Overview
What is Housing Opportunities Inc?
Housing Opportunities Inc, based in Great Bend, Kansas, is a dedicated nonprofit organization serving Barton, Pawnee, and Rice counties. Their primary mission is to ensure decent, safe, and affordable housing for families, prioritizing those with low to very low income. To achieve this, they apply for grant money through government programs and manage the funds to construct income-based housing projects. Once completed, they oversee property management, including renting and maintenance services. Their work aims to provide housing ownership opportunities and rental alternatives, enabling families to secure safe and decent living spaces they otherwise may not be able to afford.
Official website here: www.housingopportunities.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Housing Opportunities Inc has achieved an 81% score, reflecting a solid three-star rating, primarily based on its accountability and finance practices. The organization demonstrates a strong commitment to financial transparency, with a perfect score for its independent board composition and oversight measures, indicating robust governance and minimal risk for material asset diversion.
The nonprofit's program expense ratio is commendable at 82.68%, suggesting that a significant portion of its budget is directed toward its mission and programs, rather than administrative costs. Additionally, the organization has implemented essential policies, such as conflict of interest and whistleblower protections, further strengthening its accountability framework.
However, while the rating indicates strong financial health, the summary does not provide insights into the impact of its programs or community feedback, which are crucial for a comprehensive understanding of its effectiveness. Overall, Housing Opportunities Inc appears to uphold high standards in governance and financial management, positioning it as a responsible choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities Inc legitimate?
Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities 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: $332,130
For more financial information, click here
Official website here: www.housingopportunities.net
What is the mission statement of Housing Opportunities Inc?
Housing Opportunities Inc is dedicated to serving families in need by providing them with decent, safe, and sanitary housing that is affordable. The organization's mission extends to Barton, Pawnee, and Rice Counties in Kansas, specifically targeting families with low to very low income. The programs offered by Housing Opportunities Inc include the production of affordable housing, enabling home ownership opportunities or providing rental alternatives for families who cannot otherwise afford safe and decent housing. The organization's goal is to ensure every family has a place to call home.
Official website here: www.housingopportunities.net
What is the revenue of Housing Opportunities Inc?
Housing Opportunities Inc's revenue in 2023 was $1,776,144.
Official website here: www.housingopportunities.net
Who are the executives of Housing Opportunities Inc and what are their salaries?
The average compensation at Housing Opportunities Inc during 2023 was $30,194. There are 11 employees at Housing Opportunities Inc.
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- Compensation: $83,208
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Official website here: www.housingopportunities.net
Where can I find the form 990 for Housing Opportunities Inc?
Housing Opportunities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housingopportunities.net
Learn more at the official website: www.housingopportunities.net
Mission Statement of Housing Opportunities Inc
Housing Opportunities Inc, a nonprofit organization, is dedicated to serving families in Barton, Pawnee, and Rice Counties in Kansas. Their primary mission is to ensure that every family, particularly those with low to very low income, has access to decent, safe, and sanitary housing that they can afford. To achieve this goal, the organization offers a variety of programs, including the production of affordable housing to provide opportunities for home ownership and rental alternatives for families who cannot afford safe and decent housing otherwise. By doing so, Housing Opportunities Inc strives to make a significant impact on the lives of families in need, enabling them to live in secure and comfortable homes.
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Impact
October, 2024
Housing Opportunities Inc has a significant impact on the communities of Barton, Pawnee, and Rice Counties in Kansas by addressing the critical need for affordable housing. By focusing on families with low to very low incomes, the organization plays a pivotal role in ensuring that these families have access to decent, safe, and sanitary living conditions.
Through its various programs, Housing Opportunities Inc facilitates the production of affordable housing, creating both homeownership opportunities and rental alternatives. This is particularly important for families who struggle to find housing that meets their basic needs due to financial constraints. By applying for and securing grant funding from government programs, the organization develops properties that are specifically designed to serve the local community's needs.
Once properties are constructed, Housing Opportunities Inc takes on the responsibility of managing them, overseeing everything from rental agreements to maintenance. This comprehensive approach ensures a sustainable model of housing support, allowing families to thrive in their homes while cultivating a sense of community.
Overall, Housing Opportunities Inc enhances the quality of life for countless families by providing stable housing solutions, which in turn fosters economic stability and growth within the region.
This information is meant to be a general summary of Housing Opportunities 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: $36,603
- Program Service Revenue: $848,790
- Gross Receipts: $1,773,686
Assets and Liabilities:
- Total Assets: $6,219,192
- Total Liabilities: $5,133,023
- Net Assets: $1,086,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$472,700
MAINTENANCE INCOME
Revenue
$165,053
DEVELOPER FEE
Revenue
$90,000
MANAGEMENT FEE
Revenue
$82,368
MISCELLANEOUS INCOME
Revenue
$22,197
Organization Details
Founding Year
1997
Principal Officer
Callie Miller
Website
www.housingopportunities.netNTEE Category
Code: L20 - Housing
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