Overview
What is Homes For America Inc?
Homes for America Inc., based in Annapolis, Maryland, is a nonprofit organization dedicated to providing housing solutions for low-income individuals and special needs populations. With a team of 20 employees, the organization's mission involves developing and preserving housing units. In the past year, Homes for America served 8,115 individuals, with a significant portion being senior households. The average income for senior households was $20,858, with 35% having an annual income below $15,000. For general occupancy housing, the average income was $22,408, and 45.7% had an income below $15,000. The organization's development activities included rehabilitating 42 units and constructing 12 new units in a family property in Berlin, Maryland. It also began construction on new senior properties in Salisbury, Elliott City, and Oxon Hill, Maryland. Homes for America also provided asset management services for 65 communities, regularly inspecting sites, monitoring insurance policies, and closely tracking financial and operational aspects of its properties during lease-up and operations. During the COVID-19 pandemic, Homes for America prioritized the health, wellness, and housing stability of its residents by offering services such as free produce delivery, on-site vaccination and booster clinics, wellness checks, and financial assistance. It also created protocols for the use of common areas to reduce isolation and facilitate safe use of community spaces. To bridge the digital divide, Homes for America established a partnership with a non-profit internet service provider to provide free, high-quality, private internet access for all residents at a family property in Baltimore, Maryland. In response to the pandemic, Homes for America established new relationships with service providers, applying for grants to fund resident services and leveraging existing partnerships for rental funding, resource referrals, community supports, and case management services.
Official website here: www.homesforamerica.org
Is Homes For America Inc legitimate?
Homes For America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For America 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.
Here are some key statistics you may want to consider:
Executive Compensation: $819,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $905,897
For more financial information, click here
What is the mission statement of Homes For America Inc?
Homes For America Inc was established with the purpose of developing and preserving housing for low-income households and special needs populations. Their mission was carried out by serving 8,115 low-income individuals in their rental communities, with a significant portion of senior households having an income below $15,000. The organization engaged in development activities, such as rehabilitating existing units, constructing new ones, and providing asset management services for its properties. Homes For America also focused on making its portfolio more energy efficient, refinancing properties, and selling homes to residents. During the pandemic, they prioritized the health, wellness, and housing stability of their residents by offering services like free produce delivery, vaccination clinics, wellness checks, and financial assistance. They also established new partnerships with service providers to bridge the digital divide for their residents.
Official website here: www.homesforamerica.org
Who is the CEO of Homes For America Inc?
Dana Johnson is the Chairman & Director, Thru 1-19-22 of Homes For America Inc. The CEO's salary of Homes For America Inc is $224,418 and their total compensation is $253,843.
Official website here: www.homesforamerica.org
What is the revenue of Homes For America Inc?
Homes For America Inc's revenue in 2022 was $10,186,621.
Official website here: www.homesforamerica.org
Who are the executives of Homes For America Inc and what are their salaries?
The average compensation at Homes For America Inc during 2022 was $86,283. There are 20 employees at Homes For America Inc.
Here are 24 key members and their salaries (Homes For America Inc's CEO's salary is $224,418 and their total compensation is $253,843):
- Dana Johnson (President & Ceo)
- Jolly Burks (Vice President & Cfo)
- Diane Clyde (Executive Vice President)
- Diana Talios (Development Director)
- Catherine Stokes (Development Director)
- Yvette Ross Kane (Vice President, Portfolio Management)
- Julie Mccabe (Vp Service Enhanced Housing)
- Mary Smith (Controller)
- Trudy Parisa Mcfall (Chairman & Director, Thru 1-19-22)
- Michael Bodaken (Vice Chairman & Director)
- Dennis M Conti (Treasurer & Director, Thru 3-29-22)
- Eric Brown (Director)
- Charles L Edson Esquire (Director, Thru 7-26-22)
- Susan Frank (Director)
- James I Humphrey Jr (Director)
- Thomas Lantz (Treasurer & Director)
- Richard L Mostyn (Director, Thru 7-26-22)
- Jeffrey R Stern (Chairman & Director)
- Chickie Grayson (Secretary & Director)
- Lessie Powell Evans (Director, Eff 2-11-22)
- Elizabeth Scott Glenn (Director, Eff 2-11-22)
- Patrick Sheridan (Director)
- Kimberly Fry (Director, Eff 7-26-22)
- Saul Gilstein (Director, Eff 7-26-22)
Official website here: www.homesforamerica.org
Where can I find the form 990 for Homes For America Inc?
The Homes For America Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.homesforamerica.org
Learn more at the official website: www.homesforamerica.org
Mission Statement of Homes For America Inc
Homes for America Inc, a nonprofit organization, was established with a mission to develop and preserve housing for low and moderate-income households and special needs populations. This mission is executed by providing suitable living spaces for individuals who fall under these categories. The organization's focus is particularly on elderly populations, with an average income of $20,858 for senior households in age-restricted communities, and 35% of these households having an annual income below $15,000. For general occupancy housing, the average income is $22,408, with 45.7% of households having an income below $15,000.
In terms of development activities, Homes for America Inc has undertaken several projects. These include rehabilitating 42 units and constructing 12 new units at a family property in Berlin, Maryland. Additionally, they have closed on construction financing and started rehabilitation of a 156-unit senior property in Salisbury, Maryland. Similarly, they have initiated construction of a 70-unit family project in Elliott City, Maryland, and a 163-unit new construction senior project in Oxon Hill, Maryland.
The organization also provides asset management services for 65 communities in its portfolio. They conduct regular site inspections, monitor insurance policies, and closely track financial and operating aspects of their properties during lease-up and operations. Notable accomplishments in asset management include making the portfolio more energy-efficient, refinancing one property, and selling a home to a community resident.
During the pandemic, Homes for America Inc continued to prioritize the health, wellness, and housing stability of its residents. They provided services such as free produce delivery, on-site vaccination and booster clinics, wellness checks, and financial assistance. As residents became more social, the organization established protocols surrounding the use of common areas to reduce isolation and allow residents safe use of their community spaces. They also introduced a hybrid model of resident services, providing both individualized services and socially distanced small group resident activities. To close the digital divide highlighted by the pandemic, Homes for America Inc established a partnership with a non-profit internet service provider to provide free, high-quality, private internet access for all residents at a 189-unit family property in Baltimore, Maryland. Due to the pandemic, several prior service providers were no longer in operation, so the organization established new relationships with service providers to assist in providing necessary services to its residents.
Impact
This information is meant to be a general summary of Homes For America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Homes For America Inc has a significant impact on low and moderate-income households and special needs populations by developing and preserving housing for these communities. In the past year, the organization served 8,115 low-income persons in its rental communities, with a focus on seniors and families. Homes For America engaged in various development activities, such as rehabilitating existing units and constructing new housing projects in different Maryland locations.
Additionally, Homes For America provided asset management services for 65 communities in its portfolio, ensuring the efficient operation and financial sustainability of its properties. The organization has also prioritized resident services, especially during the challenges posed by the pandemic. Through initiatives like free produce delivery, on-site vaccination clinics, wellness checks, and financial assistance, Homes For America has supported the health, wellness, and housing stability of its residents.
Furthermore, Homes For America worked to bridge the digital divide by partnering with a nonprofit internet service provider to offer free, high-quality internet access to all residents at a family property in Baltimore. By adapting and innovating its services in response to changing circumstances, Homes For America demonstrates a commitment to meeting the evolving needs of the communities it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FLOW THROUGH INCOME
Revenue
$4,125,481
FEE INCOME
Revenue
$2,792,513
RENTAL INCOME
Revenue
$539,400
Organization Details
Founding Year
1994
Phone
(410) 269-1222
Principal Officer
Dana Johnson
Main Address
318 SIXTH STREET STE 2, ANNAPOLIS, MD, 21403
Website
www.homesforamerica.org
NTEE Category
Code: L20 - Housing
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