Home Ownership Center at Home Headquarte

Nonprofit profile at a glance

EIN
453576376
IRS 990 coverage
2014–2019
Forms available
Form 990 2019, Form 990-EZ 2013
Location
Syracuse, NY, USA
Phone
3154741939
Rating confidence
Limited
Sector
Financial Counseling

Reported finances

Revenue
$0
Expenses
$84,799
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KAREN SCHROEDER (PRESIDENT/DIRECTOR)

Highest reported compensation

  • KAREN SCHROEDER (PRESIDENT/DIRECTOR): $51,515 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide homebuyer counseling to prospective first-time homebuyers in order to prepare them for the benefits, costs and responsibilities of home ownership; to provide individual and group counseling services to increase knowledge or personal finance management for individuals and families seeking assistance; to provide on-going suport services through pre- and post- purchase counseling; to assist individuals and families who may be at risk for foreclosures with housing counseling services; to develop and support programs that promote responsbile and sustainable home-ownership and the public and quasi-public objective of this purpose is to assist low income individuals and families to purchase and remain in their homes.

What it reported doing in 2019

The home ownership center at home headquarters graduated -0- individuals from its homeownership training program. We facilitated -0- first-time homebuyers who purchased their first home in central New York. We prevented -0- foreclosures and provided counseling and related services to -0- individuals facing foreclosure in a five county region.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 78
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 23rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 15.9%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -18.2% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -16.9% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -20.7% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $85K in reported program spending
  • Leadership: top reported pay $52K · 5 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2014 to 2019
  • Contacts: How to reach this organization
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.