Overview
What is Osage Financial Resources Inc?
Osage Financial Resources Inc, established in Pawhuska, Oklahoma, is a nonprofit organization dedicated to uplifting poverty and revitalizing rural communities in Osage County and northeastern Oklahoma. They accomplish this mission by offering affordable housing loans, facilitating the purchase, rehabilitation, and improvement of housing units, and addressing civic needs. Furthermore, Osage Financial Resources Inc provides financial education and counseling services for individuals with low to moderate incomes, helping them become homeowners. With a focus on community development and financial empowerment, the organization strives to enhance the living standards in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Osage Financial Resources Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The charity's overall score is derived entirely from its accountability and finance metrics, indicating a strong commitment to transparency and responsible management of resources. A notable strength includes having a fully independent board, which underscores its governance integrity.
In terms of financial performance, Osage Financial Resources excels with a program expense ratio of 81.68%, suggesting that a significant majority of its funds are allocated directly to programs rather than administrative costs. Additional strengths include having no reported material diversion of assets and comprehensive policies in place for conflicts of interest and whistleblowers, which enhances its organizational trustworthiness.
While the data presents a strong overall picture, no significant limitations have been noted in the available information. The charity's careful attention to governance and financial responsibility positions it well within the nonprofit sector for supporters looking for reliable organizations to contribute to.
This AI summary has been generated from information found on Charity Navigator.
Is Osage Financial Resources Inc legitimate?
Osage Financial Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osage Financial Resources 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: $127,991
For more financial information, click here
What is the mission statement of Osage Financial Resources Inc?
Osage Financial Resources Inc aims to alleviate poverty and revitalize rural communities in an unspecified location by providing loans for affordable housing development and loans to increase and preserve homeownership opportunities. Additionally, they offer financial education to individuals with low and moderate incomes. The organization has established affordable housing loan programs for purchasing, rehabilitating, making infrastructure improvements, and addressing civic needs. By doing so, they aim to provide affordable housing for community residents. Furthermore, Osage Financial Resources Inc provides financial education and counseling services to help individuals make informed decisions about their finances.
Who is the CEO of Osage Financial Resources Inc?
Sharon Damron is the President of Osage Financial Resources Inc.
What is the revenue of Osage Financial Resources Inc?
Osage Financial Resources Inc's revenue in 2022 was $149,090.
Who are the executives of Osage Financial Resources Inc and what are their salaries?
The average compensation at Osage Financial Resources Inc during 2022 was $42,664. There are 3 employees and 5 volunteers at Osage Financial Resources Inc.
Here are 5 key members and their salaries:
- Compensation: $60,553
- Related: $0
- Other: $6,055
- 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 Osage Financial Resources Inc?
Osage Financial Resources Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Osage Financial Resources Inc
Osage Financial Resources Inc is committed to alleviating poverty and revitalizing rural communities in northeastern Oklahoma, specifically in Osage County. Their mission is twofold: firstly, they provide loans to facilitate the development of affordable housing and increase homeownership opportunities. This is aimed at making housing more accessible for individuals with low and moderate incomes. Secondly, Osage Financial Resources Inc offers financial education and counseling services to these homebuyers. By doing so, they aim to equip these individuals with the necessary financial knowledge to manage their homes effectively.
In practice, this mission is carried out through various programs. Osage Financial Resources Inc has established affordable housing loan programs for purchasing, rehabilitating, and improving infrastructure. These programs not only provide affordable housing for the community but also contribute to its overall development. Additionally, the organization provides financial education and counseling to help individuals navigate the homebuying process. This holistic approach, combining financial assistance and education, allows Osage Financial Resources Inc to effectively address poverty and improve the quality of life in rural communities.
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Impact
October, 2024
Osage Financial Resources Inc plays a crucial role in alleviating poverty and revitalizing rural communities in Osage County and northeastern Oklahoma. By offering loans specifically designed for affordable housing development, the organization addresses the pressing need for accessible housing options in the area. This initiative not only enables individuals to purchase and rehabilitate homes but also facilitates essential infrastructure improvements that benefit the entire community.
In addition to providing financial resources, the organization prioritizes the education of potential homeowners, offering financial counseling tailored to low- and moderate-income individuals. This investment in financial literacy empowers residents to make informed decisions, ultimately increasing and preserving homeownership opportunities in the region. The multifaceted approach of Osage Financial Resources Inc fosters community growth, enhances living standards, and helps build a foundation for sustainable, vibrant neighborhoods.
This information is meant to be a general summary of Osage Financial Resources 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: $91
- Program Service Revenue: $148,949
- Gross Receipts: $149,090
Assets and Liabilities:
- Total Assets: $4,036,584
- Total Liabilities: $42,860
- Net Assets: $3,993,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INT & FEES ON LOANS
Revenue
$58,416
RENTAL
Revenue
$90,533
Organization Details
Founding Year
2004
Principal Officer
Sharon Damron
Main Address
1825 E MAIN ST, PAWHUSKA, OK, 740562510
NTEE Category
Code: L82 - Housing
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