Overview
What is Better Homes For North Carolina Inc C/O Waj Management?
Better Homes For North Carolina Inc C/O Waj Management is a nonprofit organization situated in Raleigh, North Carolina. Their primary mission is to address the housing needs of disadvantaged families in the eastern part of the state. Recognizing a gap in the non-profit housing corporation sector, particularly in rural and smaller communities outside metropolitan areas, several community leaders established this organization. They specialize in the development of low-income housing projects, aiming to bridge the existing gap in this area. The organization, with a modest workforce of one employee, is dedicated to serving the under-served regions of eastern North Carolina.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars.
Better Homes For North Carolina Inc C/O Waj Management has received a notably low rating of 13%, resulting in a Zero-Star out of Four Stars designation. This rating reflects significant concerns regarding the organization's accountability and financial management. Notably, the charity has no independent board members, which raises questions about governance transparency and oversight.
The charity's financial ratios indicate that only 14.43% of its expenses are directed towards programs, suggesting that a majority of its funding may not be supporting its stated mission. Other critical governance practices are also lacking, such as the absence of conflict of interest and whistleblower policies, which are essential for maintaining ethical standards and trust.
While the organization has not reported any material diversions of assets, the absence of key documentation, including its website and policies, detracts from its credibility. Overall, stakeholders should exercise caution and consider these factors when evaluating Better Homes For North Carolina Inc C/O Waj Management's effectiveness and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Better Homes For North Carolina Inc C/O Waj Management legitimate?
Better Homes For North Carolina Inc C/O Waj Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better Homes For North Carolina Inc C/O Waj Management 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: $4,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Better Homes For North Carolina Inc C/O Waj Management?
Better Homes For North Carolina Inc C/O Waj Management was established to address a perceived gap in the non-profit housing corporation sector, particularly in non-metropolitan areas of Eastern North Carolina. The organization was formed by concerned civic and community leaders, who noticed a lack of low-income housing and non-profit organizations dedicated to producing new housing stock in rural areas and medium-sized communities outside of thriving metropolitan areas. The mission of Better Homes For North Carolina Inc C/O Waj Management is to develop low-income housing projects to benefit disadvantaged families in Eastern North Carolina. This organization aims to fill the void in support for low-income housing and non-profit organizations in under-served regions, ensuring equitable access to housing for all.
Who is the CEO of Better Homes For North Carolina Inc C/O Waj Management?
A Hobgood Iv is the Vice President of Better Homes For North Carolina Inc C/O Waj Management.
What is the revenue of Better Homes For North Carolina Inc C/O Waj Management?
Better Homes For North Carolina Inc C/O Waj Management's revenue in 2022 was $130,452.
Who are the executives of Better Homes For North Carolina Inc C/O Waj Management and what are their salaries?
The average compensation at Better Homes For North Carolina Inc C/O Waj Management during 2022 was $4,800. There is 1 employee at Better Homes For North Carolina Inc C/O Waj Management.
Here are 4 key members and their salaries:
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
Where can I find the form 990 for Better Homes For North Carolina Inc C/O Waj Management?
Better Homes For North Carolina Inc C/O Waj Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Better Homes For North Carolina Inc C/O Waj Management
Better Homes For North Carolina Inc C/O Waj Management was established with a mission to address a perceived gap in the non-profit housing corporation population within non-metropolitan areas of Eastern North Carolina. The organization, comprised of civic and community leaders, recognized a growing need for low-income housing in these rural and smaller communities that often lie outside of thriving metropolitan areas. In response, Better Homes For North Carolina Inc C/O Waj Management was formed with the primary objective of developing low-income housing projects to benefit disadvantaged families in these under-served areas. The organization aims to contribute to the availability of affordable housing and establish viable non-profit organizations dedicated to producing new low-income housing stock in these communities.
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Impact
October, 2024
Better Homes For North Carolina Inc C/O Waj Management significantly impacts disadvantaged families in eastern North Carolina by addressing the critical need for low-income housing in predominantly rural areas. By focusing on the development of affordable housing projects, the organization fills a gap that has been largely overlooked in non-metropolitan regions, where the availability of such housing is limited compared to urban areas.
The initiative is driven by a collective concern among civic and community leaders who recognized that many families in small and medium-sized communities face housing challenges. Their efforts provide essential support to those who are often marginalized, ensuring access to safe and affordable living conditions.
The impact of Better Homes For North Carolina extends beyond simply providing housing; it contributes to the overall well-being of families and fosters community stability. By improving living conditions, the organization helps families build a foundation for better educational opportunities, health outcomes, and economic resilience. This development not only uplifts individual lives but also strengthens the fabric of the communities it serves, promoting growth and stability in regions that desperately need it.
This information is meant to be a general summary of Better Homes For North Carolina Inc C/O Waj Management. 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: $211
- Program Service Revenue: $130,241
- Gross Receipts: $130,452
Assets and Liabilities:
- Total Assets: $196,978
- Total Liabilities: $362
- Net Assets: $196,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM INVESTMENT
Revenue
$90,241
DEVELOPER FEES
Revenue
$40,000
Organization Details
Founding Year
1992
Phone
(919) 847-8350Principal Officer
A Hobgood Iv
Main Address
PO BOX 17227, RALEIGH, NC, 27619
NTEE Category
Code: L20Z - Housing
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