Overview
What is Hickernell Homes Inc?
Hickernell Homes Inc, established in 1997 in Timonium, Maryland, is a nonprofit organization with a mission to offer affordable housing to individuals struggling with chronic mental illness. Funded by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act, the organization operates 14 housing units, regulated by HUD to maintain affordable rent charges and operating methods. Hickernell Homes Inc's primary objective is to provide a secure living environment for those who suffer from chronic mental illness, contributing to their overall well-being and recovery.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
Hickernell Homes Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in transparency and governance practices. While the organization excels in accountability and finance, with a perfect score of 100%, several areas of concern have been highlighted, particularly in its disclosures and policies. The lack of a publicly available website linked on its tax form and missing conflict of interest and whistleblower policies are significant limitations.
The organization benefits from a majority of independent board members and shows no material diversion of assets. Financially, it maintains a solid liabilities to assets ratio of 27.89% and has a strong program expense ratio of 82.23%, suggesting effective use of funds towards its mission. However, the absence of essential governance documentation and policies reflects a gap in operational transparency that could affect stakeholder trust.
Overall, while Hickernell Homes Inc demonstrates strong financial health and a committed board structure, it must address its shortcomings in policy implementation and public accountability to improve its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Hickernell Homes Inc legitimate?
Hickernell Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hickernell Homes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hickernell Homes Inc?
Hickernell Homes Inc, established in 1997, is committed to providing affordable housing for individuals battling chronic mental disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization, funded by the U.S. Department of Housing and Urban Development (HUD), operates 14 housing units that cater to this specific population. Hickernell Homes Inc aims to enhance the living conditions and provide a supportive environment for these individuals, ensuring they have access to suitable housing solutions.
Who is the CEO of Hickernell Homes Inc?
Sarah Norman is the President of Hickernell Homes Inc.
What is the revenue of Hickernell Homes Inc?
Hickernell Homes Inc's revenue in 2022 was $103,166.
Who are the executives of Hickernell Homes Inc and what are their salaries?
There 6 volunteers at Hickernell Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,368
- Other: $20,272
- Compensation: $0
- Related: $451,063
- Other: $25,768
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hickernell Homes Inc?
Hickernell Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hickernell Homes Inc
Hickernell Homes Inc, established in 1997, is dedicated to providing affordable housing for individuals suffering from chronic mental illness. Aligned with Section 811 of the National Affordable Housing Act, this nonprofit organization's mission is to create a living space that caters to the unique needs of this population. Hickernell Homes Inc acquires, constructs, and operates housing facilities, ensuring that the rent charges and operating methods adhere to regulations set by the U.S. Department of Housing and Urban Development (HUD). The organization's 14-unit project is overseen by HUD, ensuring that the housing provided meets the necessary standards for the chronically mentally disabled.
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Impact
October, 2024
Hickernell Homes Inc plays a vital role in addressing the housing needs of individuals with chronic mental disabilities. By providing affordable and supportive housing, the organization enhances the quality of life for those who face significant challenges due to mental illness. Founded in September 1997, Hickernell Homes has established 14 housing units designed specifically to meet the needs of its residents.
Operating under the guidelines of the U.S. Department of Housing and Urban Development (HUD) and in accordance with Section 811 of the National Affordable Housing Act, Hickernell Homes ensures that its housing solutions are not only affordable but also sustainable and regulated for fairness. This initiative helps reduce homelessness and improve community integration for individuals living with chronic mental health issues.
By focusing on affordable housing, Hickernell Homes Inc fosters a sense of stability and security for its residents, allowing them to focus on rehabilitation and personal development. The impact extends beyond just housing; it contributes to building a more inclusive community where individuals with mental health challenges can thrive.
This information is meant to be a general summary of Hickernell Homes 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: $3
- Program Service Revenue: $13,717
- Gross Receipts: $103,166
Assets and Liabilities:
- Total Assets: $638,476
- Total Liabilities: $167,349
- Net Assets: $471,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$13,717
Organization Details
Founding Year
1997
Phone
(410) 747-4492Principal Officer
Sarah Norman
Main Address
1925 GREENSPRING DRIVE, TIMONIUM, MD, 21093
NTEE Category
Code: L99 - Housing
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