Overview
What is Osmundsen Court Inc?
Osmundsen Court Inc is a nonprofit organization situated in Little Rock, Arkansas, specifically at 6124 Northmoor. Their primary mission revolves around the development of housing facilities for individuals with disabilities. The organization is dedicated to this cause, working tirelessly to create living spaces that cater to the unique needs of this community. By focusing on housing development, Osmundsen Court Inc aims to provide a safe and accessible environment for those with disabilities, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Osmundsen Court Inc has earned a Three-Star rating from Charity Navigator, reflecting a 79% overall score. This rating indicates a generally favorable standing in terms of accountability and finance. The organization demonstrates strong governance practices, as evidenced by its fully independent board and comprehensive policies relating to conflicts of interest, whistleblowing, and document retention.
The charity excels in program expense efficiency with a program expense ratio of 100%, indicating that all its expenses are directed towards its programs. However, it faces challenges with a liabilities to assets ratio of 162.65%, which suggests that its liabilities exceed its assets significantly, a concern that may impact financial sustainability and operational capacity.
Overall, Osmundsen Court Inc shows a commitment to transparency and responsible management, but potential donors and stakeholders should be aware of the financial leverage indicated by its liabilities, which could pose risks to its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Osmundsen Court Inc legitimate?
Osmundsen Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osmundsen Court 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: $129
For more financial information, click here
What is the mission statement of Osmundsen Court Inc?
Osmundsen Court Inc's mission is centered around the development of housing for individuals with disabilities. They strive to create living spaces that cater to the unique needs of this population, aiming to enhance their quality of life. Through this endeavor, the organization seeks to contribute to a more inclusive and accommodating society for persons with disabilities. The development projects undertaken by Osmundsen Court Inc are designed with a focus on accessibility, safety, and comfort, reflecting their commitment to this cause. The organization's mission extends beyond merely constructing buildings, as it also seeks to foster an environment that promotes independence, dignity, and integration for individuals with disabilities.
Who is the CEO of Osmundsen Court Inc?
Vicki Grantham is the President of Osmundsen Court Inc.
What is the revenue of Osmundsen Court Inc?
Osmundsen Court Inc's revenue in 2022 was $32,219.
Who are the executives of Osmundsen Court Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Osmundsen Court Inc?
Osmundsen Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Osmundsen Court Inc
Osmundsen Court Inc is dedicated to the development of housing for individuals with disabilities. This nonprofit organization's mission is centered around creating living spaces that cater to the unique needs of people with disabilities. By focusing on housing, Osmundsen Court Inc aims to provide a supportive and inclusive environment for these individuals, enabling them to live independently and with dignity. The organization's commitment to this cause contributes to the overall betterment of society, ensuring that every individual, regardless of their abilities, has access to a comfortable and suitable living space.
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Impact
August, 2024
Osmundsen Court Inc's impact lies in the development of housing for persons with disabilities. Through their work, they contribute to providing accessible and supportive living spaces for individuals who may face challenges in finding suitable housing options. By focusing on the housing needs of this specific demographic, Osmundsen Court Inc plays a crucial role in promoting inclusivity and improving the quality of life for people with disabilities in the community.
This information is meant to be a general summary of Osmundsen Court 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.
- Program Service Revenue: $32,219
- Gross Receipts: $32,219
Assets and Liabilities:
- Total Assets: $699,212
- Total Liabilities: $1,137,290
- Net Assets: -$438,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$17,613
RENTAL INCOME
Revenue
$13,731
OTHER
Revenue
$875
Organization Details
Founding Year
2009
Phone
(501) 614-7200Principal Officer
Vicki Grantham
Main Address
6124 NORTHMOOR, LITTLE ROCK, AR, 72204
NTEE Category
Code: L21 - Housing
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