Overview
What is Oswego Community Housing Company Inc?
Oswego Community Housing Company Inc, established in Liverpool, New York, is a dedicated nonprofit organization specialized in senior citizen housing. They pride themselves on owning and managing a housing project exclusively designed for the elderly, providing them with a suitable living environment. The company's mission revolves around ensuring the well-being of senior citizens by offering them a comfortable and secure place to reside. The organization's primary focus is on senior housing, ensuring that this vital segment of the population enjoys a dignified living experience.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Oswego Community Housing Company Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a total of 94%, indicating effective management of resources and transparency in operations. This high rating is significant as it assures stakeholders of the nonprofit's commitment to ethical practices and fiscal responsibility.
The organization demonstrates robust governance with a fully independent board, scoring full points in both the majority independent board members and independent board size categories. Additionally, Oswego Community Housing Company has established comprehensive financial oversight with a dedicated audit and oversight committee, further enhancing its accountability metrics. The presence of well-defined policies such as conflict of interest, whistleblower, and document retention illustrates the organization's commitment to ethical standards.
One notable strength is the high ratio of program expenses, which stands at 76.25%, indicating that a significant portion of its funding is directed toward its mission-related activities. The low liabilities to assets ratio of 2.56% suggests a healthy financial position. Overall, while the data highlights strong operational practices, continuous monitoring and adherence to these standards will be essential for sustained impact and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Oswego Community Housing Company Inc legitimate?
Oswego Community Housing Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oswego Community Housing Company 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: $96,746
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What is the mission statement of Oswego Community Housing Company Inc?
The Oswego Community Housing Company is dedicated to providing housing for the elderly. As a senior citizens housing organization, its mission is to manage and operate a housing project that caters to the elderly population. The company strives to offer a living environment that meets the needs of its elderly residents, creating a comfortable and supportive community for them. The organization's primary focus is on providing housing solutions for the elderly, ensuring their well-being and overall quality of life.
What is the revenue of Oswego Community Housing Company Inc?
Oswego Community Housing Company Inc's revenue in 2024 was $739,057.
Who are the executives of Oswego Community Housing Company Inc and what are their salaries?
The average compensation at Oswego Community Housing Company Inc during 2024 was $48,373. There are 2 employees at Oswego Community Housing Company Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Oswego Community Housing Company Inc?
Oswego Community Housing Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Oswego Community Housing Company Inc
Oswego Community Housing Company is a dedicated nonprofit organization with a mission to provide housing for the elderly. Situated in Liverpool, NY, this organization owns and operates a housing project specifically designed for senior citizens. Their primary focus is on ensuring the elderly have access to a secure living environment, thereby contributing to their overall well-being. The company's mission is to create an atmosphere where senior citizens can age comfortably, fostering an environment that meets their unique needs and promotes their independence.
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Impact
October, 2024
Oswego Community Housing Company Inc significantly enhances the lives of elderly individuals by providing secure and supportive housing solutions in Liverpool, NY. Its housing project is specifically designed to cater to the unique needs of senior citizens, fostering an environment that promotes independence while offering essential amenities and support services. By addressing the urgent need for affordable and accessible housing for older adults, this organization plays a crucial role in improving quality of life, reducing isolation, and ensuring that seniors have a safe and comfortable place to call home. The impact extends beyond physical shelter, as it contributes to the overall well-being of the community by nurturing social connections and enhancing the dignity and respect of its residents.
This information is meant to be a general summary of Oswego Community Housing Company 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 2024.
- Investment Income: $34,851
- Program Service Revenue: $704,206
- Gross Receipts: $739,057
Assets and Liabilities:
- Total Assets: $3,251,532
- Total Liabilities: $83,294
- Net Assets: $3,168,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$657,289
ROOF RENTAL
Revenue
$33,480
MACHINE INCOME
Revenue
$13,437
Organization Details
Founding Year
1972
Principal Officer
Harold J Thorpe Iii
NTEE Category
Code: L22Z - Housing
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