Overview
What is Ouachita Grand Plaza Inc?
Ouachita Grand Plaza Inc is a nonprofit organization situated in Monroe, Louisiana. Its primary mission is to provide assisted housing for the elderly and individuals with disabilities. They manage 91 units of government-assisted housing, fulfilling their exempt purpose in this area. This organization plays a crucial role in offering a safe and supportive living environment for those in need, thereby contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Ouachita Grand Plaza Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating is primarily based on the organization's accountability and finance practices, which are rated at the same percentage. The evaluation indicates strong performance in several key areas, including the presence of a majority-independent board and financial oversight, scoring full points in categories such as independent board members and financial statements audit.
While the organization excels in maintaining an independent board and demonstrating high program expense efficiency, with 93.12% of expenses directed to programs, it faces significant challenges with its liabilities. The liabilities to assets ratio is notably high at 216.85%, which negatively impacts its overall financial health assessment. This aspect may raise concerns about the sustainability and operational risk of the organization.
In summary, Ouachita Grand Plaza Inc showcases strengths in governance and program expenditure, yet the financial liabilities present a significant limitation that potential donors and stakeholders should consider. Overall, while the organization demonstrates a commitment to accountability, its financial ratio issues may warrant further investigation by interested parties.
This AI summary has been generated from information found on Charity Navigator.
Is Ouachita Grand Plaza Inc legitimate?
Ouachita Grand Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ouachita Grand Plaza 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: $131,113
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What is the mission statement of Ouachita Grand Plaza Inc?
Ouachita Grand Plaza Inc is dedicated to providing government-assisted housing for the elderly and handicapped, serving as a crucial resource in fulfilling this mission. The organization operates a total of 91 housing units, which is an integral part of its exempt purpose. In essence, the primary objective of Ouachita Grand Plaza Inc is to offer assisted living accommodations for individuals who require special care due to their age or disability. This organization plays a significant role in providing a home and support for those who need it most.
Who is the CEO of Ouachita Grand Plaza Inc?
Joe Farr is the President of Ouachita Grand Plaza Inc.
What is the revenue of Ouachita Grand Plaza Inc?
Ouachita Grand Plaza Inc's revenue in 2023 was $785,988.
Who are the executives of Ouachita Grand Plaza Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Ouachita Grand Plaza Inc?
Ouachita Grand Plaza Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ouachita Grand Plaza Inc
Ouachita Grand Plaza Inc is dedicated to serving the elderly and handicapped community by operating 91 units of government-assisted housing. This nonprofit organization carries out its exempt purpose by providing assisted living accommodations, ensuring that these individuals have a safe and supportive environment to call home. By operating these housing units, Ouachita Grand Plaza Inc plays a crucial role in promoting the well-being and independence of elderly and handicapped individuals, enabling them to live with dignity and comfort.
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Impact
July, 2024
Ouachita Grand Plaza Inc's impact is significant in providing assisted housing for the elderly and handicapped in Monroe, LA. Through operating 91 units of government-assisted housing, this organization plays a crucial role in ensuring that vulnerable populations have access to safe and secure living arrangements. By fulfilling its mission to provide housing for those in need, Ouachita Grand Plaza Inc contributes to enhancing the quality of life for elderly and handicapped individuals in the community.
This information is meant to be a general summary of Ouachita Grand Plaza 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: $1,011
- Program Service Revenue: $784,977
- Gross Receipts: $785,988
Assets and Liabilities:
- Total Assets: $1,239,710
- Total Liabilities: $2,688,333
- Net Assets: -$1,448,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL ASSISTANCE
Revenue
$515,671
RENTAL INCOME
Revenue
$245,132
TENANT CHARGES
Revenue
$21,398
SPECIAL CLAIMS REVENUE
Revenue
$2,776
Organization Details
Founding Year
1985
Phone
(318) 388-1500Principal Officer
Joe Farr
Main Address
300 HARRISON STREET, MONROE, LA, 71201
NTEE Category
Code: L22 - Housing
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