Overview
What is Usa Homeownership Foundation Inc?
Usa Homeownership Foundation Inc is a nonprofit organization situated in Corona, California, with a mission to enhance the lives of military service members and veterans. Their primary focus lies in the real estate sector, where they have successfully renovated and sold 29 homes at reduced prices to eligible active duty personnel and veterans. The organization generously covers escrow fees and other expenses during the renovation period, further assisting these individuals in their home ownership journey. Beyond housing, Usa Homeownership Foundation Inc also engages in philanthropic activities to support the well-being of its target group. With a dedicated team of 23 employees, the foundation continues its mission to improve the lives of service members and veterans through education, housing, and charitable initiatives.
Official website here: www.varep.net
What are the reviews and ratings of this charity?
Charity Navigator Rating 92%
The Usa Homeownership Foundation Inc has received a high rating of 92% from Charity Navigator, earning it a prestigious Four-Star out of Four Stars designation. This rating highlights the organization’s strong performance in accountability and finance, indicating a commitment to transparency and responsible management of its resources.
Strengths of the foundation include a fully independent board, which scores a perfect 10 out of 10, and several robust policies in place, such as conflict of interest and whistleblower policies. The organization also demonstrates financial strength with a favorable liabilities-to-assets ratio and a high program expense ratio, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the organization’s data shows remarkable financial health and governance practices, specific user feedback and program impact details are not included in the available information. This means that while the financial and governance aspects are commendable, further insights into the actual impact of the foundation’s programs on the community would provide a more rounded view of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Usa Homeownership Foundation Inc legitimate?
Usa Homeownership Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Homeownership Foundation 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $791,506
For more financial information, click here
Official website here: www.varep.net
What is the mission statement of Usa Homeownership Foundation Inc?
The U.S.A. Homeownership Foundation Inc's mission is centered around enhancing the lives of service members and veterans. They accomplish this through three primary avenues: education, housing, and philanthropy. The organization actively works towards this mission by developing and rehabilitating homes, subsequently selling them at reduced prices to active military personnel and veterans. Furthermore, the Foundation assumes the responsibility of covering escrow fees and other expenses during the rehabilitation period to make the home purchasing process more accessible for these individuals.
Official website here: www.varep.net
Who is the CEO of Usa Homeownership Foundation Inc?
Son Nguyen is the Secretary of Usa Homeownership Foundation Inc.
Official website here: www.varep.net
What is the revenue of Usa Homeownership Foundation Inc?
Usa Homeownership Foundation Inc's revenue in 2022 was $5,441,843.
Official website here: www.varep.net
Who are the executives of Usa Homeownership Foundation Inc and what are their salaries?
The average compensation at Usa Homeownership Foundation Inc during 2022 was $38,761. There are 23 employees and 350 volunteers at Usa Homeownership Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $121,250
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.varep.net
Where can I find the form 990 for Usa Homeownership Foundation Inc?
Usa Homeownership Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.varep.net
Learn more at the official website: www.varep.net
Mission Statement of Usa Homeownership Foundation Inc
Usa Homeownership Foundation Inc is dedicated to enhancing the lives of service members and veterans. Their mission, as stated, is to achieve this improvement through education, housing, and philanthropy. To put it simply, this organization aims to empower these individuals by providing them with the necessary resources and support in these three critical areas.
In practice, Usa Homeownership Foundation Inc has demonstrated its commitment to this mission by developing and rehabilitating 29 homes. These homes were then sold at discounted prices to active duty military personnel and veterans. Furthermore, the organization covered the escrow fees and other expenses during the rehabilitation period, making homeownership more accessible and affordable for these deserving individuals.
In essence, Usa Homeownership Foundation Inc is a beacon of hope and support for service members and veterans. By focusing on education, housing, and philanthropy, they are helping these individuals build a stable and fulfilling future. Their mission is not just a statement, but a tangible commitment to improving the lives of those who have served our country with honor and dedication.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Usa Homeownership Foundation Inc has made a significant impact by improving the lives of service members and veterans through education, housing, and philanthropy. The organization has developed and rehabilitated 29 homes, which were then sold at discounted purchase prices to active duty military and veterans. Additionally, Usa Homeownership Foundation Inc covered the escrow fees and other expenses during the rehabilitation period, making homeownership more accessible to those who have served our country. This impactful work directly benefits service members and veterans, providing them with housing opportunities and support in their transition to civilian life.
This information is meant to be a general summary of Usa Homeownership Foundation 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: $9,959
- Program Service Revenue: $2,605,147
- Gross Receipts: $6,325,104
Assets and Liabilities:
- Total Assets: $3,434,411
- Total Liabilities: $531,403
- Net Assets: $2,903,008
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Class Fees
Revenue
$5,836
Conference Registration
Referral Fees
Revenue
$2,311
Sale of Rehab Real Estate
Revenue
$2,597,000
Organization Details
Founding Year
2011
Phone
(951) 870-0369Principal Officer
Son Nguyen
Main Address
495 E Rincon St 110, Corona, CA, 92879
Website
www.varep.netNTEE Category
Code: P51 - Human services
If you are a representative of Usa Homeownership Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.