Overview
What is Olive Plaza?
Olive Plaza is a nonprofit organization situated at 1133 Olive Street, Eugene, Oregon 97401. Their primary mission, as outlined in their agreement with the Department of Housing and Urban Development (HUD), is to provide housing for low-income elderly individuals. This is carried out under Section 202 of the National Housing Act. The organization's role extends beyond just providing shelter, as they aim to create a living environment that caters to the needs of the elderly, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Olive Plaza has achieved a Three-Star rating based on its performance in accountability and finance, with a score of 79%. This rating indicates that the organization meets a solid standard of financial responsibility and transparency, which is crucial for donor trust. The score is reflective of its strong governance practices, particularly the independence and size of its board.
The organization boasts a fully independent board with eight out of eight members demonstrating a strong commitment to governance. Olive Plaza has also received perfect scores for its financial oversight, having an audit and oversight committee in place and no reported material diversion of assets. The presence of a conflict of interest policy and whistleblower policy further highlights its dedication to maintaining ethical standards.
One of Olive Plaza's notable strengths is its program expense ratio of 92.25%, indicating that a significant majority of its expenditures go directly toward its programs rather than administrative costs. While the overall rating is commendable, further information on program effectiveness and impact could provide a more comprehensive view of the organization’s outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Olive Plaza legitimate?
Olive Plaza is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olive Plaza 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: $317,557
For more financial information, click here
What is the mission statement of Olive Plaza?
Olive Plaza, as a housing facility, is committed to providing shelter for low-income elderly individuals. This commitment is in line with Section 202 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). The primary objective of Olive Plaza is to offer a conducive living environment for the elderly, ensuring they have access to affordable housing. The organization's mission aligns with the government's goal of providing essential services to vulnerable populations, in this case, the elderly, thereby improving their overall quality of life.
Who is the CEO of Olive Plaza?
Catherine Amber is the Chair of Olive Plaza.
What is the revenue of Olive Plaza?
Olive Plaza's revenue in 2022 was $1,702,847.
Who are the executives of Olive Plaza and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Olive Plaza?
Olive Plaza's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olive Plaza
Olive Plaza, as a nonprofit organization, is committed to providing housing solutions for low-income elderly individuals. This commitment is rooted in Section 202 of the National Housing Act, under an agreement with the Department of HUD. The mission of Olive Plaza is to offer a safe and comfortable living environment for this specific demographic, ensuring they have access to essential housing needs. This mission is instrumental in promoting independent living and dignity for the elderly, contributing to their overall well-being and quality of life.
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Impact
July, 2024
Olive Plaza's impact is evident in the lives of low-income elderly persons in Eugene, Oregon. By providing housing under Section 202 of the National Housing Act in partnership with the Department of HUD, Olive Plaza offers a vital source of stability and support for this vulnerable demographic. Through its mission of addressing housing needs for low-income elderly individuals, Olive Plaza contributes positively to the community by ensuring that this demographic has a safe and affordable place to call home.
This information is meant to be a general summary of Olive Plaza. 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: $28
- Program Service Revenue: $1,702,819
- Gross Receipts: $1,702,847
Assets and Liabilities:
- Total Assets: $6,596,278
- Total Liabilities: $5,882,360
- Net Assets: $713,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,702,819
Organization Details
Founding Year
1977
Phone
(541) 683-3247Principal Officer
Catherine Amber
Main Address
1133 OLIVE STREET, EUGENE, OR, 97401
NTEE Category
Code: L21Z - Housing
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