Overview
What is On Our Own V Inc?
On Our Own V Inc is a compassionate nonprofit organization situated in Hot Springs, Arkansas. Their primary mission is to provide housing and support for disabled adults, ensuring they lead dignified and independent lives. Through their dedicated efforts, they offer a safe and nurturing environment for 14 individuals, empowering them with the necessary resources and assistance. This includes, but is not limited to, essential services, emotional support, and promoting overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
On Our Own V Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a perfect score for having a fully independent board, which is crucial for maintaining transparency and effective governance. Furthermore, there have been no reported material diversions of assets, showcasing a commitment to proper resource management.
Financially, the nonprofit demonstrates strength with a program expense ratio of 82.03%, meaning a significant majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, it maintains a healthy liabilities-to-assets ratio of 20.41%, indicating sound financial health. The presence of documented board meeting minutes and a well-established conflict of interest policy further enhances their accountability.
While the overall score is favorable, it is based solely on accountability and finance metrics, suggesting that other aspects of organizational effectiveness may not be evaluated in this rating. Therefore, potential donors and stakeholders might consider looking into additional performance indicators to get a comprehensive view of the organization’s impact.
This AI summary has been generated from information found on Charity Navigator.
Is On Our Own V Inc legitimate?
On Our Own V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. On Our Own V 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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What is the mission statement of On Our Own V Inc?
On Our Own V Inc is dedicated to providing housing and support for disabled adults. Their mission is centered around ensuring the well-being and independence of these individuals, offering them a secure living environment and necessary assistance. The organization has successfully provided housing and support for 14 disabled adults, demonstrating their commitment to their cause. Their services aim to enhance the quality of life for these adults, enabling them to live with dignity and independence. The focus of On Our Own V Inc is on empowering disabled adults, providing them with the necessary resources and care to thrive in their daily lives.
Who is the CEO of On Our Own V Inc?
Chris Smith is the Director of On Our Own V Inc.
What is the revenue of On Our Own V Inc?
On Our Own V Inc's revenue in 2022 was $66,176.
Who are the executives of On Our Own V Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for On Our Own V Inc?
On Our Own V Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of On Our Own V Inc
On Our Own V Inc, as a nonprofit organization, is dedicated to providing housing and support for disabled adults. The mission of On Our Own V Inc is centered around offering a conducive living environment and necessary assistance to individuals with disabilities. With this mission, the organization has successfully provided housing and support for 14 disabled adults, demonstrating its commitment to improving the lives of those in need. The work of On Our Own V Inc is essential in empowering disabled adults, enabling them to live independently and with dignity.
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Impact
August, 2024
On Our Own V Inc's impact is evident in its provision of housing and support for disabled adults. By offering housing and support services to 14 disabled adults in Hot Springs, Arkansas, this organization directly enhances the quality of life for individuals with disabilities. Through their mission to provide housing and support, On Our Own V Inc is positively impacting the lives of those who may otherwise face challenges in finding suitable living arrangements and receiving necessary support. Their commitment to this cause is reflected in their dedicated efforts to address the needs of disabled adults and contribute to their well-being.
This information is meant to be a general summary of On Our Own V 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: $16
- Program Service Revenue: $66,160
- Gross Receipts: $66,176
Assets and Liabilities:
- Total Assets: $524,380
- Total Liabilities: $86,725
- Net Assets: $437,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$66,160
Organization Details
Phone
(501) 620-5530Principal Officer
Chris Smith
Main Address
PO BOX 2440, HOT SPRINGS, AR, 71914
NTEE Category
Code: L21 - Housing
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