Overview
What is Owsley County Housing Association Inc?
Owsley County Housing Association Inc, doing business as Eastside Apartments, is a nonprofit organization situated in Booneville, Kentucky. Their primary focus is on providing affordable housing for elderly, handicapped, and low-income individuals. They operate a 40-unit apartment complex, and the rents are subsidized under Section 8/Section 202 of the U.S. Department of HUD's National Housing Act. The organization plays a significant role in offering stable living arrangements for those who may require additional support due to their age or disabilities. With a small team of one employee, Eastside Apartments strives to make a positive impact in the community by providing essential housing solutions for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Owsley County Housing Association Inc, operating as Eastside Apartments, has earned a commendable Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The overall score is derived solely from the Accountability & Finance beacon, where the organization scored 87%. This rating suggests a solid foundation in financial management and governance practices.
One of the key strengths of Eastside Apartments is its governance structure, featuring an entirely independent board with five members, which enhances transparency and decision-making integrity. The organization demonstrates effective financial practices, reflected in its 92.58% program expense ratio, indicating a high percentage of funds directed towards its housing programs. Additionally, the absence of material diversion of assets further underscores the charity's financial health.
However, while the organization performs well in accountability and finance, the rating primarily focuses on these aspects without assessing other potential factors such as program impact or community engagement. Therefore, while the financial management is strong, further information on overall program effectiveness could provide a more comprehensive view of its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Owsley County Housing Association Inc legitimate?
Owsley County Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owsley County Housing Association 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: $84,788
For more financial information, click here
What is the mission statement of Owsley County Housing Association Inc?
The Owsley County Housing Association Inc, operating under the name Eastside Apartments, focuses on providing housing solutions for individuals with limited income and disabilities. This is achieved through the operation of a 40-unit apartment complex, which is subsidized under Section 8 and Section 202 of the National Housing Act by the U.S. Department of HUD. The project is specifically designed for elderly, handicapped, and low-income tenants, ensuring affordable rent for those who need it most. The association's mission ultimately aims to provide a suitable living environment for these vulnerable groups, enhancing their quality of life.
Who is the CEO of Owsley County Housing Association Inc?
Kendall Robinson is the President of Owsley County Housing Association Inc.
What is the revenue of Owsley County Housing Association Inc?
Owsley County Housing Association Inc's revenue in 2022 was $456,321.
Who are the executives of Owsley County Housing Association Inc and what are their salaries?
The average compensation at Owsley County Housing Association Inc during 2022 was $84,788. There is 1 employee and 5 volunteers at Owsley County Housing Association Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Owsley County Housing Association Inc?
Owsley County Housing Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Owsley County Housing Association Inc
Owsley County Housing Association Inc D/Ba Eastside Apartments is dedicated to providing affordable housing options for low-income and disabled individuals. Operating under Section 8/Section 202 of the National Housing Act, this nonprofit organization manages a 40-unit apartment complex specifically designed for elderly, handicapped, and low-income tenants. The rents in this project are subsidized by the U.S. Department of HUD, ensuring that the residents can afford to live in a safe and comfortable environment. By providing such housing solutions, Owsley County Housing Association Inc D/Ba Eastside Apartments contributes to the well-being and independence of its residents, enabling them to maintain a dignified lifestyle.
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Impact
July, 2024
Eastside Apartments, operated by Owsley County Housing Association Inc, provides vital housing support to low-income, disabled, and elderly individuals in Booneville, KY. With 40 subsidized units under Section 8/Section 202 of the U.S. Dept. of HUD, this project offers a secure and affordable living option for those in need. By offering subsidized rents and specialized housing options, Eastside Apartments plays a crucial role in addressing the housing challenges faced by vulnerable populations in the community. Their impact goes beyond providing shelter; they contribute to improving the quality of life and well-being for individuals who may otherwise struggle to find suitable housing options.
This information is meant to be a general summary of Owsley County Housing Association 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: $1,870
- Program Service Revenue: $129,143
- Gross Receipts: $456,321
Assets and Liabilities:
- Total Assets: $856,362
- Total Liabilities: $222,954
- Net Assets: $633,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$129,143
Organization Details
Founding Year
1971
Phone
(502) 634-9830Principal Officer
Kendall Robinson
Main Address
100 EASTSIDE LANE, BOONEVILLE, KY, 41314
NTEE Category
Code: L22Z - Housing
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