Overview
What is Y Homes Inc?
Y Homes Inc, based in Elizabeth, New Jersey, is a nonprofit organization dedicated to community housing development and revitalization. Operating under the mission of the Young Men's Christian Association of Eastern Union County, their goal is to provide decent and affordable housing for low and moderate-income individuals. They work towards this mission by developing housing options and contributing to community enhancement in Elizabeth and surrounding areas. As a Community Housing Development Organization, Y Homes Inc plays a crucial role in improving living conditions and promoting infrastructure development in their local communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Y Homes Inc has earned a strong Four-Star rating from Charity Navigator, achieving an impressive overall score of 94%. This rating is predominantly derived from their high accountability and finance metrics, showcasing the organization’s commitment to transparency and effective financial management.
One of the standout features is that Y Homes Inc has a fully independent board with no material diversions of assets, which underscores its governance strength. Additionally, the charity has demonstrated comprehensive policy frameworks, with conflict of interest and whistleblower policies in place, contributing positively to its accountability. The charity also boasts a remarkable program expense ratio of 100%, indicating that all of its funds are directed towards its mission.
While the data reflects a robust operational structure and fiscal soundness, it is essential for potential donors and volunteers to consider direct engagement with the organization to understand its impact further. Overall, Y Homes Inc appears to be a well-managed nonprofit with a strong commitment to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Y Homes Inc legitimate?
Y Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Y Homes 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
For more financial information, click here
What is the mission statement of Y Homes Inc?
Y Homes Inc, as a nonprofit organization, is dedicated to supporting the mission of the Young Men's Christian Association of Eastern Union County. Their primary focus is on developing and promoting decent and affordable housing for individuals with low and moderate income, as well as contributing to community revitalization. They operate in Elizabeth, New Jersey, and surrounding communities, working towards improving living conditions and community development.
Who is the CEO of Y Homes Inc?
Melynda Disla is the Ceo Of Affiliate-Through 10/31/2022 of Y Homes Inc. The CEO's salary of Y Homes Inc is $0 and their total compensation is $264,260.
What is the revenue of Y Homes Inc?
Y Homes Inc's revenue in 2022 was $5,000.
Who are the executives of Y Homes Inc and what are their salaries?
Here are 8 key members and their salaries (Y Homes Inc's CEO's salary is $0 and their total compensation is $264,260):
- Compensation: $0
- Related: $381,685
- Other: $19,090
- Compensation: $0
- Related: $247,924
- Other: $16,336
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $224,269
- Other: $11,213
- Compensation: $0
- Related: $198,135
- Other: $17,052
Where can I find the form 990 for Y Homes Inc?
Y Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Y Homes Inc
Y Homes Inc, as a nonprofit organization, is dedicated to supporting the mission of the Young Men's Christian Association of Eastern Union County. Their primary focus is on developing and promoting decent and affordable housing for individuals with low and moderate income, as well as contributing to community revitalization. This mission is aimed at benefiting people in Elizabeth, New Jersey, and surrounding communities. By doing so, Y Homes Inc plays a significant role in enhancing living conditions and fostering a sense of community.
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Impact
October, 2024
Y Homes Inc plays a crucial role in addressing the housing needs of low and moderate-income individuals in Elizabeth, New Jersey, and its surrounding areas. By developing and promoting decent and affordable housing, the organization directly contributes to improving the living conditions for vulnerable populations. Their efforts not only provide stable housing but also foster community revitalization, helping to uplift neighborhoods and enhance the overall quality of life for residents.
Through their community housing initiatives, Y Homes Inc works to alleviate housing insecurity, making a significant impact on the local economy and social fabric. By focusing on affordable housing solutions, they help ensure that families have access to safe and quality living conditions, thereby supporting their well-being and enabling them to thrive. This commitment to community development strengthens the bond of community engagement and provides a foundation for sustainable growth and revitalization in the region.
This information is meant to be a general summary of Y Homes 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.
- Gross Receipts: $5,000
Assets and Liabilities:
- Total Assets: $3,248,680
- Total Liabilities: $0
- Net Assets: $3,248,680
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Organization Details
Founding Year
2007
Phone
(908) 249-4800Principal Officer
Melynda Disla
Main Address
144 MADISON AVENUE, ELIZABETH, NJ, 07201
NTEE Category
Code: L11 - Housing
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