Overview
What is Housing Trust Fund Of Northern Virginia?
The Housing Trust Fund of Northern Virginia, doing business as HomeAid National Capital Region, is a nonprofit organization located in Chantilly, Virginia. Their primary mission is to enhance the living conditions and promote self-sufficiency among individuals and families experiencing homelessness. They accomplish this by leveraging the resources and expertise of the homebuilding industry. HomeAid connects builders with non-profit service providers, allowing them to donate their time and materials to renovate or build housing facilities. The results include improved living spaces, increased efficiency, and substantial cost savings for the non-profits. In 2021, HomeAid received $535,000 in in-kind donations, renovating eight housing facilities with the help of eight homebuilders and nearly 100 trade partners.
Official website here: www.homeaidncr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Housing Trust Fund Of Northern Virginia, operating as HomeAid National Capital Region, has received a commendable rating of 96% from Charity Navigator, primarily reflecting its strong accountability and financial health. The organization boasts a fully independent board and has performed excellently in various categories, including financial ratio metrics and governance policies. Its commitment to fiscal responsibility and transparency highlights its effectiveness in using resources to benefit the community.
User feedback is overwhelmingly positive, with many reviewers praising the organization for its impactful work in supporting the homeless and vulnerable populations through shelter renovations and essential services. Board members, donors, and volunteers consistently commend the staff's dedication and passion for the mission, noting that HomeAid Northern Virginia plays a crucial role in providing not just shelter, but a pathway towards improved living conditions for countless individuals in need.
While the reviews are overwhelmingly favorable, some users highlighted the ongoing challenge of raising awareness about the organization and its work. Despite being a vital player in the community, there remains a need to broaden its recognition among the general public to enhance support and further its mission. Overall, HomeAid National Capital Region is seen as a beacon of hope in Northern Virginia, with a strong foundation for continued positive impact.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Housing Trust Fund Of Northern Virginia legitimate?
Housing Trust Fund Of Northern Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Trust Fund Of Northern Virginia 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: $168,939
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,271
For more financial information, click here
Official website here: www.homeaidncr.org
What is the mission statement of Housing Trust Fund Of Northern Virginia?
The Housing Trust Fund of Northern Virginia, operating under the name HomeAid National Capital Region, is dedicated to improving living conditions for families and individuals grappling with homelessness. By establishing a collaboration between homebuilders and non-profit service providers, HomeAid National Capital Region facilitates the construction and renovation of facilities designed to cater to the region's homeless population. This initiative enables builders to contribute positively to their community while maximizing the resources of other non-profit organizations, thereby creating new opportunities for those in need.
Official website here: www.homeaidncr.org
What is the revenue of Housing Trust Fund Of Northern Virginia?
Housing Trust Fund Of Northern Virginia's revenue in 2023 was $1,551,839.
Official website here: www.homeaidncr.org
Who are the executives of Housing Trust Fund Of Northern Virginia and what are their salaries?
The average compensation at Housing Trust Fund Of Northern Virginia during 2023 was $82,242. There are 5 employees and 225 volunteers at Housing Trust Fund Of Northern Virginia.
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- Compensation: $159,423
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- Other: $9,516
Official website here: www.homeaidncr.org
Where can I find the form 990 for Housing Trust Fund Of Northern Virginia?
Housing Trust Fund Of Northern Virginia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.homeaidncr.org
Learn more at the official website: www.homeaidncr.org
Mission Statement of Housing Trust Fund Of Northern Virginia
The Housing Trust Fund of Northern Virginia, commonly known as HomeAid National Capital Region, aims to transform the lives of individuals and families battling homelessness through housing and community outreach. By bridging the gap between homebuilders and non-profit service providers, HomeAid National Capital Region facilitates the construction and renovation of facilities that cater to the homeless population in the region. This collaborative approach allows builders to contribute to the community's welfare while maximizing the resources of other non-profit organizations, thereby providing much-needed shelter and support to those in need.
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Impact
October, 2024
Housing Trust Fund of Northern Virginia significantly impacts the lives of families and individuals experiencing homelessness by facilitating the development and renovation of essential housing facilities. Through partnerships with HomeAid National Capital Region, the organization leverages the resources and expertise of homebuilders to create and improve shelters that provide not just housing but also vital support services, including counseling and job training.
By connecting non-profit service providers with homebuilders and trade partners, Housing Trust Fund enables substantial renovations at a fraction of the typical cost. This collaborative approach allows for improvements in living conditions—such as updated kitchens and bathrooms, better accessibility, and enhanced safety features—while freeing up funds for non-profits to focus on essential programs and training for their clients. In 2021 alone, this model generated significant cost savings for partner organizations, allowing them to stretch resources effectively and help more individuals transition toward self-sufficiency.
Overall, the impact of Housing Trust Fund of Northern Virginia is manifested in healthier living environments for the homeless population, increased efficiency of non-profit service operations, and ultimately, the building of new lives for those in need within the community.
This information is meant to be a general summary of Housing Trust Fund Of Northern Virginia. 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 2023.
- Investment Income: $48,682
- Program Service Revenue: $251,840
- Gross Receipts: $1,716,006
Assets and Liabilities:
- Total Assets: $1,939,736
- Total Liabilities: $70,853
- Net Assets: $1,868,883
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project fee income
Revenue
$251,840
Organization Details
Founding Year
2001
Principal Officer
Rick Cole
Website
www.homeaidncr.orgNTEE Category
Code: P85 - Human services
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