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Esperance Homes Inc

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

EIN: 311774943 ✦ Gaithersburg, MD ✦ Designated as a 501(c)(3)

Overview

What is Esperance Homes Inc?

Esperance Homes Inc is a Maryland nonprofit organization, established in February 2001, with a mission to provide affordable housing to individuals with disabilities, particularly those with chronic mental illness. The organization operates six units located in Montgomery County, Maryland, and falls under Section 811 of the National Affordable Housing Act. This act regulates the rent charges and operating methods of the project, ensuring fair and accessible housing for its residents. Esperance Homes Inc receives assistance from the U.S. Department of Housing and Urban Development to fulfill its mission, aiming to improve the lives of its residents by offering them a safe and supportive housing environment.


Is Esperance Homes Inc legitimate?

Esperance Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esperance Homes 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.

Here 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 Esperance Homes Inc?
Who is the CEO of Esperance Homes Inc?
What is the revenue of Esperance Homes Inc?
Who are the executives of Esperance Homes Inc and what are their salaries?
Where can I find the form 990 for Esperance Homes Inc?

Mission Statement of Esperance Homes Inc

Esperance Homes Inc, a Maryland-based corporation, was established in February 2001 with a mission to provide affordable housing for individuals with disabilities. In line with Section 811 of the National Affordable Housing Act, this nonprofit organization aims to create and maintain housing facilities that cater specifically to persons with chronic mental illness. The projects under Esperance Homes Inc are regulated by the U.S. Department of Housing and Urban Development, ensuring that rent charges and operating methods adhere to the guidelines set forth in the Act. By offering affordable and well-regulated housing, Esperance Homes Inc seeks to make a significant difference in the lives of those in need, providing them with a safe and supportive living environment.

Impact

This information is meant to be a general summary of Esperance Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Tuesday, June 18, 2024

Esperance Homes Inc's impact lies in its mission to provide affordable housing to persons with disabilities, specifically those with chronic mental illness. By acquiring, developing, and operating housing units in Montgomery County, Maryland, Esperance Homes Inc is addressing a critical need for individuals who require supportive living environments. Through its adherence to the regulations set forth by the U.S. Department of Housing and Urban Development, the organization ensures that its residents have access to safe and affordable housing options. This initiative not only improves the quality of life for those with mental health challenges but also promotes inclusivity and community integration.





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: $19
  • Program Service Revenue: $20,528
  • Gross Receipts: $60,708

    • Assets and Liabilities:
  • Total Assets: $460,236
  • Total Liabilities: $596,867
  • Net Assets: -$136,631
  • Programs

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

    RENTAL INCOME

    Revenue

    $20,528

    Organization Details

    Founding Year

    2001

    Principal Officer

    Sarah Norman

    Main Address

    610 EAST DIAMOND AVE 100, GAITHERSBURG, MD, 20877

    NTEE Category

    Code: F33 - Mental health

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