Overview
What is Incor Two Inc?
Incor Two Inc is a nonprofit organization situated in Muskogee, Oklahoma. With a modest workforce of just two individuals, its primary mission is to cater to the housing needs of low-income individuals who have disabilities. The organization has successfully developed and manages 12 units of housing specifically designed for this underrepresented group, providing them with a secure and inclusive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Incor Two Inc has received a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance, with a score of 79%. This rating indicates that the organization demonstrates good practices in financial management and transparency, which are essential for building trust with donors and stakeholders. The score is derived entirely from its accountability and finance metrics.
The organization excels in several areas, notably having a fully independent board of directors and maintaining a strong program expense ratio of 95.21%, indicating a high proportion of its expenditures are directed towards its programs. Additionally, it has implemented essential policies such as conflict of interest, whistleblower, and document retention, which contribute to its overall accountability.
However, it is important to note that Incor Two Inc has a liabilities to assets ratio of 153.97%, which indicates that its liabilities exceed its assets significantly. This could raise concerns regarding the financial stability of the organization in the long term, and potential donors might want to consider this factor when evaluating their support for Incor Two Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Incor Two Inc legitimate?
Incor Two Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Incor Two 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: $14,007
For more financial information, click here
What is the mission statement of Incor Two Inc?
Incor Two Inc is committed to serving the community by providing 12 units of housing for individuals with low income and disabilities. Their mission is centered around alleviating housing challenges faced by this vulnerable group, aiming to enhance their quality of life. The organization's primary activity revolves around the construction and management of these housing units, offering a safe and accessible living environment for those in need. By doing so, Incor Two Inc contributes to the overall societal goal of equality and inclusion, ensuring that individuals with disabilities have an opportunity to live independently.
What is the revenue of Incor Two Inc?
Incor Two Inc's revenue in 2024 was $74,322.
Who are the executives of Incor Two Inc and what are their salaries?
The average compensation at Incor Two Inc during 2024 was $7,004. There are 2 employees and 4 volunteers at Incor Two Inc.
Here are 5 key members and their salaries:
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- 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
Where can I find the form 990 for Incor Two Inc?
Incor Two Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Incor Two Inc
Incor Two Inc, as a nonprofit organization, is dedicated to providing housing solutions for individuals with disabilities who are of low income. Their primary mission is to offer 12 units of living space that cater to this specific demographic, aiming to make a positive impact in their lives. This mission is carried out through the provision of these units, ensuring that individuals with disabilities have a suitable place to call home, thereby enhancing their overall quality of life.
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Impact
August, 2024
Incor Two Inc's impact lies in providing 12 units of housing for low-income individuals with disabilities in Muskogee, Oklahoma. By offering these housing units, the organization directly addresses and serves a significant need within the community, supporting vulnerable individuals who may struggle to find suitable and affordable housing options. This initiative not only fulfills a critical human services need but also contributes to fostering a more inclusive and supportive environment for individuals with disabilities in the area.
This information is meant to be a general summary of Incor Two 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: $489
- Program Service Revenue: $55,058
- Gross Receipts: $74,322
Assets and Liabilities:
- Total Assets: $643,387
- Total Liabilities: $944,042
- Net Assets: -$300,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent REvenue
Revenue
$55,058
Organization Details
Founding Year
2009
Principal Officer
Michael Beese
NTEE Category
Code: P73 - Human services
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