Overview
What is Hampton Roads Housing Assistants Inc?
Hampton Roads Housing Assistants Inc is a nonprofit organization situated in Chesapeake, Virginia. Their primary mission is to aid first-time home buyers in achieving homeownership. Additionally, they offer a second chance for individuals who have previously lost their homes or are interested in purchasing a second property. They accomplish this by providing assistance with down payments, closing costs, and offering guidance throughout the home-buying process.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
Hampton Roads Housing Assistants Inc has received a rating of "Needs Improvement" from Charity Navigator, primarily due to its low performance in financial transparency and governance policies. While the organization excels in accountability and finance with a perfect score of 100% for its independent board and has a commendable program expense ratio of 98%, it struggles significantly in areas such as financial statement availability and essential policy adherence.
The organization scored zero points in critical governance areas, including conflict of interest and whistleblower policies, which are vital for ensuring transparency and ethical management. Additionally, the absence of financial statements on its website and inadequate documentation retention practices raise concerns about accountability. Despite these issues, the organization demonstrates a strong commitment to its mission, highlighted by its high program expense ratio, indicating that a significant portion of its expenditures directly supports its programs.
Overall, while Hampton Roads Housing Assistants Inc shows strengths in its governance structure, the lack of transparency and policy deficiencies are notable limitations that potential donors and stakeholders should consider. Improvement in these areas could significantly enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hampton Roads Housing Assistants Inc legitimate?
Hampton Roads Housing Assistants Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hampton Roads Housing Assistants 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 Hampton Roads Housing Assistants Inc?
Hampton Roads Housing Assistants Inc is committed to aiding first-time home buyers in achieving homeownership. Additionally, the organization offers a second chance for individuals who have lost their homes or wish to purchase a second property, by providing assistance with down payments and closing costs. The organization also offers guidance to these individuals, aiming to make the home buying process more accessible. By offering these services, Hampton Roads Housing Assistants Inc aims to contribute to the stability and well-being of families and communities.
Who is the CEO of Hampton Roads Housing Assistants Inc?
Anthony Horner is the President of Hampton Roads Housing Assistants Inc.
What is the revenue of Hampton Roads Housing Assistants Inc?
Hampton Roads Housing Assistants Inc's revenue in 2020 was $1,030,750.
Who are the executives of Hampton Roads Housing Assistants Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Hampton Roads Housing Assistants Inc?
Hampton Roads Housing Assistants Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Hampton Roads Housing Assistants Inc
Hampton Roads Housing Assistants Inc is committed to aiding first-time homebuyers in their pursuit of homeownership. Beyond this, the organization extends a helping hand to individuals who have previously lost their homes or express a desire to purchase a second property. By providing assistance with down payments and closing costs, Hampton Roads Housing Assistants Inc serves as a guiding light, empowering these individuals to take another step towards securing a place they can call home. The organization's mission is not only about facilitating homeownership but also offering a second chance to those who have faced difficulties in this regard.
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Impact
July, 2024
Hampton Roads Housing Assistants Inc's impact is significant in facilitating homeownership for first-time buyers and offering a second chance to individuals who have lost their homes or are looking to purchase a second home. By assisting with down payments, closing costs, and providing guidance, the organization plays a crucial role in helping individuals achieve their dream of owning a home. Their mission to provide support and opportunities in the housing sector contributes positively to the community by empowering individuals to secure stable and sustainable housing options.
This information is meant to be a general summary of Hampton Roads Housing Assistants 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 2020.
- Program Service Revenue: $1,030,750
- Gross Receipts: $1,030,750
Assets and Liabilities:
- Total Assets: $311,808
- Total Liabilities: $169,727
- Net Assets: $142,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rehab of Properties
Revenue
$1,030,750
Organization Details
Founding Year
2016
Principal Officer
Anthony Horner
Main Address
109G Gainsborough St STE 117, Chesapeake, VA, 23320
NTEE Category
Code: L25 - Housing
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