Homeownership Council of America
Homeownership Council of America
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About this organization
Mission
The Homeownership Council of America's mission is to expand economic opportunity for underserved communities through homeownership. We do this by advancing growth in mortgage-lending activity through Community Development Financial Institutions (CDFI) and preparatory services through HUD-Approved housing counseling agencies. We partner with industry leaders to leverage their capital with local nonprofit capacity, promoting community investments and access to credit. Collaboratively, we build partnerships for sustainable delivery systems that provide vital pathways to prosperity for people of color, low to moderate income, and rural communities.
About
(CLIMB) Community Lending Initiatives in Mortgage Banking is a technical assistance and capacity building service to with CDFIs and HUD approved housing counseling organizations that work in homeownership services for low income populations and other underserved communities. HCA provides specialized services and industry experience to each organization's leadership to build a model of revenue generation that both meets these organization's missions as well as provides support for operations. These models relieve some of the burden from grant revenue, which can be volatile and not sustainable to fund these vital programs that provide access to credit and preparatory services for low income communities and underserved populations.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “The homeownership council of america's mission is to expand economic opportunity for underserved communities through homeownership. we do this by advancing growth in mortgage-lending activity through community development financial institutions (cdfi) and preparatory services through hud-approved housing counseling agencies. we partner with industry leaders to leverage their capital with local nonprofit capacity, promoting community investments and access to credit. collaboratively, we build partnerships for sustainable delivery systems that provide vital pathways to prosperity for people of color, low to moderate income, and rural communities.”.
When talking about its functions, they were outlined as: “The homeownership council of america's mission is to expand economic opportunity for underserved communities through homeownership. we do this by advancing growth in mortgage-lending activity through community development financial institutions (cdfi) and preparatory services through hud-approved housing counseling agencies. we partner with industry leaders to leverage their capital with local nonprofit capacity, promoting community investments and access to credit. collaboratively, we build partnerships for sustainable delivery systems that provide vital pathways to prosperity for people of color, low to moderate income, and rural communities.”.
- The legally reported state of operation for the non-profit is CA.
- According to the filing, the non-profit's address in 2020 is 1611 East 4th Street 100b, Santa Ana, CA, 92701.
- The non-profit organization as of 2020 has a total of 5 employees reported on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- 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 -$1,010.
- The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 4 independent voting members.
- The organization was formed in 2006.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $197,714 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has a written whistleblower policy.