Homeownership Education Resource Organization
- Assets
- $0.0
- Revenue
- $348.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pierre, SD
- Founding
- 03/2002
- Data as of
- 06/2022
- EIN
- 45-0467089
Organization Overview
Homeownership Education Resource Organization, operating under the name Hero, is located in Pierre, SD. The organization was established in 2002. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hero 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, Hero generated $348.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $348.4k during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 7 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.
Since 2021, Hero has awarded 18 individual grants totaling $580,890. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOMEOWNERSHIP EDUCATION PROFESSIONALS WITH STANDARDS OF LEARNING OBJECTIVES TO ADVANCE HOMEOWNERSHIP THROUGH HIGH QUALITY, CONSISTENT EDUCATION, GIVING SOUTH DAKOTANS A BETTER OPPORTUNITY TO ACHIEVE AND MAINTAIN HOMEOWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNERSHIP EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Polak Executive Di | Officer | 1 | $0 |
Todd Hight Finance Dire | Officer | 1 | $0 |
Rick Hohn Commissioner | Trustee | 1 | $0 |
Bill Hansen Commissioner | Trustee | 1 | $0 |
Scott Erickson Commissioner | Trustee | 1 | $0 |
David Pummel Commissioner | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,367 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $348,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $348,342 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $348,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Homeownership Education Resource Organization has awarded $348,342 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: HOMEOWNER EDUCATION | $112,985 |
Sioux Falls, SD PURPOSE: HOMEOWNER EDUCATION | $73,495 |
Rapid City, SD PURPOSE: HOMEOWNER EDUCATION | $49,145 |
OGLALA SIOUX LAKOTA HOUSING PURPOSE: HOMEOWNER EDUCATION | $21,450 |
Aberdeen, SD PURPOSE: HOMEOWNER EDUCATION | $21,200 |
Pine Ridge, SD PURPOSE: HOMEOWNER EDUCATION | $17,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Kalispell, MT | $3,902,064 | $2,562,422 |
Habitat For Humanity International Inc Sioux Falls, SD | $9,141,144 | $3,026,131 |
Habitat For Humanity International Inc Cedar Rapids, IA | $5,677,574 | $1,742,831 |
Habitat For Humanity International Inc Rochester, MN | $3,870,534 | $1,605,861 |
Habitat For Humanity International Inc St Cloud, MN | $4,313,992 | $1,842,633 |
Habitat For Humanity International Inc Northfield, MN | $2,178,663 | $1,542,533 |
Habitat For Humanity International Inc Missoula, MT | $2,268,438 | $1,444,017 |
100 Fold Studio Lakeside, MT | $1,267,297 | $1,625,310 |
Habitat For Humanity International Inc Mankato, MN | $7,163,507 | $1,882,545 |
Region Iv Inc Wayne, NE | $5,627,016 | $960,778 |
Habitat For Humanity International Inc Duluth, MN | $863,360 | $481,906 |
Habitat For Humanity International Inc Bemidji, MN | $2,423,039 | $641,326 |