Overview
What is Opportunity Housing Inc Of Putnam County?
Opportunity Housing Inc. of Putnam County is a nonprofit organization dedicated to offering affordable housing solutions. They provide and manage units for low-income single families, serving as a supportive landlord. Furthermore, they extend their mission to assist lower-income families in achieving home ownership by acting as a mortgagee. Their programs focus on maintaining and renting out affordable housing units and facilitating mortgage opportunities for eligible families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Opportunity Housing Inc Of Putnam County has received a low rating, indicating significant shortcomings in its accountability and financial practices. While the organization boasts a fully independent board, which is a positive aspect, it has failed to provide essential financial statements and other required documentation, resulting in a poor score in this area.
The organization does excel in its program expense ratio, allocating a high percentage of its expenditures directly to program services, suggesting that the majority of its funds are directed towards its mission. However, the lack of transparency regarding financial statements and the absence of crucial policies such as conflict of interest and whistleblower policies raises concerns about its governance and oversight.
Overall, while the commitment to program services is commendable, the serious deficiencies in financial reporting and organizational policies must be addressed for Opportunity Housing Inc to improve its standing and build trust with stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Housing Inc Of Putnam County legitimate?
Opportunity Housing Inc Of Putnam County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Housing Inc Of Putnam County 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: $136,604
For more financial information, click here
What is the mission statement of Opportunity Housing Inc Of Putnam County?
Opportunity Housing Inc of Putnam County is dedicated to providing affordable housing solutions. They achieve this by maintaining and renting out units for low-income single families and acting as a mortgagee to facilitate home ownership for lower income families. Their mission extends beyond just providing housing, as they also oversee programs aimed at making home ownership attainable for this demographic.
What is the revenue of Opportunity Housing Inc Of Putnam County?
Opportunity Housing Inc Of Putnam County's revenue in 2023 was $858,283.
Who are the executives of Opportunity Housing Inc Of Putnam County and what are their salaries?
The average compensation at Opportunity Housing Inc Of Putnam County during 2023 was $27,321. There are 5 employees at Opportunity Housing Inc Of Putnam County.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Opportunity Housing Inc Of Putnam County?
Opportunity Housing Inc Of Putnam County's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Opportunity Housing Inc Of Putnam County
Opportunity Housing Inc of Putnam County is dedicated to providing affordable housing solutions. This nonprofit organization fulfills its mission by maintaining and renting out units for low-income single families. It also extends its services to assist lower income families in achieving homeownership by acting as a mortgagee. By offering these programs, Opportunity Housing Inc of Putnam County aims to make housing more accessible and affordable for those in need.
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Impact
July, 2024
Opportunity Housing Inc Of Putnam County plays a crucial role in providing low-cost housing options for low-income single families in Greencastle, IN. By maintaining and renting units at affordable rates, the organization helps ensure that individuals and families have access to safe and stable housing. Additionally, by acting as a mortgagee for home ownership, Opportunity Housing facilitates the path to homeownership for lower-income families in the community. Overall, its impact is evident in the tangible support it provides to those in need of affordable housing solutions, contributing to the stability and well-being of individuals and families in Putnam County.
This information is meant to be a general summary of Opportunity Housing Inc Of Putnam County. 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: $604
- Program Service Revenue: $546,584
- Gross Receipts: $858,283
Assets and Liabilities:
- Total Assets: $1,694,265
- Total Liabilities: $1,346,760
- Net Assets: $347,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS COLLECTED
Revenue
$532,400
LAUNDRY MACHINES
Revenue
$5,361
MISCELLANEOUS INCOME
Revenue
$3,466
DEPOSITS
Revenue
$3,147
LATE FEES COLLECTED
Revenue
$1,560
Organization Details
Founding Year
1989
Principal Officer
Tyler Cox
NTEE Category
Code: L20 - Housing
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