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1035 Osage Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822110750 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is 1035 Osage Inc?

1035 Osage Inc is a nonprofit organization established with the primary goal of investing, developing, and operating a property in Denver, Colorado. This property encompasses offices for the Denver Housing Authority (DHA) and a Collaborative Resource Center (CRC) designed to support DHA's operations. The project was completed in August 2019 and now serves as the new headquarters for DHA. The nonprofit's activities involve acquiring, investing in, encumbering, developing, holding, operating, owning, leasing, constructing, managing, or dealing with the property, including any component of the CRC.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating

1035 Osage Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. While the organization excels in having a fully independent board and a strong program expense ratio of 87.51%, which reflects a commitment to funding its programs, it falls short in its financial reporting and governance policies.

Significant strengths include the organization's independent oversight, demonstrated by the lack of material diversion of assets and the presence of documented board meeting minutes. However, the nonprofit struggles with transparency, as it has not posted its tax forms on its website and lacks essential policies, including a conflict of interest policy and a whistleblower policy.

These limitations may raise concerns for potential donors about the nonprofit's governance practices and financial health. While the high program expense ratio suggests effective allocation of resources towards mission-driven activities, improvement in financial transparency and policy documentation is needed for a better overall rating.


This AI summary has been generated from information found on Charity Navigator.

Is 1035 Osage Inc legitimate?

1035 Osage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1035 Osage 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 1035 Osage Inc?

1035 Osage Inc was established with the primary objective of acquiring, investing in, and managing a property that houses the offices of the Denver Housing Authority (DHA) and a Collaborative Resource Center (CRC). The company's mission involves dealing with the acquisition, development, and operation of this property, including any components of the CRC. The completion of construction was in August 2019, and now, the property serves as the new headquarters for the Denver Housing Authority.

Who is the CEO of 1035 Osage Inc?

Nichole Ford is the Chairperson of 1035 Osage Inc.

What is the revenue of 1035 Osage Inc?

1035 Osage Inc's revenue in 2022 was $2,137,669.

Who are the executives of 1035 Osage Inc and what are their salaries?

There 4 volunteers at 1035 Osage Inc.


Here are 5 key members and their salaries:


David Nisivoccia (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Nevitt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nichole Ford (Treasurer)
  • Compensation: $0
  • Related: $177,197
  • Other: $41,956
Kimball Crangle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lavonne Heaviland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 1035 Osage Inc?

1035 Osage Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 1035 Osage Inc

1035 Osage Inc was established with the primary objective of acquiring, investing in, and managing properties, specifically focusing on the acquisition, development, and operation of a collaborative resource center for the Denver Housing Authority (DHA) in Denver, Colorado. The organization's mission encompasses various activities, such as acquiring, developing, holding, operating, owning, leasing, constructing, managing, or dealing with the property that houses DHA's offices and the collaborative resource center (CRC). The CRC serves as a vital component of the project, aiming to support DHA's operations in some capacity. The construction of this new headquarters for DHA was completed in August 2019, marking a significant milestone in the organization's mission.

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Impact




July, 2024

1035 Osage Inc has had a significant impact on the Denver community by acquiring, developing, and operating a property that now serves as the new headquarters for the Denver Housing Authority (DHA). This property includes offices for DHA and a Collaborative Resource Center (CRC), which provides valuable resources and services to the community. The completion of this project in August 2019 has helped enhance the DHA's operations and its ability to support affordable housing initiatives in Denver.




This information is meant to be a general summary of 1035 Osage 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.

Revenue
$2,137,669 (2022)
Expenses
$1,624,980 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,961
  • Program Service Revenue: $2,132,708
  • Gross Receipts: $2,137,669

Assets and Liabilities:

  • Total Assets: $58,739,584
  • Total Liabilities: $54,718,307
  • Net Assets: $4,021,277

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INTEREST

Revenue

$1,117,691

DHA PROPERTY MANAGEMEN

Revenue

$1,015,017

Organization Details

Founding Year

2017

Principal Officer

Nichole Ford

Main Address

PO BOX 40305, DENVER, CO, 802040305

NTEE Category

Code: L11 - Housing

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