Overview
What is Otsego Rural Housing Assistance Inc?
Otsego Rural Housing Assistance Inc is a nonprofit organization located in Milford, New York. Their primary mission is to address the housing needs of low and moderate-income residents in Otsego County. They administer housing and rehabilitation programs funded by the U.S. Department of Housing and Urban Development (HUD) and the New York State Housing and Community Renewal (HCR). The organization strives to improve housing conditions and related retail and service establishments in rural communities within the county. With a team of four employees, they work diligently to make a positive impact on their community.
Official website here: www.otsegoruralhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Otsego Rural Housing Assistance Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance practices, with a fully independent board and well-managed financial oversight. Notably, they have no material diversion of assets and maintain a high program expense ratio, indicating that a significant portion of their funding is directed towards their housing assistance programs.
However, there are some areas where Otsego Rural Housing Assistance Inc could improve. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and accountability in governance. Additionally, the nonprofit has not posted its tax forms on its website, which may hinder public access to important financial information.
Overall, while the organization displays commendable financial health and governance structures, addressing the noted limitations could further enhance their accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Otsego Rural Housing Assistance Inc legitimate?
Otsego Rural Housing Assistance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otsego Rural Housing Assistance 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: $50,073
Professional Fundraising Fees: $0
Other Salaries and Wages: $94,809
For more financial information, click here
Official website here: www.otsegoruralhousing.org
What is the mission statement of Otsego Rural Housing Assistance Inc?
Otsego Rural Housing Assistance Inc is committed to addressing the housing needs of low and moderate income residents in its community. Their mission encompasses two main objectives: firstly, they aim to improve housing conditions for these individuals, and secondly, they strive to enhance retail and service establishments in rural communities. This organization administers housing rehabilitation programs for the U.S. Department of Housing and Urban Development (HUD) and the New York State Homes and Community Renewal (HCR).
Official website here: www.otsegoruralhousing.org
Who is the CEO of Otsego Rural Housing Assistance Inc?
Timothy Peters is the Executive Dir. of Otsego Rural Housing Assistance Inc.
Official website here: www.otsegoruralhousing.org
What is the revenue of Otsego Rural Housing Assistance Inc?
Otsego Rural Housing Assistance Inc's revenue in 2022 was $831,659.
Official website here: www.otsegoruralhousing.org
Who are the executives of Otsego Rural Housing Assistance Inc and what are their salaries?
The average compensation at Otsego Rural Housing Assistance Inc during 2022 was $36,220. There are 4 employees at Otsego Rural Housing Assistance Inc.
Here are 8 key members and their salaries:
- Compensation: $50,073
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.otsegoruralhousing.org
Where can I find the form 990 for Otsego Rural Housing Assistance Inc?
Otsego Rural Housing Assistance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.otsegoruralhousing.org
Learn more at the official website: www.otsegoruralhousing.org
Mission Statement of Otsego Rural Housing Assistance Inc
Otsego Rural Housing Assistance Inc is committed to addressing the housing needs of low and moderate income residents within its county. The organization's mission is twofold: firstly, it aims to improve housing conditions for this demographic, and secondly, it seeks to enhance the development of retail and service establishments in rural communities within the county. By administering low income housing and rehabilitation programs for both HUD and NYS HCR, Otsego Rural Housing Assistance Inc is able to make a significant impact in its community, ensuring that residents have access to safe and affordable housing, and fostering an environment that encourages economic growth and development.
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Impact
October, 2024
Otsego Rural Housing Assistance Inc significantly impacts the housing landscape for low and moderate-income residents in Otsego County. By addressing critical housing needs, the organization plays a vital role in enhancing living conditions and accessibility for underserved populations.
Through its low-income housing and rehabilitation programs, which are administered on behalf of HUD and NYS HCR, the organization facilitates housing improvements and ensures that individuals and families have stable and safe environments. This not only enriches the quality of life for residents but also contributes to the overall revitalization of rural communities.
Moreover, by focusing on related retail and service establishments, Otsego Rural Housing Assistance Inc supports local economies and encourages growth in rural areas. This multifaceted approach ensures that affordable housing and community development go hand-in-hand, fostering a sustainable and thriving community for all residents in the region.
This information is meant to be a general summary of Otsego Rural Housing Assistance 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: $90
- Gross Receipts: $831,659
Assets and Liabilities:
- Total Assets: $209,843
- Total Liabilities: $23,347
- Net Assets: $186,496
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Organization Details
Founding Year
1984
Phone
(607) 286-7244Principal Officer
Timothy Peters
Main Address
PO BOX 189, MILFORD, NY, 13807
Website
www.otsegoruralhousing.orgNTEE Category
Code: L80 - Housing
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