Overview
What is Home By Hand Inc?
Home By Hand Inc, based in New Orleans, Louisiana, is a nonprofit organization dedicated to revitalizing communities and providing affordable housing. Established in 2016, it operates as an affordable housing developer and community revitalization organization. Home By Hand's mission is to transform distressed neighborhoods by transforming vacant and abandoned properties into self-help housing, thereby fostering neighborhoods of opportunity. The organization recruits low and moderate-income homebuyers to participate in a sweat-equity program, where they contribute to the construction of new homes under the supervision of Home By Hand's staff. With a small team of four dedicated individuals, Home By Hand is committed to enhancing the living conditions of the community in New Orleans.
Official website here: www.homebyhand.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Home By Hand Inc has received a 79% score, which corresponds to a Three-Star rating. This rating is primarily focused on the organization's accountability and finance practices, showcasing a commitment to transparency and good governance. The charity has demonstrated strong oversight with an independent board, achieving full points for having 100% independent members and effective financial oversight.
Strengths of Home By Hand Inc include a comprehensive set of policies and practices that promote accountability, such as a conflict of interest policy and a whistleblower policy, both of which received full marks. Additionally, the organization has consistently documented board meeting minutes, indicating a robust governance structure. Program expenses are also commendable, accounting for 74.70% of their overall expenditures, reflecting a focus on fulfilling their mission.
However, the charity's liabilities to assets ratio stands at 67.43%, which may raise some concerns about financial stability. While overall financial practices and governance are robust, prospective donors might want to consider this aspect when evaluating the organization's long-term viability. Overall, Home By Hand Inc shows a strong commitment to accountability but may need to address its financial leverage for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Home By Hand Inc legitimate?
Home By Hand Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home By Hand 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: $109,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,039
For more financial information, click here
Official website here: www.homebyhand.org
What is the mission statement of Home By Hand Inc?
Home By Hand Inc, as a nonprofit organization, focuses on affordable housing development and community revitalization. They aim to create neighborhoods of opportunity by redeveloping vacant and abandoned properties, transforming them into self-help housing. Home By Hand Inc advances this mission by recruiting low and moderate income homebuyers to participate in a sweat-equity program, where they contribute to the construction of new homes under the supervision of the organization's staff. This initiative not only provides affordable housing but also contributes to the revitalization of distressed neighborhoods.
Official website here: www.homebyhand.org
Who is the CEO of Home By Hand Inc?
Oji Alexander is the Executive Director of Home By Hand Inc.
Official website here: www.homebyhand.org
What is the revenue of Home By Hand Inc?
Home By Hand Inc's revenue in 2021 was $664,742.
Official website here: www.homebyhand.org
Who are the executives of Home By Hand Inc and what are their salaries?
The average compensation at Home By Hand Inc during 2021 was $77,135. There are 4 employees and 10 volunteers at Home By Hand Inc.
Here are 11 key members and their salaries:
- Compensation: $108,019
- Related: $0
- Other: $19,277
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- Other: $0
Official website here: www.homebyhand.org
Where can I find the form 990 for Home By Hand Inc?
Home By Hand Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.homebyhand.org
Learn more at the official website: www.homebyhand.org
Mission Statement of Home By Hand Inc
Home By Hand Inc is a dedicated nonprofit organization that focuses on affordable housing development and community revitalization. Their primary mission is to transform neglected neighborhoods by rehabilitating vacant and abandoned properties, transforming them into self-help housing opportunities. By doing so, Home By Hand Inc plays an instrumental role in creating thriving communities for low and moderate-income homebuyers.
Established in 2016, Home By Hand Inc embarked on its first affordable housing development project. The organization showcases its unique approach by recruiting potential homebuyers who fall within the low and moderate-income bracket to participate in a sweat-equity program. This program encourages individuals to contribute their labor, working alongside Home By Hand Inc staff, to construct new homes within distressed neighborhoods. By engaging with the community in this way, Home By Hand Inc not only revitalizes the area but also empowers its residents to create a better living environment for themselves.
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Impact
July, 2024
Home By Hand Inc's impact can be seen in the transformation it brings to distressed neighborhoods in New Orleans. By redeveloping vacant and abandoned properties into affordable housing through self-help programs, Home By Hand creates neighborhoods of opportunity for low and moderate-income individuals. The organization not only provides a solution to the housing crisis but also empowers homebuyers through a sweat-equity program, where they actively participate in the construction of their homes under the guidance of Home By Hand staff. This hands-on approach not only creates affordable housing but also fosters a sense of community and ownership among residents. Overall, Home By Hand's work contributes to the revitalization and rebuilding of communities in New Orleans, making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Home By Hand 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 2021.
- Investment Income: $70,423
- Program Service Revenue: $223,036
- Gross Receipts: $1,264,042
Assets and Liabilities:
- Total Assets: $4,549,377
- Total Liabilities: $1,721,470
- Net Assets: $2,827,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE FORGIVENESS
Revenue
$203,086
SERVICE AGREEMENT
Revenue
$19,950
Organization Details
Founding Year
2015
Principal Officer
Oji Alexander
Main Address
6323 FRANKLIN AVENUE, NEW ORLEANS, LA, 70122
Website
www.homebyhand.orgNTEE Category
Code: L20 - Housing
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