Overview
What is Nowata Gardens Inc?
Nowata Gardens Inc, situated in Nowata, Oklahoma, is a nonprofit organization primarily focused on managing an apartment complex. This complex, housing 60 units, receives rent subsidies from the Department of Housing and Urban Development (HUD). Under Section 8 of the National Housing Act, Nowata Gardens Inc operates this complex, ensuring adherence to HUD-regulated rent charges and operational methods. The organization's mission is to provide affordable housing options for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Star rating)
Nowata Gardens Inc has received a 52% rating from Charity Navigator, indicating potential issues in its accountability and financial practices. The low score suggests that while the organization has some strong governance elements, such as an independent board and effective conflict of interest policies, other critical areas need improvement, particularly in transparency and financial health.
The organization scored full points for having a majority of independent board members and for its whistleblower and conflict of interest policies. However, it fell short in several areas, including not reporting its board size and failing to provide documents such as meeting minutes and tax forms on its website, which are essential for transparency and trust.
Additionally, the program expense ratio indicates that a significant portion of its expenditures may not be directed towards its programs. This could raise concerns among potential donors regarding the efficiency of resource allocation. Overall, while Nowata Gardens Inc shows promise in governance, it faces important challenges that could impact its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Nowata Gardens Inc legitimate?
Nowata Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nowata Gardens 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: $127,866
For more financial information, click here
What is the mission statement of Nowata Gardens Inc?
Nowata Gardens Inc's mission is centered around operating an apartment complex under Section 8 of the National Housing Act. This project is subject to regulations by the HUD, specifically with regards to rent charges and operational methods. The primary aim is to provide housing services under these guidelines, ensuring that the rent charges and operational methods adhere to the regulations set by HUD. The apartment complex, consisting of 60 units, receives rent subsidy payments from HUD to support its operations.
Who is the CEO of Nowata Gardens Inc?
Carissa Pierce is the President of Nowata Gardens Inc.
What is the revenue of Nowata Gardens Inc?
Nowata Gardens Inc's revenue in 2021 was $468,183.
Who are the executives of Nowata Gardens Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nowata Gardens Inc?
Nowata Gardens Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Nowata Gardens Inc
Nowata Gardens Inc, as a nonprofit organization, is dedicated to operating an apartment complex under Section 8 of the National Housing Act. This project is subject to regulation by the HUD, ensuring that the rental charges and operating methods adhere to specific guidelines. The organization's mission is to provide affordable housing solutions, with the apartment complex consisting of 60 units. These units receive subsidy payments from the HUD, making them more accessible to individuals and families who may not otherwise be able to afford housing. Nowata Gardens Inc plays a crucial role in addressing housing affordability issues, operating within the framework of federal regulations to provide a stable living environment.
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Impact
July, 2024
Nowata Gardens Inc's impact lies in providing affordable housing options through the operation of an apartment complex under Section 8 of the National Housing Act. With a project regulated by HUD, they offer 60 units that receive rent subsidy payments, ensuring that individuals in Nowata, Oklahoma have access to safe and affordable housing. Their dedication to this mission contributes to addressing the housing needs of the community and supporting individuals in securing stable living arrangements.
This information is meant to be a general summary of Nowata Gardens 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 2021.
- Investment Income: $103
- Gross Receipts: $468,183
Assets and Liabilities:
- Total Assets: $444,988
- Total Liabilities: $266,256
- Net Assets: $178,732
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Organization Details
Founding Year
1995
Principal Officer
Carissa Pierce
Main Address
PO BOX 632, Nowata, OK, 74048
NTEE Category
Code: L20Z - Housing
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