Overview
What is Mazaska Owecaso Otipi Financial Inc?
Mazaska Owecaso Otipi Financial Inc is a nonprofit organization situated in Pine Ridge, South Dakota, specifically at 108 Oglala Street. Its primary mission is to foster homeownership opportunities among the Oglala Sioux Tribe, who reside on or near the Pine Ridge Reservation. As a Native community development financial institution, Mazaska offers housing loans and assistance to its clients. With a team of five dedicated individuals, the organization works diligently to provide credit builder loans and contribute to the betterment of housing conditions in the community.
Official website here: www.mazaskacdfi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Mazaska Owecaso Otipi Financial Inc has received a high score of 96%, reflecting its strong performance in accountability and finance. This rating indicates a robust commitment to transparency and responsible management of resources, which is crucial for building donor trust. The organization excels particularly in having a fully independent board and strong financial practices, as evidenced by its perfect scores in various accountability metrics.
The nonprofit demonstrates a high program expense ratio of 78.63%, indicating that a significant portion of its funds is directed towards its mission-driven programs rather than administrative costs. Additionally, the lack of material diversion of assets and the presence of comprehensive policies for conflict of interest, whistleblowing, and document retention further highlight the organization’s commitment to maintaining ethical standards and accountability.
While the organizational data is overwhelmingly positive, it is essential for potential donors and stakeholders to remain engaged and periodically review updated information to ensure ongoing compliance and effectiveness. Overall, Mazaska Owecaso Otipi Financial Inc stands out as a reliable and transparent nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mazaska Owecaso Otipi Financial Inc legitimate?
Mazaska Owecaso Otipi Financial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mazaska Owecaso Otipi Financial 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: $153,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,403
For more financial information, click here
Official website here: www.mazaskacdfi.org
What is the mission statement of Mazaska Owecaso Otipi Financial Inc?
Mazaska Owecaso Otipi Financial Inc, as a Native community development financial institution, is dedicated to creating homeownership opportunities for the members of the Oglala Sioux Tribe. This is accomplished by providing housing loans and necessary assistance within the community, specifically for individuals living on or near the Pine Ridge Reservation. The organization's mission is primarily focused on enhancing access to homeownership for its clientele, thereby contributing to the betterment of their living situations.
Official website here: www.mazaskacdfi.org
What is the revenue of Mazaska Owecaso Otipi Financial Inc?
Mazaska Owecaso Otipi Financial Inc's revenue in 2023 was $2,104,009.
Official website here: www.mazaskacdfi.org
Who are the executives of Mazaska Owecaso Otipi Financial Inc and what are their salaries?
The average compensation at Mazaska Owecaso Otipi Financial Inc during 2023 was $54,006. There are 6 employees at Mazaska Owecaso Otipi Financial Inc.
Here are 6 key members and their salaries:
- Compensation: $94,286
- Related: $0
- Other: $0
- Compensation: $54,700
- Related: $0
- Other: $0
- Compensation: $1,850
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mazaskacdfi.org
Where can I find the form 990 for Mazaska Owecaso Otipi Financial Inc?
Mazaska Owecaso Otipi Financial Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mazaskacdfi.org
Learn more at the official website: www.mazaskacdfi.org
Mission Statement of Mazaska Owecaso Otipi Financial Inc
Mazaska Owecaso Otipi Financial Inc, as a Native community development financial institution, is dedicated to establishing homeownership opportunities for the members of the Oglala Sioux Tribe. Situated within or adjacent to the Pine Ridge Reservation, this nonprofit organization provides housing loans and assistance to its clients, aiming to enhance their living conditions. By offering housing and credit builder loans, Mazaska Owecaso Otipi Financial Inc plays a significant role in promoting homeownership among its community members, contributing to their overall well-being and sense of stability.
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Impact
July, 2024
Mazaska Owecaso Otipi Financial Inc's impact lies in creating homeownership opportunities for the members of the Oglala Sioux Tribe living on or near the Pine Ridge Reservation. By providing housing loans and assistance, Mazaska is empowering individuals to achieve their dream of owning a home. This not only improves the quality of life for these individuals and their families but also contributes to the stability and development of the community. Furthermore, by offering credit builder loans, Mazaska is helping clients build their financial strength and resilience. This organization is making a tangible and positive difference in the lives of Native American families in southwestern South Dakota.
This information is meant to be a general summary of Mazaska Owecaso Otipi Financial 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 2023.
- Investment Income: $22,338
- Program Service Revenue: $337,922
- Gross Receipts: $2,104,009
Assets and Liabilities:
- Total Assets: $12,434,120
- Total Liabilities: $3,684,426
- Net Assets: $8,749,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Earned Revenue - Lending
Revenue
$26,707
Interest - Lending
Revenue
$311,215
Organization Details
Founding Year
2004
Principal Officer
Colleen Steele
Website
www.mazaskacdfi.orgNTEE Category
Code: L82 - Housing
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