EIN 22-2873559

Housing Operations Management Enterprises (HOME)

IRS 501(c) type
501(c)(3)
Num. employees
9
Year formed
1987
Most recent tax filings
2023-03-01
Description
HOME develops and manages affordable housing for disadvantaged populations through housing management, development, and counseling in New Haven.
Total revenues
$1,365,688
2023
Total expenses
$1,364,318
2023
Total assets
$7,278,711
2023
Num. employees
9
2023

Program areas at HOME

Property Management of Affordable Housing. Provision of resident-oriented property management services through which human development and increased integration into mainstream housing is fostered while shelter is provided. Housing for mentally-ill and other disabled persons emphasized. Accomplishments through 3/31/23: 141 units under management; all units owned by non-profit organizations or controlled subsidiaries of non-profit organizations. Resident services program (e.g., referrals to service agencies) operated.
Affordable Housing Development. Development, purchase, and construction to preserve and improve affordable housing in the greater New Haven area; target population is that all residents will earn less than 80% of median income and that more than half will earn less than 50% of median. Housing for mentally-ill and other disabled persons emphasized. Accomplishments in FY23: Continued development of 2 supportive housing projects with 30 units; $555,000 raised for rehabilitation of 5 developments; one project abandoned. Cumulative accomplishments through 3/31/23: 111 units built; full financing being sought on 30 additional units. Also, assisted managed properties to acquire additional units and renovate existing units. Cumulative accomplishments through 3/31/23: 10 units acquired with $575,000 in financing; rehabilitation loans or grants totaling $4,962,000 for 332 units secured.
Housing Counseling Program. Provides counseling to holders of Section 8 vouchers and others regarding opportunities to move out of high-poverty areas. Program temporarily inactive. Accomplishments 7/1/22 - 6/30/23 : 0 clients counseled; 0 clients leased-up; 0 clients leased-up in target lower-poverty neighborhoods; 0 clients placed in suburban areas. Cumulative accomplishments to 6/30/23: 2,264 clients counseled; 1,109 clients placed in housing; 679 clients leased-up in target lower-poverty neighborhoods; 358 clients placed in suburban areas. This program has been temporarily suspended; the organization is actively seeking funding to resume this program.
Affordable Housing Operation and Preservation. Operation of residential real estate to preserve and improve affordable housing in the greater New Haven area; target population is that all residents will earn less than 80% of median income and that more than half will earn less than 50% of median. Cumulative accomplishments through March 31, 2023: 110 units owned and operated; all residents are at 50% of median or below, and approximately 60% of units house persons with disabilities.

Who funds Housing Operations Management Enterprises (HOME)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation for Greater New HavenGeneral Operating Support$35,000

Personnel at HOME

NameTitleCompensation
Brett HillPresident$105,600
Rose ColletBookkeeper
Tom GilloranTreasurer$0
Shellina ToureChair$0
Francesca MartinSecretary$0

Financials for HOME

RevenuesFYE 03/2023
Total grants, contributions, etc.$857,731
Program services$741,919
Investment income and dividends$-536
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-233,426
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,365,688

Form 990s for HOME

Fiscal year endingDate received by IRSFormPDF link
2023-032023-10-06990View PDF
2022-032022-09-21990View PDF
2021-032021-10-28990View PDF
2020-032022-01-18990View PDF
2019-032019-11-18990View PDF
...and 8 more Form 990s
Data update history
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $35,000 from Community Foundation for Greater New Haven
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousingHomelessness
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
560 Whalley Ave
New Haven, CT 06511
Metro area
New Haven-Milford, CT
Phone
(203) 562-4663
IRS details
EIN
22-2873559
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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