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Homeless No More Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954660291 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is Homeless No More Inc?

Homeless No More Inc. is a nonprofit organization dedicated to offering affordable housing solutions for disabled women, particularly mothers with children, who earn 50% or less of the local median income. Based in Los Angeles, California, the organization operates under section 811 of the Cranston-Gonzales National Affordable Housing Act. Their mission is to provide a safe and supportive living environment for these women, helping them overcome housing insecurity and improve their quality of life.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58%, One-Star out of Four Stars

Homeless No More Inc has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The rating is primarily derived from a single beacon score, with the organization scoring particularly low due to missing essential policies and documentation, such as a conflict of interest policy and a whistleblower policy, which are critical for transparency and governance.

On the positive side, the organization does benefit from having a majority of independent board members, scoring full points in that area, and it shows a strong commitment to its mission with a program expense ratio of 91.12%. This indicates that a substantial portion of its expenses goes directly towards programs, which is a positive sign for donors looking to support effective nonprofits.

However, the high liabilities to assets ratio of 368.37% raises red flags regarding financial stability, which may pose risks to the organization's sustainability and operations. The absence of a website link on its tax form and missing financial documentation further detracts from its accountability score. Overall, while the organization shows some strengths, significant improvements are needed in governance and financial management to enhance its rating and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Homeless No More Inc legitimate?

Homeless No More Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeless No More 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: $0

For more financial information, click here

What is the mission statement of Homeless No More Inc?

Homeless No More Inc., as an organization, is dedicated to offering low-income housing solutions for disabled women and mothers with children, falling under the 50% income bracket of the local median income. Operating under Section 811 of the Cranston-Gonzales National Affordable Housing Act, Homeless No More Inc. provides these individuals with a secure and affordable living space. While the specific location of their housing project is in Los Angeles, CA, their mission extends beyond this, focusing on providing essential housing support to those in need.

Who is the CEO of Homeless No More Inc?

Maureen Binder is the President of Homeless No More Inc.

What is the revenue of Homeless No More Inc?

Homeless No More Inc's revenue in 2022 was $179,051.

Who are the executives of Homeless No More Inc and what are their salaries?


Here are 4 key members and their salaries:


Lorri Perreault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Binder (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan O'Brien (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexandria Arnold (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Homeless No More Inc?

Homeless No More Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Homeless No More Inc

Homeless No More Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for disabled women and mothers with children. Under the Cranston-Gonzales National Affordable Housing Act, specifically section 811, the organization offers low-income housing options. The women and mothers eligible for these housing units have income levels that are 50% or less than the median income for their area. Homeless No More Inc's mission is to provide a secure and supportive living environment for these vulnerable individuals, enabling them to rebuild their lives and focus on their well-being. By offering this crucial service, Homeless No More Inc contributes significantly to breaking the cycle of homelessness and fostering self-sufficiency among its residents.

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Impact




October, 2024

Homeless No More Inc. significantly impacts the lives of disabled mothers and their children in Los Angeles by providing low-income housing designed specifically for those earning 50% or less of the area median income. By offering supportive living environments under section 811 of the Cranston-Gonzales National Affordable Housing Act, the organization helps to break the cycle of homelessness, empowering these women to secure stable housing and improve their quality of life. The project not only addresses immediate housing needs but also fosters a sense of community, safety, and support, allowing mothers to focus on their well-being and the well-being of their children. This crucial assistance contributes to greater stability and opportunity for some of the most vulnerable populations in the area.




This information is meant to be a general summary of Homeless No More 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.

Revenue
$179,051 (2022)
Expenses
$274,901 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $559
  • Program Service Revenue: $178,492
  • Gross Receipts: $179,051

Assets and Liabilities:

  • Total Assets: $620,805
  • Total Liabilities: $2,286,880
  • Net Assets: -$1,666,075

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees & Contracts Gov Agencies

Revenue

$123,490

Rents - tenants

Revenue

$55,002

Organization Details

Founding Year

1997

Principal Officer

Maureen Binder

Main Address

P O Box 15095, Los Angeles, CA, 90015

NTEE Category

Code: P80 - Human services

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