Overview
What is Hollybrook Homes Inc?
Hollybrook Homes Inc, based in Jacksonville, Florida, is a dedicated nonprofit organization that provides housing solutions for individuals with low income. In adherence to Section 221(D)(3) of the National Housing Act, they have entered into an agreement with the Department of HUD. Their primary mission is to offer housing opportunities to those in need, contributing significantly to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Hollybrook Homes Inc has demonstrated a strong commitment to accountability and financial management, as evidenced by its impressive 94% score on Charity Navigator. The organization boasts a fully independent board, with 100% of its members meeting independence criteria. Furthermore, it has received full marks for its audit and oversight processes, indicating a robust governance structure that ensures effective oversight of its operations.
In terms of financial health, Hollybrook Homes Inc shows a solid program expense ratio of 93.32%, meaning the vast majority of its funds are directed towards its programs rather than administrative costs. The organization also maintains a favorable liabilities to assets ratio of 46.11%, suggesting prudent financial management and sustainability. Policies related to conflict of interest, whistleblowing, and document retention are in place, enhancing its integrity and transparency.
Overall, Hollybrook Homes Inc stands out for its strong governance and dedication to utilizing resources effectively, positioning it well within the nonprofit sector. However, as with any organization, ongoing evaluation and adherence to best practices will be crucial for maintaining its positive reputation and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Hollybrook Homes Inc legitimate?
Hollybrook Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hollybrook 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: $252,788
For more financial information, click here
What is the mission statement of Hollybrook Homes Inc?
Hollybrook Homes Inc, as part of its mission, provides housing solutions for individuals with low income, adhering to Section 221(D)(3) of the National Housing Act. This is done under an agreement with the Department of HUD. The organization's main goal is to offer housing opportunities to those in need, contributing to a more equitable living situation for these individuals. Hollybrook Homes Inc's activities are centered around providing affordable housing solutions, thereby supporting and improving the living conditions of underprivileged individuals.
What is the revenue of Hollybrook Homes Inc?
Hollybrook Homes Inc's revenue in 2023 was $1,506,769.
Who are the executives of Hollybrook Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Hollybrook Homes Inc?
Hollybrook Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hollybrook Homes Inc
Hollybrook Homes Inc, a nonprofit organization, is committed to providing housing solutions for individuals with low income. This commitment is rooted in Section 221(D)(3) of the National Housing Act, under an agreement with the Department of HUD. The mission of Hollybrook Homes Inc is to offer suitable living spaces to those who might not otherwise have access to affordable housing. By working in partnership with the Department of HUD, Hollybrook Homes Inc ensures that it can continue to make a difference in the lives of those in need, providing a vital service that goes beyond just providing a roof over their heads.
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Impact
July, 2024
Hollybrook Homes Inc plays a crucial role in providing affordable housing to low-income individuals in Jacksonville, Florida. By operating under Section 221(d)(3) of the National Housing Act in agreement with the Department of Housing and Urban Development (HUD), Hollybrook Homes Inc helps address the pressing need for accessible housing options for those in need. Their direct impact is evident in the improved living conditions and stability they offer to low-income persons, thereby contributing to the overall well-being and quality of life of the community they serve. Through their dedicated efforts in the housing sector, Hollybrook Homes Inc is making a tangible difference in the lives of those who require affordable accommodations.
This information is meant to be a general summary of Hollybrook 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 2023.
- Investment Income: $423
- Program Service Revenue: $1,506,346
- Gross Receipts: $1,506,769
Assets and Liabilities:
- Total Assets: $1,420,965
- Total Liabilities: $655,212
- Net Assets: $765,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$1,506,346
Organization Details
Founding Year
1971
Principal Officer
Carlton Freeman
NTEE Category
Code: L21Z - Housing
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