Overview
What is Older Americans Housing Inc?
Older Americans Housing Inc, situated in Fresno, California, is a nonprofit organization dedicated to providing low-income housing facilities for the elderly and individuals with disabilities. Financed by the Housing and Urban Development (HUD), they manage and administer these housing units, allocating their total expenses primarily towards management and general operations. With a workforce of 35 individuals, Older Americans Housing Inc plays a significant role in ensuring affordable living solutions for this vulnerable population, contributing positively to their community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Older Americans Housing Inc demonstrates a strong commitment to accountability and financial transparency, as evidenced by its overall score of 81%. This rating is based solely on its Accountability & Finance metrics, indicating a robust framework for managing resources effectively. The organization has achieved full marks in several key areas, including majority independent board members and a thorough audit committee, which underscores its operational integrity.
The organization maintains a solid financial health with a liabilities-to-assets ratio of 37.97%, suggesting prudent management of its financial obligations. Additionally, it allocates over 66% of its expenses directly to program services, reflecting a strong focus on fulfilling its mission. This commitment to program spending highlights its effectiveness in addressing the needs of older Americans.
However, while the overall score is commendable, the organization's program expense ratio received slightly lower marks than perfect, indicating potential areas for improvement in operational efficiency. Despite this, the absence of material asset diversion and a well-documented conflict of interest policy contribute positively to its reputation as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Older Americans Housing Inc legitimate?
Older Americans Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Older Americans Housing 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:
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Other Salaries and Wages: $792,562
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What is the mission statement of Older Americans Housing Inc?
Older Americans Housing Inc is dedicated to providing low-income housing for the elderly and handicapped. This mission is carried out through the management and administration of suitable living spaces, funded by the Housing and Urban Development (HUD). The organization's primary focus is on catering to the housing needs of this specific demographic, ensuring they have access to safe and affordable living spaces. The total expenses are allocated towards the management and general operations of these housing facilities.
Who is the CEO of Older Americans Housing Inc?
Patrick Gorman is the President of Older Americans Housing Inc.
What is the revenue of Older Americans Housing Inc?
Older Americans Housing Inc's revenue in 2023 was $2,163,232.
Who are the executives of Older Americans Housing Inc and what are their salaries?
The average compensation at Older Americans Housing Inc during 2023 was $22,645. There are 35 employees and 10 volunteers at Older Americans Housing Inc.
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Where can I find the form 990 for Older Americans Housing Inc?
Older Americans Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Older Americans Housing Inc
Older Americans Housing Inc, as its name suggests, is dedicated to providing affordable housing options for the elderly and individuals with disabilities. Their primary mission is to manage and administer low-income housing facilities for this specific demographic. Financed by the Housing and Urban Development (HUD), this nonprofit organization ensures that essential resources are allocated towards the maintenance and administration of these housing units. While the provided information does not specify the nature or extent of the support provided, it is clear that Older Americans Housing Inc is committed to making a positive impact on the lives of its residents by providing them with safe and comfortable living environments.
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Impact
July, 2024
Older Americans Housing Inc provides vital support to low-income elderly and handicapped individuals by managing and administering affordable housing financed by H.U.D. Their impact is significant as they help ensure that this vulnerable population has access to safe and affordable housing in Fresno, California. Through their focused mission of providing low-income housing for the elderly and handicapped, Older Americans Housing Inc plays a crucial role in improving the quality of life for those in need in the community.
This information is meant to be a general summary of Older Americans Housing 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.
- Program Service Revenue: $2,086,681
- Gross Receipts: $2,163,232
Assets and Liabilities:
- Total Assets: $2,727,144
- Total Liabilities: $1,035,857
- Net Assets: $1,691,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$2,086,681
Organization Details
Founding Year
1973
Phone
(559) 266-9946Principal Officer
Patrick Gorman
Main Address
1240 BROADWAY PLAZA, FRESNO, CA, 93721
NTEE Category
Code: L20 - Housing
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