Housing Options & Planning Enterprises Inc
- Assets
- $769.2k
- Revenue
- $845.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Oxon Hill, MD
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 20-2526058
Organization Overview
Housing Options & Planning Enterprises Inc is located in Oxon Hill, MD. The organization was established in 2006. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 06/2022, Housing Options & Planning Enterprises Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Options & Planning Enterprises Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Housing Options & Planning Enterprises Inc generated $845.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $724.4k during the year ending 06/2022. While expenses have increased by 27.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE ACCESS TO HOUSING & CAPITAL FOR ALL PERSONS THROUGH COUNSELING, EDUCATION, ADVOCACY & COMMUNITY REVITALIZATION. H.O.P.E. OFFERS A WIDE RANGE OF SERVICES DESIGNED TO FOSTER SELF-EFFICIENCY, WEALTH BUILDING & HOUSING THAT MEETS THE NEEDS OF THE COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPLANATIONHOUSING COUNSELING SERVICES - OUR HOUSING COUNSELING PROGRAM SUPPORTS DELIVERY OF A WIDE VARIETY OF HOUSING COUNSELING SERVICES TO HOMEBUYERS, HOMEOWNERS, AND LOW-TO MODERATE-INCOME RENTERS. THE PRIMARY OBJECTIVES OF THE PROGRAM ARE TO EXPAND HOMEOWNERSHIP OPPORTUNITIES AND IMPROVE FINANCIAL WELL BEING. THE SERVICES PROVIDED ARE: HOME RETENTION, HOMEBUYER EDUCATION AND FINANCIAL CAPABILITIES. DEVELOPMENT OF AFFORDABLE HOUSING AND MANAGEMENT OF SUPPORTIVE HOUSING - H.O.P.E.CURRENTLY OPERATES RESIDENTIAL DEVELOPMENTS FOR SPECIAL POPULATIONS USING FUNDING PROVIDED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) FOR SECTION 202 AND 811 HOUSING. THESE THREE RESIDENTIAL DEVELOPMENTS (CHARLES, MUDD, AND WERNER) HOUSES THE ELDERLY AND DISABLED. H.O.P.E.' S DEVELOPMENT DIVISION REVITALIZES COMMUNITIES THROUGH FACADE IMPROVEMENT PROJECTS AND BY ACQUIRING AND REHABILITATING VACANT AND FORECLOSED SINGLE-FAMILY HOMES THROUGH ITS RESALE, RENT, OR RENT TO OWN PROGRAMS. THE OVERALL GOAL OF THE PROGRAM IS TO MAKE AFFORDABLE HOUSING AVAILABLE THROUGH SALE AND/OR RENTAL OPPORTUNITIES TO ELIGIBLE INDIVIDUALS AND FAMILIES. H.O.P.E. ALSO FOSTERS AN AESTHETICALLY BEAUTIFUL ARCHITECTURE THROUGH COMMUNITY DEVELOPMENT PROJECTS. THE PROJECTS INLUDE ARCHITECTURAL/DEVELOPMENT SERVICES, FACADE IMPROVEMENT, SECTION 811 - SPECIAL NEED HOUSING, AND SECTION 202 - SENIOR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Davis-Brown Director | Trustee | 0.5 | $0 |
Clarence Carter Director | Trustee | 0.5 | $0 |
Gerron Levi Director | Trustee | 0.5 | $0 |
Starr Hefferson Director | Trustee | 0.5 | $0 |
Delna Gray Director | Trustee | 0.5 | $0 |
Betty Habershon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,083 |
| Noncash contributions included in lines 1a–1f | $24,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,322 |
| Total Program Service Revenue | $25,456 |
| Investment income | $173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,097 |
| Compensation of current officers, directors, key employees. | $9,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,277 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,375 |
| Payroll taxes | $33,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $339 |
| Office expenses | $14,851 |
| Information technology | $23,000 |
| Royalties | $0 |
| Occupancy | $33,444 |
| Travel | $3,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,821 |
| All other expenses | $22,030 |
| Total functional expenses | $724,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,236 |
| Total assets | $769,207 |
| Accounts payable and accrued expenses | $1,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500,000 |
| Total liabilities | $501,100 |
| Net assets without donor restrictions | $268,107 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $769,207 |