Overview
What is Options For Ascension Inc?
Options For Ascension Inc is a nonprofit organization situated in Baton Rouge, Louisiana, with an address at 728 North Blvd. Their primary mission is to provide housing opportunities for individuals with disabilities, in accordance with section 811 of the National Housing Act. They collaborate with the Department of HUD to ensure that these housing solutions are made available. This nonprofit organization aims to contribute positively to the lives of those with disabilities by providing them with suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Options For Ascension Inc has received a Two-Star rating from Charity Navigator, indicating a score of 66%. This rating reflects the organization's performance in terms of accountability and finance, where it excels in areas such as having a fully independent board and no material diversion of assets. The organization demonstrates strong governance practices, such as having a conflict of interest policy and documenting board meeting minutes.
However, the organization's liabilities to assets ratio is concerning at 68.66%, which received a low score of 1 out of 15 points. This suggests that the organization may have a high level of liabilities relative to its assets, potentially impacting its financial stability. On the positive side, the program expense ratio stands at an impressive 93.32%, indicating that a significant portion of its expenses is directed toward its programs rather than administrative costs.
Overall, while Options For Ascension Inc shows strengths in governance and program expenditures, its high liabilities to assets ratio raises questions about its financial health. Stakeholders should consider these factors when assessing the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Options For Ascension Inc legitimate?
Options For Ascension Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options For Ascension 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: $41,137
For more financial information, click here
What is the mission statement of Options For Ascension Inc?
Options For Ascension Inc, as an organization, is committed to providing housing solutions for disabled individuals. This commitment is in line with Section 811 of the National Housing Act, which they carry out under an agreement with the Department of Housing and Urban Development (HUD). Their mission is centered around offering suitable living spaces to those with disabilities, thereby contributing to their overall well-being and independence. Through their partnership with HUD, they aim to make a significant difference in the lives of these individuals, ensuring they have access to safe and comfortable housing.
What is the revenue of Options For Ascension Inc?
Options For Ascension Inc's revenue in 2023 was $69,463.
Who are the executives of Options For Ascension Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Options For Ascension Inc?
Options For Ascension Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Options For Ascension Inc
Options For Ascension Inc, as a nonprofit organization, is dedicated to providing housing solutions for individuals with disabilities. They accomplish this mission under the agreement with the Department of Housing and Urban Development (HUD), specifically utilizing section 811 of the National Housing Act. This means that Options For Ascension Inc plays a crucial role in offering suitable living accommodations to individuals with disabilities, thereby enhancing their overall quality of life.
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Impact
October, 2024
Options For Ascension Inc plays a crucial role in enhancing the quality of life for disabled individuals by providing essential housing solutions under section 811 of the National Housing Act. By partnering with the Department of HUD, the organization ensures that this vulnerable population has access to safe, affordable, and supportive living environments in Baton Rouge, Louisiana. This initiative not only addresses the immediate housing needs of disabled persons but also promotes greater independence and integration within the community. Through its efforts, Options For Ascension Inc significantly contributes to the overall wellbeing of residents, fostering an inclusive society that values the dignity and rights of all individuals, regardless of their abilities.
This information is meant to be a general summary of Options For Ascension 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: $3
- Program Service Revenue: $69,460
- Gross Receipts: $69,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PPP Loan
Rental of Hsg to Disabled
Revenue
$69,460
Organization Details
Founding Year
2000
Principal Officer
Donnie Jarreau
NTEE Category
Code: L21 - Housing
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