Overview
What is Holy Name Housing Corporation?
Holy Name Housing Corporation (HNHC) is a multifaceted community development organization headquartered in Omaha, Nebraska. Acting as an owner, general partner, construction contractor, developer, manager, and supportive services provider, HNHC is a one-stop-shop for transforming vacant lots and substandard properties into affordable and sustainable housing. HNHC's primary objective is to revitalize Omaha and its neighboring communities. Their unique rent-to-own program equips low to moderate-income families with an affordable living space, an escrow account, and essential supportive services. These services encompass individualized case management and educational resources on budgeting, credit, mortgage lending, and maintenance. HNHC's mission is to empower families and contribute to the overall improvement of their neighborhoods.
Official website here: www.holynamehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Holy Name Housing Corporation has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization demonstrates exceptional management practices, with a perfect score for independent board members and strong oversight in financial audits. Their program expense ratio is impressive at 95.75%, highlighting a commitment to putting donations toward direct services.
User feedback suggests that Holy Name Housing Corporation excels in community engagement and responsiveness, earning a 100% score in feedback collection and usage. The organization has implemented effective equity strategies and policies, as reflected in their high equity scores, promoting inclusive practices within their operations.
However, while the ratings are overwhelmingly positive, it is important to note that potential donors and supporters should continue to monitor the organization’s ongoing impact and community feedback to ensure alignment with their personal values and goals. Overall, Holy Name Housing Corporation appears to be a well-run nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Name Housing Corporation legitimate?
Holy Name Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Name Housing Corporation 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: $236,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,474
For more financial information, click here
Official website here: www.holynamehousing.org
What is the mission statement of Holy Name Housing Corporation?
The Holy Name Housing Corporation (HNHC) is a community development organization dedicated to revitalizing neighborhoods by constructing new homes and renovating substandard properties. As a unique "one stop shop," HNHC assumes various roles including owner, general partner, construction contractor, developer, manager, and supportive services provider for its housing developments. HNHC's primary goal is to make housing affordable and sustainable for low to moderate income families, providing them with an opportunity to purchase homes through a rent-to-own program. This program offers tenants an affordable place to live and an escrow account as part of their rent, along with supportive services. These services include individualized case management and education on essential skills such as budgeting, credit, mortgage lending, and maintenance.
Official website here: www.holynamehousing.org
Who is the CEO of Holy Name Housing Corporation?
Same As C Above is the Principal Officer of Holy Name Housing Corporation.
Official website here: www.holynamehousing.org
What is the revenue of Holy Name Housing Corporation?
Holy Name Housing Corporation's revenue in 2022 was $11,884,709.
Official website here: www.holynamehousing.org
Who are the executives of Holy Name Housing Corporation and what are their salaries?
The average compensation at Holy Name Housing Corporation during 2022 was $35,522. There are 17 employees at Holy Name Housing Corporation.
Here are 16 key members and their salaries:
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Official website here: www.holynamehousing.org
Where can I find the form 990 for Holy Name Housing Corporation?
Holy Name Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holynamehousing.org
Learn more at the official website: www.holynamehousing.org
Mission Statement of Holy Name Housing Corporation
Holy Name Housing Corporation (HNHC) is a unique community development organization dedicated to revitalizing neighborhoods in Omaha and beyond. As a one-stop shop, HNHC assumes various roles - owner/general partner, construction contractor, developer, manager, and supportive services provider - for its housing developments. HNHC's primary objective is to construct new homes on vacant lots and renovate substandard properties, making them affordable and sustainable living options for low to moderate income families.
The cornerstone of HNHC's mission is its Rent to Own program, which goes beyond just providing an affordable place to live for eligible families. The program offers tenants an escrow account as part of their monthly rent, serving as a savings account for future homeownership. In addition to this financial support, HNHC provides supportive services designed to help tenants prepare for homeownership. These services include individualized case management and educational workshops on essential topics such as budgeting, credit management, mortgage lending, and home maintenance. Through these initiatives, HNHC empowers its tenants to secure a stable and sustainable future.
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Impact
October, 2024
Holy Name Housing Corporation plays a vital role in revitalizing neighborhoods in Omaha and its surroundings by taking a multifaceted approach to community development. By constructing new homes on vacant lots and renovating substandard properties, they help to enhance the physical landscape and livability of the community.
Their innovative rent-to-own program specifically targets low to moderate-income families, providing them with a practical pathway to homeownership. This program allows families to live affordably while also contributing to their future stability. Each month’s rent builds equity through an escrow account, which supports the goal of making housing both attainable and sustainable.
Moreover, Holy Name Housing Corporation offers essential supportive services, including individualized case management and education on budgeting, credit, mortgage lending, and property maintenance. These services empower families with the knowledge and skills needed to navigate the complexities of homeownership successfully.
Overall, Holy Name Housing Corporation’s integrated approach not only addresses immediate housing needs but also fosters long-term economic stability and community strength. Their efforts significantly contribute to improved quality of life for residents while enhancing the vibrancy of Omaha neighborhoods.
This information is meant to be a general summary of Holy Name Housing Corporation. 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: $160,746
- Program Service Revenue: $9,681,810
- Gross Receipts: $12,019,582
Assets and Liabilities:
- Total Assets: $22,109,474
- Total Liabilities: $10,337,655
- Net Assets: $11,771,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION OF RENTAL PROPERTY
Revenue
$9,745,488
Organization Details
Founding Year
1982
Phone
(402) 453-6100Principal Officer
Same As C Above
Main Address
4324 FORT STREET, OMAHA, NE, 68111
Website
www.holynamehousing.orgNTEE Category
Code: L21 - Housing
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