Norman Affordable Housing Corporation

Organization Overview

Norman Affordable Housing Corporation is located in Norman, OK. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman Affordable Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Norman Affordable Housing Corporation generated $383.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $373.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MANAGE AND DEVELOP LOW INCOME APARTMENT COMPLEXES

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ADMINISTER AND MANAGE HOUSING FOR NON-PROFIT HOUSING PROPERTIES FOR THE LOW-INCOME, DISABLED, AND ELDERLY. TO OWN AND MANAGE PROPERTIES DESIGNED TO PROVIDE AFFORDABLE HOUSING FOR THE CITY OF NORMAN.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Canavan
Exec. Dir.
$151,842
Marianne Ratliff
President
$0
Jeff Cummins
Director
$0
Rick Mckinney
Vice President
$0
Paul Austin
Director
$0
Lee Lawrence
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$380,916
Investment income $2,238
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $383,154

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