Overview
What is Oub Court Housing Company Inc?
Oub Court Housing Company Inc is a nonprofit organization situated in New York State, specifically in Bronx, NY. Their primary mission is to make housing affordable for moderate and middle-income families through the Mitchell-Lama program, a state initiative. They achieve this by developing and maintaining a housing project comprising 361 units. Their project offers both renting and cooperative ownership options, ensuring that a wide range of families can benefit from their services.
What are the reviews and ratings of this charity?
**Rating:** 79% (Three-Star out of Four Star rating from Charity Navigator)
Oub Court Housing Company Inc has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial practices. The organization scored particularly well in areas such as Independent Board Members and Financial Statements, suggesting strong governance and fiscal oversight. However, the rating is impacted by a notably high Liabilities to Assets Ratio, indicating potential financial risk.
Strengths of the organization include full credit for maintaining a majority of independent board members and having policies in place regarding conflicts of interest, whistleblowers, and document retention. The program expense ratio is impressive at 98.02%, reflecting that a large proportion of its funds is directed towards its mission-related programs rather than administrative costs.
There were no user reviews available from GreatNonprofits; thus, sentiment from the wider community is not reflected. Overall, while Oub Court Housing Company shows strong governance in many respects, attention to its financial health is necessary to ensure sustainability and ongoing compliance.
This AI summary has been generated from information found on Charity Navigator.
Is Oub Court Housing Company Inc legitimate?
Oub Court Housing Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oub Court Housing Company 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: $0
For more financial information, click here
What is the mission statement of Oub Court Housing Company Inc?
Oub Court Housing Company Inc's mission is centered around developing and maintaining a housing project, aiming to make renting and cooperative ownership feasible for moderate and middle-income families in New York State under the State's Mitchell-Lama program. The company's objective is to promote housing accessibility within this income bracket, thereby contributing to their living circumstances. Oub Court Housing Company manages a housing project with 361 units, located in an unspecified area of New York State, as part of its mission.
Who is the CEO of Oub Court Housing Company Inc?
Lymaris Albors is the President of Oub Court Housing Company Inc. The CEO's salary of Oub Court Housing Company Inc is $0 and their total compensation is $795,306.
What is the revenue of Oub Court Housing Company Inc?
Oub Court Housing Company Inc's revenue in 2022 was $8,421,675.
Who are the executives of Oub Court Housing Company Inc and what are their salaries?
There 4 volunteers at Oub Court Housing Company Inc.
Here are 9 key members and their salaries (Oub Court Housing Company Inc's CEO's salary is $0 and their total compensation is $795,306):
- Compensation: $0
- Related: $861,432
- Other: $73,959
- Compensation: $0
- Related: $748,860
- Other: $46,446
- Compensation: $0
- Related: $560,176
- Other: $40,861
- Compensation: $0
- Related: $432,484
- Other: $41,248
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oub Court Housing Company Inc?
Oub Court Housing Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oub Court Housing Company Inc
Oub Court Housing Company Inc is committed to an essential mission: to create and preserve a housing project that makes renting and cooperative ownership feasible for moderate and middle-income families in New York State, under the auspices of the State's Mitchell-Lama program. The organization's objective is to make housing more accessible to families who fall within this income bracket, thereby contributing to their overall well-being. Oub Court Housing Company Inc carries out this mission by developing and maintaining a housing project with 361 units, situated in Bronx, NY. The project aims to provide affordable housing options, thereby enabling these families to establish a stable living environment.
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Impact
July, 2024
Oub Court Housing Company Inc's impact is evident in its commitment to providing affordable housing options for moderate and middle-income families in New York State. By developing and maintaining a housing project under the State's Mitchell-Lama program, the company offers a vital resource for families seeking accessible rental and cooperative ownership opportunities. With a housing project comprising 361 units in Bronx, NY, Oub Court Housing Company Inc plays a crucial role in addressing the housing needs of the community and supporting the financial stability and well-being of its residents.
This information is meant to be a general summary of Oub Court Housing Company 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.
- Program Service Revenue: $7,350,589
- Gross Receipts: $8,421,675
Assets and Liabilities:
- Total Assets: $15,676,453
- Total Liabilities: $23,800,553
- Net Assets: -$8,124,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM TENANTS
Revenue
$2,395,708
PARKING INCOME
Revenue
$32,302
RENTAL ASSISTANCE INCOME
Revenue
$4,922,579
Organization Details
Founding Year
2012
Phone
(718) 993-3504Principal Officer
Lymaris Albors
Main Address
300 East 175th Street, Bronx, NY, 10457
NTEE Category
Code: L21 - Housing
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