Overview
What is Housing Initiative Partnership Inc?
Housing Initiative Partnership Inc., based in Prince George's County, Maryland, is a forward-thinking, eco-friendly nonprofit organization specializing in housing development and counseling. Their mission is to enhance neighborhoods by providing housing and financial stability for low- and moderate-income families, while simultaneously enhancing the overall community's quality of life. As a developer and counseling agency, they create sustainable housing solutions and offer supportive services to improve living conditions.
Official website here: www.hiphomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Housing Initiative Partnership Inc has demonstrated a strong commitment to accountability and financial transparency, as evidenced by its impressive 96% score from Charity Navigator. This high rating is primarily derived from the organization's exceptional performance in financial management and governance, with an independent board comprised entirely of members with no conflicts of interest.
The nonprofit excels in several key areas, including the thoroughness of its financial statements, adherence to policies such as document retention and whistleblower protections, and the availability of its tax forms on its website. Additionally, it maintains a high program expense ratio of 87.58%, indicating that a significant portion of its funds is directed toward its mission-driven activities rather than administrative costs.
While the organization has strong financial practices, it does have a liabilities to assets ratio of 54.76%, which could be a point of consideration for potential donors regarding its long-term financial health. Overall, Housing Initiative Partnership Inc stands out for its governance and financial integrity, making it a trustworthy option for supporters looking to contribute to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Initiative Partnership Inc?
94% of 11 reviewers on Facebook recommend Housing Initiative Partnership Inc. Here is a summary of their reviews:
Many participants express appreciation for the informative nature of the programs offered, particularly highlighting the home purchasing course. Reviewers encourage others to take advantage of these educational opportunities, suggesting that they provide valuable insights for prospective homeowners.
Overall, the sentiment towards the nonprofit is positive, with individuals feeling supported and empowered in their journey to homeownership. The organization appears to effectively deliver on its commitment to educating and assisting the community.
This AI summary has been generated from reviews found on Facebook.
Is Housing Initiative Partnership Inc legitimate?
Housing Initiative Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Initiative Partnership 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: $313,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,758,011
For more financial information, click here
Official website here: www.hiphomes.org
What is the mission statement of Housing Initiative Partnership Inc?
Housing Initiative Partnership Inc, a green nonprofit housing developer and counseling agency, is committed to revitalizing neighborhoods. Their mission is to create housing and ensure economic security for low and moderate-income households. They provide services that aim to enhance the quality of life in the communities they serve. In essence, HIP's mission is to contribute to the improvement of living conditions and financial stability for those in need.
Official website here: www.hiphomes.org
What is the revenue of Housing Initiative Partnership Inc?
Housing Initiative Partnership Inc's revenue in 2023 was $3,825,620.
Official website here: www.hiphomes.org
Who are the executives of Housing Initiative Partnership Inc and what are their salaries?
The average compensation at Housing Initiative Partnership Inc during 2023 was $60,928. There are 34 employees and 30 volunteers at Housing Initiative Partnership Inc.
Here are 15 key members and their salaries:
- Compensation: $165,601
- Related: $0
- Other: $3,375
- Compensation: $132,445
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- Other: $3,683
- Compensation: $112,348
- Related: $0
- Other: $6,533
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Official website here: www.hiphomes.org
Where can I find the form 990 for Housing Initiative Partnership Inc?
Housing Initiative Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hiphomes.org
Learn more at the official website: www.hiphomes.org
Mission Statement of Housing Initiative Partnership Inc
Housing Initiative Partnership Inc, a forward-thinking, eco-friendly nonprofit organization, is committed to revitalizing neighborhoods. Based on its mission, the organization focuses on creating housing and economic security for low and moderate-income households. This mission is achieved through innovative green housing development and counseling services. The ultimate goal is to improve the quality of life in the communities that Housing Initiative Partnership Inc serves. By offering these services, the nonprofit aims to foster a sense of community and stability for those in need, contributing to the overall well-being of its target population.
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Impact
July, 2024
Housing Initiative Partnership Inc has a significant impact on revitalizing neighborhoods in Prince George's County, Maryland. By creating housing opportunities and economic security for low and moderate-income households, HIP is actively improving the quality of life in the communities it serves. Through its innovative and green approach to housing development and counseling, HIP plays a crucial role in promoting sustainable and thriving neighborhoods.
This information is meant to be a general summary of Housing Initiative Partnership 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 2023.
- Investment Income: $14,839
- Program Service Revenue: $17,703
- Gross Receipts: $6,283,722
Assets and Liabilities:
- Total Assets: $6,736,869
- Total Liabilities: $3,891,318
- Net Assets: $2,845,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$65,804
DEVELOPMENT FEE
Revenue
$39,377
PROGRAM INCOME
Revenue
$18,810
MT. RAINIER RENTAL ACTIVITY
Revenue
-$106,288
Organization Details
Founding Year
1989
Principal Officer
Maryann Dillon
Website
www.hiphomes.orgNTEE Category
Code: L25 - Housing
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