Overview
What is Home Partnership Inc?
Home Partnership Inc is a nonprofit organization situated in Joppa, Maryland, with a focus on empowering low and moderate-income families by expanding their access to affordable and sustainable homeownership. With a dedicated team of three employees, their mission is centered around housing advocacy, working to improve living conditions for these families and ultimately strengthening their communities. By promoting affordable housing, Home Partnership Inc plays a crucial role in combating community deterioration and contributing positively to society.
Official website here: www.homepartnershipinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Home Partnership Inc has achieved a strong rating of 92% from Charity Navigator, indicating a high level of accountability and financial health. The score is solely derived from its Accountability & Finance metrics, showcasing the organization’s commitment to transparency and responsible financial management. This rating reflects positively on the integrity of the nonprofit, enhancing its credibility among donors and stakeholders.
The organization excels in several areas, including having a fully independent board and a solid program expense ratio of 77.78%, which suggests that a significant portion of its funds is directed towards its mission-related activities. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio demonstrate prudent fiscal management. The completion of audits and oversight further reinforces the charity's strong governance framework.
However, there are some noted limitations, such as the absence of a conflict of interest policy and the failure to post certain financial documents on its website, which could detract from its transparency efforts. Addressing these gaps could enhance its accountability even further, ensuring stakeholders have access to comprehensive information about the organization’s operations and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Home Partnership Inc legitimate?
Home Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home 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: $102,947
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,973
For more financial information, click here
Official website here: www.homepartnershipinc.org
What is the mission statement of Home Partnership Inc?
Home Partnership Inc is committed to advocating for housing needs of low to moderate income families and individuals. Their mission is to broaden the availability of affordable homes and combat community degradation, ultimately reinforcing community strength. The organization strives to facilitate successful homeownership for these income groups, thereby contributing to their overall well-being and community development.
Official website here: www.homepartnershipinc.org
Who is the CEO of Home Partnership Inc?
Frank Hodgetts is the Ceo of Home Partnership Inc. The CEO's salary of Home Partnership Inc is $92,346 and their total compensation is $100,447.
Official website here: www.homepartnershipinc.org
What is the revenue of Home Partnership Inc?
Home Partnership Inc's revenue in 2022 was $550,102.
Official website here: www.homepartnershipinc.org
Who are the executives of Home Partnership Inc and what are their salaries?
The average compensation at Home Partnership Inc during 2022 was $55,307. There are 3 employees at Home Partnership Inc.
Here are 10 key members and their salaries (Home Partnership Inc's CEO's salary is $92,346 and their total compensation is $100,447):
- Compensation: $92,346
- Related: $0
- Other: $8,101
- Compensation: $0
- 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
- 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.homepartnershipinc.org
Where can I find the form 990 for Home Partnership Inc?
Home Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homepartnershipinc.org
Learn more at the official website: www.homepartnershipinc.org
Mission Statement of Home Partnership Inc
Home Partnership Inc, a nonprofit organization, is dedicated to advocating for affordable housing opportunities for low to moderate income families. Their mission is to broaden the accessibility of successful homeownership and combat community decay, thereby enhancing and strengthening communities as a whole. By pursuing this mission, Home Partnership Inc aims to contribute to the overall well-being and stability of families within their communities.
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Impact
July, 2024
Home Partnership Inc's impact is profound in Joppa, MD. By advocating for housing options for low to moderate income individuals and families, the organization is helping to expand access to affordable and successful homeownership. This initiative not only provides stable housing solutions but also works towards combating community deterioration, ultimately strengthening communities in the area. Through their work, Home Partnership Inc is making a tangible difference in the lives of individuals and families, promoting financial stability and contributing to the overall well-being of the community.
This information is meant to be a general summary of Home 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 2022.
- Investment Income: $585
- Program Service Revenue: $468,267
- Gross Receipts: $550,102
Assets and Liabilities:
- Total Assets: $644,819
- Total Liabilities: $146,339
- Net Assets: $498,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer fees
Revenue
$242,696
Housing counseling
Management fees
Revenue
$20,000
Property sales
Revenue
$100,000
Secondary financing rev
Revenue
$105,571
Organization Details
Founding Year
1994
Phone
(410) 679-3200Principal Officer
Frank Hodgetts
Main Address
626 Towne Center Dr Ste 102, Joppa, MD, 21085
Website
www.homepartnershipinc.orgNTEE Category
Code: L41 - Housing
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