Overview
What is Aerie Inc?
Aerie Inc, based in Tulsa, Oklahoma, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing options for individuals with disabilities who have low income. Operating under the name Eagles Nest Apartments, Aerie Inc provides a vital service, ensuring inclusive and accessible living spaces for this community. With a small workforce of just two individuals, the organization's impact in providing housing solutions for those in need is significant.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Aerie Inc has received a Three-Star rating from Charity Navigator, signifying a score of 79%. This rating is primarily derived from its accountability and finance metrics, where the organization scored well on various aspects such as having a fully independent board and robust policies in place. Specifically, Aerie Inc has achieved a perfect score for its independent board members and has a strong program expense ratio of 98.56%, indicating that the majority of its funds are directed towards its programs.
However, the organization does face some challenges, particularly with its liabilities to assets ratio, which stands at 225.40%. This high ratio may raise concerns regarding the organization's financial stability and long-term sustainability. While Aerie Inc demonstrates solid practices in governance and financial management, potential donors and stakeholders should consider this aspect when evaluating the organization's overall health.
In summary, Aerie Inc showcases strong accountability and transparency practices, which contribute positively to its overall rating. However, the significant liabilities relative to its assets may pose risks that warrant further investigation for those interested in supporting the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Aerie Inc legitimate?
Aerie Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aerie 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: $23,781
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What is the mission statement of Aerie Inc?
Aerie Inc, as a mission-driven organization, is committed to offering affordable housing solutions for individuals with disabilities who have low income. Their primary goal is to ensure that these individuals have access to suitable living arrangements. They strive to make a significant impact in their community by providing housing that caters to the unique needs of this vulnerable population. Their activities are centered around the provision of affordable, low-income housing options for persons with disabilities. This commitment to social equity and inclusion is a testament to Aerie Inc's dedication to improving the lives of those in need.
Who is the CEO of Aerie Inc?
Bryan Blankenship is the Board Member of Aerie Inc.
What is the revenue of Aerie Inc?
Aerie Inc's revenue in 2022 was $611,001.
Who are the executives of Aerie Inc and what are their salaries?
The average compensation at Aerie Inc during 2022 was $11,890. There are 2 employees and 15 volunteers at Aerie Inc.
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Where can I find the form 990 for Aerie Inc?
Aerie Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aerie Inc
Aerie Inc, as a nonprofit organization, is dedicated to providing affordable housing for individuals who are both low-income and have disabilities. Their mission is to create a living environment that caters to the unique needs of this specific population, ensuring they have access to safe and comfortable housing. By offering affordable housing, Aerie Inc aims to contribute positively to the well-being and independence of these individuals, enabling them to lead fulfilling lives with dignity and respect.
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Impact
July, 2024
Aerie Inc's impact is significant in providing affordable housing for low-income persons with disabilities in Tulsa, Oklahoma. Their mission of offering accessible and affordable housing for this vulnerable population helps improve their quality of life and promotes inclusivity within the community. Through their dedicated efforts, Aerie Inc is making a positive difference in the lives of individuals who might otherwise struggle to secure suitable housing options.
This information is meant to be a general summary of Aerie 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: $9
- Program Service Revenue: $582,086
- Gross Receipts: $611,001
Assets and Liabilities:
- Total Assets: $734,221
- Total Liabilities: $1,374,916
- Net Assets: -$640,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$19,059
Laundry and Vending
Revenue
$479
Tenant Charges
Misc Income
Revenue
$562,548
Organization Details
Founding Year
1995
Principal Officer
Bryan Blankenship
Main Address
7010 South Yale STE 215, Tulsa, OK, 741365743
NTEE Category
Code: P73 - Human services
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