Overview
What is Housing Opportunities Team?
The Housing Opportunities Team is a facilitator that aids in providing affordable housing solutions. Specifically, they collaborate with Meadowlark Apartments, a nonprofit organization, to manage a 15-unit apartment complex situated in Milwaukie, Oregon. This complex caters to low and moderate-income individuals living in Oregon City, ensuring they have access to decent housing options. The Housing Opportunities Team's mission aligns with Meadowlark Apartments' mission of owning and operating low-income housing, thereby contributing to the community's affordable housing landscape.
Official website here: www.nwhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Housing Opportunities Team has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. This rating is derived solely from its performance in the Accountability & Finance beacon, showing strong metrics in many areas, such as having a fully independent board and no material diversion of assets.
The organization has demonstrated a strong commitment to transparency, with all board meeting minutes documented and a favorable liabilities-to-assets ratio. Program expenses are notably high, constituting 100% of its spending, which suggests a focus on direct impact. However, the absence of key policies such as conflict of interest, whistleblower, and document retention policies points to areas where organizational governance could be improved.
Overall, while Housing Opportunities Team displays strengths in financial management and board independence, the lack of certain governance policies may raise concerns for some donors. Addressing these limitations could enhance its transparency and operational effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities Team legitimate?
Housing Opportunities Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities Team 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: $0
For more financial information, click here
Official website here: www.nwhousing.org
What is the mission statement of Housing Opportunities Team?
The Housing Opportunities Team's mission involves owning and operating low-income housing. Through their operations, they provide decent and affordable living spaces for individuals with modest incomes. Their goal is to contribute to the housing needs of these individuals, thereby promoting social equity in housing provisions. The team operates a 15-unit apartment complex, but the specific location is not mentioned in the provided information.
Official website here: www.nwhousing.org
What is the revenue of Housing Opportunities Team?
Housing Opportunities Team's revenue in 2023 was $164,319.
Official website here: www.nwhousing.org
Who are the executives of Housing Opportunities Team and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $100,857
- Other: $15,525
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nwhousing.org
Where can I find the form 990 for Housing Opportunities Team?
Housing Opportunities Team's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nwhousing.org
Learn more at the official website: www.nwhousing.org
Mission Statement of Housing Opportunities Team
The Housing Opportunities Team, an organization dedicated to its mission, plays a significant role in providing affordable housing solutions. Specifically, they own and manage a 15-unit apartment complex, catering to low and moderate-income individuals. Situated in Milwaukie, Oregon, this housing complex serves as a beacon of decent, affordable living options for those in need within Oregon City. The Housing Opportunities Team's mission is accomplished through the operation of this apartment complex, which ensures that affordable housing remains accessible for individuals struggling with income disparities.
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
October, 2024
Housing Opportunities Team significantly impacts the community by providing decent, affordable housing options for low to moderate-income individuals and families. Through the Meadowlark Apartments, a well-maintained 15-unit complex in Milwaukie, OR, the team ensures that residents have access to safe and stable living conditions. This initiative not only meets the urgent need for housing in the area but also fosters a sense of community, stability, and support for those facing economic challenges. By prioritizing affordable housing, Housing Opportunities Team plays a crucial role in enhancing the quality of life for residents and promoting inclusivity within the region.
This information is meant to be a general summary of Housing Opportunities Team. 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 2023.
- Investment Income: $5
- Program Service Revenue: $164,314
- Gross Receipts: $164,319
Assets and Liabilities:
- Total Assets: $1,484,963
- Total Liabilities: $24,082
- Net Assets: $1,460,881
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.
NET RENT REVENUE
Revenue
$158,545
OTHER REVENUE
Revenue
$3,550
LAUNDRY & VENDING REVENUE
Revenue
$2,219
Organization Details
If you are a representative of Housing Opportunities Team 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.