Overview
What is Opelika Housing Development Inc?
Opelika Housing Development Inc is a nonprofit organization situated in Opelika, Alabama, with a postal address at PO Box 268. Their primary mission is to offer affordable, decent, safe, and sanitary housing accommodations for individuals of low income. This encompasses providing apartments, dwellings, or other living spaces that cater to this demographic. The organization strives to make housing more accessible and suitable for those who may not have the means to secure such accommodations otherwise.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Opelika Housing Development Inc has achieved a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization earned an 82% score overall, which is entirely derived from its Accountability & Finance metrics. This indicates a reliable commitment to financial integrity and transparency in its operations.
The nonprofit excels in several areas, boasting a fully independent board and sound financial oversight. The organization scored full points for its audit and oversight processes, the absence of asset diversion, and a solid liabilities-to-assets ratio of 7.18%. Moreover, the program expense ratio stands at 100%, demonstrating that all of its expenses are directed towards fulfilling its mission.
While the organization's financial accountability is commendable, the single beacon score implies that the evaluation is mainly focused on financial aspects rather than programmatic effectiveness or impact. This limitation suggests a need for a broader assessment of the nonprofit's overall effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Opelika Housing Development Inc legitimate?
Opelika Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opelika Housing Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $743,273
For more financial information, click here
What is the mission statement of Opelika Housing Development Inc?
Opelika Housing Development Inc's mission is centered around providing affordable, decent, safe, and sanitary dwellings, including apartments and other living accommodations, for individuals of low income. The organization's primary goal is to ensure that everyone, regardless of their financial status, has access to suitable living spaces. They strive to uphold these standards to enhance the quality of life for the community they serve. Furthermore, their activities are geared towards meeting this mission, providing affordable housing options for those in need.
Who is the CEO of Opelika Housing Development Inc?
Matthew K Mcclammey is the Chair of Opelika Housing Development Inc.
What is the revenue of Opelika Housing Development Inc?
Opelika Housing Development Inc's revenue in 2022 was $6,126,841.
Who are the executives of Opelika Housing Development Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opelika Housing Development Inc?
Opelika Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opelika Housing Development Inc
Opelika Housing Development Inc, as a nonprofit organization, is committed to providing affordable, decent, safe, and sanitary living accommodations for individuals of low income. Their mission is to ensure that these individuals have access to clean and secure dwellings, whether in the form of apartments or other living arrangements. By offering such accommodations, Opelika Housing Development Inc aims to contribute positively to the community by addressing housing needs and promoting a sense of stability and security for its residents. The organization's efforts are focused on making housing more accessible and affordable for those who may struggle financially, thereby improving their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Opelika Housing Development Inc's impact lies in its mission to provide affordable, decent, safe, and sanitary dwellings, apartments, or other living accommodations for persons of low income in Opelika, Alabama. By focusing on meeting the housing needs of individuals with limited financial resources, Opelika Housing Development Inc plays a crucial role in addressing the issue of affordable housing in the community. Through its efforts, the organization contributes to enhancing the quality of life for low-income individuals by ensuring they have access to suitable living spaces.
This information is meant to be a general summary of Opelika Housing Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,828
- Program Service Revenue: $873,149
- Gross Receipts: $6,126,841
Assets and Liabilities:
- Total Assets: $24,566,206
- Total Liabilities: $2,155,502
- Net Assets: $22,410,704
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$873,149
Organization Details
Founding Year
1988
Phone
(334) 745-4171Principal Officer
Matthew K Mcclammey
Main Address
PO BOX 268, OPELIKA, AL, 36803
NTEE Category
Code: L20 - Housing
If you are a representative of Opelika Housing Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.