Overview
What is Summit One Inc?
Summit One Inc, located in Lawton, Oklahoma, is a nonprofit organization committed to providing affordable and safe housing for handicapped adults with low income. Established with the mission to serve the community, Summit One Inc operates as a group home, offering a supportive living environment for those in need. The corporation's primary objective is to ensure the well-being of its residents, providing them with a secure and inclusive space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%
Summit One Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns in its accountability and financial practices. While the organization boasts a fully independent board and has no reported material diversions of assets, it struggles with transparency as evidenced by multiple missing policies and documents. This raises questions about its governance and operational practices.
The organization excels in allocating its funds, with a program expense ratio of 100%, suggesting that all of its expenses are directed towards its programs. However, the liabilities to assets ratio is notably high at 119.90%, which could indicate financial instability. These financial metrics highlight a potential risk for donors considering support.
In summary, while Summit One Inc demonstrates strong program expenses and a fully independent board, its lack of transparency and high liabilities relative to assets are concerning factors. Donors should weigh these strengths against the organizational limitations before making a decision.
This AI summary has been generated from information found on Charity Navigator.
Is Summit One Inc legitimate?
Summit One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summit One 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:
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Other Salaries and Wages: $9,330
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What is the mission statement of Summit One Inc?
Summit One Inc, a corporation, was established with the primary objective of providing a community-based group home for individuals with disabilities who fall under the low-income category. Its mission, in essence, is to ensure the availability of affordable and secure housing for these handicapped adults, ensuring they have a safe living environment. The corporation's activities are centered around this mission, aiming to provide a home where these individuals can lead independent and comfortable lives.
Who is the CEO of Summit One Inc?
Amy Watkins is the Director of Summit One Inc.
What is the revenue of Summit One Inc?
Summit One Inc's revenue in 2023 was $37,327.
Who are the executives of Summit One Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Summit One Inc?
Summit One Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Summit One Inc
Summit One Inc, a corporation established with a community-focused approach, is committed to providing affordable and safe housing for disabled low-income adults. The organization's primary mission is to cater to the housing needs of individuals with disabilities who are financially constrained. By offering affordable and secure living spaces, Summit One Inc aims to contribute positively to the well-being of this often overlooked group in society. The corporation's mission aligns with the broader objective of ensuring that disabled individuals have equal opportunities for independent living and personal growth, despite their financial limitations.
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Impact
August, 2024
Summit One Inc's impact lies in providing affordable and safe housing for handicapped low-income adults in Lawton, Oklahoma. By offering community-based group homes, Summit One Inc aims to improve the living conditions and quality of life for this vulnerable population. Their mission to provide housing for disabled individuals who may struggle to find suitable accommodations elsewhere helps address a critical need in the community, ensuring that these individuals have a place they can call home. Through their efforts, Summit One Inc positively contributes to promoting inclusivity, dignity, and support for disabled individuals in need.
This information is meant to be a general summary of Summit One 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 2023.
- Investment Income: $385
- Program Service Revenue: $36,942
- Gross Receipts: $37,327
Assets and Liabilities:
- Total Assets: $399,273
- Total Liabilities: $478,756
- Net Assets: -$79,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL
Revenue
$36,942
Organization Details
Founding Year
2010
Phone
(580) 248-1814Principal Officer
Amy Watkins
Main Address
414 SW LEE BLVD, LAWTON, OK, 73501
NTEE Category
Code: L21 - Housing
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