Overview
What is Options Housing Alternatives Inc?
Options Housing Alternatives Inc, situated in Grants Pass, Oregon, is a nonprofit organization dedicated to providing supportive housing for individuals with disabilities. Leveraging funding from HUD 811 Capital Grant and HUD Project Rental Assistance Contract, the organization seeks to serve its community effectively. Their mission is centered around enhancing the living conditions and overall well-being of those with disabilities, offering them a secure and inclusive environment to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%
Options Housing Alternatives Inc has received a Two-Star out of Four Star rating from Charity Navigator, primarily based on its Accountability & Finance metrics. The charity scored a commendable 96.56% in program expenses, indicating that a significant portion of its budget supports its programs rather than administrative costs. The organization also demonstrates strong governance, with all board members being independent and a solid conflict of interest policy in place.
However, the overall rating is diminished by its liabilities to assets ratio, which stands at an unusually high 514.07%. This suggests that the organization may have significant financial obligations compared to its assets, raising concerns about its financial health and sustainability. While the accountability measures are strong, potential donors may want to consider this aspect before contributing.
In summary, while Options Housing Alternatives Inc showcases many strengths in governance and efficient program spending, the high liability ratio presents a potential risk that could affect its long-term stability and effectiveness. Prospective supporters should weigh these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Options Housing Alternatives Inc legitimate?
Options Housing Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options Housing Alternatives 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: $23,410
For more financial information, click here
What is the mission statement of Options Housing Alternatives Inc?
Options Housing Alternatives Inc's mission is centered around providing supportive housing for individuals with disabilities. They achieve this by leveraging resources such as the HUD 811 Capital Grant and the HUD Project Rental Assistance Contract. Their primary goal is to serve their community by offering housing solutions tailored to the needs of people with disabilities.
Who is the CEO of Options Housing Alternatives Inc?
Randy Samuelson is the President of Options Housing Alternatives Inc.
What is the revenue of Options Housing Alternatives Inc?
Options Housing Alternatives Inc's revenue in 2022 was $72,623.
Who are the executives of Options Housing Alternatives Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Options Housing Alternatives Inc?
Options Housing Alternatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Options Housing Alternatives Inc
Options Housing Alternatives Inc, a nonprofit organization, is dedicated to providing supportive housing for individuals living with disabilities. To accomplish this mission, the organization leverages the HUD 811 Capital Grant and HUD Project Rental Assistance Contract to serve their community effectively. Their primary goal is to offer a safe and comfortable living environment for individuals with disabilities, ensuring they have the necessary resources and support to thrive. By utilizing these grants, Options Housing Alternatives Inc is able to provide affordable housing options and make a positive impact on the lives of those in need.
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Impact
August, 2024
Options Housing Alternatives Inc provides crucial supportive housing for people with disabilities in Grants Pass, Oregon. By utilizing resources such as the HUD 811 Capital Grant and HUD Project Rental Assistance Contract, they are able to create a safe and inclusive environment for individuals who may otherwise struggle to find stable housing. This organization's impact can be seen in the improved quality of life and increased independence experienced by their residents, contributing to the overall well-being of the community.
This information is meant to be a general summary of Options Housing Alternatives 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: $10
- Program Service Revenue: $72,613
- Gross Receipts: $72,623
Assets and Liabilities:
- Total Assets: $83,904
- Total Liabilities: $446,977
- Net Assets: -$363,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Subsidy
Revenue
$45,817
Tenant Rents
Revenue
$26,712
Tenant Laundry Revenue
Revenue
$84
Organization Details
Founding Year
1991
Principal Officer
Randy Samuelson
Main Address
1215 SW G Street, Grants Pass, OR, 97526
NTEE Category
Code: Z99Z - Unknown
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