Overview
What is Housing Opportunities Of Northern Kentucky Inc?
Housing Opportunities Of Northern Kentucky Inc, headquartered at 502 Fry Street, Covington, KY 41011, is a community-focused nonprofit organization. Their mission is to uplift the aspirations, hopes, stability, and achievements of low-income working families by offering rent-to-own housing and assistance with home ownership education. As a housing developer, the organization constructs and renovates properties for its homeownership program. With a team of 11 dedicated individuals, Housing Opportunities Of Northern Kentucky Inc serves the community of Northern Kentucky, working tirelessly to provide stable housing solutions for its residents.
Official website here: www.honkhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Housing Opportunities of Northern Kentucky Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The rating is based entirely on their financial practices, and the organization scored particularly well in areas like having a majority of independent board members and maintaining an impressive program expense ratio of 87.81%, which suggests effective allocation of resources towards their mission.
However, despite their strengths, the organization does have some areas for improvement. Notably, a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy are missing, which could raise potential governance concerns. The absence of these policies indicates a need for better compliance with transparency and ethical standards that are crucial for fostering trust with donors and stakeholders.
Overall, while Housing Opportunities of Northern Kentucky Inc demonstrates strong financial health and governance in several aspects, addressing the missing policies could further enhance their accountability and overall performance in the eyes of the public and potential funders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Opportunities Of Northern Kentucky Inc?
Honk has received praise from its users, demonstrating a positive impression of the nonprofit's services. One reviewer expressed their gratitude for the wonderful staff and noted their satisfaction with the home they purchased through the program years ago.
Although the number of reviews is limited, it indicates a strong appreciation for the organization’s efforts in providing housing support. The commendation of the staff suggests that the nonprofit is committed to delivering a quality experience to those it serves.
In summary, the feedback highlights that Housing Opportunities of Northern Kentucky Inc is recognized for its effective programs and supportive staff, leaving users feeling valued and content with their experiences.
This AI summary has been generated from reviews found on Facebook.
Is Housing Opportunities Of Northern Kentucky Inc legitimate?
Housing Opportunities Of Northern Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities Of Northern Kentucky 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: $69,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,259
For more financial information, click here
Official website here: www.honkhomes.org
What is the mission statement of Housing Opportunities Of Northern Kentucky Inc?
Housing Opportunities Of Northern Kentucky Inc's mission is centered around elevating the aspirations, hopes, stability, and accomplishments of low-income working families. The organization fulfills this mission by functioning as a community housing developer, constructing and rehabilitating houses for its homeownership program. In addition to this, they provide rent-to-own housing options and offer assistance with homeownership and education to low-income working individuals in Northern Kentucky.
Official website here: www.honkhomes.org
Who is the CEO of Housing Opportunities Of Northern Kentucky Inc?
David Hastings is the Treasurer of Housing Opportunities Of Northern Kentucky Inc.
Official website here: www.honkhomes.org
What is the revenue of Housing Opportunities Of Northern Kentucky Inc?
Housing Opportunities Of Northern Kentucky Inc's revenue in 2022 was $673,041.
Official website here: www.honkhomes.org
Who are the executives of Housing Opportunities Of Northern Kentucky Inc and what are their salaries?
The average compensation at Housing Opportunities Of Northern Kentucky Inc during 2022 was $16,909. There are 11 employees and 225 volunteers at Housing Opportunities Of Northern Kentucky Inc.
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Official website here: www.honkhomes.org
Where can I find the form 990 for Housing Opportunities Of Northern Kentucky Inc?
Housing Opportunities Of Northern Kentucky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.honkhomes.org
Learn more at the official website: www.honkhomes.org
Mission Statement of Housing Opportunities Of Northern Kentucky Inc
Housing Opportunities of Northern Kentucky Inc, as a community housing developer, is dedicated to uplifting the aspirations, hopes, stability, and accomplishments of low-income working families. The organization's mission is to construct and renovate houses, serving as a platform for its homeownership program. This initiative aims to provide affordable housing solutions to low-income working individuals and families residing in Northern Kentucky. In addition to building and renovating houses, Housing Opportunities of Northern Kentucky Inc also offers rent-to-own housing options, alongside assistance and education in homeownership. This holistic approach to housing aims to empower these families, enabling them to achieve long-term stability and independence.
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Impact
July, 2024
Housing Opportunities Of Northern Kentucky Inc has a significant impact on the community by elevating the aspirations, hopes, stability, and accomplishment of low-income working families in Northern Kentucky. The organization provides rent-to-own housing options and assistance for homeownership, as well as educational support for low-income working individuals. By functioning as a community housing developer, the organization builds and rehabilitates houses for its homeownership program, ultimately helping to empower individuals and families to achieve stability and success in their housing situations.
This information is meant to be a general summary of Housing Opportunities Of Northern Kentucky 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: -$174,074
- Program Service Revenue: $55,902
- Gross Receipts: $1,517,352
Assets and Liabilities:
- Total Assets: $4,711,526
- Total Liabilities: $233,541
- Net Assets: $4,477,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST EARNED ON HOUSIN
Revenue
$55,902
Organization Details
Founding Year
1991
Phone
(859) 581-4665Principal Officer
David Hastings
Main Address
502 FRY STREET, COVINGTON, KY, 41011
Website
www.honkhomes.orgNTEE Category
Code: L200 - Housing
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