Overview
What is Housing Opportunities Community Partners Inc?
Housing Opportunities Community Partners Inc is a nonprofit organization situated in Kensington, Maryland. Their primary mission is to assist the Housing Opportunities Commission of Montgomery County in promoting self-sufficiency among its residents. They achieve this goal by implementing programs, providing services, coordinating, managing, and administering as needed. The organization also accepts donations of equipment, materials, supplies, and other goods to benefit the residents of the Housing Opportunities Commission. Their primary role is to improve the quality of life for low-income families living in subsidized housing in Montgomery County, with a focus on enhancing their housing stability, self-sufficiency, and overall potential.
Official website here: www.hocommunitypartners.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Housing Opportunities Community Partners Inc has achieved a strong rating of 90% according to Charity Navigator, indicating a high level of accountability and financial health. This rating is based entirely on a beacon score that reflects their commitment to transparency and responsible financial management. Notably, the organization has a 100% independent board, ensuring unbiased decision-making.
The organization demonstrates excellent financial stewardship with a program expense ratio of 94.74%, meaning that a significant majority of their funds are directed toward their programs rather than administrative costs. Additionally, they have maintained a low liabilities to assets ratio of just 0.31%, signifying a solid financial position. The presence of a conflict of interest policy and well-documented board meeting minutes further underscores their commitment to governance.
However, one limitation noted in the evaluation is the absence of a whistleblower policy, which is a critical component of ensuring accountability and protecting individuals who report misconduct. Despite this shortcoming, the overall assessment highlights the organization's strengths in governance and fiscal responsibility, making it a reputable option for donors seeking effective community support.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities Community Partners Inc legitimate?
Housing Opportunities Community Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities Community Partners 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.
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Official website here: www.hocommunitypartners.org
What is the mission statement of Housing Opportunities Community Partners Inc?
Housing Opportunities Community Partners Inc's mission is centered around enhancing the quality of life for low-income families residing in subsidized housing in an unspecified location. Their primary objective is to provide services that strengthen the housing stability and increase the self-sufficiency of these families and individuals. This is done to ensure that no one in this demographic experiences unmet needs that could potentially threaten their housing stability. Furthermore, the organization aims to equip adults and children with necessary tools to help them reach their full potential. Lastly, Housing Opportunities Community Partners Inc strives to help households realize their vision for a more fulfilling quality of life.
Official website here: www.hocommunitypartners.org
Who is the CEO of Housing Opportunities Community Partners Inc?
Chelsea Andrews is the Board Chair of Housing Opportunities Community Partners Inc.
Official website here: www.hocommunitypartners.org
What is the revenue of Housing Opportunities Community Partners Inc?
Housing Opportunities Community Partners Inc's revenue in 2022 was $154,040.
Official website here: www.hocommunitypartners.org
Who are the executives of Housing Opportunities Community Partners Inc and what are their salaries?
There 35 volunteers at Housing Opportunities Community Partners Inc.
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Official website here: www.hocommunitypartners.org
Where can I find the form 990 for Housing Opportunities Community Partners Inc?
Housing Opportunities Community Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hocommunitypartners.org
Learn more at the official website: www.hocommunitypartners.org
Mission Statement of Housing Opportunities Community Partners Inc
Housing Opportunities Community Partners Inc, a nonprofit organization, is dedicated to improving the quality of life for low-income families living in subsidized housing in Montgomery County. Their mission is threefold. Firstly, they strive to provide services that strengthen the housing stability of these families, ensuring they have the necessary tools to maintain and enhance their living conditions. Secondly, the organization aims to increase the self-sufficiency of these families and individuals, empowering them to reach their full potential and achieve a more fulfilling quality of life. Lastly, Housing Opportunities Community Partners Inc works towards helping households attain their vision for a better future, providing them with the resources and opportunities needed to overcome challenges and build a more prosperous existence.
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Impact
October, 2024
Housing Opportunities Community Partners Inc significantly enhances the quality of life for low-income families in Montgomery County by supporting their journey toward self-sufficiency. By collaborating with the Housing Opportunities Commission, the organization implements targeted programs and plans designed to empower residents and foster economic stability.
Through providing essential services, volunteer assistance, and effective management, Housing Opportunities Community Partners Inc helps ensure that community members do not face unmet needs that could jeopardize their housing stability. Their efforts include facilitating donations of equipment, materials, and other goods, which directly benefit residents and aid in breaking the cycle of poverty.
The organization’s mission focuses on strengthening housing stability and increasing self-sufficiency among families and individuals living in affordable housing. By equipping adults and children with the tools necessary for reaching their full potential, Housing Opportunities Community Partners Inc plays a crucial role in helping households realize their vision for a more fulfilling and stable life in the community.
This information is meant to be a general summary of Housing Opportunities Community Partners 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.
- Gross Receipts: $154,040
Assets and Liabilities:
- Total Assets: $541,342
- Total Liabilities: $19,111
- Net Assets: $522,231
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Organization Details
Founding Year
1998
Phone
(240) 627-9420Principal Officer
Chelsea Andrews
Main Address
10400 DETRICK AVENUE, KENSINGTON, MD, 20895
Website
www.hocommunitypartners.orgNTEE Category
Code: L112 - Housing
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