Overview
What is New Outlook Ii Inc?
New Outlook II Inc is a non-profit organization based in Jacksonville, Florida. Their primary focus is to provide affordable housing for individuals with disabilities, specifically offering rental assistance under the HUD Section 811 program. One unique aspect of their services is that one of the rental units is designated as rent-free. Their mission is to facilitate rental activities aimed at assisting low-income individuals with disabilities, thereby ensuring they have a suitable place to live.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating
New Outlook II Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scores well on several governance measures, such as having a majority of independent board members and maintaining a favorable liabilities to assets ratio. However, the absence of key policies such as conflict of interest and whistleblower protections raises concerns about its governance practices.
The program expense ratio of 68.02% suggests that a substantial portion of the organization's budget is allocated to its programs, reflecting a commitment to its mission. Additionally, the organization has documented its board meeting minutes and has no instances of material diversion of assets, which are positive indicators of operational integrity. Despite these strengths, the missing disclosures related to tax forms and governance policies could impact stakeholder trust.
Overall, while New Outlook II Inc demonstrates some commendable financial practices and governance structures, the lack of comprehensive policies may limit its effectiveness and transparency. Continued improvement in these areas could help enhance its rating and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is New Outlook Ii Inc legitimate?
New Outlook Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Outlook Ii 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $44,522
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What is the mission statement of New Outlook Ii Inc?
New Outlook Ii Inc is dedicated to providing rental assistance for low-income individuals with disabilities, under the HUD Section 811. Their mission revolves around offering affordable housing solutions to this specific demographic. One of the key aspects of their operations includes a 25-unit rental housing complex, with rental assistance provided under the HUD Section 811. Notably, one of the units is designated as rent-free.
Who is the CEO of New Outlook Ii Inc?
Robert Sommers is the Treasurer of New Outlook Ii Inc.
What is the revenue of New Outlook Ii Inc?
New Outlook Ii Inc's revenue in 2022 was $196,608.
Who are the executives of New Outlook Ii Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for New Outlook Ii Inc?
New Outlook Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Outlook Ii Inc
New Outlook II Inc, a non-profit organization, is dedicated to providing rental assistance to low-income individuals with disabilities. This mission is carried out under the auspices of HUD Section 811, a federal program designed to support affordable housing for those in need. The organization manages a rental housing complex consisting of twenty-five units, one of which is designated rent-free. This housing complex aims to provide a safe and affordable living environment for individuals with disabilities, thereby contributing to their overall quality of life. New Outlook II Inc's mission is a crucial step towards ensuring that everyone, regardless of their circumstances, has access to suitable housing, a fundamental human right.
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Impact
June, 2024
New Outlook II Inc's impact lies in providing affordable housing solutions for low-income individuals with disabilities in Jacksonville, FL. Through rental activities and rental assistance programs under HUD Sec 811, the organization addresses the critical issue of housing accessibility for this vulnerable population. By offering twenty-five units specifically designed for individuals with disabilities, including one unit designated as rent-free, New Outlook II Inc plays a crucial role in supporting mental health and well-being by ensuring stable and secure housing for those in need.
This information is meant to be a general summary of New Outlook Ii 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: $983
- Program Service Revenue: $55,065
- Gross Receipts: $196,608
Assets and Liabilities:
- Total Assets: $912,456
- Total Liabilities: $250,197
- Net Assets: $662,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$54,647
TENANT CHARGES
Revenue
$418
Organization Details
Founding Year
1996
Phone
(904) 743-1883Principal Officer
Robert Sommers
Main Address
P O BOX 19249, JACKSONVILLE, FL, 322459249
NTEE Category
Code: F30 - Mental health
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