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Norman Affordable Housing Corporation

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

EIN: 731529495 ✦ Norman, OK ✦ Designated as a 501(c)(3)

Overview

What is Norman Affordable Housing Corporation?

Norman Affordable Housing Corporation is a nonprofit organization situated in Norman, Oklahoma, with a specific focus on providing housing solutions for low-income individuals, the disabled, and the elderly. Their primary activity encompasses managing and developing affordable apartment complexes within the city of Norman. The organization's mission is to administer and manage properties that cater to the affordable housing needs of the community, thereby contributing positively to the local living environment.


Is Norman Affordable Housing Corporation legitimate?

Norman Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norman Affordable Housing 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: $154,751

For more financial information, click here


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

Mission Statement of Norman Affordable Housing Corporation

Norman Affordable Housing Corporation, a non-profit organization, is dedicated to managing and developing low-income apartment complexes. Their mission is threefold: firstly, they administer and manage housing for properties that cater to the needs of the low-income, disabled, and elderly communities. Secondly, they own and manage properties specifically designed to provide affordable housing. This commitment to affordable housing seeks to help individuals and families who may struggle with housing costs, ensuring they have a safe and comfortable living space. Overall, Norman Affordable Housing Corporation plays a crucial role in making affordable housing a reality for those who need it most.

Impact

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




Saturday, July 20, 2024

Norman Affordable Housing Corporation plays a crucial role in providing affordable housing options to low-income individuals, especially the disabled and elderly, in the city of Norman, OK. By administering and managing housing properties for this specific demographic, the organization helps address the pressing need for accessible and affordable housing in the community. Through its mission to develop and manage low-income apartment complexes, Norman Affordable Housing Corporation positively impacts the lives of those who struggle to secure suitable housing options, thereby contributing to the overall well-being and stability of the city.





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: $2,688
  • Program Service Revenue: $1,076,369
  • Gross Receipts: $1,079,057

    • Assets and Liabilities:
  • Total Assets: $4,997,830
  • Total Liabilities: $83,965
  • Net Assets: $4,913,865
  • Programs

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

    Contract Income

    Revenue

    $825,282

    Management Fees

    Revenue

    $41,739

    Program Rents

    Revenue

    $293,988

    Tenant Charges

    Revenue

    $11,847

    Loss on Disposition of Assets

    Revenue

    $-96,487

    Organization Details

    Founding Year

    1999

    Principal Officer

    Karen Canavan

    Main Address

    700 N Berry, Norman, OK, 73069

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Norman Affordable Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.