Overview
What is Home Inc?
Home Inc is a nonprofit organization established in accordance with South Carolina's not-for-profit statutes. Their primary mission is to operate Northgate Apartments, a 20-unit community situated in Aiken, South Carolina. This community serves as housing for individuals with disabilities, providing them with a secure living environment. Home Inc receives support for this initiative through Section 811 of the National Housing Act, granted by the U.S. Department of Housing and Urban Development. The organization's purpose is to offer a comfortable living space for those in need, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Home Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and financial health. The organization demonstrates exceptional governance with a board composed entirely of independent members and has established policies for conflict of interest and whistleblower protections. Its financial metrics are also impressive, with a program expense ratio of 73.20%, suggesting that a significant portion of its budget is allocated directly to its programs.
The organization maintains a solid liabilities to assets ratio of just 1.98%, reflecting prudent financial management and low financial risk. Additionally, Home Inc keeps thorough documentation, including board meeting minutes, which enhances transparency and accountability. The presence of listed policies on document retention and destruction further supports its commitment to good governance.
While the overall assessment is highly positive, it is important for potential donors and supporters to consider the organization’s specific programs and community impact. Understanding how Home Inc utilizes its resources in the field can provide deeper insights into its effectiveness and long-term goals.
This AI summary has been generated from information found on Charity Navigator.
Is Home Inc legitimate?
Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home 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:
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What is the mission statement of Home Inc?
Home Inc, as a not-for-profit corporation, was established with the purpose of providing housing for individuals with disabilities. It operates a 20-unit community known as Northgate Apartments, located somewhere in South Carolina. The corporation receives financial aid from the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act, which is amended. The primary mission of Home Inc is to provide a living space for individuals with disabilities, ensuring they have a comfortable and supportive environment. The corporation's activities are focused on enhancing the quality of life for these individuals and promoting their independence and inclusion in society.
Who is the CEO of Home Inc?
Susan Selden is the Director of Home Inc.
What is the revenue of Home Inc?
Home Inc's revenue in 2022 was $157,343.
Who are the executives of Home Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Home Inc?
Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Home Inc
Home Inc, a not-for-profit corporation, was established in compliance with South Carolina's not-for-profit statutes. Its primary purpose is to manage a 20-unit community, named Northgate Apartments, which is situated in Aiken, South Carolina. This community serves as a residential space for individuals with disabilities. Home Inc receives financial assistance for this project through Section 811 of the National Housing Act, amended by the U.S. Department of Housing and Urban Development. The organization's mission is to provide housing solutions for individuals with disabilities, ensuring they have a safe and supportive living environment.
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Impact
October, 2024
Home Inc has a significant impact on the Aiken, South Carolina community by providing essential housing for individuals with disabilities. Operating the Northgate Apartments, a 20-unit residence, Home Inc creates a supportive living environment tailored to the needs of its residents. By receiving funding through the U.S. Department of Housing and Urban Development under Section 811 of the National Housing Act, Home Inc ensures that affordable and accessible housing options are available to those who might otherwise face barriers in securing a home.
This initiative not only addresses the urgent need for suitable accommodations but also fosters independence and community integration for individuals with disabilities. Home Inc plays a crucial role in enhancing the quality of life for its residents, contributing to their well-being and stability while promoting inclusivity within the broader community.
This information is meant to be a general summary of Home 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: $72
- Program Service Revenue: $65,496
- Gross Receipts: $157,343
Assets and Liabilities:
- Total Assets: $625,547
- Total Liabilities: $12,447
- Net Assets: $613,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$65,496
Organization Details
Founding Year
1994
Phone
(803) 536-1056Principal Officer
Susan Selden
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L99 - Housing
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