developmental disabilities, empowering them to live more fulfilling lives while ensuring that their housing needs are met effectively.




This information is meant to be a general summary of Ihomes 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
$346,277 (2022)
Expenses
$118,450 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $41,219
  • Gross Receipts: $346,277

Assets and Liabilities:

  • Total Assets: $2,705,151
  • Total Liabilities: $2,033,473
  • Net Assets: $671,678

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Programs

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

RENTAL & MISC INCOME F

Revenue

$41,219

Organization Details

Founding Year

2009

Principal Officer

Daniel Frasco

Main Address

6355 WOODSIDE COURT, COLUMBIA, MD, 21046

NTEE Category

Code: L20 - Housing

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