Overview
What is Senior Citizens Housing Ii Of Moore Oklahoma Inc?
Senior Citizens Housing II of Moore Oklahoma Inc, operating under the name Langley Village II, is a nonprofit organization situated in Grapevine, Texas. Its primary mission is to provide affordable housing solutions for low-income families and individuals who have reached the age of 62 or above. These individuals' income should fall below the area median income as defined by the Department of Housing and Urban Development. The organization's housing project is subject to regulation by this department. Senior Citizens Housing II aims to contribute positively to the lives of older adults in the area, ensuring they have access to decent and affordable living quarters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Senior Citizens Housing II of Moore, Oklahoma, has received a Three-Star rating from Charity Navigator, indicating an overall score based on accountability and finance metrics. The organization has demonstrated strong governance with 100% independent board members and robust policies in place, such as conflict of interest and whistleblower policies, both of which were rated highly. Additionally, the charity shows a commendable commitment to program expenses, allocating 96.67% of its expenditures directly to its mission.
While the organization has strengths in many areas, it faces a significant challenge with its liabilities, as indicated by a liabilities to assets ratio of 190.48%, which negatively impacted its overall financial assessment. This suggests that the organization may have higher financial obligations compared to its assets, which could pose risks in the long term.
Overall, Senior Citizens Housing II is recognized for its strong governance practices and commitment to its mission, but potential donors and stakeholders should consider the implications of its financial liabilities when evaluating the organization's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Citizens Housing Ii Of Moore Oklahoma Inc legitimate?
Senior Citizens Housing Ii Of Moore Oklahoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Citizens Housing Ii Of Moore Oklahoma 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: $16,911
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What is the mission statement of Senior Citizens Housing Ii Of Moore Oklahoma Inc?
Senior Citizens Housing II of Oklahoma aims to offer affordable housing solutions to low-income families and individuals who are at least 62 years old. This organization adheres to the area median income threshold as set by the Department of Housing and Urban Development. The housing project operated by this organization is subject to regulation by the Department of Housing and Urban Development. The primary objective of Senior Citizens Housing II is to provide a comfortable living space for elderly individuals with limited financial resources, ensuring they can maintain a decent standard of living.
Who is the CEO of Senior Citizens Housing Ii Of Moore Oklahoma Inc?
Michael Stevenson is the Director of Senior Citizens Housing Ii Of Moore Oklahoma Inc.
What is the revenue of Senior Citizens Housing Ii Of Moore Oklahoma Inc?
Senior Citizens Housing Ii Of Moore Oklahoma Inc's revenue in 2022 was $65,407.
Who are the executives of Senior Citizens Housing Ii Of Moore Oklahoma Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Senior Citizens Housing Ii Of Moore Oklahoma Inc?
Senior Citizens Housing Ii Of Moore Oklahoma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Senior Citizens Housing Ii Of Moore Oklahoma Inc
Senior Citizens Housing II of Moore Oklahoma Inc is committed to providing affordable housing for low-income families and individuals who are at least 62 years old. This nonprofit organization adheres to the income guidelines established by the Department of Housing and Urban Development, ensuring that those in need can reside in their housing projects. The Department of Housing and Urban Development regulates this housing project, ensuring that it meets the necessary standards for affordable and safe living. In essence, Senior Citizens Housing II of Moore Oklahoma Inc is dedicated to making housing accessible for elderly individuals with limited income, providing them with a secure and affordable living environment.
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Impact
August, 2024
Senior Citizens Housing II of Moore Oklahoma Inc's impact lies in providing essential housing support to low-income families and individuals aged 62 and above who earn less than the area median income. By offering affordable housing options, this organization helps vulnerable members of the community secure stable and safe living environments, addressing a critical need for secure housing options for those at risk of housing insecurity. This initiative contributes to enhancing the quality of life for senior citizens and low-income individuals by ensuring they have access to decent and affordable housing options, ultimately fostering a sense of security and stability in their lives.
This information is meant to be a general summary of Senior Citizens Housing Ii Of Moore Oklahoma 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: $327
- Program Service Revenue: $65,055
- Gross Receipts: $65,407
Assets and Liabilities:
- Total Assets: $462,500
- Total Liabilities: $863,009
- Net Assets: -$400,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rents
Revenue
$51,716
Section 8 Rents
Revenue
$13,339
Organization Details
Founding Year
2000
Phone
(817) 488-2077Principal Officer
Michael Stevenson
Main Address
920 S Main Street STE 200, Grapevine, TX, 76051
NTEE Category
Code: L22 - Housing
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