Overview
What is Dupage Homeownership Center Inc?
Dupage Homeownership Center Inc, located in Wheaton, Illinois, is a nonprofit organization dedicated to promoting responsible and sustainable homeownership. Their primary mission is to assist homeowners in financial distress, offering free workshops and individual counseling to prevent foreclosures. Additionally, they provide free reverse mortgage counseling to senior homeowners, helping them explore options to boost their income and maintain independence. The center has a special focus on serving first-time homebuyers, low-and moderate-income households, and homeowners facing financial crises. With a team of 16 dedicated individuals, Dupage Homeownership Center Inc is committed to empowering homeowners in need and fostering stable and secure housing communities.
Official website here: www.dhoc.org
Is Dupage Homeownership Center Inc legitimate?
Dupage Homeownership Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dupage Homeownership Center 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: $86,376
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,345
For more financial information, click here
Official website here: www.dhoc.org
What is the mission statement of Dupage Homeownership Center Inc?
The Dupage Homeownership Center Inc's mission is centered around promoting responsible and sustainable homeownership. With a focus on serving first-time homebuyers, low-and moderate-income households, and homeowners in crisis, the organization aims to make homeownership more accessible. They offer various services, including free workshops and individual counseling to help homeowners in financial crisis avoid foreclosure, and free reverse mortgage counseling to assist senior homeowners in exploring options to increase their cash flow and maintain independence. The organization's mission is essentially to make homeownership a more achievable goal for those who might otherwise struggle with it.
Official website here: www.dhoc.org
What is the revenue of Dupage Homeownership Center Inc?
Dupage Homeownership Center Inc's revenue in 2024 was $658,260.
Official website here: www.dhoc.org
Who are the executives of Dupage Homeownership Center Inc and what are their salaries?
The average compensation at Dupage Homeownership Center Inc during 2024 was $49,715. There are 8 employees and 110 volunteers at Dupage Homeownership Center Inc.
Here are 11 key members and their salaries:
- Compensation: $78,524
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Official website here: www.dhoc.org
Where can I find the form 990 for Dupage Homeownership Center Inc?
Dupage Homeownership Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.dhoc.org
Learn more at the official website: www.dhoc.org
Mission Statement of Dupage Homeownership Center Inc
Dupage Homeownership Center Inc is committed to advocating for responsible and sustainable homeownership, with a particular focus on assisting first-time homebuyers, low-income households, and homeowners in crisis. The organization's mission is to promote a housing environment that is both stable and secure, ensuring that individuals and families can maintain their homes without facing financial hardships.
To achieve this, Dupage Homeownership Center Inc offers a range of services. They provide free workshops and individual counseling to help homeowners in financial crisis avoid foreclosure. These sessions aim to equip homeowners with the necessary tools and strategies to manage their finances effectively and prevent their homes from being repossessed. Additionally, the center offers reverse mortgage counseling for senior homeowners, allowing them to objectively explore options that can enhance their cash flow and preserve their independence.
In essence, Dupage Homeownership Center Inc is dedicated to fostering a community where homeownership is sustainable and accessible to all, regardless of their income level. By providing practical guidance and resources, the organization empowers homeowners to manage their finances responsibly, thereby promoting financial stability and reducing the risk of home loss.
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Impact
October, 2024
Dupage Homeownership Center Inc actively promotes responsible and sustainable homeownership, particularly focusing on first-time homebuyers, low- and moderate-income households, and homeowners facing financial crises. Through its range of services, the organization provides essential homeownership preservation assistance, including free workshops and individual counseling aimed at helping homeowners navigate financial difficulties and prevent foreclosure.
In addition, Dupage Homeownership Center offers complimentary reverse mortgage counseling, tailored for senior homeowners. This service empowers seniors to explore options that can enhance their cash flow while preserving their independence. The impact of these initiatives is significant, as they not only support individuals in maintaining their homes but also contribute to overall community stability by fostering sustainable homeownership practices. By equipping individuals with the knowledge and resources to make informed decisions, the organization plays a vital role in promoting financial resilience and preventing housing instability within the community.
This information is meant to be a general summary of Dupage Homeownership Center 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 2024.
- Investment Income: $14,734
- Program Service Revenue: $20,172
- Gross Receipts: $658,260
Assets and Liabilities:
- Total Assets: $607,069
- Total Liabilities: $47,504
- Net Assets: $559,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Credit Report Fees
Revenue
$15,239
Program Fees
Revenue
$4,933
Organization Details
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