Overview
What is Housing Opportunities Inc?
Housing Opportunities Inc is a nonprofit organization dedicated to providing affordable housing for disabled individuals. Specifically, they manage Timberlake Village II Apartments, a rental project that follows the guidelines set forth by Section 811 of the National Affordable Housing Act. This means they offer suitable housing solutions for people with disabilities, ensuring they have a safe and comfortable place to live. The organization's mission reflects its commitment to enhancing the living conditions of disabled persons, making a significant difference in their daily lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)
Housing Opportunities Inc has received a Two-Star rating from Charity Navigator, indicating some areas of concern in terms of accountability and finance. While the organization has demonstrated strong governance with a majority of independent board members and no material diversion of assets, it falls short in transparency, as evidenced by missing crucial governance policies and tax documents on its website.
The charity has a decent program expense ratio of 63.04%, suggesting that a significant portion of its budget is allocated to its programs. However, the lack of several key policies, such as a conflict of interest policy and a whistleblower policy, raises questions about its internal governance practices. The absence of these documents could lead to potential risks in operations and accountability.
Overall, while Housing Opportunities Inc shows strengths in board independence and financial liabilities, the gaps in policy documentation and transparency could limit its effectiveness and trustworthiness in the eyes of potential donors and beneficiaries. Addressing these limitations would be crucial for improving its standing and operational integrity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Opportunities Inc legitimate?
Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Opportunities 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: $29,107
For more financial information, click here
What is the mission statement of Housing Opportunities Inc?
Housing Opportunities Inc's mission is centered around providing Section 811 Housing, a specific type of affordable housing for disabled individuals. They achieve this through the operation of Timberlake Village II Apartments, a rental housing project, which adheres to the provisions of the Section 811 National Affordable Housing Act. This housing project aims to offer a suitable living environment for those with disabilities, thus contributing to a more inclusive society.
Who is the CEO of Housing Opportunities Inc?
Lidia Williams is the President of Housing Opportunities Inc.
What is the revenue of Housing Opportunities Inc?
Housing Opportunities Inc's revenue in 2023 was $117,965.
Who are the executives of Housing Opportunities Inc and what are their salaries?
There 7 volunteers at Housing Opportunities Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Housing Opportunities Inc?
Housing Opportunities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Opportunities Inc
Housing Opportunities Inc, a nonprofit organization, is dedicated to providing affordable housing for disabled individuals. Through their project, Timberlake Village II Apartments, they ensure that disabled persons have a place to call home in accordance with the provisions of the Section 811 National Affordable Housing Act. This housing project, under the care of Housing Opportunities Inc, offers a community where these individuals can reside with dignity and comfort. The organization's mission is to make a meaningful difference in the lives of disabled individuals by providing them with a stable living environment.
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Impact
June, 2024
Housing Opportunities Inc's impact can be seen through its provision of Section 811 housing at Timberlake Village II Apartments in Farmville, VA. This rental housing project plays a crucial role in housing disabled individuals in accordance with the provisions of the Section 811 National Affordable Housing Act. By offering affordable and accessible housing options to this vulnerable population, Housing Opportunities Inc is contributing to improving the quality of life for individuals with disabilities, particularly in the realm of mental health. This organization's mission to provide Section 811 housing demonstrates a commitment to addressing the housing needs of disabled individuals and promoting inclusivity within the community.
This information is meant to be a general summary of Housing Opportunities 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 2023.
- Investment Income: $78
- Program Service Revenue: $59,798
- Gross Receipts: $117,965
Assets and Liabilities:
- Total Assets: $417,217
- Total Liabilities: $10,179
- Net Assets: $407,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$59,798
Organization Details
Founding Year
1991
Phone
(434) 392-7049Principal Officer
Lidia Williams
Main Address
PO DRAWER 248, FARMVILLE, VA, 239010248
NTEE Category
Code: F20Z - Mental health
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