Overview
What is Homeownership Center Of Tacoma?
The Homeownership Center of Tacoma is a dedicated nonprofit organization situated in Tacoma, Washington. Their primary mission revolves around constructing and renovating affordable residences for sale to first-time, low-income home buyers. To ensure that eligible buyers are well-prepared, the center offers financial counseling and comprehensive homebuyer education programs. By doing so, they empower individuals to become responsible homeowners, thereby contributing to their community's overall housing stability. With a team of four dedicated professionals, the Homeownership Center of Tacoma is a vital resource for those seeking affordable housing opportunities in Washington State.
Official website here: www.hcthomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. This outstanding score reflects the Homeownership Center of Tacoma's strong performance in accountability and finance, indicating a well-managed organization committed to transparency and responsible stewardship of resources.
The organization boasts a 100% independent board with seven members, ensuring that decisions are made without conflicts of interest. It also excels in financial reporting, receiving full points for its audited financial statements and demonstrating no material diversion of assets. Additionally, the high program expense ratio of 81.83% suggests that a significant portion of its expenditures directly supports its mission.
While the data highlights impressive accountability measures, specific programmatic outcomes or impact metrics are not detailed in this summary. Nevertheless, the Homeownership Center of Tacoma's strong financial practices and governance structure position it as a trustworthy nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Homeownership Center Of Tacoma legitimate?
Homeownership Center Of Tacoma is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeownership Center Of Tacoma 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: $170,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,107
For more financial information, click here
Official website here: www.hcthomes.org
What is the mission statement of Homeownership Center Of Tacoma?
The Homeownership Center of Tacoma's mission is centered around rehabilitating and constructing homes for sale to first-time, low-income homebuyers in Washington State. This organization also provides counseling services to potential first-time homebuyers to prepare them for homeownership. Through its homeownership program, they construct and rehabilitate affordable homes, and sell them to qualified buyers. The center aids in preparing potential buyers by offering financial counseling and homebuyer education.
Official website here: www.hcthomes.org
Who is the CEO of Homeownership Center Of Tacoma?
Susan Elkin is the Executive Director of Homeownership Center Of Tacoma.
Official website here: www.hcthomes.org
What is the revenue of Homeownership Center Of Tacoma?
Homeownership Center Of Tacoma's revenue in 2022 was $893,072.
Official website here: www.hcthomes.org
Who are the executives of Homeownership Center Of Tacoma and what are their salaries?
The average compensation at Homeownership Center Of Tacoma during 2022 was $51,774. There are 4 employees and 18 volunteers at Homeownership Center Of Tacoma.
Here are 14 key members and their salaries:
- Compensation: $105,060
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- Compensation: $82,600
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Official website here: www.hcthomes.org
Where can I find the form 990 for Homeownership Center Of Tacoma?
Homeownership Center Of Tacoma's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcthomes.org
Learn more at the official website: www.hcthomes.org
Mission Statement of Homeownership Center Of Tacoma
The Homeownership Center of Tacoma is dedicated to rehabilitating and constructing affordable homes for first-time, low-income homebuyers in Washington State. Beyond constructing and renovating homes, the organization offers counseling services to potential buyers. This counseling and education program aims to prepare individuals financially for homeownership, ensuring that qualified buyers can purchase these affordable homes. By providing both housing opportunities and financial guidance, the Homeownership Center of Tacoma plays a significant role in making homeownership a reality for low-income families, helping them build a stable foundation for their future.
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Impact
July, 2024
The Homeownership Center Of Tacoma's impact lies in its mission to rehabilitate and construct homes for sale to first-time, low-income home buyers in Washington State. By providing counseling and education to potential buyers, this organization helps individuals achieve the dream of homeownership. Through their efforts, they contribute to increasing access to affordable housing for low and moderate-income individuals in the community.
This information is meant to be a general summary of Homeownership Center Of Tacoma. 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: $303
- Program Service Revenue: $693,424
- Gross Receipts: $893,072
Assets and Liabilities:
- Total Assets: $2,806,343
- Total Liabilities: $2,773,606
- Net Assets: $32,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY SALES
Revenue
$668,424
DEVELOPER FEES
Revenue
$25,000
Organization Details
Founding Year
1993
Phone
(253) 627-6560Principal Officer
Susan Elkin
Main Address
1424 SOUTH J STREET, TACOMA, WA, 98405
Website
www.hcthomes.orgNTEE Category
Code: L210 - Housing
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