Overview
What is Housing Opportunities Inc?
Housing Opportunities Inc, located in Texarkana, Texas, is a nonprofit organization committed to serving the elderly and handicapped community. Their primary mission is to provide suitable housing facilities and services tailored to meet the unique physical, social, and psychological needs of these individuals. This is accomplished through their involvement in HUD section 202 rental programs, which allows them to rent apartments specifically designed for this demographic. In essence, Housing Opportunities Inc strives to create a living environment that fosters dignity, comfort, and well-being for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Housing Opportunities Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 100% in several categories, including having a fully independent board and no reported material diversion of assets. This indicates a high level of governance and financial integrity, essential for fostering trust among donors and stakeholders.
The organization's financial health is further evidenced by a program expense ratio of 81.94%, which shows that a significant portion of its expenses is directed towards its mission-driven activities. Additionally, the low liabilities to assets ratio of 5.22% suggests that the organization is financially stable and well-managed, which is an encouraging sign for potential contributors.
However, it's worth noting that Housing Opportunities Inc lacks a whistleblower policy, which could be seen as a gap in its accountability practices. While the charity excels in many areas, addressing this limitation could further enhance its transparency and governance. Overall, the strong rating reflects a well-run organization committed to its mission.
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: $63,329
For more financial information, click here
What is the mission statement of Housing Opportunities Inc?
Housing Opportunities Inc is committed to serving the needs of elderly and handicapped individuals. Their mission is to offer specialized housing facilities and services, catering to the physical, social, and psychological requirements of these individuals. The organization provides apartments for elderly and disabled tenants through the HUD section 202 rental programs, ensuring a living environment that suits their unique needs.
Who is the CEO of Housing Opportunities Inc?
Sonja Hubbard is the President of Housing Opportunities Inc.
What is the revenue of Housing Opportunities Inc?
Housing Opportunities Inc's revenue in 2022 was $574,230.
Who are the executives of Housing Opportunities Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $87,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Opportunities Inc?
Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Opportunities Inc
Housing Opportunities Inc, as a nonprofit organization, is dedicated to providing specialized housing facilities and services for elderly and handicapped individuals. Their mission is rooted in addressing the unique physical, social, and psychological needs of these individuals. By offering rental apartments under HUD section 202 rental programs, Housing Opportunities Inc creates an environment that caters to the specific requirements of its tenants, ensuring they live with comfort and dignity. This organization's work is instrumental in providing a supportive living space that promotes the well-being and independence of elderly and handicapped individuals.
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Impact
July, 2024
Housing Opportunities Inc provides critical housing facilities and services tailored to meet the physical, social, and psychological needs of elderly and handicapped individuals. By offering rental apartments under HUD section 202 rental programs, this organization has a direct impact on improving the quality of life for its tenants in TEXARKANA, TX. Their mission to provide specialized housing solutions underscores their commitment to supporting vulnerable populations and promoting independence and wellbeing.
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 2022.
- Investment Income: $1,115
- Program Service Revenue: $573,115
- Gross Receipts: $574,230
Assets and Liabilities:
- Total Assets: $788,093
- Total Liabilities: $47,756
- Net Assets: $740,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Housing Rental
Revenue
$573,115
Organization Details
Founding Year
1981
Phone
(903) 791-2270Principal Officer
Sonja Hubbard
Main Address
6101 North State Line, Texarkana, TX, 75503
NTEE Category
Code: L20Z - Housing
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