nonprofit logo

Nw Homestart Inc

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

EIN: 364143938 ✦ Freeport, IL ✦ Designated as a 501(c)(3)

Overview

What is Nw Homestart Inc?

Nw Homestart Inc, located in Freeport, Illinois, is a dedicated nonprofit organization that aims to foster vibrant and healthy communities in Northern Illinois. Their mission revolves around connecting individuals and families to beneficial and affordable housing resources, and spearheading community-based solutions to local challenges. In practical terms, they provide assistance to families facing foreclosure, helping them find positive resolutions. In 2021, Nw Homestart Inc managed to assist 6 families in avoiding foreclosure, and also offered home rehabilitation grants to 6 families in Rockford and Belvidere. Despite the foreclosure moratorium and forbearance offers by lenders, they continued to offer one-on-one sessions to those in need. The organization is led by a team of 16 employees, demonstrating a strong commitment to their cause.


Is Nw Homestart Inc legitimate?

Nw Homestart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nw Homestart 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: $67,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,905

For more financial information, click here


What is the mission statement of Nw Homestart Inc?
Who is the CEO of Nw Homestart Inc?
What is the revenue of Nw Homestart Inc?
Who are the executives of Nw Homestart Inc and what are their salaries?
Where can I find the form 990 for Nw Homestart Inc?

Mission Statement of Nw Homestart Inc

Nw Homestart Inc, a nonprofit organization, is dedicated to fostering vibrant and healthy communities in Northern Illinois. They achieve this mission by connecting individuals and families with beneficial and affordable housing resources. Moreover, Nw Homestart Inc leads community-based solutions to address local challenges.

In a nutshell, Nw Homestart Inc serves as a bridge between those in need of housing assistance and the resources required to secure and maintain their homes. By doing so, they contribute to the well-being of their communities, ensuring stable living environments for its inhabitants.

One of Nw Homestart Inc's key initiatives is home ownership preservation. They assist families who are at risk of foreclosure, working with them to find favorable solutions to their predicament. Despite the foreclosure moratorium and lender forbearances in 2021, Nw Homestart Inc was still available to provide one-on-one sessions, assisting six families in avoiding foreclosure. Furthermore, they also helped six families with home rehabilitation grants in Rockford and Belvidere.

In summary, Nw Homestart Inc is a vital resource for individuals and families seeking housing assistance in Northern Illinois. By connecting them to beneficial and affordable housing resources, and leading community-based solutions to local challenges, they strive to create and maintain vibrant, healthy communities.

Impact

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




Thursday, August 15, 2024

Nw Homestart Inc plays a vital role in Northern Illinois by connecting individuals and families to beneficial and affordable housing resources. Through their efforts, they have assisted numerous families facing foreclosure by working with them to find positive resolutions. In 2021, they were able to help 6 families avoid foreclosure and provided home rehabilitation grants to another 6 families in Rockford and Belvidere. By focusing on home ownership preservation and community-based solutions, Nw Homestart Inc contributes to creating vibrant and healthy communities in the region.





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 2021.

  • Investment Income: $572
  • Program Service Revenue: $88,789
  • Gross Receipts: $843,089

    • Assets and Liabilities:
  • Total Assets: $1,557,352
  • Total Liabilities: $365,824
  • Net Assets: $1,191,528
  • Programs

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

    FEES FOR SERVICES

    Revenue

    $83,252

    LOAN FEES AND INTEREST

    Revenue

    $5,537

    Organization Details

    Founding Year

    1997

    Principal Officer

    Claire Rees

    Main Address

    307 W MAIN ST, FREEPORT, IL, 610324219

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Nw Homestart Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.