Overview
What is Stillwater Housing Development Corporation?
Stillwater Housing Development Corporation is a nonprofit organization situated in Stillwater, Oklahoma. Their primary mission is to offer housing assistance to the city's residents, overseeing both low-income housing units and an emergency shelter, ensuring compliance with HUD regulations. Their purpose is to extend shelter and housing services to those in need, thereby contributing to the community's well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Stillwater Housing Development Corporation has received an 80% rating from Charity Navigator, indicating a solid level of accountability and financial management. This score is derived solely from their Accountability & Finance metrics, which reflects the organization’s commitment to maintaining transparency and effective governance practices.
The organization excels in several key areas, including having a fully independent board and a robust program expense ratio of 95.25%, showcasing a strong focus on its mission and efficient use of resources. Additionally, there have been no reported instances of asset diversion, and the corporation has clear policies for document retention, further highlighting its responsible management.
However, while the overall financial score is commendable, it is based solely on the Accountability & Finance beacon, which means that additional areas such as outcomes and impact metrics were not evaluated. This suggests the need for potential improvement in demonstrating the direct impact of their programs on the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Stillwater Housing Development Corporation legitimate?
Stillwater Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stillwater Housing Development Corporation 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: $12,789
For more financial information, click here
What is the mission statement of Stillwater Housing Development Corporation?
The Stillwater Housing Development Corporation is committed to delivering housing services for its community. Specifically, it manages low-income housing and offers emergency housing as necessary, ensuring compliance with HUD regulations. The corporation's primary aim is to provide housing solutions for its citizens, ensuring they have a secure place to live. In times of homelessness, it operates an emergency shelter, and throughout the year, it manages low-income housing units.
Who is the CEO of Stillwater Housing Development Corporation?
Toni Broyles is the Executive Director of Stillwater Housing Development Corporation.
What is the revenue of Stillwater Housing Development Corporation?
Stillwater Housing Development Corporation's revenue in 2022 was $40,560.
Who are the executives of Stillwater Housing Development Corporation and what are their salaries?
There 28 volunteers at Stillwater Housing Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $86,956
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Stillwater Housing Development Corporation?
Stillwater Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stillwater Housing Development Corporation
Stillwater Housing Development Corporation, as a nonprofit organization, is dedicated to providing housing services for the community. Its primary mission is to manage low-income housing units within HUD regulations and offer emergency housing solutions. This commitment ensures that the citizens of Stillwater, Oklahoma have access to suitable living spaces, regardless of their financial circumstances. By managing these housing units, the corporation contributes to the overall well-being of the community, providing a stable foundation for its residents. In times of crisis, Stillwater Housing Development Corporation also extends its support through an emergency homeless shelter, offering temporary relief and a pathway towards securing more permanent housing solutions.
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Impact
August, 2024
Stillwater Housing Development Corporation plays a crucial role in addressing the housing needs of the citizens of Stillwater, Oklahoma. By managing low-income housing units and operating an emergency homeless shelter, the organization ensures that vulnerable individuals and families have access to safe and affordable housing options. The impact of Stillwater Housing Development Corporation can be seen in the tangible support and resources it provides to those in need, ultimately contributing to the well-being and stability of the community.
This information is meant to be a general summary of Stillwater Housing Development Corporation. 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: $1,302
- Program Service Revenue: $35,500
- Gross Receipts: $40,560
Assets and Liabilities:
- Total Assets: $394,403
- Total Liabilities: $1,423
- Net Assets: $392,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mgmt. Fees
Revenue
$35,500
Organization Details
Founding Year
2004
Phone
(405) 372-4906Principal Officer
Toni Broyles
Main Address
807 South Lowry, Stillwater, OK, 74074
NTEE Category
Code: L20 - Housing
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