Overview
What is Habitat Omaha Affordable Mortgage Solutions Inc?
Habitat Omaha Affordable Mortgage Solutions Inc is a nonprofit organization based in Omaha, Nebraska, specifically at 1701 N 24TH STREET. Their primary mission is to develop communities by breaking down barriers to homeownership in the Omaha metropolitan area. They achieve this by underwriting, originating, and closing mortgages at affordable interest rates for low and moderate-income families. To ensure eligible homeowners are well-prepared, Habitat Omaha provides mortgage readiness sessions and one-on-one coaching. Their work is aimed at making homeownership accessible, contributing positively to the Omaha community.
Is Habitat Omaha Affordable Mortgage Solutions Inc legitimate?
Habitat Omaha Affordable Mortgage Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habitat Omaha Affordable Mortgage Solutions 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,547
For more financial information, click here
What is the mission statement of Habitat Omaha Affordable Mortgage Solutions Inc?
Habitat Omaha Affordable Mortgage Solutions Inc's mission is centered around developing communities for individuals in need. They aim to break down barriers to homeownership by originating affordable mortgages. This non-profit organization operates primarily in the Omaha metropolitan area, providing mortgages at reasonable interest rates to low and moderate income families. The homeowners undergo mortgage readiness education sessions and receive one-on-one coaching from Habitat Omaha, ensuring they are well-equipped to become homeowners.
Who is the CEO of Habitat Omaha Affordable Mortgage Solutions Inc?
Christine Tjelmeland is the President of Habitat Omaha Affordable Mortgage Solutions Inc.
What is the revenue of Habitat Omaha Affordable Mortgage Solutions Inc?
Habitat Omaha Affordable Mortgage Solutions Inc's revenue in 2022 was $595,038.
Who are the executives of Habitat Omaha Affordable Mortgage Solutions Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $258,410
- Other: $10,214
- Compensation: $0
- Related: $141,787
- Other: $4,254
- Compensation: $0
- Related: $215,005
- Other: $4,140
- Compensation: $0
- Related: $116,744
- Other: $19,056
- Compensation: $0
- Related: $155,612
- Other: $4,668
- Compensation: $0
- Related: $117,685
- Other: $3,530
- Compensation: $0
- Related: $113,674
- Other: $15,974
- Compensation: $0
- Related: $140,263
- Other: $42,714
Where can I find the form 990 for Habitat Omaha Affordable Mortgage Solutions Inc?
Habitat Omaha Affordable Mortgage Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Habitat Omaha Affordable Mortgage Solutions Inc
Habitat Omaha Affordable Mortgage Solutions Inc, as a Community Development Financial Institution (CDFI), is dedicated to a mission that goes beyond just originating mortgages. Its primary objective is to develop communities, focusing on individuals with low and moderate incomes. By breaking down barriers to homeownership, the organization aims to make this dream a reality for many families.
In achieving its mission, Habitat Omaha Affordable Mortgage Solutions Inc originates mortgages for affordable homes within the Omaha metropolitan area. It underwrites, originates, and closes these mortgages at affordable interest rates, making homeownership more accessible. The organization's efforts are not merely limited to financial assistance. It also provides mortgage readiness education sessions and one-on-one coaching through its 'Home Journey' program. Habitat Omaha Affordable Mortgage Solutions Inc empowers potential homeowners, equipping them with the necessary knowledge and guidance to navigate the homeownership process. This holistic approach to building communities with people in need is a testament to the organization's commitment to making a real and lasting impact.
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Impact
October, 2024
Habitat Omaha Affordable Mortgage Solutions Inc. has a significant impact on the Omaha metro area by providing low and moderate-income families with access to affordable homeownership. By originating mortgages for affordable homes, it addresses critical barriers to homeownership, fostering community development and economic stability.
Through programs like the "Home Journey" mortgage readiness education sessions and personalized coaching, Habitat Omaha empowers families with the knowledge and skills necessary to navigate the home buying process. This approach not only equips families with the tools to make informed financial decisions but also promotes sustainable homeownership, which can lead to increased community stability.
By offering affordable interest rates, Habitat Omaha ensures that homeownership remains within reach for those who might otherwise be excluded from the housing market. This commitment not only transforms individual lives but also contributes positively to the broader community, helping to nurture vibrant neighborhoods and promote social equity. Overall, Habitat Omaha plays a crucial role in breaking down the economic barriers that prevent families from achieving the dream of owning a home, thus fostering a more inclusive community in Omaha.
This information is meant to be a general summary of Habitat Omaha Affordable Mortgage Solutions 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: $212,342
- Program Service Revenue: $382,696
- Gross Receipts: $595,038
Assets and Liabilities:
- Total Assets: $11,682,746
- Total Liabilities: $11,682,746
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE UNDERWRITING
Revenue
$382,696
Organization Details
Founding Year
2021
Phone
(402) 457-5657Principal Officer
Christine Tjelmeland
Main Address
1701 N 24TH STREET, OMAHA, NE, 68110
NTEE Category
Code: P51 - Human services
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