Overview
What is Jordan Plaza Inc?
Jordan Plaza Inc, based in Bartlesville, Oklahoma, is a dedicated nonprofit organization. Their primary mission is to provide low-income housing for elderly and disabled individuals, ensuring they have a secure and comfortable living environment. This mission is reflected in their activities, which are centered around this goal. The organization operates under the name Leroy K Jordan Plaza Apartments, reflecting its commitment to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while Jordan Plaza Inc demonstrates some solid financial practices, it also has significant weaknesses that potentially affect its overall effectiveness and sustainability as a nonprofit organization.
One of the strengths of Jordan Plaza Inc is its high program expense ratio of 92.67%, which suggests that a large majority of its funds are being directed towards its programs rather than administrative costs. The organization also benefits from a fully independent board of directors, which enhances its governance and accountability. Furthermore, it has appropriate oversight mechanisms in place, including an Audit and Oversight Committee, and it documents its board meeting minutes.
However, the organization faces challenges with a liabilities to assets ratio of 116.39%, indicating that its liabilities exceed its assets, which could pose financial risks in the future. The overall 67% score reflects a need for improvement in financial health and operational practices to ensure long-term viability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Jordan Plaza Inc legitimate?
Jordan Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jordan Plaza 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Jordan Plaza Inc?
Jordan Plaza Inc's mission is centered around providing affordable housing solutions. Specifically, they focus on catering to the needs of the elderly and disabled individuals, ensuring they have access to suitable living spaces. This mission is carried out through their primary activity, which involves offering low-income housing options. By providing such housing, Jordan Plaza Inc aims to contribute positively to the lives of these individuals, enabling them to live with dignity and independence. The organization's efforts are instrumental in addressing the housing needs of a vulnerable population, thereby promoting social equity and inclusion.
Who is the CEO of Jordan Plaza Inc?
Jack Henderson is the Board Chairm of Jordan Plaza Inc.
What is the revenue of Jordan Plaza Inc?
Jordan Plaza Inc's revenue in 2022 was $554,756.
Who are the executives of Jordan Plaza 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 Jordan Plaza Inc?
Jordan Plaza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jordan Plaza Inc
Jordan Plaza Inc, as a nonprofit organization, is dedicated to providing low-income housing for elderly and disabled individuals. Their mission is centered around creating an environment that caters to the unique needs of this vulnerable population, ensuring they have a safe and suitable place to call home. By offering low-income housing, Jordan Plaza Inc seeks to alleviate the housing challenges faced by these individuals, thereby enhancing their quality of life.
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Impact
July, 2024
Jordan Plaza Inc's impact is significant in providing low-income housing for the elderly and disabled persons in Bartlesville, Oklahoma. Through their mission to offer affordable housing options for this vulnerable population, Jordan Plaza Inc plays a vital role in enhancing the quality of life for elderly and disabled individuals in need. Their commitment to human services and ensuring that these individuals have a safe and comfortable place to call home demonstrates their dedication to making a positive impact in the community.
This information is meant to be a general summary of Jordan Plaza 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: $149
- Program Service Revenue: $554,383
- Gross Receipts: $554,756
Assets and Liabilities:
- Total Assets: $1,001,768
- Total Liabilities: $1,263,590
- Net Assets: -$261,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY
Revenue
$334,825
TENANT RECEIPTS
Revenue
$186,394
SERVICE COORDINATOR INCOME
Revenue
$25,705
TENANT CHARGES
Revenue
$3,826
SPECIAL CLAIMS REVENUE
Revenue
$2,139
Organization Details
Founding Year
1987
Principal Officer
Jack Henderson
Main Address
398060 W 2200 RD, BARTLESVILLE, OK, 740060265
NTEE Category
Code: P73Z - Human services
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