Overview
What is Independent Supportive Housing Oakland-I Inc?
Independent Supportive Housing Oakland-I Inc., a Michigan-based nonprofit, was established in compliance with the state's not-for-profit statutes. Its primary mission is to provide affordable housing for individuals with developmental disabilities. Located in the Metro Detroit area, the organization operates four residences known as Independent Supportive Housing - Oakland-I, in line with Section 811 of the National Housing Act. This legislation aims to ensure accessible and safe housing solutions for individuals with developmental disabilities. The nonprofit's activities are centered around this mission, offering low-income housing options for this specific group of individuals.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Independent Supportive Housing Oakland-I Inc has achieved an 82% score on Charity Navigator, reflecting a solid level of accountability and financial health. The rating is derived from a comprehensive assessment of various accountability measures, indicating that the organization adheres to best practices in governance. A key strength is its fully independent board, which enhances transparency and decision-making.
The organization demonstrates strong financial management, with a program expense ratio of 85.37%, suggesting that a significant portion of its budget is directed toward its programs. This focus on effective allocation of resources is a positive indicator of its commitment to fulfilling its mission. Additionally, it has established essential policies regarding conflicts of interest and document retention, which further solidifies its operational integrity.
However, the liabilities to assets ratio is notably high at 144.76%, which raises potential concerns regarding the organization's financial stability and could impact its long-term sustainability. While the organization has exhibited commendable practices in many areas, addressing its financial liabilities will be crucial for ensuring ongoing support and stability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Supportive Housing Oakland-I Inc legitimate?
Independent Supportive Housing Oakland-I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Supportive Housing Oakland-I 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.
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Official website here: www.none
What is the mission statement of Independent Supportive Housing Oakland-I Inc?
Independent Supportive Housing Oakland-I Inc is committed to providing low-income housing for individuals with developmental disabilities. This not-for-profit corporation, formed under Michigan's not-for-profit statutes, operates four residences known as Independent Supportive Housing-Oakland-I, located in the Metropolitan Detroit area. These residences cater specifically to persons with developmental disabilities, abiding by Section 811 of the National Housing Act. The organization's primary goal is to offer a safe and supportive living environment for these individuals, enabling them to lead independent lives.
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Who is the CEO of Independent Supportive Housing Oakland-I Inc?
Marc Craig is the Director of Independent Supportive Housing Oakland-I Inc.
Official website here: www.none
What is the revenue of Independent Supportive Housing Oakland-I Inc?
Independent Supportive Housing Oakland-I Inc's revenue in 2022 was $63,216.
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Who are the executives of Independent Supportive Housing Oakland-I Inc and what are their salaries?
There 16 volunteers at Independent Supportive Housing Oakland-I Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Independent Supportive Housing Oakland-I Inc
Independent Supportive Housing Oakland-I Inc, a not-for-profit organization, is committed to providing low-income housing for individuals with developmental disabilities. Established under the not-for-profit statutes of Michigan, the corporation's primary objective is to operate four residences, collectively known as Independent Supportive Housing - Oakland-I, located in the metropolitan Detroit area. These residences offer housing for individuals with developmental disabilities, in accordance with Section 811 of the National Housing Act, which has been amended. By providing a safe and supportive living environment, Independent Supportive Housing Oakland-I Inc aims to enhance the lives of those with developmental disabilities, enabling them to live with dignity and independence.
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Impact
August, 2024
Independent Supportive Housing Oakland-I Inc's impact is significant in providing low-income housing to individuals with developmental disabilities. By operating four residences in the Metro Detroit area specifically designed to cater to the needs of this vulnerable population, the organization plays a crucial role in ensuring that these individuals have a safe and supportive place to call home. Through their mission of offering affordable housing tailored to those with developmental disabilities, Independent Supportive Housing Oakland-I Inc positively impacts the lives of residents and helps promote a sense of independence and inclusion within the community.
This information is meant to be a general summary of Independent Supportive Housing Oakland-I 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: $121
- Program Service Revenue: $29,389
- Gross Receipts: $63,216
Assets and Liabilities:
- Total Assets: $609,210
- Total Liabilities: $881,953
- Net Assets: -$272,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$29,389
Organization Details
Founding Year
2007
Phone
(248) 928-0111Principal Officer
Marc Craig
Main Address
5505 CORPORATE DRIVE 300, TROY, MI, 48098
Website
www.noneNTEE Category
Code: L20 - Housing
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