Overview
What is Arrowhead Economic Opportunity Agency Incorporated?
Arrowhead Economic Opportunity Agency Incorporated is a Minnesota-based nonprofit organization with a mission to enhance communities by helping individuals meet their essential living needs. Their services span across Cook, Lake, and St Louis Counties and include housing assistance such as Business Energy Retrofit, Emergency and Transitional Housing, Energy Assistance, and Weatherization. Additionally, they offer programs for homeless youth, homeownership education, and financial assistance, among others. AEOA's commitment reaches beyond housing, extending to homeless prevention and re-housing, housing support services for adults with serious mental illness, and MNSure Marketplace Assistance. With a team of over 500 employees, they strive to ensure affordable, quality housing options and improve overall living conditions for those in need.
Official website here: www.aeoa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Arrowhead Economic Opportunity Agency Incorporated has achieved an impressive Four-Star rating from Charity Navigator, which is a testament to its strong accountability and financial management. The organization scored a perfect 100% in its Accountability & Finance category, primarily reflecting its commitment to transparency and responsible governance practices.
The agency demonstrates a robust governance structure with a fully independent board, ensuring that all members are dedicated to the mission without conflicts of interest. Their financial health is also notable, as indicated by a program expense ratio of 79.31%, which signifies that a substantial portion of their budget is allocated directly to their programs and services.
While the overall data emphasizes the agency's strengths in governance and financial practices, specific limitations or areas for improvement were not mentioned. Overall, the high rating reflects a well-managed organization dedicated to effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Arrowhead Economic Opportunity Agency Incorporated legitimate?
Arrowhead Economic Opportunity Agency Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arrowhead Economic Opportunity Agency Incorporated 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: $967,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,847,382
For more financial information, click here
Official website here: www.aeoa.org
What is the mission statement of Arrowhead Economic Opportunity Agency Incorporated?
Arrowhead Economic Opportunity Agency (AEOA) is dedicated to enhancing communities by offering opportunities to individuals facing social and economic difficulties. Through their various services, AEOA strives to help people meet their basic living needs and secure affordable housing. Their mission encompasses a range of initiatives, including energy assistance, homeownership education, and transitional housing. By providing these resources, AEOA aims to improve the overall quality of life for those it serves. In essence, AEOA's mission is to build stronger communities by empowering individuals in need.
Official website here: www.aeoa.org
Who is the CEO of Arrowhead Economic Opportunity Agency Incorporated?
Scott Zahorik is the Executive Director of Arrowhead Economic Opportunity Agency Incorporated.
Official website here: www.aeoa.org
What is the revenue of Arrowhead Economic Opportunity Agency Incorporated?
Arrowhead Economic Opportunity Agency Incorporated's revenue in 2022 was $39,136,123.
Official website here: www.aeoa.org
Who are the executives of Arrowhead Economic Opportunity Agency Incorporated and what are their salaries?
The average compensation at Arrowhead Economic Opportunity Agency Incorporated during 2022 was $27,384. There are 541 employees and 1800 volunteers at Arrowhead Economic Opportunity Agency Incorporated.
Here are 37 key members and their salaries:
- Compensation: $125,492
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- Other: $9,999
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- Other: $7,984
- Compensation: $98,292
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- Other: $5,600
- Compensation: $95,910
- Related: $0
- Other: $7,633
- Compensation: $91,868
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- Other: $5,384
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Official website here: www.aeoa.org
Where can I find the form 990 for Arrowhead Economic Opportunity Agency Incorporated?
Arrowhead Economic Opportunity Agency Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aeoa.org
Learn more at the official website: www.aeoa.org
Mission Statement of Arrowhead Economic Opportunity Agency Incorporated
Arrowhead Economic Opportunity Agency Incorporated, or AEOA, is a mission-driven organization dedicated to enhancing communities by extending a helping hand to people facing social and economic hurdles. With a strong commitment to building stronger neighborhoods, AEOA offers a range of services designed to help individuals meet their fundamental living needs and secure affordable, high-quality housing.
AEOA's primary objective is to create thriving communities by addressing the essential needs of its residents. Among the services it provides are Business Energy Retrofit, Downtown Building Revitalization, Emergency & Transitional Housing, Energy Assistance, Homeless Youth Housing, Homeownership Education & Financial Assistance, Homeless Prevention & Re-housing, Housing Support Services for Adults with Serious Mental Illness, MNSure Marketplace Assistance, Permanent Supportive Housing, Single-family Rehabilitation, and Weatherization.
In essence, AEOA's mission revolves around ensuring that people have access to the resources they need to overcome social and economic challenges and improve their overall quality of life. By offering these comprehensive services, AEOA empowers individuals and families to build a solid foundation for their future and contribute to the vitality of their communities.
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Impact
October, 2024
Arrowhead Economic Opportunity Agency Incorporated (AEOA) significantly impacts communities by addressing the pressing social and economic challenges faced by individuals and families in Cook, Lake, and St. Louis Counties. Their comprehensive housing services offer critical support through various programs, including emergency and transitional housing, which play a vital role in ensuring that vulnerable populations have access to stable shelter.
AEOA helps to revitalize communities with initiatives like the Business Energy Retrofit and Downtown Building Revitalization, which not only improve the physical infrastructure but also enhance economic prospects for local businesses. The organization's commitment to affordable housing is evident through services such as homeownership education, financial assistance, and single-family rehabilitation, empowering individuals to achieve sustainable living conditions.
The organization also places a strong emphasis on preventing homelessness by providing targeted support services, including assistance for homeless youth and adults with serious mental illness. By offering programs like MNSure Marketplace Assistance, AEOA ensures that individuals and families can access essential healthcare resources, further contributing to their overall well-being.
In summary, AEOA strengthens communities by promoting economic stability, improving living conditions, and fostering resilience among those experiencing challenging circumstances. Their multifaceted approach not only meets immediate needs but also lays the groundwork for long-term community improvement and individual empowerment.
This information is meant to be a general summary of Arrowhead Economic Opportunity Agency Incorporated. 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.
- Program Service Revenue: $9,872,031
- Gross Receipts: $39,136,123
Assets and Liabilities:
- Total Assets: $33,957,216
- Total Liabilities: $13,689,883
- Net Assets: $20,267,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$9,872,031
Organization Details
Founding Year
1965
Phone
(218) 749-2912Principal Officer
Scott Zahorik
Main Address
702 3RD AVE S, VIRGINIA, MN, 55792
Website
www.aeoa.orgNTEE Category
Code: S20 - Community improvement
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