Overview
What is Housing Opportunities Inc?
Housing Opportunities Inc, based in Valparaiso, Indiana, is a dedicated nonprofit organization that aims to combat and prevent homelessness in Porter and LaPorte counties. Their mission encompasses various services, such as emergency housing, permanent supportive housing, and affordable rentals. They also offer rental assistance, housing counseling, street outreach services, and supportive case management to help individuals and families avoid or exit homelessness. In the fiscal year ending June 30, 2022, they assisted 475 clients through their Rental Assistance program, including those benefiting from Covid-relief initiatives. With a workforce of 53 employees, Housing Opportunities Inc is committed to providing a comprehensive range of solutions to ensure housing stability in their local communities.
Official website here: www.hoi.help
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Housing Opportunities Inc has achieved an impressive 96% rating, underscoring its commitment to accountability and financial health. The organization boasts a fully independent board, and its oversight committees have received high marks, which enhances its credibility. The charity has demonstrated effective governance practices, including having a conflict of interest policy and a whistleblower policy in place.
The organization allocates a significant portion of its budget to programs, with a program expense ratio of 88.92%, indicating a strong focus on its mission. The low liabilities to assets ratio of 23.32% reflects prudent financial management, ensuring the organization's sustainability and ability to serve its community effectively.
Overall, Housing Opportunities Inc presents as a well-managed nonprofit with robust financial practices and transparency. No major limitations or concerns were noted in the data, reinforcing its reputation as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities Inc legitimate?
Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities 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: $184,053
Professional Fundraising Fees: $0
Other Salaries and Wages: $991,058
For more financial information, click here
Official website here: www.hoi.help
What is the mission statement of Housing Opportunities Inc?
Housing Opportunities Inc's mission is centered around addressing and preventing homelessness. They achieve this by offering various services. These include providing emergency housing, permanent supportive housing, and affordable rentals. They also offer rental assistance to prevent individuals and families from becoming homeless or help those who are currently homeless to stabilize in their new rental units. Additionally, Housing Opportunities Inc. offers housing counseling, street outreach services, and supportive case management to assist individuals in need. During the fiscal year ending June 30, 2022, they served 475 Rental Assistance clients.
Official website here: www.hoi.help
Who is the CEO of Housing Opportunities Inc?
Jordan Stanfill is the Chair of Housing Opportunities Inc. The CEO's salary of Housing Opportunities Inc is $96,600 and their total compensation is $105,000.
Official website here: www.hoi.help
What is the revenue of Housing Opportunities Inc?
Housing Opportunities Inc's revenue in 2022 was $5,592,004.
Official website here: www.hoi.help
Who are the executives of Housing Opportunities Inc and what are their salaries?
The average compensation at Housing Opportunities Inc during 2022 was $22,172. There are 53 employees and 30 volunteers at Housing Opportunities Inc.
Here are 18 key members and their salaries (Housing Opportunities Inc's CEO's salary is $96,600 and their total compensation is $105,000):
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- Compensation: $96,600
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- Compensation: $62,702
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- Other: $16,351
Official website here: www.hoi.help
Where can I find the form 990 for Housing Opportunities Inc?
Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hoi.help
Learn more at the official website: www.hoi.help
Mission Statement of Housing Opportunities Inc
Housing Opportunities Inc. is committed to addressing and preventing homelessness in two counties. Their mission is multifaceted, encompassing various services aimed at resolving and preventing homelessness. The organization provides emergency housing for individuals and families in need, offering a temporary shelter to help them stabilize. Additionally, Housing Opportunities Inc. offers permanent supportive housing, providing a long-term solution for those who require ongoing support.
Beyond housing solutions, Housing Opportunities Inc. also offers affordable rentals and rental assistance. Their Rapid Rehousing program, a critical component of their services, offers financial assistance to prevent individuals and families from becoming homeless or to help those currently experiencing homelessness to secure stable housing within their community. During the fiscal year ending in 2022, Housing Opportunities Inc. served 475 clients through this program.
In summary, Housing Opportunities Inc. is dedicated to addressing homelessness in a comprehensive manner. They offer a range of services, including emergency housing, permanent supportive housing, affordable rentals, and rental assistance, all aimed at preventing and resolving homelessness in their communities. Their mission is to ensure individuals and families have the support they need to secure stable housing and rebuild their lives.
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Impact
October, 2024
Housing Opportunities Inc. significantly impacts the communities of Porter and LaPorte counties by resolutely addressing and preventing homelessness. Through its Rental Assistance program, the organization offers crucial financial support and comprehensive services aimed at keeping individuals and families from experiencing homelessness and facilitating the rapid re-housing of those in need. In the fiscal year ending June 30, 2022, Housing Opportunities Inc. successfully housed 475 clients, demonstrating its commitment to stabilizing lives within the community.
By providing emergency housing, permanent supportive housing, affordable rentals, and essential housing counseling and outreach services, the organization fosters a more stable living environment for vulnerable populations. Its dedicated efforts not only help individuals regain stability but also contribute to the overall health and well-being of the community, promoting resilience against homelessness in the long term.
This information is meant to be a general summary of Housing Opportunities 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: -$2,262
- Program Service Revenue: $917,341
- Gross Receipts: $5,601,545
Assets and Liabilities:
- Total Assets: $10,403,121
- Total Liabilities: $2,794,767
- Net Assets: $7,608,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Property Management
Revenue
$917,341
Organization Details
Founding Year
2000
Phone
(219) 548-2800Principal Officer
Jordan Stanfill
Main Address
2001 Calumet Ave, Valparaiso, IN, 46383
Website
www.hoi.helpNTEE Category
Code: P82 - Human services
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