Overview
What is Ohio Conference Ame Housing Inc?
Ohio Conference AME Housing Inc is a nonprofit organization situated in Columbus, Ohio. Their primary focus is to provide subsidized housing for the elderly and handicapped community, adhering to Section 207 of the National Housing Act. This organization specifically aims to construct, own, and operate a 45-unit apartment complex in Marysville, Ohio, catering to the elderly population. Their mission is to offer housing facilities and services tailored to the physical, social, and psychological needs of elderly and handicapped individuals, promoting their health, security, happiness, and usefulness in longer living. The costs of these facilities and services are maintained on a non-profit basis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Ohio Conference Ame Housing Inc has received a two-star rating from Charity Navigator, indicating that while the organization shows strong accountability and finance practices, there are notable areas needing improvement. The organization achieved a perfect score in several key areas, such as having an independent board and maintaining a high program expense ratio, which reflects a commitment to its mission.
However, the organization faces significant challenges, particularly with missing policies related to conflict of interest, whistleblower protection, and document retention. Additionally, the financial health is concerning due to a high liabilities to assets ratio, which could impact its long-term sustainability. These limitations highlight the need for Ohio Conference Ame Housing Inc to strengthen its governance practices and financial management.
Overall, the organization's strong program expense ratio suggests effective use of funds towards its mission, but the gaps in governance and financial health indicate a need for action to enhance transparency and accountability. Addressing these issues could improve its rating in the future, making it a more trustworthy option for potential donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Conference Ame Housing Inc legitimate?
Ohio Conference Ame Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Conference Ame Housing 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: $0
For more financial information, click here
What is the mission statement of Ohio Conference Ame Housing Inc?
Ohio Conference AME Housing Inc's mission is centered around providing housing facilities and services for the elderly and disabled individuals. These facilities and services are designed to cater to their physical, social, and psychological needs, aiming to enhance their health, security, happiness, and overall usefulness in longer living. Notably, the charges for these facilities and services are based on the maintenance, provision, and operation of the housing community on a non-profit basis.
What is the revenue of Ohio Conference Ame Housing Inc?
Ohio Conference Ame Housing Inc's revenue in 2024 was $505,317.
Who are the executives of Ohio Conference Ame Housing Inc and what are their salaries?
There 6 volunteers at Ohio Conference Ame Housing Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ohio Conference Ame Housing Inc?
Ohio Conference Ame Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ohio Conference Ame Housing Inc
Ohio Conference Ame Housing Inc is committed to providing elderly individuals and those with disabilities with specialized housing facilities and services that cater to their physical, social, and psychological needs. This nonprofit organization aims to promote the health, security, happiness, and usefulness of its residents in their quest for longer living. The charges for these facilities and services are determined based on the provision, maintenance, and operation of the housing community on a non-profit basis. The mission of Ohio Conference Ame Housing Inc is to create an environment where elderly and handicapped individuals can thrive, ensuring their well-being and overall quality of life.
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Impact
July, 2024
Ohio Conference Ame Housing Inc's impact lies in providing a vital service to elderly and handicapped individuals in Marysville, Ohio. Through the construction, ownership, and operation of a 45-unit apartment community, this organization offers subsidized housing under Section 207 pursuant to Section 223(F) of the National Housing Act. By offering facilities and services specially designed to meet the physical, social, and psychological needs of its residents, Ohio Conference Ame Housing Inc promotes health, security, happiness, and usefulness in longer living for its inhabitants. This initiative not only provides essential housing but also contributes to the overall well-being and quality of life of the elderly and handicapped members of the community.
This information is meant to be a general summary of Ohio Conference Ame Housing 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: $3,045
- Program Service Revenue: $208,655
- Gross Receipts: $505,317
Assets and Liabilities:
- Total Assets: $1,231,873
- Total Liabilities: $1,694,385
- Net Assets: -$462,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$208,655
Organization Details
Founding Year
1982
Principal Officer
Carl White
NTEE Category
Code: L20Z - Housing
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