Overview
What is National Faith Homebuyers?
National Faith Homebuyers is a nonprofit organization situated in Detroit, Michigan, specifically at 615 Griswold Street Suite 506. The primary objective of this organization is to aid families in their journey towards first-time homeownership. They offer valuable information and resources to facilitate this process, serving as a supportive guide throughout the home buying journey. The organization's mission is focused on empowering families, providing them with the necessary tools and knowledge needed to navigate the complex world of real estate ownership.
Official website here: www.nationalfaith.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
National Faith Homebuyers has garnered a Two-Star rating from Charity Navigator, reflecting a score of 64% which indicates some strengths but notable areas for improvement. The organization excels in key governance metrics, having an independent board and demonstrating responsible management of its assets, as evidenced by its high program expense ratio of 84.26%. This suggests a commitment to utilizing funds effectively for its mission-related activities.
However, the nonprofit faces significant challenges in transparency and policy adherence. The absence of essential documents such as financial statements and a conflict of interest policy raises concerns about accountability. Additionally, the lack of a whistleblower policy and other governance documents may hinder trust among stakeholders and potential donors, which is critical for long-term sustainability and credibility.
Overall, while National Faith Homebuyers shows promise in certain operational areas, its overall effectiveness is hindered by a lack of transparency and missing policies that are vital for nonprofit governance. Addressing these limitations could improve its standing and enhance donor confidence in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is National Faith Homebuyers legitimate?
National Faith Homebuyers is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Faith Homebuyers 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: $0
For more financial information, click here
Official website here: www.nationalfaith.org
What is the mission statement of National Faith Homebuyers?
National Faith Homebuyers' mission is centered around providing essential information and resources for families aiming to become first-time homeowners. Their objective is to equip these families with the necessary tools to navigate the homeownership process effectively. One of their key initiatives is a downpayment assistance program, as mentioned in Wayne County.
Official website here: www.nationalfaith.org
Who is the CEO of National Faith Homebuyers?
Thaddina Haris is the Executive Di of National Faith Homebuyers.
Official website here: www.nationalfaith.org
What is the revenue of National Faith Homebuyers?
National Faith Homebuyers's revenue in 2022 was $796,485.
Official website here: www.nationalfaith.org
Who are the executives of National Faith Homebuyers and what are their salaries?
There 7 volunteers at National Faith Homebuyers.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nationalfaith.org
Where can I find the form 990 for National Faith Homebuyers?
National Faith Homebuyers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalfaith.org
Learn more at the official website: www.nationalfaith.org
Mission Statement of National Faith Homebuyers
National Faith Homebuyers is an organization dedicated to assisting families in their journey towards becoming first-time homeowners. The mission of this nonprofit is to provide the necessary information and tools required for this significant milestone. By offering these resources, National Faith Homebuyers aims to make the process of homeownership more accessible and less daunting for families. One of their key initiatives is a downpayment assistance program, which is particularly beneficial for those who may be struggling to save enough for such a large upfront cost. This program, operated through Wayne County, is an integral part of National Faith Homebuyers' mission to support families in achieving their dream of homeownership.
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Impact
July, 2024
National Faith Homebuyers has a significant impact on families in Detroit, Michigan by providing them with the necessary information and tools for first-time home ownership. Through their down payment assistance program in partnership with Wayne County, they help make the dream of owning a home a reality for many individuals and families. This impact is crucial in empowering families to achieve stability and financial security through home ownership.
This information is meant to be a general summary of National Faith Homebuyers. 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: $136,654
- Gross Receipts: $796,485
Assets and Liabilities:
- Total Assets: $1,863,848
- Total Liabilities: $1,012,629
- Net Assets: $851,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEBUYER PROGRAM
Revenue
$90,804
DOWNPAYMENT ASSISTANCE PROG
Revenue
$45,850
Organization Details
Founding Year
1996
Phone
(313) 255-9500Principal Officer
Thaddina Haris
Main Address
615 GRISWOLD ST SUITE 506, DETROIT, MI, 48226
Website
www.nationalfaith.orgNTEE Category
Code: L82 - Housing
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