Overview
What is Homeownership Center Of Greater Dayton Inc?
Homeownership Center of Greater Dayton Inc is a nonprofit organization based in Dayton, Ohio, located at 130 W 2nd Street 1420. Its primary mission is to empower residents to achieve and sustain homeownership and financial success. They accomplish this through a variety of services, including pre-purchase education and coaching for potential homebuyers, guidance on mortgage underwriting guidelines, financing, and refinancing, financial literacy training, home maintenance classes, and assistance in securing resources to achieve homeownership goals. The organization also offers post-purchase counseling, reverse mortgage counseling, and mortgage delinquency intervention. Furthermore, they disseminate marketing and consumer information about housing opportunities, lending programs, and local resources, as well as provide down payment assistance. Their mission is to help consumers attain their homeownership aspirations.
Official website here: www.homeownershipdayton.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Homeownership Center of Greater Dayton Inc has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong performance in accountability and financial management. The rating is entirely based on its Accountability & Finance score, which indicates a high level of transparency and effective governance. The organization boasts an independent board with all members meeting the criteria for independence.
The financial metrics are particularly impressive, with a program expense ratio of 86.94%, meaning the vast majority of its resources are directed towards its programs. Additionally, the organization has a low liabilities to assets ratio of 32.74%, indicating a sound financial position. Policies such as conflict of interest, whistleblower, and document retention are well established, contributing to its overall accountability.
There are no significant limitations noted in the data, suggesting that the Homeownership Center of Greater Dayton Inc is well-managed and effectively fulfills its mission without any apparent financial or governance issues. This strong performance underscores its commitment to responsible stewardship of donations and resources.
This AI summary has been generated from information found on Charity Navigator.
Is Homeownership Center Of Greater Dayton Inc legitimate?
Homeownership Center Of Greater Dayton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeownership Center Of Greater Dayton 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.
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Official website here: www.homeownershipdayton.org/
What is the mission statement of Homeownership Center Of Greater Dayton Inc?
The Homeownership Center of Greater Dayton Inc's mission is centered around empowering residents to achieve and sustain homeownership and financial success. They accomplish this by offering a range of services. These include pre-purchase education and coaching for potential homebuyers, guidance on mortgage underwriting guidelines, financing, and refinancing, financial literacy training, home maintenance classes, and assistance in securing resources for homeownership goals. Post-purchase counseling, reverse mortgage counseling, and mortgage delinquency intervention are also part of their services. Additionally, they provide consumer information about housing opportunities, lending programs, and local resources, as well as offering downpayment assistance.
Official website here: www.homeownershipdayton.org/
Who is the CEO of Homeownership Center Of Greater Dayton Inc?
Stephen Naas is the Director/Chair (Dec-Sept) of Homeownership Center Of Greater Dayton Inc.
Official website here: www.homeownershipdayton.org/
What is the revenue of Homeownership Center Of Greater Dayton Inc?
Homeownership Center Of Greater Dayton Inc's revenue in 2022 was $1,516,271.
Official website here: www.homeownershipdayton.org/
Who are the executives of Homeownership Center Of Greater Dayton Inc and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.homeownershipdayton.org/
Where can I find the form 990 for Homeownership Center Of Greater Dayton Inc?
Homeownership Center Of Greater Dayton Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homeownershipdayton.org/
Learn more at the official website: www.homeownershipdayton.org/
Mission Statement of Homeownership Center Of Greater Dayton Inc
The Homeownership Center of Greater Dayton Inc is dedicated to empowering residents to achieve and sustain homeownership and financial success. This nonprofit organization strives to assist consumers in achieving their homeownership goals by providing a variety of services. These services include pre-purchase education and coaching for potential homebuyers, guidance on mortgage underwriting guidelines, financing, and refinancing, financial literacy training, home maintenance classes, and assistance in securing available resources to achieve homeownership goals. The center also offers post-purchase counseling, reverse mortgage counseling, and mortgage delinquency intervention. Additionally, it markets and provides consumer information about housing opportunities, lending programs, and local resources, as well as downpayment assistance. In essence, the Homeownership Center of Greater Dayton Inc plays a significant role in supporting individuals on their journey towards homeownership.
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Impact
October, 2024
Homeownership Center of Greater Dayton Inc plays a vital role in transforming the lives of residents by empowering them to achieve and sustain homeownership and financial success. Through its diverse array of services, the organization facilitates pre-purchase education and coaching for potential homebuyers, ensuring they are well-informed about mortgage underwriting guidelines, financing options, and the complexities of home buying.
The center also provides essential financial literacy training, equipping individuals with the knowledge needed to manage their finances effectively. Home maintenance classes further add value, teaching homeowners how to care for and preserve their investments. This multi-faceted approach extends assistance to both current and potential homeowners, helping them secure available resources to reach their homeownership goals.
Additionally, the organization addresses ongoing challenges with services like post-purchase counseling, reverse mortgage counseling, and mortgage delinquency intervention, ensuring that homeowners have the support they need even after acquiring their homes. By offering marketing and consumer information about housing opportunities and lending programs, Homeownership Center of Greater Dayton enhances community awareness and engagement.
Through their neighborhood development grants, they contribute to comprehensive neighborhood planning and fund home repairs, reinforcing their commitment to not just individual households but the wider Dayton community. This holistic model fosters a sense of stability and growth, ultimately uplifting neighborhoods and promoting a sustainable path to homeownership for residents.
This information is meant to be a general summary of Homeownership Center Of Greater Dayton 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: $274
- Program Service Revenue: $82,234
- Gross Receipts: $1,516,271
Assets and Liabilities:
- Total Assets: $1,396,257
- Total Liabilities: $457,237
- Net Assets: $939,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEBT MGMT/CREDIT COUNS
Revenue
$45,689
COUNSELING/EDUCATION
Revenue
$36,545
Organization Details
Founding Year
2002
Phone
(937) 225-6328Principal Officer
Stephen Naas
Main Address
130 W 2ND STREET 1420, DAYTON, OH, 45402
Website
www.homeownershipdayton.org/NTEE Category
Code: P51 - Human services
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