Housing and Economic Opportunities Inc.
Housing and Economic Opportunities Inc.
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About this organization
Revenue
$264,079
Expenses
$390,247
Mission
Provides affordable housing and eliminates vacant, uninhabitable housing.
About
During 2017, heo and its partners completed the rehabilitation of a distressed public housing property using lihtc and provided 77 low income families with safe and affordable housing. heo also managed an 8 unit supportive housing property that allows persons with disabilities to live independently. heo completed construction in 2018 on another 8 unit supportive housing development for disabled individuals. this project was funded through the north carolina housing finance agency's supportive housing development program and cdbg funding from the city of wilmington. residents who would otherwise be living in assisted living or with family are offered the opportunity to live independently because of the partnership between heo and elderhaus to provide supportive services for all residents.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “To offer affordable housing and support so that no one shall believe they should live in substandard housing due to financial or social conditions.”.
When explaining its duties, they were described as: “Provides affordable housing and eliminates vacant, uninhabitable housing.”.
- The state in which the non-profit is authorized to operate legally is NC.
- According to the filing, the address of the non-profit for the year 2020 is 1524 S 16TH STREET NO 2ND FL, WILMINGTON, NC, 28401.
- The non-profit has reported 0 employees on their form for the year 2020.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$126,168.
- The organization has 10 independent voting members.
- The organization was formed in 1998.
- The organization pays $38,973 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.