Overview
What is Ohio Valley Opportunities Inc?
Ohio Valley Opportunities Inc, based in Madison, Indiana, is a nonprofit community action agency. They administer programs funded by the federal government and the state of Indiana, using the funds to create self-sufficiency opportunities for low-income individuals and families. Their initiatives encompass community services, housing development and assistance, rehabilitation, weatherization, child care development, and energy assistance. As a community action agency, Ohio Valley Opportunities Inc addresses the root causes of poverty through effective financial resource management. Their services empower individuals and families to achieve financial stability, reach their full potential, and contribute to their community. With a team of 77 dedicated employees, Ohio Valley Opportunities Inc plays a significant role in improving the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Ohio Valley Opportunities Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score, primarily derived from a comprehensive evaluation of financial practices, showcases the organization’s commitment to transparency and responsible management of resources.
The nonprofit demonstrates exceptional governance, with a fully independent board and no material diversion of assets reported. Financial health indicators, such as a low liabilities to assets ratio and a high program expense ratio, indicate that the majority of funds are directed towards program services rather than administrative costs. This suggests that the organization effectively utilizes its resources to fulfill its mission.
While the rating highlights significant strengths, it is essential to note that the score is based solely on financial metrics. This focus does not encompass qualitative aspects such as program effectiveness or community impact, which are also vital for understanding a nonprofit's overall performance. Nonetheless, based on financial accountability, Ohio Valley Opportunities Inc appears to be a responsible and reliable organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Valley Opportunities Inc legitimate?
Ohio Valley Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Valley 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: $1,637,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,697
For more financial information, click here
What is the mission statement of Ohio Valley Opportunities Inc?
Ohio Valley Opportunities Inc, as a community action agency, focuses on eradicating the underlying causes of poverty through prudent management of the financial resources entrusted to them. Their mission is to empower low-income individuals and families to attain financial stability, unlock their full potential, and become active citizens and leaders in their communities. By providing outcome-based quality services, they enable recipients to become self-sufficient and participate fully in society.
Who is the CEO of Ohio Valley Opportunities Inc?
Elaina Freeman is the Director of Ohio Valley Opportunities Inc.
What is the revenue of Ohio Valley Opportunities Inc?
Ohio Valley Opportunities Inc's revenue in 2022 was $13,390,399.
Who are the executives of Ohio Valley Opportunities Inc and what are their salaries?
The average compensation at Ohio Valley Opportunities Inc during 2022 was $24,324. There are 77 employees and 249 volunteers at Ohio Valley Opportunities Inc.
Here are 17 key members and their salaries:
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- Compensation: $86,085
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- Other: $14,620
- Compensation: $120,311
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- Other: $14,681
Where can I find the form 990 for Ohio Valley Opportunities Inc?
Ohio Valley Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ohio Valley Opportunities Inc
Ohio Valley Opportunities Inc, a community action agency, is dedicated to tackling the root causes of poverty and achieving self-sufficiency for low-income individuals and families. With a focus on good stewardship of the financial resources entrusted to them, Ohio Valley Opportunities Inc provides quality services that empower individuals and families to attain financial stability and reach their full potential. By promoting participation in their communities, the organization aims to foster leadership among those they serve. Ohio Valley Opportunities Inc is committed to delivering outcome-based services that go beyond mere assistance, investing in the long-term growth and development of those they assist. Through their initiatives, they offer opportunities for individuals and families to become self-reliant and active contributors to their communities. Ohio Valley Opportunities Inc's mission is driven by a strong belief that everyone deserves the chance to thrive, and they strive to create an environment that fosters personal growth, empowerment, and community engagement.
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Impact
October, 2024
Ohio Valley Opportunities Inc significantly impacts low-income individuals and families by providing essential services designed to foster self-sufficiency. The organization offers a wide range of programs funded by federal and state resources aimed at addressing critical issues stemming from poverty.
Through community services, housing development, rehabilitation, weatherization, child care development, and energy assistance, OVO plays a vital role in empowering individuals and families. The initiatives are structured to intervene at key moments in the poverty cycle, enabling participants to achieve greater stability and independence.
By effectively administering grants such as Energy Assistance, Weatherization, Section 8 Housing, the Community Services Block Grant, and Head Start, OVO ensures that financial resources are used to create positive, measurable outcomes. This approach not only helps families overcome immediate challenges but also equips them to realize their full potential and actively contribute as citizens and leaders in their communities. Ultimately, Ohio Valley Opportunities Inc fosters empowerment, resilience, and long-term financial stability among those it serves.
This information is meant to be a general summary of Ohio Valley 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 2022.
- Investment Income: $34,009
- Program Service Revenue: $198,530
- Gross Receipts: $13,390,399
Assets and Liabilities:
- Total Assets: $5,807,340
- Total Liabilities: $1,345,872
- Net Assets: $4,461,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOME
Revenue
$198,530
Organization Details
Founding Year
1965
Phone
(812) 265-5858Principal Officer
Elaina Freeman
Main Address
PO BOX 625, MADISON, IN, 47250
NTEE Category
Code: P200 - Human services
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