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CHARITY REVIEW
Issued: May 2024 Expires: May 2026

H I T Foundation

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(937) 751-4100
111 W Somers St
Eaton, OH, 45320-1739
https://hitfoundation.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

H I T Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"We will champion affordable housing in Preble County at all income levels."

Year, State Incorporated:
2003, OH

Also Known As:
Home is the Foundation

Inspiration for Home Is the Foundation occurred when our founder was driving home in late 2002. She was reminded that there are people in our small community that live in poverty. She wondered how many children lived in those homes and how poverty and inadequate housing affected their lives. The vision that “Everyone in Preble County should have a safe and affordable place to call HOME” was born.  
Our first program at H.I.T. Foundation began in 2003 as a way to increase affordable housing options in Preble County.  We now own and manage 50 rental units at rates below Fair Market Value! Beginning in 2013, the Senior Home Repair Program became our second program. H.I.T. Foundation is committed to keeping seniors safely in their own homes for as long as possible by providing, emergency home repairs, proactive handyman services and essential accessibility modifications.  This program is funded by donations, grants, and volunteer work.  Since the Senior Home Repair Program began, over 1,000 jobs have been completed at no cost to qualified Preble County seniors! In 2015, our Homeless Services Program quickly expanded to offer rental assistance and homeless prevention programs before opening the Preble County Emergency Homeless Shelter. The shelter remains staffed 24 hours a day, 7 days a week. Clients receive case management, 3 meals per day, showers, and laundry facility access. There are 10 beds in separate men’s and women's dorms. As Preble County’s housing advocates, we strive to give our community a voice concerning housing issues, and we believe that combining services and referrals, with education and support, fosters stability, empowering our clients and building community one family at a time.

For the year ended December 31, 2022, H I T Foundation's program expenses were:

Property Rental $424,557
Homeless Shelter $404,243
Home Repairs $117,026
Total Program Expenses $945,826

Chief Executive
Clayton Genth, Executive Director

Chair of the Board
Mary Bullen, Founder

Chair's Profession / Business Affiliation

Board Size
Not disclosed

Paid Staff Size
16

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 1.29%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on H I T Foundation's audited financial statements for the year ended December 31, 2022.

Source of Funds
Contributions $532,539
Rental Income $381,775
Grant Income $285,862
In-Kind Contributions $43,969
Service Fees $18,979
Lease Income $18,729
Interest and Dividend Income $17,006
United Way Grants $16,567
Gain on Sale of Assets $1,000
Net Realized and Unrealized Gain Loss on Investments $-109,926
Total Income $1,206,500

Programs: 76% Fundraising: 1% Administrative: 23%

Total Income $1,206,500
Total expenses: $1,238,727
  Program expenses $945,826
  Fundraising expenses $11,375
  Administrative expenses $281,526
  Other expenses $0
Income in Excess of Expenses $-32,227
Beginning Net Assets $4,958,536
Other Changes In Net Assets $0
Ending Net Assets $4,926,309
Total Liabilities $116,465
Total Assets $5,042,772

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Dayton and Miami Valley