Overview
What is Dlh Low-Income Housing Inc?
Dlh Low-Income Housing Inc, located in Tulsa, Oklahoma, is a nonprofit organization dedicated to preserving affordable housing for low-income tenants. They achieve this by pursuing ownership interests through bargain sales and special allocation programs. By admitting investor groups committed to long-term participation in affordable housing programs, Dlh Low-Income Housing Inc ensures that its residential projects, which may be aging, continue to provide safe, clean, and cost-effective living spaces to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial stability for Dlh Low-Income Housing Inc. The organization has shown strengths in areas such as having a fully independent board, a satisfactory program expense ratio, and a solid liabilities-to-assets ratio, indicating a good level of financial health.
However, there are notable weaknesses that have impacted its overall rating. The charity fails to provide key governance policies, such as a conflict of interest policy, a whistleblower policy, and document retention procedures. Additionally, the absence of its tax form on its website raises concerns about transparency and accessibility of information for stakeholders.
The mixed performance highlights both the organization's solid governance structure and the need for improvement in transparency practices. Addressing these limitations could enhance its credibility and trust with potential donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Dlh Low-Income Housing Inc legitimate?
Dlh Low-Income Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dlh Low-Income Housing 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: $0
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What is the mission statement of Dlh Low-Income Housing Inc?
Dlh Low-Income Housing Inc's mission is centered around the preservation of affordable housing for individuals with low incomes. The organization has chosen to focus its preservation activities by acquiring ownership interests through bargain sales and special allocation programs. This strategic approach helps maintain aging affordable housing projects, ensuring that they remain in the hands of an investor group committed to long-term participation in affordable housing programs. By implementing these strategies, Dlh Low-Income Housing Inc is able to provide its tenants with safe, clean, and affordable housing options.
Who is the CEO of Dlh Low-Income Housing Inc?
Corey M Asher is the President & Executive Dire of Dlh Low-Income Housing Inc.
What is the revenue of Dlh Low-Income Housing Inc?
Dlh Low-Income Housing Inc's revenue in 2022 was -$269,316.
Who are the executives of Dlh Low-Income Housing Inc and what are their salaries?
There 5 volunteers at Dlh Low-Income Housing Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Dlh Low-Income Housing Inc?
Dlh Low-Income Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dlh Low-Income Housing Inc
Dlh Low-Income Housing Inc is committed to preserving affordable housing options for low-income tenants. The organization has identified its mission as focusing on acquiring ownership interests in aging affordable housing projects through strategic methods such as bargain sales and special allocation programs. By doing so, Dlh Low-Income Housing Inc aims to admit investor groups that are committed to long-term participation in affordable housing programs. This approach ensures that low-income tenants continue to have access to safe, clean, and affordable housing. The organization's preservation activities are driven by an internal evaluation of its services, with the ultimate goal of providing a stable living environment for those in need.
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Impact
October, 2024
Dlh Low-Income Housing Inc significantly impacts the community by focusing on the preservation of affordable housing for low-income tenants. By acquiring ownership interests in aging affordable housing projects through innovative strategies such as bargain sales and special allocation programs, the organization fosters long-term stability in the housing market. This approach ensures that valuable housing resources remain accessible to vulnerable populations.
The presence of investor groups committed to maintaining affordable housing helps sustain the quality of living conditions for tenants, providing them with safe and clean environments. As a result, Dlh Low-Income Housing Inc plays a crucial role in combating housing instability and contributes to the overall well-being of low-income families in Tulsa, Oklahoma.
This information is meant to be a general summary of Dlh Low-Income Housing 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: -$670,784
- Program Service Revenue: $258,533
- Gross Receipts: $403,248
Assets and Liabilities:
- Total Assets: $2,608,087
- Total Liabilities: $5,025
- Net Assets: $2,603,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$258,533
Organization Details
Founding Year
1999
Phone
(918) 291-1175Principal Officer
Corey M Asher
Main Address
PO BOX 701738, TULSA, OK, 74170
NTEE Category
Code: L200 - Housing
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