Overview
What is Yuma Area Housing Opportunity Inc?
Yuma Area Housing Opportunity Inc is a nonprofit organization situated in Yuma, Arizona. With a focus on providing housing assistance, they primarily serve the elderly, individuals with disabilities, and families with low income. They manage two apartment complexes, which are subsidized by HUD, offering a total of 63 units. The organization's mission revolves around offering a supportive living environment for these groups, ensuring they have access to safe and affordable housing. With a team of nine dedicated individuals, Yuma Area Housing Opportunity Inc plays a significant role in addressing housing needs within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating.
Yuma Area Housing Opportunity Inc has received a commendable score of 86%, reflecting a strong commitment to accountability and finance. The organization boasts a fully independent board and has demonstrated effective financial management through high scores in key areas, such as having no material diversion of assets and a robust program expense ratio of 72.55%. This suggests that a significant portion of their funding is directed towards their programs, which is a positive indicator for potential donors.
However, there are notable limitations in their policies that should be considered. The charity is lacking a whistleblower policy and a document retention and destruction policy, both of which are essential for maintaining transparency and trust. While they have succeeded in many areas, the absence of these policies could raise concerns about governance.
Overall, Yuma Area Housing Opportunity Inc shows strengths in financial health and board independence, making it a reliable choice for donors. Addressing the gaps in their governance policies could further enhance their accountability and public image.
This AI summary has been generated from information found on Charity Navigator.
Is Yuma Area Housing Opportunity Inc legitimate?
Yuma Area Housing Opportunity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yuma Area Housing Opportunity 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: $127,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,525
For more financial information, click here
What is the mission statement of Yuma Area Housing Opportunity Inc?
Yuma Area Housing Opportunity Inc is an organization that takes pride in owning and managing two buildings, offering a total of 63 housing units. These apartments are specifically designed to cater to the needs of vulnerable populations, including the elderly, individuals with disabilities, and families with low income. The housing units are subsidized by HUD, ensuring that these services remain accessible and affordable. The organization's primary aim is to provide a safe and comfortable living environment for these individuals, thereby contributing to their overall well-being.
Who is the CEO of Yuma Area Housing Opportunity Inc?
Stan Magana is the Executive Direcetor of Yuma Area Housing Opportunity Inc.
What is the revenue of Yuma Area Housing Opportunity Inc?
Yuma Area Housing Opportunity Inc's revenue in 2023 was $805,780.
Who are the executives of Yuma Area Housing Opportunity Inc and what are their salaries?
The average compensation at Yuma Area Housing Opportunity Inc during 2023 was $38,956. There are 9 employees at Yuma Area Housing Opportunity Inc.
Here are 6 key members and their salaries:
- Compensation: $127,080
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Yuma Area Housing Opportunity Inc?
Yuma Area Housing Opportunity Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Yuma Area Housing Opportunity Inc
Yuma Area Housing Opportunity Inc, as an organization, is committed to providing subsidized housing solutions for vulnerable individuals. Specifically, they manage two apartment complexes, housing a total of 63 units. This housing is primarily intended for elderly, low-income, and handicapped families, ensuring that these groups have access to adequate and affordable living spaces. By operating these buildings, Yuma Area Housing Opportunity Inc is making a significant contribution to the well-being of these individuals, alleviating some of the housing-related challenges they may face. The organization's efforts in this area are funded by the HUD, demonstrating the government's support for their mission.
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Impact
July, 2024
Yuma Area Housing Opportunity Inc's impact is significant in providing subsidized housing to the elderly, handicapped, and low-income families in Yuma, AZ. Through the operation of two apartment complexes with a total of 63 units subsidized by HUD, this organization plays a crucial role in ensuring that vulnerable populations have access to affordable and suitable housing options. By offering housing primarily to those in need, Yuma Area Housing Opportunity Inc contributes to addressing homelessness, improving living conditions, and enhancing the overall well-being of individuals and families in the community.
This information is meant to be a general summary of Yuma Area Housing Opportunity 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: $236
- Program Service Revenue: $219,161
- Gross Receipts: $805,780
Assets and Liabilities:
- Total Assets: $522,981
- Total Liabilities: $142,435
- Net Assets: $380,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING
Revenue
$5,216
Miscellaneous
Revenue
$65
RENTAL INCOME
Revenue
$215,025
VACANCY LOSS
Revenue
-$1,145
Organization Details
Founding Year
1969
Phone
(928) 726-8002Principal Officer
Stan Magana
Main Address
721 E 24TH STREET 12, Yuma, AZ, 85365
NTEE Category
Code: L21Z - Housing
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