Overview
What is Options For Independence Inc?
Options For Independence Inc, located in Houma, Louisiana, is a nonprofit organization dedicated to assisting individuals with serious mental illnesses. Their primary focus includes providing outreach and case management services, extending support in various aspects of life, such as mental health, housing, employment, substance abuse prevention and treatment, and financial independence. With a team of 32 dedicated professionals, they strive to aid individuals, including the homeless, in their recovery journey. The organization's mission is to empower these individuals, enabling them to lead independent and fulfilling lives.
Official website here: www.optionsforindependence.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Options For Independence Inc has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an overall score of 96%, the organization demonstrates strong governance practices, including a fully independent board and rigorous oversight of financial statements.
The nonprofit excels in its financial management, highlighted by a program expense ratio of 75.78%, indicating that the majority of its spending directly supports its mission. Additionally, the organization maintains a solid liabilities to assets ratio of 42.99%, showcasing its financial stability and effective management of resources.
While the data reflects a strong performance across various metrics, no specific limitations or areas for improvement were noted. This suggests that Options For Independence Inc is operating effectively and efficiently in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Options For Independence Inc legitimate?
Options For Independence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options For Independence 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: $174,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $710,060
For more financial information, click here
Official website here: www.optionsforindependence.com
What is the mission statement of Options For Independence Inc?
Options For Independence Inc is committed to offering outreach services in various domains, focusing on mental health, housing, employment, substance abuse prevention and treatment, and financial independence. Their mission is to extend a helping hand to individuals grappling with serious mental illnesses, including the homeless, aiding in their recovery process. The organization strives to provide essential support in these areas, ultimately contributing to the overall well-being and independence of these individuals.
Official website here: www.optionsforindependence.com
Who is the CEO of Options For Independence Inc?
Barry Chauvin is the Chief Executive Officer of Options For Independence Inc. The CEO's salary of Options For Independence Inc is $99,999 and their total compensation is $99,999.
Official website here: www.optionsforindependence.com
What is the revenue of Options For Independence Inc?
Options For Independence Inc's revenue in 2022 was $2,224,797.
Official website here: www.optionsforindependence.com
Who are the executives of Options For Independence Inc and what are their salaries?
The average compensation at Options For Independence Inc during 2022 was $27,658. There are 32 employees at Options For Independence Inc.
Here are 4 key members and their salaries (Options For Independence Inc's CEO's salary is $99,999 and their total compensation is $99,999):
- Compensation: $99,999
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,999
- Related: $0
- Other: $0
Official website here: www.optionsforindependence.com
Where can I find the form 990 for Options For Independence Inc?
Options For Independence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.optionsforindependence.com
Learn more at the official website: www.optionsforindependence.com
Mission Statement of Options For Independence Inc
Options For Independence Inc is committed to delivering outreach services in various domains, including mental health, housing, employment, substance abuse prevention and treatment, and financial independence. The organization's mission, in essence, is to support individuals who are grappling with serious mental illnesses, such as the homeless population. By providing outreach and case management services, Options For Independence Inc aims to aid these individuals in their recovery process. The organization is instrumental in offering assistance and guidance, enabling them to regain their independence and lead fulfilling lives.
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Impact
July, 2024
Options For Independence Inc provides crucial outreach services in the areas of mental health, housing, employment, substance abuse prevention and treatment, and financial independence in HOUMA, LA. The organization's impact can be seen in the improved well-being and quality of life of individuals with serious mental illnesses, including the homeless, as it aids in their recovery through outreach and case management services. Options For Independence Inc's holistic approach contributes to building stronger, more stable communities by addressing the multifaceted needs of vulnerable populations.
This information is meant to be a general summary of Options For Independence 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: $20,011
- Program Service Revenue: $629,484
- Gross Receipts: $2,224,797
Assets and Liabilities:
- Total Assets: $2,803,789
- Total Liabilities: $1,732,345
- Net Assets: $1,071,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Clinical Revenue
Revenue
$609,984
City Court
Revenue
$9,825
LPSB Psychiatry
Revenue
$9,675
Organization Details
Founding Year
1992
Phone
(985) 868-2620Principal Officer
Barry Chauvin
Main Address
8326 Main St Building 3, Houma, LA, 70363
NTEE Category
Code: P800 - Human services
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