Overview
What is Homes For Iowa Inc?
Homes For Iowa Inc is a nonprofit organization situated in Anamosa, Iowa, primarily focused on addressing the state's housing shortage and reducing recidivism. They achieve this by partnering with the Iowa government to train convicted offenders in various skilled trades. These individuals undergo job and apprenticeship training while constructing housing units for Iowans. By engaging in this program, the organization not only helps alleviate the housing crisis in the state but also provides offenders with valuable skills, potentially reducing their chances of reoffending. The primary activity of Homes For Iowa Inc revolves around home construction, contributing to the community and offering a second chance to individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Homes For Iowa Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement. The organization scored 65% overall, with a notable concern regarding its financial transparency, as it has not provided any financial statements. While 100% of the board members are independent, which is a strength, the absence of key policies and documentation detracts from their accountability score.
Despite the lack of financial documentation, Homes For Iowa maintains a strong program expense ratio at 81.54%, suggesting that the majority of their funds are directed towards their mission. The organization does exhibit strengths in governance with an entirely independent board and a low liabilities to assets ratio, reflecting financial stability. However, the missing conflict of interest and whistleblower policies highlight governance weaknesses that need to be addressed.
Overall, while Homes For Iowa Inc demonstrates a commitment to its mission through efficient program spending, the organization must enhance its financial reporting and governance practices to improve its rating and build trust with donors and stakeholders. Addressing these limitations will be essential for the nonprofit to strengthen its accountability and transparency in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Homes For Iowa Inc legitimate?
Homes For Iowa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homes For Iowa 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 Homes For Iowa Inc?
Homes For Iowa Inc's mission is centered around addressing Iowa's housing shortage and reducing recidivism. This is achieved by establishing a partnership with the state, allowing convicted offenders to undergo job and apprentice training while constructing homes. The organization's primary focus is on home construction, offering a unique opportunity for individuals to gain skills while contributing to the provision of housing for people in Iowa. By providing this service, Homes For Iowa Inc aims to contribute to the community and provide a second chance for those who have served their sentences. The organization's activities are primarily centered around home construction and skill development.
Who is the CEO of Homes For Iowa Inc?
Mike Norris is the President of Homes For Iowa Inc.
What is the revenue of Homes For Iowa Inc?
Homes For Iowa Inc's revenue in 2022 was $2,214,500.
Who are the executives of Homes For Iowa Inc and what are their salaries?
There 15 volunteers at Homes For Iowa Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Homes For Iowa Inc?
Homes For Iowa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Homes For Iowa Inc
Homes For Iowa, a notable nonprofit organization, is dedicated to addressing Iowa's housing shortage and reducing recidivism rates. They achieve this by offering job and apprentice training in skilled trades to convicted offenders. In return, these individuals contribute to the construction of housing units for Iowa residents. The organization's primary focus is on home construction, which is central to their mission. By providing this opportunity, Homes For Iowa not only helps alleviate the housing crisis in Iowa but also empowers offenders, potentially reducing their chances of reoffending. This innovative approach combines social responsibility with vocational training, making a significant impact in both the housing and criminal justice sectors.
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Impact
July, 2024
Homes For Iowa Inc's impact is significant in addressing Iowa's housing shortage and reducing recidivism by training offenders in skilled trades. Through their partnership with the state of Iowa, the organization provides job and apprentice training to convicted offenders while constructing housing units for consumption by individuals in Iowa. Their primary program focuses on home construction, contributing to the availability of housing options in the state and offering valuable opportunities for individuals seeking a fresh start after incarceration. Their commitment to both housing provision and offender rehabilitation makes a positive difference in the community and the lives of those involved.
This information is meant to be a general summary of Homes For Iowa 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.
- Program Service Revenue: $2,214,500
- Gross Receipts: $2,214,500
Assets and Liabilities:
- Total Assets: $810,412
- Total Liabilities: $481,564
- Net Assets: $328,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$2,214,500
Organization Details
Founding Year
2019
Principal Officer
Mike Norris
Main Address
406 N HIGH ST, ANAMOSA, IA, 52205
NTEE Category
Code: L99 - Housing
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