Overview
What is Options For Affordable Housing?
Options For Affordable Housing is a nonprofit organization situated in Houma, Louisiana. Their primary mission is to offer affordable housing solutions to individuals with low and moderate incomes within the local community. This involves gathering community input, planning suitable housing units, pursuing funding, constructing housing units, and managing them according to the stipulations of the funding sources. The organization is dedicated to ensuring the availability of affordable housing, thereby enhancing the living conditions of its target population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Options For Affordable Housing has achieved a commendable score of 87%, reflecting solid performance in both accountability and finance. The organization boasts a fully independent board, a strong program expense ratio of 93.28%, and has shown no material diversions of assets, which underscores its commitment to effective financial management and transparency.
Strengths of this nonprofit include its adherence to good governance practices, such as having a conflict of interest policy in place, and a strong ratio of liabilities to assets at 45%. These factors contribute to its strong financial health, which is essential for maintaining donor trust and support.
However, it is noteworthy that Options For Affordable Housing does not currently have a whistleblower policy, which may be a concern for potential donors looking for robust protections against misconduct. Addressing this gap could enhance their accountability and reinforce their commitment to ethical operations.
This AI summary has been generated from information found on Charity Navigator.
Is Options For Affordable Housing legitimate?
Options For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options For Affordable Housing 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: $0
For more financial information, click here
What is the mission statement of Options For Affordable Housing?
Options For Affordable Housing's mission is centered around providing affordable housing solutions. This mission is carried out by soliciting community input, designing appropriate housing units that cater to low and moderate income individuals, applying for necessary funding, constructing the units, and managing them in accordance with the funding guidelines. The organization's primary goal is to make affordable housing a reality for those who need it most.
Who is the CEO of Options For Affordable Housing?
Unavailable
What is the revenue of Options For Affordable Housing?
Options For Affordable Housing's revenue in 2022 was $162,347.
Who are the executives of Options For Affordable Housing and what are their salaries?
There 5 volunteers at Options For Affordable Housing.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Options For Affordable Housing?
Options For Affordable Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Options For Affordable Housing
Options For Affordable Housing, as the name suggests, is committed to a mission that prioritizes providing affordable housing options for individuals with moderate and low income levels. This nonprofit organization takes an active role in the process, starting by soliciting input from the community to ensure the housing units align with local needs. They then design appropriate housing units that cater to this demographic and apply for the necessary funding. Once funding is secured, they construct the housing units, adhering to the guidelines set by the funding sources. Lastly, they operate and manage the units, ensuring they are maintained to the required standards. By offering affordable housing, Options For Affordable Housing contributes significantly to the well-being and stability of their community members, enabling them to focus on other aspects of their lives.
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Impact
October, 2024
Options For Affordable Housing significantly impacts the community by addressing the critical need for affordable housing for low and moderate-income individuals and families. By actively involving the community in the planning process, the organization ensures that housing solutions are tailored to local needs and preferences. Their approach includes soliciting community input, which fosters a sense of ownership and engagement among residents.
Through the construction of single-family residences, Options For Affordable Housing creates stable living environments that enhance the quality of life for residents. This not only contributes to the housing landscape of Houma, LA, but also promotes economic stability and social cohesion within the community. By managing and operating these units according to funding guidelines, the organization secures ongoing support and sustainability for its housing initiatives.
Overall, Options For Affordable Housing plays a vital role in alleviating housing insecurity, empowering low and moderate-income families to thrive in a positive living environment.
This information is meant to be a general summary of Options For Affordable Housing. 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: $3,594
- Program Service Revenue: $139,535
- Gross Receipts: $212,529
Assets and Liabilities:
- Total Assets: $1,688,148
- Total Liabilities: $770,681
- Net Assets: $917,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Income
Revenue
$139,535
Organization Details
Founding Year
2011
Phone
(985) 868-2620Main Address
5593 Hwy 311, Houma, LA, 70360
NTEE Category
Code: P20 - Human services
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