Overview
What is American Opportunity For Housing Inc?
American Opportunity for Housing Inc, situated in San Antonio, Texas, is a dedicated nonprofit organization. Its primary mission involves managing low-income housing apartments and providing essential social services to its residents. This organization is committed to improving living conditions and offering support to its community members who may be financially disadvantaged.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 60%).
American Opportunity For Housing Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and financial practices. While the organization boasts a fully independent board and high program expense ratio at 99.29%, indicating efficient use of funds for its mission, it suffers from significant gaps in financial transparency, including the absence of financial statements and a missing website link on its tax form.
Strengths include a conflict of interest policy and the presence of documented board meeting minutes, which reflect a degree of governance. However, limitations are evident, such as the lack of a whistleblower policy and a high liabilities to assets ratio of 76.41%, raising concerns about the organization's financial stability. Overall, while there are commendable aspects of American Opportunity For Housing Inc’s operations, enhancing transparency and addressing financial documentation shortcomings would significantly improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is American Opportunity For Housing Inc legitimate?
American Opportunity For Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Opportunity For Housing 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 American Opportunity For Housing Inc?
American Opportunity For Housing Inc is committed to providing low-income housing apartments and delivering essential social services. Their primary objective is to offer a living space for individuals with limited financial resources. In addition to housing, they provide various social services to enhance the quality of life for their residents. The organization's approach is centered around meeting the basic needs and improving the overall well-being of the community they serve. Their mission encompasses both the physical and social aspects of housing, ensuring that the individuals living in their apartments have access to necessary support services.
Who is the CEO of American Opportunity For Housing Inc?
David Starr is the Secretary of American Opportunity For Housing Inc.
What is the revenue of American Opportunity For Housing Inc?
American Opportunity For Housing Inc's revenue in 2022 was $570,985.
Who are the executives of American Opportunity For Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for American Opportunity For Housing Inc?
American Opportunity For Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Opportunity For Housing Inc
American Opportunity for Housing Inc is committed to providing low-income housing apartments and delivering essential social services. This nonprofit organization operates with a mission to cater to individuals and families who fall under the low-income bracket, offering them a place to call home while also providing them with necessary support services. By operating low-income housing apartments, American Opportunity for Housing Inc aims to provide a secure and affordable living space for those who may not have access to such resources otherwise. Additionally, through the delivery of social services, the organization seeks to enhance the quality of life for its residents by addressing various needs and challenges they may face. This holistic approach of offering both housing and social services demonstrates American Opportunity for Housing Inc's dedication to improving the living conditions and overall well-being of its community.
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Impact
July, 2024
American Opportunity For Housing Inc provides vital support to low-income individuals and families in San Antonio, Texas by operating low-income housing apartments and delivering essential social services. Through their mission-driven approach, they are making a significant impact on the community by addressing the critical need for affordable housing and helping individuals access the support services they require to thrive. Their efforts play a crucial role in enhancing the quality of life for those facing economic challenges in the region.
This information is meant to be a general summary of American Opportunity For Housing 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: $561,979
- Gross Receipts: $570,985
Assets and Liabilities:
- Total Assets: $16,917,533
- Total Liabilities: $12,928,213
- Net Assets: $3,989,320
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Organization Details
Founding Year
1992
Phone
(210) 341-8097Principal Officer
David Starr
Main Address
7334 BLANCO ROAD SUITE 200, SAN ANTONIO, TX, 78216
NTEE Category
Code: L200 - Housing
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