Overview
What is Home Means Nevada Inc Hmn?
Home Means Nevada Inc., commonly known as HMN, is a Nevada-based nonprofit organization. Their primary role involves aiding in the Foreclosure Mediation Program (FMP) for the state, providing necessary certificates to trustees for owner-occupied properties, and facilitating the FMP process through a portal. HMN also plays a significant role in addressing the needs of distressed homeowners and renters. They administered a temporary Rental Eviction Mediation Program from 2020 to 2022, following legislative actions in 2020 and 2021. During this period, HMN served as the program's administrator and was tasked with creating an electronic form for landlord rental assistance programs. With approximately 3 employees, HMN's mission is to provide systems, information, and assistance to support distressed homeowners and renters in Nevada. They work closely with the state's legislature to implement programs aimed at addressing housing-related challenges and needs.
Official website here: www.homemnv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Home Means Nevada Inc has received an 81% rating from Charity Navigator, which signifies a Three-Star rating based on a comprehensive assessment of its accountability and finance. The charity excels in governance, demonstrated by its fully independent board with eight members, and has robust financial management practices, including a perfect score for its audit process.
The organization maintains high transparency standards, as reflected in its adherence to policies like conflict of interest, whistleblower protection, and document retention. Additionally, it has successfully ensured that no material diversion of assets has occurred, reaffirming its commitment to responsible stewardship of funds.
Despite its strong financial metrics, such as a program expense ratio of approximately 93.94%, which indicates that a substantial majority of its expenditures are dedicated to programs rather than administrative costs, further context regarding its programmatic impact would provide a more comprehensive understanding of its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Home Means Nevada Inc Hmn legitimate?
Home Means Nevada Inc Hmn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Means Nevada Inc Hmn 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: $73,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,942
For more financial information, click here
Official website here: www.homemnv.org
What is the mission statement of Home Means Nevada Inc Hmn?
Home Means Nevada Inc., as a state-affiliated nonprofit organization, is committed to providing assistance to address the challenges and needs of distressed homeowners and renters in Nevada. The organization administers the State's Foreclosure Mediation Program, instituted with Senate Bill 490, and also managed a temporary Rental Eviction Mediation Program for a specific period. After the passage of Senate Bill I during the 32nd Special Session of the Nevada Legislature (2020), HMN took on the role of administering the Rental Eviction Mediation Program until its conclusion on December 31, 2022. Furthermore, Assembly Bill 486, passed during the 81st Regular Session of the Nevada Legislature (2021), extended the Rental Eviction Mediation Program and required HMN to develop an electronic form for landlord rental assistance programs through designated social services agencies. In essence, Home Means Nevada Inc. is dedicated to supporting vulnerable homeowners and renters in Nevada by providing necessary systems, information, and assistance.
Official website here: www.homemnv.org
Who is the CEO of Home Means Nevada Inc Hmn?
Perry Faigin is the Ops Mgr of Home Means Nevada Inc Hmn.
Official website here: www.homemnv.org
What is the revenue of Home Means Nevada Inc Hmn?
Home Means Nevada Inc Hmn's revenue in 2023 was $1,720,464.
Official website here: www.homemnv.org
Who are the executives of Home Means Nevada Inc Hmn and what are their salaries?
The average compensation at Home Means Nevada Inc Hmn during 2023 was $51,147. There are 3 employees at Home Means Nevada Inc Hmn.
Here are 5 key members and their salaries:
- Compensation: $73,500
- 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.homemnv.org
Where can I find the form 990 for Home Means Nevada Inc Hmn?
Home Means Nevada Inc Hmn's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.homemnv.org
Learn more at the official website: www.homemnv.org
Mission Statement of Home Means Nevada Inc Hmn
Home Means Nevada Inc., as a state-affiliated nonprofit organization, is committed to addressing the challenges and needs of distressed homeowners and renters in Nevada. The organization plays a crucial role in providing systems, information, and assistance to help navigate these challenges. One of its key responsibilities is administering the State's Foreclosure Mediation Program, established with Senate Bill 490. Additionally, it implemented a temporary Rental Eviction Mediation Program in response to the 32nd Special Session of the Nevada Legislature (2020). The Nevada Supreme Court adopted rules for this program, and Home Means Nevada Inc. was appointed as its administrator on October 14, 2020.
Furthermore, Home Means Nevada Inc. extended the Rental Eviction Mediation Program through Assembly Bill 486, passed during the 81st Regular Session of the Nevada Legislature (2021). This extension included a requirement for the organization to create an electronic form for landlord rental assistance programs through designated social services agencies. It's worth noting that the Rental Eviction Mediation program concluded on December 31, 2022.
In essence, Home Means Nevada Inc. serves as a vital resource for distressed homeowners and renters in Nevada, offering assistance and mediation programs to help navigate the complex challenges of foreclosure and rental eviction. By administering these programs, the organization aims to provide a more stable and secure living situation for individuals and families in need.
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
Home Means Nevada Inc (HMN) has had a significant impact by providing vital assistance to distressed homeowners and renters in the state of Nevada. As the administrator of the State's Foreclosure Mediation Program, HMN has played a crucial role in helping individuals facing the challenges of foreclosure navigate the mediation process.
Additionally, HMN's involvement in the Rental Eviction Mediation Program has been essential in providing temporary relief and solutions for renters in Nevada. By extending and expanding this program through legislative actions such as Senate Bill 1 and Assembly Bill 486, HMN has continued to address the needs of those at risk of eviction and provided essential support to both tenants and landlords.
Overall, HMN's efforts have directly contributed to mitigating housing crises, fostering stability for residents, and promoting access to essential housing resources for the community in Nevada.
This information is meant to be a general summary of Home Means Nevada Inc Hmn. 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 2023.
- Investment Income: $220
- Gross Receipts: $1,720,464
Assets and Liabilities:
- Total Assets: $34,238
- Total Liabilities: $32,961
- Net Assets: $1,277
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(702) 486-8180Principal Officer
Perry Faigin
Main Address
3300 W Sahara Avenue 480, Las Vegas, NV, 89102
Website
www.homemnv.orgNTEE Category
Code: L80 - Housing
If you are a representative of Home Means Nevada Inc Hmn 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.