Overview
What is Neighborhood Housing Services Oklahoma City Inc?
Neighborhood Housing Services Oklahoma City Inc, located at 4101 N CLASSEN BLVD A, Oklahoma City, OK 73118, is a dedicated nonprofit organization with a mission to provide affordable housing solutions. Established in 1981, they have been a trusted resource in central Oklahoma, offering a path to home ownership through education, financial coaching, building, and supportive services. In 2022, they successfully completed homebuyer education workshops for 305 individuals and families, while also providing counseling to 205 clients and creating 71 new homes. Their team of 12 employees works tirelessly to empower individuals and families in their pursuit of affordable housing.
Official website here: www.nhsokla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.
Neighborhood Housing Services Oklahoma City Inc has received a Two-Star rating from Charity Navigator, reflecting an average performance in the areas of accountability and finance. The organization boasts a strong governance structure, with 100% independent board members and effective policies in place for conflict of interest and whistleblower protections. Additionally, there are no reported material diversions of assets, highlighting a commitment to financial integrity.
Despite these strengths, the organization faces challenges in its financial health, particularly as indicated by a liabilities to assets ratio of 77.94%. This may raise concerns about the sustainability of its operations. Furthermore, while the program expense ratio is relatively decent at 64.41%, there is room for improvement in how funds are allocated towards program services versus administrative expenses.
Overall, while Neighborhood Housing Services Oklahoma City Inc demonstrates solid governance and accountability practices, potential donors and stakeholders should consider the financial indicators that suggest a need for greater fiscal stability and program efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Oklahoma City Inc legitimate?
Neighborhood Housing Services Oklahoma City Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Oklahoma City 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: $280,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $632,332
For more financial information, click here
Official website here: www.nhsokla.org
What is the mission statement of Neighborhood Housing Services Oklahoma City Inc?
Since its establishment in 1981, Neighborhood Housing Services Oklahoma City Inc has served as a reliable resource in promoting affordable housing and providing a pathway to homeownership. They achieve this through education, financial coaching, building, and supportive services. Their mission is to make affordable housing available and facilitate homeownership for individuals and families. In 2022, their Homeownership Center conducted 305 homebuyer education workshops, assisted 205 clients with counseling, and helped create 71 new homes.
Official website here: www.nhsokla.org
Who is the CEO of Neighborhood Housing Services Oklahoma City Inc?
Katrina Washington is the President of Neighborhood Housing Services Oklahoma City Inc.
Official website here: www.nhsokla.org
What is the revenue of Neighborhood Housing Services Oklahoma City Inc?
Neighborhood Housing Services Oklahoma City Inc's revenue in 2022 was $2,036,158.
Official website here: www.nhsokla.org
Who are the executives of Neighborhood Housing Services Oklahoma City Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Oklahoma City Inc during 2022 was $76,051. There are 12 employees and 20 volunteers at Neighborhood Housing Services Oklahoma City Inc.
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- Compensation: $254,283
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- Other: $25,992
Official website here: www.nhsokla.org
Where can I find the form 990 for Neighborhood Housing Services Oklahoma City Inc?
Neighborhood Housing Services Oklahoma City Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhsokla.org
Learn more at the official website: www.nhsokla.org
Mission Statement of Neighborhood Housing Services Oklahoma City Inc
Neighborhood Housing Services Oklahoma City Inc, established in 1981, serves as a reliable resource in Central Oklahoma for affordable housing and a pathway to homeownership. The organization's mission is centered around education, financial coaching, building, and supportive services. Over the past four decades, it has been committed to providing individuals and families with the necessary tools and resources to secure affordable housing and ultimately become homeowners.
Neighborhood Housing Services Oklahoma City Inc operates a Homeownership Center, which saw 305 individuals and families complete homebuyer education workshops in 2022 alone. Additionally, 205 clients sought counseling services from the organization, and an impressive 71 new homes were created as a result of their efforts. These statistics highlight the organization's dedication to empowering individuals and families towards homeownership, an essential aspect of community stability and personal growth. By offering education, counseling, and practical support, Neighborhood Housing Services Oklahoma City Inc is playing a crucial role in making the dream of homeownership a reality for many in their community.
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Impact
July, 2024
Neighborhood Housing Services Oklahoma City Inc is making a significant impact by providing affordable housing solutions through education, counseling, building, and supportive services. In 2022, 305 individuals and families completed homebuyer education workshops, 205 clients received counseling, and 71 new homes were created. Since 1981, NHSOKLA has been a trusted resource in central Oklahoma for access to affordable housing and a path to homeownership through various services. Their efforts contribute to strengthening the community and helping individuals achieve their goal of owning a home.
This information is meant to be a general summary of Neighborhood Housing Services Oklahoma City 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: -$271,407
- Program Service Revenue: $392,921
- Gross Receipts: $3,102,878
Assets and Liabilities:
- Total Assets: $25,903,471
- Total Liabilities: $20,189,402
- Net Assets: $5,714,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$402,958
EDUCATION FEES
Revenue
$19,102
HOUSING SERVICE INCOME
Revenue
$16,102
LOAN SERVICE/CREDIT FEES
Revenue
$8,851
ADMIN/OTHER OPERATING FEES
Revenue
-$54,092
Organization Details
Founding Year
1981
Phone
(405) 231-4663Principal Officer
Katrina Washington
Main Address
4101 N CLASSEN BLVD A, OKLAHOMA CITY, OK, 73118
Website
www.nhsokla.orgNTEE Category
Code: L20Z - Housing
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