Overview
What is Home Ownership Financial Literacy Counci?
Home Ownership Financial Literacy Council is a nonprofit organization that prioritizes promoting financial literacy, particularly in relation to home ownership. They have recently filed their 2021 return late and are seeking penalty abatement to waive any late filing penalties. To further their mission, they collaborate with James Madison University's undergraduate seminar series, focusing on financial literacy and home ownership. Additionally, they offer legal services to support their initiatives. The organization aims to equip individuals with the necessary financial skills for home ownership, providing a valuable resource for many.
Is Home Ownership Financial Literacy Counci legitimate?
Home Ownership Financial Literacy Counci is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Ownership Financial Literacy Counci submitted a form 990EZ, 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.
What is the mission statement of Home Ownership Financial Literacy Counci?
The Home Ownership Financial Literacy Counci's mission is centered around promoting financial literacy, specifically in relation to home ownership. In an attempt to apply for penalty abatement due to late filing, they emphasize the importance of this financial education. They also engage with James Madison University's undergraduate seminar series, focusing on financial literacy and home ownership. Furthermore, they provide legal services to support their mission.
Who is the CEO of Home Ownership Financial Literacy Counci?
Sherri Farrell is the Trustee of Home Ownership Financial Literacy Counci.
What is the revenue of Home Ownership Financial Literacy Counci?
Home Ownership Financial Literacy Counci's revenue in 2022 was $112,870.
Who are the executives of Home Ownership Financial Literacy Counci and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Home Ownership Financial Literacy Counci?
Home Ownership Financial Literacy Counci's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Home Ownership Financial Literacy Counci
The Home Ownership Financial Literacy Council is an organization committed to promoting financial literacy, with a particular focus on home ownership. Recognizing the importance of financial education in this context, the council seeks to assist individuals in understanding the financial aspects associated with homeownership. To achieve this goal, the council organizes an undergraduate seminar series at James Madison University that focuses on financial literacy and home ownership. Furthermore, the council provides legal services, demonstrating its comprehensive approach to supporting individuals in their journey towards homeownership. The council recently filed its 2021 return late and has applied for penalty abatement to waive the late filing penalty, indicating its dedication to adhering to financial and administrative responsibilities.
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Impact
October, 2024
The Home Ownership Financial Literacy Council significantly enhances financial literacy related to home ownership, equipping individuals with essential knowledge and skills necessary for making informed decisions in the housing market. By offering seminars, such as the optional series at James Madison University, the Council educates prospective homeowners on critical topics like budgeting, mortgage options, and the legal aspects of purchasing property.
Through its outreach efforts, the Council helps demystify the often complex processes of buying a home, enabling participants to navigate these challenges confidently. This education not only empowers individuals to improve their financial stability but also fosters responsible homeownership practices within the community.
Additionally, the availability of legal services furthers the Council’s mission by ensuring that individuals have access to accurate information and assistance in addressing potential legal issues related to home ownership. Overall, the Home Ownership Financial Literacy Council plays a pivotal role in promoting sustainable homeownership, contributing to healthier communities and informed citizens.
This information is meant to be a general summary of Home Ownership Financial Literacy Counci. 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: $8
- Gross Receipts: $112,870
Assets and Liabilities:
- Total Assets: $225,574
- Total Liabilities: $0
- Net Assets: $225,574
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Organization Details
Phone
(301) 634-3161Principal Officer
Sherri Farrell
Main Address
4416 EAST WEST HIGHWAY, BETHESDA, MD, 20814
NTEE Category
Code: P51 - Human services
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