Overview
What is Hamilton County Area Neighborhood Development Inc?
Hamilton County Area Neighborhood Development Inc, established in 2003, is a nonprofit organization primarily focused on addressing the housing needs of low and moderate-income individuals, families, and senior citizens in Indiana. Their mission is to provide affordable housing options through the development of rental properties and assisting residents in home ownership. The organization has been recognized as a Community Housing Development Organization (CHDO) by the Indiana Housing & Community Development Authority (IHCDA). Over the years, they have completed various housing projects, such as Roper Capstone and Spicewood Gardens Apartments Phase 3, to provide affordable units for low-income individuals and elderly persons. The organization relies on earned developer fees, public and private grants, and philanthropy to fund its operations, with a renewed focus on the role of volunteers to expand services across the county.
Official website here: www.handincorporated.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Hamilton County Area Neighborhood Development Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored 92% in this category, indicating a well-managed charity with transparent practices and fiscal responsibility. The score is based entirely on its accountability and finance metrics, showcasing the nonprofit's commitment to maintaining high standards.
The organization boasts an impressive governance structure, with 100% of its board members being independent. This independence is crucial for effective oversight and decision-making, which is further supported by its robust financial statements audited by an oversight committee. Additionally, the absence of any material diversion of assets highlights the integrity of its financial practices.
While the rating underscores the strengths of Hamilton County Area Neighborhood Development Inc in terms of fiscal management, it is essential for potential donors and supporters to consider the organization's impact and programs. With a program expense ratio of 84.32%, the majority of its funds are directed toward programmatic efforts, demonstrating a dedication to its mission within the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hamilton County Area Neighborhood Development Inc?
HAND is making a notable impact in Hamilton County, as highlighted in the reviews from several users. The organization is praised for its strong focus on providing affordable housing and significant improvements for homeowners and neighborhoods, which many see as a crucial service to the community.
Though the rating is still not established due to a limited number of reviews, the sentiment expressed is overwhelmingly positive. Supporters regard it as a worthwhile cause, indicating that contributions to HAND are recognized as beneficial and meaningful.
Overall, there's a clear enthusiasm for the work being done by HAND, suggesting that its initiatives are valuable to the residents of Hamilton County and deserving of support.
This AI summary has been generated from reviews found on Facebook.
Is Hamilton County Area Neighborhood Development Inc legitimate?
Hamilton County Area Neighborhood Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamilton County Area Neighborhood 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
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Other Salaries and Wages: $254,691
For more financial information, click here
Official website here: www.handincorporated.org
What is the mission statement of Hamilton County Area Neighborhood Development Inc?
Hamilton County Area Neighborhood Development Inc's mission is centered around promoting prosperity and diversity in communities. They achieve this by providing high-quality housing solutions. The organization strives to address the housing needs of low and moderate-income individuals, families, and senior citizens. They do this by developing rental properties and assisting residents in obtaining home ownership. The corporation has a focus on supporting low-income homeowners with repairs and fostering community-building initiatives to expand services across the community. They rely on various funding sources, including earned developer fees, grants, and philanthropy, to fund their operations. The organization has completed several housing projects, including the development of new apartments and rehabilitation of vacant buildings.
Official website here: www.handincorporated.org
Who is the CEO of Hamilton County Area Neighborhood Development Inc?
Andrea Davis is the President of Hamilton County Area Neighborhood Development Inc.
Official website here: www.handincorporated.org
What is the revenue of Hamilton County Area Neighborhood Development Inc?
Hamilton County Area Neighborhood Development Inc's revenue in 2022 was $2,420,036.
Official website here: www.handincorporated.org
Who are the executives of Hamilton County Area Neighborhood Development Inc and what are their salaries?
The average compensation at Hamilton County Area Neighborhood Development Inc during 2022 was $84,897. There are 3 employees and 25 volunteers at Hamilton County Area Neighborhood Development Inc.
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Official website here: www.handincorporated.org
Where can I find the form 990 for Hamilton County Area Neighborhood Development Inc?
Hamilton County Area Neighborhood Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.handincorporated.org
Learn more at the official website: www.handincorporated.org
Mission Statement of Hamilton County Area Neighborhood Development Inc
Hamilton County Area Neighborhood Development Inc is committed to leading the promotion of prosperity and diversity in communities by providing quality housing solutions. This mission is achieved through the development of affordable housing options for low and moderate-income individuals, families, and senior citizens. The organization addresses housing needs comprehensively, from assisting residents in obtaining home ownership to developing rental properties.
In pursuit of this mission, Hamilton County Area Neighborhood Development Inc has undertaken various projects. For instance, in 2015, they completed the development of 14 new apartments, including Roper Capstone and Spicewood Gardens Apartments Phase 3. These projects provide affordable housing units for diverse groups of people, such as low-income elderly persons and families. The organization also focuses on rehabilitating vacant buildings, like the one used for Roper Capstone, to create additional housing options.
Moreover, Hamilton County Area Neighborhood Development Inc has plans to construct and operate a 10-unit community known as Home Place Gardens in Carmel. This project aims to provide housing for low-income individuals, further demonstrating the organization's dedication to its mission of promoting prosperity and diversity through quality housing solutions.
In summary, Hamilton County Area Neighborhood Development Inc is a leading organization in the promotion of prosperity and diversity in communities. By providing quality housing solutions, the nonprofit addresses the housing needs of low and moderate-income individuals, families, and senior citizens, thereby contributing to the overall well-being and diversity of the communities they serve.
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Impact
October, 2024
Hamilton County Area Neighborhood Development Inc (HAND) significantly enhances the lives of low and moderate-income individuals, families, and senior citizens by addressing critical housing needs in the community. Through the development of affordable housing options, HAND not only provides quality living environments but also promotes economic diversity and prosperity within Hamilton County.
Since its inception, HAND has taken substantial steps to provide housing solutions that are vital for those facing economic challenges. The organization has developed numerous rental properties, contributing to the local housing stock and creating safe, affordable living spaces. Projects such as the Roper Capstone and Spicewood Gardens Apartments demonstrate HAND's commitment to rehabilitating existing structures and constructing new housing units tailored to the needs of low-income residents.
In its effort to further impact the community, HAND conducted a comprehensive housing needs assessment in 2013, which informed a strategic plan targeting both immediate and long-term housing challenges. This initiative highlighted pressing housing issues and established actionable strategies that align with community needs. Programs aimed at supporting low-income homeowners with repairs and fostering grassroots community-building initiatives represent a forward-thinking approach to improving neighborhood stability and resilience.
Moreover, HAND emphasizes collaboration and sustainability through strategic partnerships and volunteer involvement, multiplying its outreach and effectiveness in service delivery. The financial backing from earned developer fees, grants, and philanthropy allows HAND to continually expand its impact across Hamilton County.
By prioritizing affordable housing development and community engagement, Hamilton County Area Neighborhood Development Inc plays a crucial role in enhancing the well-being of its residents. The organization is not just addressing housing issues; it is fostering a sense of community, ensuring equitable access to quality living conditions, and ultimately contributing to the prosperity and diversity of the region.
This information is meant to be a general summary of Hamilton County Area Neighborhood 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: $53,748
- Program Service Revenue: $590,966
- Gross Receipts: $2,448,850
Assets and Liabilities:
- Total Assets: $14,843,219
- Total Liabilities: $2,109,580
- Net Assets: $12,733,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$585,966
DEVELOPER FEE
Revenue
$5,000
Organization Details
Founding Year
2003
Phone
(317) 674-8108Principal Officer
Andrea Davis
Main Address
347 S 8TH STREET SUITE A, NOBLESVILLE, IN, 46060
Website
www.handincorporated.orgNTEE Category
Code: L25 - Housing
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