Overview
What is Housing And Economic Opportunities Inc?
Housing and Economic Opportunities Inc, based in Wilmington, North Carolina, is a nonprofit organization dedicated to providing affordable housing and eliminating vacant or uninhabitable properties. In 2017, they collaborated with partners to rehabilitate a distressed public housing property using LIHTC, providing safe and affordable housing for 77 low-income families. They also manage an 8-unit supportive housing property for individuals with disabilities, enabling them to live independently. HEO completed another supportive housing development in 2018, housing 8 disabled individuals, funded through the North Carolina Housing Finance Agency's program and CDBG funding from the City of Wilmington. Their mission extends beyond housing, aiming to ensure that no one feels compelled to live in substandard housing due to financial or social conditions, by offering supportive services through partnerships such as Elderhaus.
Is Housing And Economic Opportunities Inc legitimate?
Housing And Economic Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing And Economic Opportunities 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: $8,398
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What is the mission statement of Housing And Economic Opportunities Inc?
Housing and Economic Opportunities Inc's mission is to offer affordable housing and support to individuals who may believe they have no choice but to live in substandard housing due to financial or social conditions. This organization strives to eliminate vacant and uninhabitable housing, providing safe and affordable living spaces for low-income families. In 2017, Housing and Economic Opportunities Inc, along with its partners, rehabilitated a distressed public housing property using LIHTC and housed 77 families. They also manage supportive housing properties, offering independence to persons with disabilities. In 2018, they completed construction of another 8-unit supportive housing development for disabled individuals, funded through the North Carolina Housing Finance Agency's Supportive Housing Development Program and CDBG funding from the City of Wilmington. Residents who might have lived in assisted living or with family are offered the opportunity to live independently thanks to the partnership between Housing and Economic Opportunities Inc and Elderhaus, providing supportive services for all residents.
Who is the CEO of Housing And Economic Opportunities Inc?
Tyrone Garrett is the Chair of Housing And Economic Opportunities Inc.
What is the revenue of Housing And Economic Opportunities Inc?
Housing And Economic Opportunities Inc's revenue in 2022 was $144,794.
Who are the executives of Housing And Economic Opportunities Inc and what are their salaries?
There 9 volunteers at Housing And Economic Opportunities Inc.
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- Related: $181,832
- Other: $14,046
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- Related: $113,026
- Other: $7,694
Where can I find the form 990 for Housing And Economic Opportunities Inc?
Housing And Economic Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing And Economic Opportunities Inc
Housing and Economic Opportunities Inc, as a nonprofit organization, is committed to providing affordable housing and eliminating vacant or uninhabitable housing. Their mission is to offer affordable housing and support, ensuring that no individual should feel compelled to live in substandard housing due to financial or social conditions.
Through their initiatives, Housing and Economic Opportunities Inc aims to make safe and affordable housing accessible to low-income families. In 2017, the organization, in collaboration with its partners, completed the rehabilitation of a distressed public housing property, providing 77 families with a secure home. Additionally, Housing and Economic Opportunities Inc manages an 8-unit supportive housing property that allows individuals with disabilities to live independently.
In 2018, the nonprofit completed construction on another 8-unit supportive housing development for disabled individuals. This project was funded through the North Carolina Housing Finance Agency's Supportive Housing Development Program and CDBG funding from the City of Wilmington. By offering housing opportunities and supportive services through partnerships with organizations like ElderHaus, Housing and Economic Opportunities Inc enables residents who would otherwise be living in assisted living or with family to live independently.
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Impact
October, 2024
Housing And Economic Opportunities Inc (HEO) has made a significant impact by providing affordable housing and addressing the issue of vacant, uninhabitable properties. Through strategic partnerships and targeted interventions, HEO has successfully rehabilitated distressed public housing, allowing 77 low-income families to secure safe and affordable living conditions.
In addition to its rehabilitation efforts, HEO has managed supportive housing properties that empower individuals with disabilities to live independently. By completing the construction of 8-unit supportive housing developments, HEO has created living spaces that enable disabled individuals to thrive outside of traditional assisted living environments. This initiative, supported by funding from the North Carolina Housing Finance Agency and local resources, reflects HEO's commitment to fostering independence and dignity among its residents.
Moreover, HEO actively collaborates with organizations like Elderhaus to provide essential support services, ensuring that residents have the necessary resources to succeed in their new homes. Overall, HEO's work not only transforms physical spaces but also enhances the quality of life for vulnerable populations in Wilmington, NC, demonstrating a dedication to combating substandard housing and promoting economic opportunities for all.
This information is meant to be a general summary of Housing And Economic Opportunities 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: $4
- Program Service Revenue: $121,741
- Gross Receipts: $144,794
Assets and Liabilities:
- Total Assets: $3,413,274
- Total Liabilities: $1,392,168
- Net Assets: $2,021,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENTAL
Revenue
$121,741
Organization Details
Founding Year
1998
Phone
(910) 341-7700Principal Officer
Tyrone Garrett
Main Address
1524 S 16TH STREET 2ND FL, WILMINGTON, NC, 28401
NTEE Category
Code: L20 - Housing
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