Housing Opportunities Mortgage Assistance & Effective Neighborhoo
- Assets
- $9.9m
- Revenue
- $893.6k
- Investments
- $0.0
- Employees
- 43
- Location
- Ft Lauderdale, FL
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 65-0870180
Organization Overview
Housing Opportunities Mortgage Assistance & Effective Neighborhoo, operating under the name Homes Inc, is located in Ft Lauderdale, FL. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Homes Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Homes Inc generated $893.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY COMMUNITY AND ECONOMIC DEVELOPMENT, BENEFITING AT RISK AND DISADVANTAGED RESIDENTS AND NEIGHBORHOODS IN BROWARD COUNTY,FLL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING YOUTHS PROGRAM - PROVIDING FURNISHED, SUBSIDIZED RENTAL APARTMENTS FOR UP TO 21 YOUNG ADULTS AGES 18-24 (AND THEIR CHILDREN) WHO HAVE AGED OUT OF THE STATE'S FOSTER CARE AND RELATIVE CARE SYSTEM, TOGETHER WITH VARIOUS TYPES OF PROGRAMMATIC SUPPORT (INCLUDING PAID INTERNSHIPS, JOB AND LIFE COACHING, FINANCIAL CAPABILITY CLASSES, AND PLACING YOUTHS IN SCHOOL) WITH THE GOAL OF HELPING THIS AT RISK POPULATION ACHIEVE SELF-SUFFICIENCY.
RESIDENTIAL AND COMMERCIAL RENTAL PROGRAM - PROVIDING QUALITY RENTAL APARTMENTS AND HOMES AFFORDABLE TO LOW-INCOME FAMILIES AND QUALITY OFFICE SPACES AVAILABLE TO LOCAL NONPROFITS.
NEIGHBORHOOD REVITALIZATION PROGRAM - WORKING WITH LOCAL BUSINESS GROUPS, CIVIC GROUPS AND THE CITY GOVERNMENT SINCE 2008 TO DEVELOP AND IMPLEMENT A PLAN FOR IMPROVING AND TRANSFORMING THE CENTRAL CITY CRA (THE AREA WHERE THE ORGANIZATION'S OFFICES AND PROPERTY ARE LOCATED) IN FORT LAUDERDALE, BROWARD COUNTY, FLORIDA. BEGINNING IN 2017, THIS PROGRAM IS BEING EXPANDED TO THE BROWARD MUNICIPAL SERVICE DISTRICT AREA, WHERE THE ORGANIZATION AND OTHER NONPROFITS ARE BUILDING RESIDENCES.
HOME-OWNERSHIP PROGRAM - SINCE INCEPTION, H.O.M.E.S., INC. HAS BUILT AND/OR RENOVATED APPROXIMATELY 300 SINGLE FAMILY HOMES FOR SALE AFFORDABLY TO LOWER-INCOME WORKING FAMILIES, OFTEN IN PARTNERSHIP WITH LOCAL GOVERNMENT AND OTHER NONPROFITS. HOMEBUYER EDUCATION, CREDIT COUNSELING AND DOWN PAYMENT ASSISTANCE TO BUYERS HAVE BEEN PROVIDED TO PURCHASERS. HEALTH AND WELLNESS PROGRAM - UTILIZING THE OUTDOOR KITCHEN FACILITY AND ADJACENT GARDEN SPACE AT THE ORGANIZATION'S CAMPUS, THE GOAL OF THIS PROGRAM IS TO CREATE OPPORTUNITIES FOR VARIOUS AT-RISK COMMUNITY RESIDENTS TO PARTICIPATE IN EXERCISE, GARDENING, COOKING, MEAL PLANNING, NUTRITION CLASSES, RECEIVE FRESH FOOD DISBURSEMENTS, AND SIMILAR ACTIVITIES. THE PURPOSE OF THE PROGRAM IS TO ENCOURAGE COMMUNITY RESIDENTS IN ADOPTING A HEALTHIER LIFESTYLE, AND TO SHARE INFORMATION AND TOOLS WHICH FACILITATE THIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Taylor Ceo/executive Director | Officer | 40 | $104,939 |
Ronit Amir-Campos Cfo/treasurer | Officer | 40 | $65,282 |
Marie Mcginley Secretary | OfficerTrustee | 1 | $0 |
Paul Minoff Vice Chair | OfficerTrustee | 1 | $0 |
Patricia Bessemer Board Chair | OfficerTrustee | 1 | $0 |
Phillip Debiasi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,813 |
| Related organizations | $0 |
| Government grants | $235,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,397 |
| Total Program Service Revenue | $276,822 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $893,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,471 |
| Compensation of current officers, directors, key employees. | $10,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,187 |
| Payroll taxes | $36,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,475 |
| Advertising and promotion | $0 |
| Office expenses | $29,667 |
| Information technology | $10,075 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,841 |
| Insurance | $55,011 |
| All other expenses | $11,370 |
| Total functional expenses | $1,027,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,516 |
| Accounts receivable, net | $8,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,853 |
| Net Land, buildings, and equipment | $9,502,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,716 |
| Total assets | $9,898,573 |
| Accounts payable and accrued expenses | $87,144 |
| Grants payable | $0 |
| Deferred revenue | $111,672 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,328,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $867,788 |
| Total liabilities | $3,394,908 |
| Net assets without donor restrictions | $6,503,665 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,898,573 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Opportunities Mortgage Assistance & Effective Neighborhoo has recieved totaling $39,585.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: HUMAN SERVICE | $33,585 |
Alta Good Deeds Foundation Washington, DC PURPOSE: GENERAL PROGRAM GRANT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |
Greater Birmingham Habitat For Humanity Inc Fairfield, AL | $36,123,846 | $9,151,776 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |