Overview
What is Open Arms Village Inc?
Open Arms Village Inc is a nonprofit organization situated in Ocala, Florida, dedicated to assisting homeless men. Their primary mission is to provide a transitional program, offering temporary shelter and essential support to help these individuals rebuild their lives. This program aims to offer a stepping stone towards independence, providing the necessary assistance to overcome homelessness. Open Arms Village Inc strives to make a positive impact in the Ocala community.
Official website here: www.openarmsvillageocala.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (69%)
Open Arms Village Inc has received a "Needs Improvement" rating, scoring 69% overall. This reflects a significant concern regarding the transparency and governance practices of the organization, particularly due to the absence of key financial statements and vital policies such as conflict of interest and whistleblower protections. While the organization has demonstrated a strong commitment to having an independent board and maintains a healthy liabilities to assets ratio, these governance shortcomings have impacted its overall rating.
One of the strengths of Open Arms Village Inc is its financial management, as indicated by a program expense ratio of 75.34%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has effectively avoided material diversion of assets, which is a positive indicator of its operational integrity. However, the lack of financial transparency by not posting tax forms and failing to develop essential policies raises concerns about accountability.
In summary, while Open Arms Village Inc shows promise through its high program expense ratio and independent governance structure, the lack of necessary documentation and policies highlights areas requiring immediate attention to enhance accountability and build trust with donors and stakeholders. Addressing these gaps could significantly improve its standing in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Open Arms Village Inc legitimate?
Open Arms Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Arms Village 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: $145,855
For more financial information, click here
Official website here: www.openarmsvillageocala.org
What is the mission statement of Open Arms Village Inc?
Open Arms Village Inc. is committed to assisting homeless men through a transitional program. This initiative provides temporary shelter and support, aiming to help these individuals regain stability and independence. The organization's mission is focused on offering a supportive environment and essential resources to facilitate the homeless men's journey towards reintegration into society. By offering temporary shelter and assistance, Open Arms Village Inc. seeks to empower these men and provide them with the tools necessary to overcome their circumstances.
Official website here: www.openarmsvillageocala.org
Who is the CEO of Open Arms Village Inc?
Mark Imes is the Director of Open Arms Village Inc.
Official website here: www.openarmsvillageocala.org
What is the revenue of Open Arms Village Inc?
Open Arms Village Inc's revenue in 2022 was $871,512.
Official website here: www.openarmsvillageocala.org
Who are the executives of Open Arms Village Inc and what are their salaries?
The average compensation at Open Arms Village Inc during 2022 was $29,171. There are 5 employees at Open Arms Village Inc.
Here are 11 key members and their salaries:
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Official website here: www.openarmsvillageocala.org
Where can I find the form 990 for Open Arms Village Inc?
Open Arms Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openarmsvillageocala.org
Learn more at the official website: www.openarmsvillageocala.org
Mission Statement of Open Arms Village Inc
Open Arms Village, a renowned nonprofit organization, is dedicated to supporting homeless men in their transition towards a stable life. Their mission is to provide a transitional program that offers temporary shelter and assistance. This program is designed to aid men in need, offering them a safe space and the necessary resources to regain their footing. By offering this transitional program, Open Arms Village plays a vital role in helping homeless individuals in their journey towards self-sufficiency and independence.
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Impact
July, 2024
Open Arms Village Inc has a direct impact on the lives of homeless men in the Ocala, FL area by providing a transitional program that offers temporary shelter and assistance. With their housing program, they are able to help individuals who are experiencing homelessness find stability and support as they work towards rebuilding their lives. This support can be a vital lifeline for those in need, offering hope and a pathway towards a brighter future.
This information is meant to be a general summary of Open Arms Village 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: $179
- Gross Receipts: $871,512
Assets and Liabilities:
- Total Assets: $729,773
- Total Liabilities: $4,520
- Net Assets: $725,253
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Organization Details
Founding Year
2013
Phone
(352) 304-6229Principal Officer
Mark Imes
Main Address
1839 NE 8TH ROAD, OCALA, FL, 34470
Website
www.openarmsvillageocala.orgNTEE Category
Code: L41 - Housing
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