Overview
What is Homevision Development Inc?
Homevision Development Inc is a nonprofit organization committed to constructing multiple dwelling units. Their primary mission is to offer affordable housing opportunities to low-income families, thereby enabling them to become homeowners. Through their construction projects, they aim to address the housing needs of these families, contributing positively to their living standards.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
Homevision Development Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are serious areas needing enhancement. The organization scored a perfect 100% in accountability and finance metrics, particularly excelling in areas such as having an independent board and no material diversion of assets.
However, the nonprofit has notable deficiencies in transparency, as evidenced by the absence of key policies like conflict of interest and whistleblower protections. Additionally, the organization failed to list its website on its tax forms, contributing to a lower overall score in transparency-related metrics. With a program expense ratio of 62.13%, there is room for improvement in how funds are allocated towards programs versus administrative expenses.
This AI summary has been generated from information found on Charity Navigator.
Is Homevision Development Inc legitimate?
Homevision Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homevision Development 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: $0
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What is the mission statement of Homevision Development Inc?
Homevision Development Inc is committed to constructing multiple dwelling units with the primary goal of providing affordable housing opportunities for low-income families. This mission statement aligns with their objective of extending the possibility of home ownership to families who may not otherwise be able to afford it. By focusing on affordable housing, Homevision Development Inc contributes to the broader societal goal of ensuring that everyone has access to a place to call home. Their construction projects aim to make home ownership a reality for families who require financial assistance, thereby promoting stability and improved living conditions for these families.
Who is the CEO of Homevision Development Inc?
Kenneth Pushko is the Secretary/Treasurer of Homevision Development Inc.
What is the revenue of Homevision Development Inc?
Homevision Development Inc's revenue in 2022 was $20,210.
Who are the executives of Homevision Development Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Homevision Development Inc?
Homevision Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homevision Development Inc
Homevision Development, a nonprofit organization, is committed to providing affordable housing solutions. Their primary mission is to construct multiple dwelling units, making homeownership an attainable goal for low-income families. By constructing and offering these affordable housing units, Homevision Development aims to contribute to the betterment of these families' living conditions and provide them with a stable and secure home environment.
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Impact
August, 2024
Homevision Development Inc's impact lies in its mission to provide affordable housing to low-income families. By constructing multiple dwelling units, the organization offers the opportunity for home ownership to those who might not otherwise have access to it. This directly improves the quality of life for individuals and families in need by providing stable and secure housing options. Homevision Development Inc's work helps to address the pressing issue of housing affordability and contributes to creating stronger, more resilient communities.
This information is meant to be a general summary of Homevision Development 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: $330
- Gross Receipts: $42,655
Assets and Liabilities:
- Total Assets: $328,113
- Total Liabilities: $92
- Net Assets: $328,021
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Organization Details
Founding Year
2002
Phone
(732) 499-0066Principal Officer
Kenneth Pushko
Main Address
165 EAST GRAND AVENUE, RAHWAY, NJ, 07065
NTEE Category
Code: L20 - Housing
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