Overview
What is Options Properties Inc?
Options Properties Inc is a nonprofit organization situated in Marlborough, Massachusetts, specifically at 82 Brigham Street. Their primary focus is to provide subsidized housing for ten individuals who are elderly, disabled, or handicapped, and have low income. Beyond housing, they offer activities and services tailored to these individuals, aiming to improve their quality of life. The organization's mission is deeply rooted in supporting this specific demographic, ensuring they have access to a safe and nurturing environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Options Properties Inc has received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial management. The overall score is derived solely from the Accountability & Finance beacon, which indicates a strong focus on transparent operations and responsible financial stewardship.
The organization excels with perfect scores in areas such as independent board membership, material diversion of assets, and the presence of essential policies like conflict of interest and whistleblower protection. Additionally, it reports a high program expense ratio of 89.17%, suggesting that a significant portion of its funding is directed toward its mission-related activities.
However, the organization does face challenges with a liabilities to assets ratio of 89.54%, indicating a potentially concerning level of liabilities relative to its assets. Moreover, while transparency is evident in its financial practices, the salary of the executive director is noted at $134,446, which may be a point of discussion among stakeholders regarding compensation practices. Overall, Options Properties Inc demonstrates strong accountability and focuses on effective resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Options Properties Inc legitimate?
Options Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options Properties 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: $32,499
For more financial information, click here
What is the mission statement of Options Properties Inc?
Options Properties Inc's mission is centered around providing support for elderly, disabled, and handicapped individuals of low-income. Their primary objective is to offer them suitable housing, engaging activities, and necessary services. The organization strives to ensure that a minimum of 10 individuals can avail of subsidized housing, thereby enhancing their living conditions. Their mission aims to improve the quality of life for these individuals, providing them with the essential resources they need to thrive.
What is the revenue of Options Properties Inc?
Options Properties Inc's revenue in 2024 was $137,025.
Who are the executives of Options Properties Inc and what are their salaries?
There 4 volunteers at Options Properties 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: $167,438
- Other: $5,282
Where can I find the form 990 for Options Properties Inc?
Options Properties Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Options Properties Inc
Options Properties Inc, as a nonprofit organization, is committed to providing housing, activities, and essential services to elderly, disabled, and handicapped individuals of low-income backgrounds. Their mission is to support this vulnerable population, ensuring they have access to a secure living environment and necessary resources. The organization provides subsidized housing for ten individuals, offering them a sense of stability and security. By offering subsidized housing, Options Properties Inc enables these individuals to focus on their well-being and daily needs, rather than being burdened by exorbitant housing costs. The organization's mission is a vital contribution to the community, ensuring that all individuals, regardless of their income or physical abilities, have the opportunity to live with dignity and independence.
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Impact
October, 2024
Options Properties Inc significantly impacts the community by providing essential housing and support services to elderly, disabled, and handicapped individuals with low incomes. By offering subsidized housing for 10 individuals, the organization addresses a critical need for affordable living arrangements, ensuring that vulnerable members of the community have a safe and stable place to call home.
In addition to housing, Options Properties Inc fosters a supportive environment by facilitating activities and services tailored to the unique needs of its residents. This holistic approach not only enhances the quality of life for individuals but also promotes social engagement and a sense of belonging among residents.
Operating in Marlborough, MA, Options Properties Inc serves as a vital resource in the community, making a meaningful difference in the lives of those it supports by helping them achieve greater independence and improved well-being.
This information is meant to be a general summary of Options Properties 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: $15
- Program Service Revenue: $137,010
- Gross Receipts: $137,025
Assets and Liabilities:
- Total Assets: $646,836
- Total Liabilities: $531,460
- Net Assets: $115,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEES
Revenue
$74,949
HUD RENTAL SUBSIDY
Revenue
$62,061
Organization Details
Founding Year
1999
Principal Officer
Shannon Leary
NTEE Category
Code: L22 - Housing
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