Overview
What is Norman 2015 Chdo Inc?
Norman 2015 Chdo Inc is a nonprofit organization situated in Norman, Oklahoma, with a specific focus on providing affordable housing opportunities, community improvement, and family support programs. Their mission extends to benefitting low and moderate-income residents in the City of Norman's communities and neighborhoods. In 2015, they initiated construction projects, and after seven years, the completed housing units were transferred to the Norman Affordable Housing Corporation in 2022. This organization's work aims to enhance the living conditions and support systems for individuals and families who require affordability in housing and neighborhood engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Norman 2015 Chdo Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The overall score is derived entirely from the organization’s accountability metrics, indicating a robust commitment to transparency and responsible financial practices for the fiscal year 2022.
One of the organization's significant strengths is its governance; it boasts a fully independent board with 10 out of 10 points awarded for having all members independent. Additionally, it has zero material diversions of assets and maintains a well-documented conflict of interest policy, which further supports its strong governance structure. The program expense ratio is impressive at 97.35%, suggesting that a large portion of its funds is dedicated to its mission-related activities.
While the financial ratios indicate a healthy organization, it is important for potential donors to consider the overall impact of the programs supported by the nonprofit. The established accountability measures are commendable, but insights into the effectiveness of its initiatives and community outcomes would provide a fuller picture of the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Norman 2015 Chdo Inc legitimate?
Norman 2015 Chdo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norman 2015 Chdo 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:
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What is the mission statement of Norman 2015 Chdo Inc?
Norman 2015 Chdo Inc is committed to providing affordable housing opportunities, fostering community improvement, and offering family support programs. Their primary focus is on addressing the needs of low and moderate income residents in various communities. Through their initiatives, they aim to enhance the living conditions and well-being of these individuals. The organization constructs affordable housing units, with a completed project in 2022, which were then transferred to the Norman Affordable Housing Corporation.
Who is the CEO of Norman 2015 Chdo Inc?
Steven Mohr is the President of Norman 2015 Chdo Inc.
What is the revenue of Norman 2015 Chdo Inc?
Norman 2015 Chdo Inc's revenue in 2022 was $57,195.
Who are the executives of Norman 2015 Chdo Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Norman 2015 Chdo Inc?
Norman 2015 Chdo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norman 2015 Chdo Inc
Norman 2015 CHDO Inc, a nonprofit organization, is committed to providing affordable housing opportunities, community improvement, and family support programs in various communities and neighborhoods. With a special focus on the needs of low and moderate income residents, this organization strives to make a positive impact in these areas. By constructing and transferring affordable housing units, Norman 2015 CHDO Inc contributes to the creation of housing solutions for individuals and families in need. Their mission extends beyond housing, as they also offer community improvement programs and family support services to enhance the quality of life for their target population.
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Impact
August, 2024
Norman 2015 Chdo Inc's impact includes providing affordable housing opportunities, community improvement, and family support programs in the City of Norman, Oklahoma. Their focus on serving the needs of low and moderate-income residents has positively impacted the community by ensuring access to safe and affordable housing options. Through their construction of affordable housing, they have contributed to addressing housing challenges and promoting stability for residents in need. Their work with the Norman Affordable Housing Corporation has further extended their impact in the local community, making a difference in the lives of many individuals and families.
This information is meant to be a general summary of Norman 2015 Chdo 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.
- Gross Receipts: $57,195
Assets and Liabilities:
- Total Assets: $44,263
- Total Liabilities: $0
- Net Assets: $44,263
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Organization Details
Founding Year
2015
Principal Officer
Steven Mohr
Main Address
700 N Berry Road, Norman, OK, 73069
NTEE Category
Code: L20 - Housing
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