Overview
What is Homeword Inc?
Homeword Inc, located in Missoula, Montana, is a nonprofit organization committed to providing affordable and sustainable housing solutions. They accomplish this by overseeing the asset management of their developed properties, ensuring regulatory compliance and financial management once construction and development are complete. Homeword goes beyond just property management, as they also prioritize community strengthening through housing counseling and educational programs. With a dedicated workforce of 18 employees, Homeword Inc's mission is to create safe and healthy homes for individuals and contribute positively to their community.
Official website here: www.homeword.org
What are the reviews and ratings of this charity?
**Homeword Inc : Charity Navigator Rating 100% (Four-Star out of Four Stars)**tar)**
Homeword Inc has achieved an exemplary rating of 100% from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates a robust governance structure with a fully independent board and adherence to best practices in financial oversight. Key areas such as transparency, program efficiency, and the lack of asset diversion contribute to its high score, underscoring its commitment to responsible management of resources.
The organization focuses on delivering impactful programs, as indicated by its impressive program expense ratio of 97.23%, which suggests that nearly all of its expenditures are directed toward its mission. Homeword Inc maintains compliant financial practices, including the posting of essential documents like board meeting minutes and tax forms on its website, enhancing transparency for stakeholders.
While the charity shows strong financial governance, it's important to note that certain aspects of its impact measurement and cultural effectiveness have not been scored, indicating areas for potential improvement or further assessment. Unfortunately, there are no user reviews available from GreatNonprofits to provide additional insights into public sentiment towards the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Homeword Inc legitimate?
Homeword Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeword 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: $342,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $564,065
For more financial information, click here
Official website here: www.homeword.org
What is the mission statement of Homeword Inc?
Homeword Inc's mission is centered around providing safe and affordable housing while also enhancing communities. They achieve this by employing sustainable methods and offering housing counseling and educational services. By doing so, Homeword aims to create a positive impact, ensuring that individuals can live in healthy homes. After the construction and development of properties, Homeword oversees regulatory compliance and financial management to ensure the properties are maintained effectively.
Official website here: www.homeword.org
What is the revenue of Homeword Inc?
Homeword Inc's revenue in 2024 was $13,199,994.
Official website here: www.homeword.org
Who are the executives of Homeword Inc and what are their salaries?
The average compensation at Homeword Inc during 2024 was $69,766. There are 13 employees and 34 volunteers at Homeword Inc.
Here are 17 key members and their salaries:
- Compensation: $102,379
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- Compensation: $94,240
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- Compensation: $55,342
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Official website here: www.homeword.org
Where can I find the form 990 for Homeword Inc?
Homeword Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.homeword.org
Learn more at the official website: www.homeword.org
Mission Statement of Homeword Inc
Homeword Inc, a nonprofit organization, employs sustainable methods to ensure the provision of affordable, safe, and healthy homes for individuals and communities. Beyond constructing and developing properties, Homeword Inc plays a crucial role in strengthening its community by offering housing counseling and educational services. By overseeing the asset management of its properties, Homeword Inc ensures regulatory compliance and financial management, ensuring that the developed homes remain secure and financially sound. Through its housing counseling and education services, Homeword Inc empowers individuals and families to make informed decisions about their housing, ultimately fostering a stronger and more stable community.
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Impact
July, 2024
Homeword Inc's impact lies in its commitment to providing safe, healthy, and affordable homes while also strengthening communities through housing counseling and education. By utilizing sustainable methods, Homeword ensures that individuals and families have access to quality housing that meets their needs. Additionally, their focus on education and counseling helps empower residents to make informed decisions about housing and financial stability. Through their property management activities, Homeword maintains the quality and sustainability of the properties they develop, contributing positively to the local housing market and community well-being.
This information is meant to be a general summary of Homeword 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 2024.
- Investment Income: $26,556
- Program Service Revenue: $11,942,645
- Gross Receipts: $13,199,994
Assets and Liabilities:
- Total Assets: $58,911,808
- Total Liabilities: $24,857,550
- Net Assets: $34,054,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$2,842,071
LOAN INTEREST
Revenue
$944,425
OTHER
Revenue
$2,568,332
OTHER SERVICES
Revenue
$237,887
RENTS
Revenue
$5,349,930
Organization Details
Founding Year
1998
Principal Officer
Karissa Trujillo
Website
www.homeword.orgNTEE Category
Code: L21 - Housing
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