Overview
What is Ottey Homes Inc?
Ottey Homes Inc is a nonprofit organization located in Frederick, Maryland. Their primary focus is to provide affordable housing for individuals who have been chronically mentally disabled, in accordance with their exempt purpose. This mission aligns with Section 811 of the National Affordable Housing Act, which Ottey Homes Inc actively implements to ensure that mentally disabled individuals have access to suitable housing options. Their work is essential in promoting a dignified living environment for this vulnerable group of individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars
Ottey Homes Inc has received a one-star rating from Charity Navigator, with an overall score of 55%. This rating reflects strong accountability and financial practices, evidenced by a perfect score in that category. The organization has a fully independent board, which is a positive indicator of governance. However, significant shortcomings in transparency and policy adherence negatively impact its overall rating.
While Ottey Homes excels in program expense ratio, indicating effective use of funds for its mission, the lack of various policies such as conflict of interest and whistleblower protections raises concerns. Additionally, the nonprofit has not made key documents easily accessible on its website, including tax forms and board meeting minutes, which is a crucial aspect of transparency for stakeholders.
Overall, while the organization demonstrates a commitment to its programmatic goals, the deficiencies in governance and transparency policies suggest areas that urgently need improvement to enhance trust and accountability among its supporters and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Ottey Homes Inc legitimate?
Ottey Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ottey Homes 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
For more financial information, click here
What is the mission statement of Ottey Homes Inc?
Ottey Homes Inc's mission is centered around providing affordable housing for individuals who are chronically mentally disabled. This aligns with Section 811 of the National Affordable Housing Act. The organization's primary goal is to ensure that these individuals have access to suitable housing, thereby enhancing their quality of life. Ottey Homes Inc operates under an exempt purpose, dedicated to providing affordable housing solutions for this specific group of individuals. The organization's activities are geared towards meeting the unique housing needs of the chronically mentally disabled, thereby promoting their overall well-being.
Who is the CEO of Ottey Homes Inc?
Sarah Norman is the President of Ottey Homes Inc.
What is the revenue of Ottey Homes Inc?
Ottey Homes Inc's revenue in 2022 was $72,702.
Who are the executives of Ottey Homes Inc and what are their salaries?
There 5 volunteers at Ottey Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $451,063
- Other: $25,617
- 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 Ottey Homes Inc?
Ottey Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ottey Homes Inc
Ottey Homes Inc, a nonprofit organization, is dedicated to providing affordable housing for the chronically mentally disabled. In line with Section 811 of the National Affordable Housing Act, Ottey Homes Inc has made it its mission to offer suitable living spaces for this vulnerable group. By adhering to an exempt purpose, the organization ensures that affordable housing is made available to those who require it most. The ultimate goal of Ottey Homes Inc is to enhance the quality of life for these individuals, providing them with a secure and supportive living environment.
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Impact
August, 2024
Ottey Homes Inc has had a significant impact on the community by providing affordable housing to the chronically mentally disabled in Frederick, Maryland. Their mission to offer housing under Section 811 of the National Affordable Housing Act has helped improve the quality of life for individuals facing significant challenges. By offering a stable and supportive living environment, Ottey Homes Inc is contributing to the well-being and independence of this marginalized population. Their dedication to this cause is reflected in their ongoing commitment to providing housing that aligns with their exempt purpose, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Ottey Homes 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: $5
- Program Service Revenue: $72,697
- Gross Receipts: $72,702
Assets and Liabilities:
- Total Assets: $699,855
- Total Liabilities: $821,481
- Net Assets: -$121,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$72,697
Organization Details
Founding Year
2002
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L20 - Housing
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