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Centre For Homeownership & Economic Development

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

EIN: 272691355 ✦ Hillsborough, NC ✦ Designated as a 501(c)(3)

Overview

What is Centre For Homeownership & Economic Development?

Centre for Homeownership & Economic Development (CHOEDC) is a nonprofit organization headquartered in Hillsborough, North Carolina. With a focus on improving lives, CHOEDC offers services that promote health and wellness, economic stability, affordable housing, financial independence, job opportunities, business development, and small business training. They provide housing counseling services, financial literacy programs, and homeownership opportunities to help individuals and families achieve financial independence. Additionally, CHOEDC offers job services and business solutions to stimulate economic growth. Under the Healthy Opportunity Pilot Program, they offer non-medical housing services, and provide mental health care, substance abuse counseling, and peer support counseling in five designated areas throughout North Carolina. With a dedicated team of two employees, CHOEDC is committed to enriching and educating lives in their community.


Official website here: www.homeownershipcentre-ed.org

Is Centre For Homeownership & Economic Development legitimate?

Centre For Homeownership & Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centre For Homeownership & Economic Development 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.

Here are some key statistics you may want to consider:

Executive Compensation: $118,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,619

For more financial information, click here


Official website here: www.homeownershipcentre-ed.org

What is the mission statement of Centre For Homeownership & Economic Development?

The Centre for Homeownership & Economic Development's mission is to enrich and educate lives by offering various services. These include housing counseling, financial literacy, homeownership opportunities, job services, business solutions, and economic development. Their goal is to support innovative approaches in both urban and rural communities, focusing on health and wellness, economic stability, affordable housing, financial independence, jobs, business development, and small business training. Additionally, the center provides non-medical housing services under the Healthy Opportunity Pilot Program and offers mental health care, substance abuse counseling, and peer support counseling in five catchment areas across North Carolina.


Official website here: www.homeownershipcentre-ed.org

Who is the CEO of Centre For Homeownership & Economic Development?

James Stroud is the Board Chairman of Centre For Homeownership & Economic Development.


Official website here: www.homeownershipcentre-ed.org

What is the revenue of Centre For Homeownership & Economic Development?

Centre For Homeownership & Economic Development's revenue in 2022 was $1,111,973.


Official website here: www.homeownershipcentre-ed.org

Who are the executives of Centre For Homeownership & Economic Development and what are their salaries?

The average compensation at Centre For Homeownership & Economic Development during 2022 was $128,260. There are 2 employees and 10 volunteers at Centre For Homeownership & Economic Development.

Here are 13 key members and their salaries:

    James Stroud (Executive Director)
  • Compensation: $118,900
  • Related: $0
  • Other: $0

    • Steve Drake (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Harris (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daron Satterfield (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Nelson (Assistant Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vickie Feaster-Fornville (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Peter Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Moe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daisette Stroud (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melvin Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alfredo Macias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dylan Macias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homeownershipcentre-ed.org

    Where can I find the form 990 for Centre For Homeownership & Economic Development?

    The Centre For Homeownership & Economic Development’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.homeownershipcentre-ed.org

    Learn more at the official website: www.homeownershipcentre-ed.org

    Mission Statement of Centre For Homeownership & Economic Development

    The Centre for Homeownership & Economic Development is committed to enriching and educating lives by offering various services. Its mission is multifaceted, focusing on housing counseling services, financial literacy, homeownership opportunities, job services, business solutions, and economic development. By providing these resources, the organization aims to support innovative approaches in both urban and rural communities, focusing on health and wellness, economic stability, affordable housing, financial independence, job creation, business development, and small business training.

    In addition to these primary services, the Centre for Homeownership & Economic Development extends its reach to non-medical housing services under the Healthy Opportunity Pilot Program. This program is designed to address the unique needs of individuals and families in various communities across North Carolina. Furthermore, the organization offers mental health care, substance abuse counseling, and peer support counseling in five catchment areas throughout the state. By providing these comprehensive services, the Centre for Homeownership & Economic Development seeks to empower individuals and families, helping them achieve stability and independence in their lives.

    Impact

    This information is meant to be a general summary of Centre For Homeownership & Economic Development. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Centre For Homeownership & Economic Development's impact lies in enriching and educating lives through a comprehensive range of services. They provide housing counseling services, financial literacy programs, homeownership opportunities, job services, business solutions, and economic development initiatives. These efforts are aimed at supporting innovative approaches in both urban and rural communities, focusing on health and wellness, economic stability, affordable housing, financial independence, job creation, and small business training. Additionally, the organization offers non-medical housing services through the Healthy Opportunity Pilot Program, along with mental health care, substance abuse counseling, and peer support counseling in five catchment areas throughout North Carolina. Their mission to educate and empower individuals through various services plays a vital role in enhancing the well-being and economic prospects of the communities they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $194,116
  • Program Service Revenue: $55,367
  • Gross Receipts: $1,177,857

    • Assets and Liabilities:
  • Total Assets: $1,002,739
  • Total Liabilities: $350,543
  • Net Assets: $652,196
  • Programs

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

    PROGRAM INCOME

    Revenue

    $43,392

    RENTAL INCOME

    Revenue

    $11,975

    Organization Details

    Founding Year

    2010

    Principal Officer

    James Stroud

    Main Address

    960 CORPORATE DRIVE SUITE 405, HILLSBOROUGH, NC, 27278

    NTEE Category

    Code: B90 - Education

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