Overview
What is Oklahoma City Housing Services Redevelopment Corporation?
The Oklahoma City Housing Services Redevelopment Corporation, operating under the name Positively Paseo, is a dedicated nonprofit organization situated in Oklahoma City, Oklahoma. Their primary mission is to revitalize disadvantaged neighborhoods in the urban area and provide affordable housing opportunities for low-income families, as defined by HUD. They achieve this by rehabilitating historic homes, constructing new residences, and fostering community investment through home ownership. This work not only enhances the local living conditions but also contributes to the overall development and growth of Oklahoma City.
Official website here: www.positivelypaseo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Oklahoma City Housing Services Redevelopment Corporation has received a score of 77%, reflecting a solid Three-Star rating based on its accountability and finance metrics. The overall score indicates a strong commitment to financial integrity and responsible management practices, which is critical for nonprofit organizations to ensure trust and transparency with their supporters and constituents.
The organization demonstrates notable strengths in several areas, including having a fully independent board and no instances of material diversion of assets. It also maintains a high program expense ratio of 94.51%, suggesting that a significant portion of its expenditures directly support its mission-related programs. Additional positive attributes include a documented conflict of interest policy and proper retention of important documents, which underscores its commitment to governance best practices.
However, one limitation is the absence of a whistleblower policy, which could impact its governance score. While the organization shows a strong commitment to accountability overall, addressing this gap could further enhance its transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Oklahoma City Housing Services Redevelopment Corporation?
While the Oklahoma City Housing Services Redevelopment Corporation currently has limited reviews with only two ratings, there is a positive sentiment reflected in the feedback. One reviewer expressed a heartfelt appreciation for the organization, highlighting the rich history and art associated with it.
Although there isn't a substantial number of reviews to analyze, the enthusiasm conveyed suggests a promising impact and engagement with the community. Overall, those who have interacted with the organization seem to have a favorable view, appreciating the heritage and cultural aspects it fosters.
This AI summary has been generated from reviews found on Facebook.
Is Oklahoma City Housing Services Redevelopment Corporation legitimate?
Oklahoma City Housing Services Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma City Housing Services Redevelopment 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: $79,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.positivelypaseo.org
What is the mission statement of Oklahoma City Housing Services Redevelopment Corporation?
The Oklahoma City Housing Services Redevelopment Corporation's mission is centered around revitalizing urban neighborhoods and providing affordable housing opportunities. This is achieved by rehabilitating historic homes, constructing new homes, and fostering community investment through home ownership. The organization strives to improve the living conditions of low-income families, as defined by HUD, by developing and constructing new homes and renovating older ones.
Official website here: www.positivelypaseo.org
Who is the CEO of Oklahoma City Housing Services Redevelopment Corporation?
Sheryl Lovelady is the Executive Di of Oklahoma City Housing Services Redevelopment Corporation.
Official website here: www.positivelypaseo.org
What is the revenue of Oklahoma City Housing Services Redevelopment Corporation?
Oklahoma City Housing Services Redevelopment Corporation's revenue in 2022 was $884,918.
Official website here: www.positivelypaseo.org
Who are the executives of Oklahoma City Housing Services Redevelopment Corporation and what are their salaries?
The average compensation at Oklahoma City Housing Services Redevelopment Corporation during 2022 was $79,200. There is 1 employee and 9 volunteers at Oklahoma City Housing Services Redevelopment Corporation.
Here are 10 key members and their salaries:
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Official website here: www.positivelypaseo.org
Where can I find the form 990 for Oklahoma City Housing Services Redevelopment Corporation?
Oklahoma City Housing Services Redevelopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.positivelypaseo.org
Learn more at the official website: www.positivelypaseo.org
Mission Statement of Oklahoma City Housing Services Redevelopment Corporation
Oklahoma City Housing Services Redevelopment Corporation, in its mission, aims to revitalize urban neighborhoods and provide affordable housing opportunities. This is achieved through two primary strategies: the rehabilitation of historic homes and the construction of new ones. By focusing on these efforts, the corporation seeks to increase community investment through home ownership. The organization's ultimate goal is to enhance the living conditions and provide housing solutions for low-income families, as defined by the HUD. This mission is instrumental in transforming neighborhoods and creating a sense of community, while ensuring that affordable housing remains a viable option for those in need.
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Impact
July, 2024
Oklahoma City Housing Services Redevelopment Corporation is making a significant impact in urban Oklahoma City neighborhoods by revitalizing communities and creating affordable housing opportunities. Through the development and construction of new homes and rehabilitation of older homes, the organization is providing housing options for low-income families as defined by HUD. By increasing community investment through homeownership, Oklahoma City Housing Services Redevelopment Corporation is helping to improve the quality of life for residents and strengthen neighborhoods.
This information is meant to be a general summary of Oklahoma City Housing Services Redevelopment 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: $1,327
- Program Service Revenue: $551,400
- Gross Receipts: $884,918
Assets and Liabilities:
- Total Assets: $1,695,117
- Total Liabilities: $585,330
- Net Assets: $1,109,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCEEDS FROM SALES OF HOMES
Revenue
$534,000
RENTAL INCOME
Revenue
$17,400
Organization Details
Founding Year
1992
Phone
(405) 557-0700Principal Officer
Sheryl Lovelady
Main Address
400 NW 23RD ST, OKLAHOMA CITY, OK, 73103
Website
www.positivelypaseo.orgNTEE Category
Code: L20Z - Housing
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