Homes Of Opportunity Incorporated

Organization Overview

Homes Of Opportunity Incorporated is located in Grand Rapids, MI. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2019, Homes Of Opportunity Incorporated employed 374 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Homes Of Opportunity Incorporated 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 09/2019, Homes Of Opportunity Incorporated generated $7.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.5m during the year ending 09/2019. While expenses have increased by 3.1% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

CARE AND SERVICES FOR THE MENTALLY IMPAIRED, WITH TWENTY-EIGHT GROUP HOMES AS RESIDENCES FOR CLIENTS, AND ONE VOCATIONAL TRAINING WORKSHOP TO ASSIST CLIENTS IN EMPLOYMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY BASED SETTINGS FOR THE MENTALLY IMPAIRED, APPROXIMATELY 92 CLIENTS SERVED.


JOB TRAINING AND EMPLOYMENT FOR THE MENTALLY IMPAIRED WITH ONE LOCATION, AND 72 CLIENTS SERVED.


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Board, Officers & Key Employees

Name (title)Compensation
Lawrence A Maniaci
Executive Director
$262,678
Frank Larocca
Secretary
$0
Patrick Houlihan
Treasurer
$0
John Eckstein
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,662
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,041,682

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Homes Of Opportunity Incorporated has recieved totaling $7,472.

Awarding OrganizationAmount
National Association For The Exchange Of Industrial Resources I

Galesburg, IL

PURPOSE: CARE OF ILL, NEEDY, OR MINOR

$7,472
View Grant Recipient Profile

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