Overview
What is Homes On The Hill Community Development Corp?
Homes On The Hill Community Development Corp, situated in Columbus, Ohio, is a dedicated nonprofit organization with a mission to enhance neighborhoods. They specialize in offering affordable housing solutions, advocacy, education, and supportive services primarily for individuals and families with low to moderate incomes. Their work encompasses housing counseling through HUD-approved programs, enabling individuals to establish financial goals, monitor their progress, and cultivate sensible money habits. Homes On The Hill assists home buyers in accessing Ohio Housing Finance Agency's programs, promotes fair housing rights, and provides resources for downpayment assistance for homebuyers and rental assistance for renters. Furthermore, their Landlord Engagement Action Network (LEAN) offers educational and networking opportunities for landlords within the Hilltop neighborhood, contributing to the overall improvement of the community.
Official website here: www.hoth-cdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Homes On The Hill Community Development Corp has received a solid rating of 88%, indicating a strong performance in its accountability and financial practices. This rating primarily stems from an exceptional score in their accountability measures, showcasing that the organization maintains a high level of transparency and governance. With an independent board composed entirely of independent members, they demonstrate commitment to ethical oversight and decision-making.
The organization has also excelled in financial stewardship, with a notable program expense ratio of 82.18%. This suggests that a significant portion of their expenses is directed towards their programs, which is a positive sign for donors looking for impact-driven nonprofits. Furthermore, there are no reports of material asset diversion, and they have robust policies in place regarding conflict of interest and whistleblower protections.
However, one area where the nonprofit could improve is the liabilities to assets ratio, which stands at 60.75%. While this is not alarming, it indicates that the organization may have room for enhancement in managing its liabilities relative to its assets. Overall, Homes On The Hill Community Development Corp appears to be a responsible and accountable nonprofit, making it a promising option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Homes On The Hill Community Development Corp legitimate?
Homes On The Hill Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes On The Hill Community Development Corp 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: $370,091
For more financial information, click here
Official website here: www.hoth-cdc.org
What is the mission statement of Homes On The Hill Community Development Corp?
Homes On The Hill Community Development Corp's mission is centered around enhancing neighborhoods by offering high-quality, affordable housing, advocacy, education, and supportive services to individuals and families who primarily fall under the low-to-moderate income bracket. The organization strives to empower these families through its initiatives, which include financial counseling programs, homebuyer education, and fair housing information. By setting financial goals, tracking progress, and developing sound money habits, participants can improve their financial capacity and prevent foreclosure or enhance their rental situation. Moreover, Homes On The Hill assists homebuyers in accessing downpayment assistance and renters in securing rental assistance. The organization also engages with landlords in the Hilltop neighborhood through its Landlord Engagement Action Network (LEAN), providing education and networking opportunities.
Official website here: www.hoth-cdc.org
Who is the CEO of Homes On The Hill Community Development Corp?
Stephen Torsell is the Executive Director of Homes On The Hill Community Development Corp.
Official website here: www.hoth-cdc.org
What is the revenue of Homes On The Hill Community Development Corp?
Homes On The Hill Community Development Corp's revenue in 2022 was $995,563.
Official website here: www.hoth-cdc.org
Who are the executives of Homes On The Hill Community Development Corp and what are their salaries?
The average compensation at Homes On The Hill Community Development Corp during 2022 was $6,609. There are 56 employees at Homes On The Hill Community Development Corp.
Here are 15 key members and their salaries:
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- Other: $6,508
- Compensation: $79,994
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- Other: $11,594
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- Other: $1,835
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Official website here: www.hoth-cdc.org
Where can I find the form 990 for Homes On The Hill Community Development Corp?
Homes On The Hill Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hoth-cdc.org
Learn more at the official website: www.hoth-cdc.org
Mission Statement of Homes On The Hill Community Development Corp
Homes On The Hill Community Development Corp is committed to enhancing neighborhoods by offering quality, affordable housing, advocacy, education, and supportive services to individuals and families primarily within the low to moderate income bracket. The organization's mission is multifaceted, aiming to improve the financial capacity of its community members. Through its HUD-approved housing and financial counseling programs, Homes On The Hill empowers individuals to set financial goals, monitor their progress, and develop sound money management skills. This results in better-prepared homeowners and renters, with households actively working towards foreclosure prevention or enhancing their rental situations.
In addition to housing counseling, Homes On The Hill promotes fair housing practices by providing information about fair housing rights, fair lending, and accessibility. The organization assists homebuyers in accessing downpayment assistance and renters in securing rental assistance. Moreover, Homes On The Hill's Landlord Engagement Action Network (LEAN) provides educational and networking opportunities for landlords in the Hilltop neighborhood, fostering a sense of community and cooperation among property owners. By offering these comprehensive services, Homes On The Hill Community Development Corp plays a crucial role in uplifting and strengthening the neighborhoods it serves.
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Impact
October, 2024
Homes On The Hill Community Development Corp significantly impacts neighborhoods by enhancing the quality of life for individuals and families, particularly those of low and moderate incomes. Through its comprehensive housing counseling programs, it empowers participants to set and achieve financial goals, fostering better money management habits. This, in turn, leads to improved financial capacity, aiding households in foreclosure prevention and enhancing rental situations.
The initiative offers extensive homebuyer education, particularly benefiting those involved with Ohio Housing Finance Agency programs. By promoting fair housing practices, it ensures that individuals are informed about their rights regarding housing and lending, and helps mitigate barriers to homeownership. Accessibility to downpayment and rental assistance is also facilitated, making housing more attainable for those in need.
Moreover, the Landlord Engagement Action Network (LEAN) augments community ties by providing education and networking for property owners in the Hilltop neighborhood, promoting cooperative relationships that benefit both tenants and landlords. Overall, Homes On The Hill plays a pivotal role in strengthening community fabric, fostering stability, and advocating for equitable housing opportunities.
This information is meant to be a general summary of Homes On The Hill Community Development Corp. 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.
- Program Service Revenue: $183,092
- Gross Receipts: $995,563
Assets and Liabilities:
- Total Assets: $2,741,406
- Total Liabilities: $1,665,602
- Net Assets: $1,075,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$168,877
Program Fees
Revenue
$14,215
Organization Details
Founding Year
1992
Principal Officer
Stephen Torsell
Main Address
3659 Soldano Boulevard, Columbus, OH, 43228
Website
www.hoth-cdc.orgNTEE Category
Code: S20Z - Community improvement
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