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Choctaw Home Finance Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270030542 ✦ Hugo, OK ✦ Designated as a 501(c)(3)

Overview

What is Choctaw Home Finance Corporation?

Choctaw Home Finance Corporation is a nonprofit organization situated in Hugo, Oklahoma. Their primary focus is on providing affordable home financing solutions to Native Americans with low and moderate income levels. Established with a mission to assist this specific demographic, the corporation works diligently to make home ownership accessible and attainable for these individuals. By offering tailored financing options, Choctaw Home Finance Corporation plays a significant role in empowering Native American communities, thereby contributing to their social and economic development.


Is Choctaw Home Finance Corporation legitimate?

Choctaw Home Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Choctaw Home Finance Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Choctaw Home Finance Corporation?
Who is the CEO of Choctaw Home Finance Corporation?
What is the revenue of Choctaw Home Finance Corporation?
Who are the executives of Choctaw Home Finance Corporation and what are their salaries?
Where can I find the form 990 for Choctaw Home Finance Corporation?

Mission Statement of Choctaw Home Finance Corporation

Choctaw Home Finance Corporation, a notable entity, is committed to a noble mission. This mission revolves around providing affordable home financing options to Native Americans who fall under the categories of low and moderate income. By offering these financing solutions, the corporation aims to contribute significantly to the housing needs of this community, thereby enhancing their living standards. The organization's primary focus is on making homeownership an attainable goal for these individuals, thereby fostering stability and security in their lives.

Impact

This information is meant to be a general summary of Choctaw Home Finance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Choctaw Home Finance Corporation plays a significant role in providing affordable home financing to Native Americans with low and moderate incomes. By offering accessible financing options, this organization helps individuals and families achieve the dream of homeownership, thereby contributing to the economic stability and well-being of Native American communities. Through its mission-driven work in Hugo, Oklahoma, Choctaw Home Finance Corporation is making a tangible impact on improving housing opportunities for this underserved population.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,461
  • Program Service Revenue: $1,022,578
  • Gross Receipts: $4,207,857

    • Assets and Liabilities:
  • Total Assets: $42,379,923
  • Total Liabilities: $840,079
  • Net Assets: $41,539,844
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MORTGAGE INTEREST INCOME

    Revenue

    $975,133

    PROGRAM SERVICE REV-FEES

    Revenue

    $47,445

    Organization Details

    Founding Year

    2002

    Principal Officer

    Gail Thompson

    Main Address

    PO BOX G, HUGO, OK, 74743

    NTEE Category

    Code: L82 - Housing

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