Overview
What is Palo Duro Ii Inc?
Palo Duro II Inc is a nonprofit organization established in 2007 with a mission to construct and manage a low-income housing complex in Oklahoma City, specifically catering to the mentally handicapped. Funded and overseen by the Federal Department of Housing and Urban Development (HUD), the organization's activities remained inactive until late 2009. Construction started during this period and continued through 2010, eventually leading to the commencement of operations in 2011. The project, in line with Section 811 of the National Affordable Housing Act, aims to provide affordable housing solutions for this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%
Palo Duro II Inc has received a score of 45%, earning it a Zero-Star out of Four Star rating, which indicates significant concerns regarding its accountability and financial practices. The lack of independent board members raises questions about governance and oversight, which is crucial for maintaining trust and transparency in nonprofit organizations.
While the organization has a high program expense ratio of 94.35%, reflecting that most of its funding is directed toward its programs, there are notable weaknesses in its accountability measures. The absence of a whistleblower policy and missing documentation related to website presence and records retention may lead to potential risks in governance and operational integrity.
Overall, while Palo Duro II Inc demonstrates a commitment to its mission through substantial program expenditures, its financial accountability and governance structures require improvement. The absence of independent oversight and certain missing policies may hinder its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Palo Duro Ii Inc legitimate?
Palo Duro Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palo Duro Ii 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: $10,523
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What is the mission statement of Palo Duro Ii Inc?
Palo Duro II Inc was established in 2007 with the purpose of constructing a low-income housing complex for individuals with mental disabilities. This project was to be funded and managed under the HUD. The organization saw no activities until the latter part of 2009, when the construction of the facility commenced. Construction continued through 2010, and operations began in 2011. The organization is responsible for operating a 14-unit housing project under Section 811 of the National Affordable Housing Act, overseen by the Federal Department of Housing and Urban Development. This project aims to provide housing for individuals with mental disabilities, thereby improving their living conditions and supporting their overall well-being.
Who is the CEO of Palo Duro Ii Inc?
Lee Endicott is the Chairman of Palo Duro Ii Inc.
What is the revenue of Palo Duro Ii Inc?
Palo Duro Ii Inc's revenue in 2022 was $72,350.
Who are the executives of Palo Duro Ii Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Palo Duro Ii Inc?
Palo Duro Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palo Duro Ii Inc
Palo Duro II Inc, established in 2007, was formed with a mission to construct a low-income housing complex in Oklahoma City, specifically for individuals with mental disabilities. Initially, no activities took place within the organization until the later part of 2009, when construction of the facility commenced. The construction process continued through 2010, and operations finally began in 2011. This organization's mission was carried out under the auspices of HUD, the Federal Department of Housing and Urban Development. The 14-unit housing project, overseen by Palo Duro II Inc, was constructed under Section 811 of the National Affordable Housing Act, providing a safe and affordable living space for mentally handicapped individuals.
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Impact
August, 2024
Palo Duro II Inc's impact can be seen in the provision of affordable housing for the mentally handicapped in Oklahoma City. The organization, formed in 2007, embarked on a project to build a 14-unit housing complex that began operations in 2011. This initiative was funded and operated under HUD, falling under Section 811 of the National Affordable Housing Act. By offering a safe and supportive living environment for this vulnerable population, Palo Duro II Inc contributes to improving the quality of life for individuals with mental disabilities in the community.
This information is meant to be a general summary of Palo Duro Ii 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: $25
- Program Service Revenue: $31,475
- Gross Receipts: $72,350
Assets and Liabilities:
- Total Assets: $1,087,624
- Total Liabilities: $1,738,114
- Net Assets: -$650,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD TENANT SHARE
Revenue
$31,475
Organization Details
Founding Year
2007
Phone
(405) 236-0452Principal Officer
Lee Endicott
Main Address
431 SW 11TH ST, OKLAHOMA CITY, OK, 73109
NTEE Category
Code: L21 - Housing
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