What project:HOMES does

project:HOMES (legally Elderhomes Corporation DBA project:HOMES) is a 501(c)(3) nonprofit founded in 1992 and headquartered at 88 Carnation Street, Richmond, Virginia. The organization develops, preserves, and repairs affordable housing and delivers energy conservation programs for income-qualified households—those at or below 60%-80% of Area Median Income—across Central Virginia. Its service portfolio spans critical home repairs (roof, plumbing, electrical, HVAC), accessibility modifications (wheelchair ramps, grab bars, railings), new affordable single-family home construction, manufactured home repairs, and weatherization services (insulation, air sealing, HVAC updates, LED lighting, low-flow fixtures). project:HOMES owns and operates four affordable housing communities—Bainbridge, William Byrd, Omni, and Bermuda Estates—totaling 247 units, with on-site management delegated to Epoch Properties.

All services are delivered at no cost to qualifying residents via an intake-based application process, two dedicated hotlines, an online intake form, and in-person home visits. Service delivery is executed by paid staff, trained volunteers (including corporate groups such as Genworth), and government-funded program infrastructure. Since FY '20-'21, the organization reports 54,821 projects completed, 44,389 homes served, and approximately 51,677 people impacted, with weatherization coverage spanning 11 cities and 23 counties across Virginia. The organization holds the Candid Platinum Seal of Transparency through 2026, complies with Title VI and ADA requirements, and publishes annual audited financial statements.

Revenue is sourced from three streams: individual donations (with tiered giving options ranging from $25 grab bar installations to $2,000 wheelchair ramps), corporate and workplace giving campaigns through United Way, Kroger, and the Commonwealth of Virginia Campaign, and government grants including the federal Weatherization Assistance Program and a statewide Lead Hazard Reduction Program administered in partnership with the Virginia Department of Housing and Community Development. The organization is governed by a Board of Directors chaired by Art Bowen (retired from Virginia Housing) with representation from Atlantic Union Bank, University of Richmond, Williams Mullen, Dominion Energy, and several housing authorities, and is led by CEO Lee Householder with a staff of 11-50 employees organized into four VP-led functions (Finance, Affordable Housing, Energy Conservation Programs, and Operations & Asset Management).

Name

project:HOMES

Legal name

Elderhomes Corporation DBA project:HOMES

Website

https://projecthomes.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

project:HOMES is a Richmond, Virginia-based 501(c)(3) nonprofit founded in 1992 that develops, preserves, and repairs affordable housing and delivers energy conservation programs free of charge to income-qualified households across Central Virginia.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Community Housing Services (62422), Residential Building Construction (23611), New Housing For-Sale Builders (236117), Other Residential Care Facilities (623990)

SIC

Services-To Dwellings & Other Buildings (7340), Mobile Homes (2451)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Manufactured Housing / Mobile Home Park Management (BPAJAFAG), Flooring, Trip-Hazard Removal & Anti-Slip Surface Upgrades (HSABAJAG), Housing Rehabilitation, Weatherization & Home Repair Grant/Loan Programs (FSALAKAJ), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH)

Keywords

• Affordable housing services
• Home repair programs
• Energy conservation services
• Weatherization assistance
• Accessibility modifications

Headquarters

HQ city

University Of Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Individual Donations: General donations from individuals supporting affordable housing and home repair services. Donation options include specific amounts (e.g., $25 for grab bar, $200 for AC unit, $2,000 for wheelchair ramp).
2. Corporate and Workplace Giving Campaigns: Partnership with employers for workplace giving: United Way (code 4412), Kroger (NPO 88772), Commonwealth of Virginia Campaign (20053).
3. Grant Funding: Nonprofit operates with grant funding including Lead Hazard Reduction Program (statewide grant) and Weatherization Assistance Program. Services provided at no cost to qualifying homeowners, tenants, and landlords.
4. Mail Donations and PayPal: Alternative donation methods including mail donations and PayPal giving through paypal.com/us/fundraiser/charity/1211031.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

project:HOMES develops, preserves, and repairs affordable housing and delivers energy conservation programs for low-income households in Central Virginia. Core offerings include critical home repairs (roof, plumbing, electrical, HVAC), accessibility modifications (wheelchair ramps, grab bars, ADA features), new affordable single-family home construction, manufactured home repairs, lead hazard reduction, weatherization, and utility energy/water conservation programs. All services are provided at no cost to income-qualified residents (at or below 60%-80% of Area Median Income).

Product overview

project:HOMES is a nonprofit affordable housing organization offering a portfolio of integrated housing services. The core offerings include an Affordable Housing Program (single-family home construction, critical repairs, accessibility upgrades, and manufactured home repairs) and Energy Conservation Services (weatherization and utility programs). The organization also operates four older adult communities (Bainbridge, William Byrd, Omni, and Bermuda Estates) with 247 units. A Volunteer Services Program complements these offerings by providing small-scale repairs and wheelchair ramp construction through volunteer labor. All services are provided at no cost to income-qualified residents in Central Virginia, with programs targeting older adults, individuals with accessibility needs, and those with modest incomes.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Single-Family Homes Newly constructed affordable single-family homes built to high quality and energy efficiency standards, designed to fit the historic character of neighborhoods served in Central Virginia. Provided at no cost to income-qualified residents.
• Critical Home Repairs No-cost repairs including roof, structural, and floor repairs as well as HVAC unit, plumbing, and electrical system repair and replacement for homeowners with modest incomes in Central Virginia.
• Accessibility Modifications Volunteer-built and installed wheelchair ramps, grab bars, shower handles, and porch railings to help older adults and disabled individuals maintain independence and stay in their homes. Provided at no cost to qualifying residents.
• Manufactured Home Repair Program Critical no-cost repairs to heating, electrical, plumbing, water heaters, window replacements, faulty roofs, and hazardous flooring for manufactured/mobile home residents in Chesterfield County and the City of Richmond, with bilingual staff support.
• Lead Hazard Reduction Program Statewide grant program providing full inspection and risk assessment for lead-based paint hazards in homes of income-eligible families with no charge to homeowners, tenants, or landlords.
• Senior Affordable Housing Communities (Bainbridge, William Byrd, Omni) Three older-adult affordable housing communities (Bainbridge, William Byrd, and Omni) owned by project:HOMES, providing 247 units of safe, affordable housing designed for independence and long-term stability, managed by Epoch Properties.
• Bermuda Estates Manufactured Housing Community Manufactured housing community purchased in 2020 in Chesterfield County with park infrastructure improvements, new unit replacements, community center, playground, and monthly resident programs.
• Weatherization Assistance Program Energy efficiency improvements for modest-income households reducing costs and enhancing comfort through upgrades like insulation, air sealing, heating system updates, and health and safety items. Provided at no cost to qualifying residents.
• Utility Program No-cost program reducing energy and water costs through upgrades including LED lights, low-flow toilets and showerheads, and HVAC replacements; operates as the leading weatherization agency across 11 cities and 23 counties in Virginia.
• Volunteer Services Program Volunteer-based home repair and accessibility modification services including porch repair, railing installation, exterior painting, yard clearing, and wheelchair ramp production and installation.

Quantifiable outcome

• 54,821 projects completed, 44,389 homes served, ~51,677 people impacted since FY '20-'21
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Epoch PropertiescoreChannel Partner/ Reseller/ DistributorProperty management partner managing 247 affordable housing units across three project:HOMES communities: Bainbridge, William Byrd, and Omni. Contact: 804-897-9161.
• Matt Jarreau, RealtorminorOthersRealtor contact for affordable housing inventory inquiries. Contact: 804-762-8092.
• United WayminorGTM or Marketing PartnerWorkplace giving campaign partner. Campaign code: 4412.
• KrogerminorGTM or Marketing PartnerWorkplace giving campaign partner. Campaign code: NPO 88772.
• Commonwealth of Virginia CampaignminorGTM or Marketing PartnerState employee workplace giving campaign partner. Campaign code: 20053.
• Virginia Department of Housing and Community DevelopmentcoreStrategic or Co-development PartnerGovernment partner providing funding and oversight for affordable housing programs including the statewide Lead Hazard Reduction Program. Board representation from Courtney Mailey.
• Candid (formerly GuideStar)coreOthersThird-party nonprofit transparency evaluator providing the Platinum Seal of Transparency—the highest accountability standard for nonprofits.
• Virginia HousingcoreStrategic or Co-development PartnerHousing authority partner; Art Bowen (Retired Chair) serves on project:HOMES Board of Directors, providing strategic alignment and housing sector expertise.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Mercy Housing: One of the largest national affordable housing nonprofits, owning and operating more than 50,000 affordable homes. Comparable in mission and owned-portfolio model, but operates at significantly greater scale across many states rather than a single region.
• Habitat for Humanity International: Global nonprofit affordable housing organization building, rehabbing, and repairing homes for low-income families. Strongly comparable core mission of affordable single-family construction and critical repairs; provides scale benchmark for project:HOMES' direct-construction nonprofit peers.
• National Church Residences: Large national nonprofit providing affordable senior housing and aging-in-place services. Closely comparable to project:HOMES' senior housing communities (Bainbridge, William Byrd, Omni) and accessibility modifications, though at much broader national scale.
• Enterprise Community Partners: National nonprofit investor, developer, and policy advocate for affordable housing — comparable mission and asset-based model, though Enterprise operates more as a capital intermediary and policy actor than a direct service provider.
• Volunteers of America: National nonprofit offering affordable housing, home repairs, and supportive services for low-income seniors and individuals with disabilities — directly comparable target populations and service mix, but with national scale and federal funding reach.

Direct peers

• Rebuilding Together: National nonprofit providing free critical home repairs, accessibility modifications, and energy upgrades for low-income homeowners, with strong volunteer-driven delivery model analogous to project:HOMES' Volunteer Services Program.
• Community Housing Partners: Virginia-based nonprofit developer providing affordable housing, home weatherization, and energy efficiency services across the Commonwealth — direct geographic and programmatic overlap with project:HOMES' integrated housing-plus-energy model.
• Habitat for Humanity of Greater Richmond: Regional Habitat affiliate also serving Central Virginia with affordable home construction, repairs, and homeownership pathways for low-income households. Highly comparable mission, geography, and direct-construction delivery model.

Regional players

• Better Housing Coalition: Richmond-based nonprofit developer and operator of affordable rental housing for seniors and low-income households — directly comparable owned-portfolio model and senior housing focus, serving overlapping Central Virginia geography.
• Homeward: Richmond-based housing services and planning organization focused on homelessness prevention and affordable housing in Central Virginia — comparable target geography and low-income client base, though mission is more advocacy/coordinated-entry oriented than construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/projecthomes
• Facebookfacebook.com/projecthomes
• Instagraminstagram.com/p/DY4a2U2mWQq
• LinkedInlinkedin.com/company/project-homes

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about project:HOMES