Overview
What is Omaha 100?
Omaha 100 is a nonprofit organization situated in Omaha, Nebraska, with a specific mission to create 100 affordable housing loans annually for low and moderate-income individuals in the city. They achieve this goal by leveraging public and private partnerships, financing, and technical assistance. Their purpose is to provide home ownership opportunities, enabling those in need to become homeowners, thereby improving their living situations and contributing positively to their communities.
Official website here: www.omaha100.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Omaha 100 has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The overall score is derived entirely from its Accountability & Finance beacon score, which reflects the charity's commitment to transparency and effective governance. With a fiscal year ending in 2022, Omaha 100 demonstrates strong financial health and operational integrity.
The organization boasts a fully independent board, scoring the maximum points in both independent board members and size. Additionally, Omaha 100 has implemented robust oversight measures, including an audit and oversight committee and comprehensive policies regarding conflict of interest and whistleblower protections. The program expense ratio is also commendably high at 83.36%, demonstrating a strong focus on its mission-driven activities.
While Omaha 100 showcases numerous strengths in governance and financial practices, the singular focus on the Accountability & Finance score means that potential donors might seek additional information regarding programmatic impact and outcomes. However, the established policies and independent oversight instill confidence in the organization's dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Omaha 100 legitimate?
Omaha 100 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha 100 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: $93,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,411
For more financial information, click here
Official website here: www.omaha100.org
What is the mission statement of Omaha 100?
The mission of Omaha 100, as an organization, is to facilitate home ownership opportunities for individuals with low and moderate income levels. They achieve this goal through strategic partnerships with both public and private sectors, providing financing and technical assistance. The primary aim is to enable these individuals to become homeowners, thereby enhancing their living standards. Their activities are geared towards creating a significant number of affordable housing loans annually, with a target of 100 loans each year. This initiative is designed to improve the housing situation for a substantial segment of the population, thus contributing to their overall well-being.
Official website here: www.omaha100.org
Who is the CEO of Omaha 100?
Malinda Williams is the Vice President of Omaha 100.
Official website here: www.omaha100.org
What is the revenue of Omaha 100?
Omaha 100's revenue in 2022 was $769,955.
Official website here: www.omaha100.org
Who are the executives of Omaha 100 and what are their salaries?
There 10 volunteers at Omaha 100.
Here are 10 key members and their salaries:
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- Compensation: $93,477
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Official website here: www.omaha100.org
Where can I find the form 990 for Omaha 100?
Omaha 100's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omaha100.org
Learn more at the official website: www.omaha100.org
Mission Statement of Omaha 100
Omaha 100 is an organization dedicated to providing home ownership opportunities for low and moderate income borrowers. Through strategic partnerships, financing, and technical assistance, this nonprofit aims to enable 100 such individuals to own their homes annually. The mission of Omaha 100 is centered around creating affordable housing in a proactive manner, thereby contributing to the betterment of the community. By leveraging public and private partnerships, the organization seeks to make home ownership a reality for those who may otherwise struggle to achieve this goal. Their activities are all aimed at achieving this annual target, thereby contributing to the overall welfare and stability of their community.
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Impact
October, 2024
Omaha 100 significantly impacts the housing landscape by facilitating home ownership opportunities for low and moderate-income individuals in Omaha. Through strategic public and private partnerships, it offers financing options and technical assistance tailored to the needs of those who may otherwise struggle to secure home loans. This initiative aims to create 100 affordable housing loans each year, directly contributing to the stability and prosperity of families in the community. By empowering these borrowers, Omaha 100 not only helps individuals achieve their dreams of home ownership but also fosters economic growth and revitalization in the city, enhancing the quality of life for residents and strengthening neighborhoods.
This information is meant to be a general summary of Omaha 100. 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: $16,411
- Program Service Revenue: $576,703
- Gross Receipts: $803,244
Assets and Liabilities:
- Total Assets: $34,135,600
- Total Liabilities: $31,839,733
- Net Assets: $2,295,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES
Revenue
$431,019
NET GAIN ON SALE OF PR
Revenue
$107,255
ORIGINATION FEES
Revenue
$27,282
CREDIT REPORT FEES
Revenue
$5,743
MISC. SERVICE FEES
Revenue
$5,404
Organization Details
Founding Year
1990
Phone
(402) 342-3773Principal Officer
Malinda Williams
Main Address
2401 LAKE STREET, OMAHA, NE, 68111
Website
www.omaha100.orgNTEE Category
Code: L80Z - Housing
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