Overview
What is Centre For Homeownership & Economic Development?
Centre for Homeownership & Economic Development (CHOEDC) is a nonprofit organization headquartered in Hillsborough, North Carolina. With a focus on improving lives, CHOEDC offers services that promote health and wellness, economic stability, affordable housing, financial independence, job opportunities, business development, and small business training. They provide housing counseling services, financial literacy programs, and homeownership opportunities to help individuals and families achieve financial independence. Additionally, CHOEDC offers job services and business solutions to stimulate economic growth. Under the Healthy Opportunity Pilot Program, they offer non-medical housing services, and provide mental health care, substance abuse counseling, and peer support counseling in five designated areas throughout North Carolina. With a dedicated team of two employees, CHOEDC is committed to enriching and educating lives in their community.
Official website here: www.homeownershipcentre-ed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Centre For Homeownership & Economic Development has achieved an impressive rating of 94%, indicating a strong commitment to transparency and accountability in its operations. A Four-Star rating from Charity Navigator reflects the organization's effectiveness in managing its financial resources and its dedication to its mission. The charity's accountability and finance score highlights its solid governance structure, with a fully independent board and robust financial reporting practices.
Strengths noted in the ratings include a comprehensive set of policies that demonstrate good governance practices, such as a conflict of interest policy and a whistleblower policy. The organization shows a strong alignment of its assets to liabilities, with a ratio of 34.95%, which suggests financial stability. Additionally, a significant portion of its expenses, 68.02%, is directed towards its programs, underscoring its focus on impactful service delivery.
While the organization displays strong financial health and governance, users have not highlighted any significant limitations in the available feedback. The charity appears to have effective oversight and operational practices in place, contributing to its positive standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Centre For Homeownership & Economic Development legitimate?
Centre For Homeownership & Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centre For Homeownership & Economic Development 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: $118,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,619
For more financial information, click here
Official website here: www.homeownershipcentre-ed.org
What is the mission statement of Centre For Homeownership & Economic Development?
The Centre for Homeownership & Economic Development's mission is to enrich and educate lives by offering various services. These include housing counseling, financial literacy, homeownership opportunities, job services, business solutions, and economic development. Their goal is to support innovative approaches in both urban and rural communities, focusing on health and wellness, economic stability, affordable housing, financial independence, jobs, business development, and small business training. Additionally, the center provides non-medical housing services under the Healthy Opportunity Pilot Program and offers mental health care, substance abuse counseling, and peer support counseling in five catchment areas across North Carolina.
Official website here: www.homeownershipcentre-ed.org
Who is the CEO of Centre For Homeownership & Economic Development?
James Stroud is the Board Chairman of Centre For Homeownership & Economic Development.
Official website here: www.homeownershipcentre-ed.org
What is the revenue of Centre For Homeownership & Economic Development?
Centre For Homeownership & Economic Development's revenue in 2022 was $1,111,973.
Official website here: www.homeownershipcentre-ed.org
Who are the executives of Centre For Homeownership & Economic Development and what are their salaries?
The average compensation at Centre For Homeownership & Economic Development during 2022 was $128,260. There are 2 employees and 10 volunteers at Centre For Homeownership & Economic Development.
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- Compensation: $118,900
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Official website here: www.homeownershipcentre-ed.org
Where can I find the form 990 for Centre For Homeownership & Economic Development?
Centre For Homeownership & Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homeownershipcentre-ed.org
Learn more at the official website: www.homeownershipcentre-ed.org
Mission Statement of Centre For Homeownership & Economic Development
The Centre for Homeownership & Economic Development is committed to enriching and educating lives by offering various services. Its mission is multifaceted, focusing on housing counseling services, financial literacy, homeownership opportunities, job services, business solutions, and economic development. By providing these resources, the organization aims to support innovative approaches in both urban and rural communities, focusing on health and wellness, economic stability, affordable housing, financial independence, job creation, business development, and small business training.
In addition to these primary services, the Centre for Homeownership & Economic Development extends its reach to non-medical housing services under the Healthy Opportunity Pilot Program. This program is designed to address the unique needs of individuals and families in various communities across North Carolina. Furthermore, the organization offers mental health care, substance abuse counseling, and peer support counseling in five catchment areas throughout the state. By providing these comprehensive services, the Centre for Homeownership & Economic Development seeks to empower individuals and families, helping them achieve stability and independence in their lives.
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Impact
October, 2024
The Centre For Homeownership & Economic Development significantly impacts communities by enriching and educating lives through a comprehensive range of services. By offering housing counseling, financial literacy programs, and homeownership opportunities, it empowers individuals to achieve economic stability and independence.
In both urban and rural settings, the organization promotes innovative approaches to enhance health and wellness, creating pathways to affordable housing and sustainable job opportunities. Its focus on business solutions and small business training fosters local economic development, driving growth and resilience in communities.
Moreover, through initiatives like the Healthy Opportunity Pilot Program, it addresses non-medical housing needs while also providing essential mental health care, substance abuse counseling, and peer support services. This holistic approach not only improves individual circumstances but also strengthens the fabric of the community, contributing to long-term prosperity and well-being across five catchment areas in North Carolina.
This information is meant to be a general summary of Centre For Homeownership & Economic Development. 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: $194,116
- Program Service Revenue: $55,367
- Gross Receipts: $1,177,857
Assets and Liabilities:
- Total Assets: $1,002,739
- Total Liabilities: $350,543
- Net Assets: $652,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$43,392
RENTAL INCOME
Revenue
$11,975
Organization Details
Founding Year
2010
Phone
(919) 241-4718Principal Officer
James Stroud
Main Address
960 CORPORATE DRIVE SUITE 405, HILLSBOROUGH, NC, 27278
NTEE Category
Code: B90 - Education
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