Overview
What is Orford Village Housing Development Corp C/O Malcolm Barlow Atty?
Orford Village Housing Development Corp C/O Malcolm Barlow Atty is a publicly supported nonprofit organization, primarily recognized for its involvement in elderly housing projects. Established with the intention of purchasing, constructing, leasing, and managing two housing complexes, Krause Gardens and Crockett Fields, both situated in Manchester, Connecticut, the organization operates under an Affordable Housing Program Assistance Agreement with the state. The nonprofit's mission aligns with IRS Code Section 509(A)(1) and 170(B)(1)(A)(VI), focusing on providing affordable housing for elderly individuals. Currently, the organization manages these two complexes, contributing to the community by offering housing solutions that cater to the specific needs of elderly residents in the state of Connecticut.
Official website here: www.krausegardens.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Orford Village Housing Development Corp has received a Two-Star out of Four Star rating from Charity Navigator, scoring 64%. While the organization excels in accountability and finance, achieving a perfect score in this category, it faces significant challenges in transparency. Notably, the absence of financial statements and key policies such as conflict of interest and whistleblower protections has negatively impacted its overall rating.
The board of directors demonstrates strong governance with a majority of independent members, contributing positively to the nonprofit's credibility. The organization also shows a commitment to program expenses, with a 100% program expense ratio, indicating funds are primarily directed towards its mission rather than administrative costs. However, the lack of essential documentation and policies raises concerns about operational integrity and stakeholder trust.
In conclusion, while Orford Village Housing Development Corp has a solid foundation in governance and program allocation, the deficiencies in transparency and policy implementation suggest that improvements are necessary. Addressing these areas could enhance their accountability and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Orford Village Housing Development Corp C/O Malcolm Barlow Atty legitimate?
Orford Village Housing Development Corp C/O Malcolm Barlow Atty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orford Village Housing Development Corp C/O Malcolm Barlow Atty 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: $0
For more financial information, click here
Official website here: www.krausegardens.com
What is the mission statement of Orford Village Housing Development Corp C/O Malcolm Barlow Atty?
Orford Village Housing Development Corporation is an elderly housing project, classified under IRS codes 509(A)(1) and 170(B)(1)(A)(VI). Its primary mission is to provide affordable housing, managing two complexes: Krause Gardens and Crockett Fields, both located in Manchester, Connecticut. The organization operates under an Affordable Housing Program Assistance Agreement with the state of Connecticut, providing housing units for its residents. The corporation's goal is to support the elderly population by offering them affordable and comfortable living spaces.
Official website here: www.krausegardens.com
Who is the CEO of Orford Village Housing Development Corp C/O Malcolm Barlow Atty?
Carl A Zinsser is the President of Orford Village Housing Development Corp C/O Malcolm Barlow Atty.
Official website here: www.krausegardens.com
What is the revenue of Orford Village Housing Development Corp C/O Malcolm Barlow Atty?
Orford Village Housing Development Corp C/O Malcolm Barlow Atty's revenue in 2022 was $763,867.
Official website here: www.krausegardens.com
Who are the executives of Orford Village Housing Development Corp C/O Malcolm Barlow Atty and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.krausegardens.com
Where can I find the form 990 for Orford Village Housing Development Corp C/O Malcolm Barlow Atty?
Orford Village Housing Development Corp C/O Malcolm Barlow Atty's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.krausegardens.com
Learn more at the official website: www.krausegardens.com
Mission Statement of Orford Village Housing Development Corp C/O Malcolm Barlow Atty
Orford Village Housing Development Corp C/O Malcolm Barlow Atty is a publicly supported organization with a mission centered around providing elderly housing. As described in the Internal Revenue Service (IRS) Code sections 509(A)(1) and 170(B)(1)(A)(VI), its primary objective is to offer a living space for the elderly. Currently, the organization manages two complexes, Krause Gardens and Crockett Fields, both located in Manchester, Connecticut. Operating under an Affordable Housing Program Assistance Agreement with the state of Connecticut, Orford Village Housing Development Corp C/O Malcolm Barlow Atty is responsible for the rental and operation of these residences, ensuring they remain affordable for their elderly residents.
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Impact
July, 2024
Orford Village Housing Development Corp, under the direction of attorney Malcolm Barlow, has had a significant impact by providing affordable housing options in Manchester, Connecticut. The organization purchased, built, rented, and operates a 44-unit housing complex called Krause Gardens and a 20-unit housing complex known as Crockett Fields. These developments operate under an affordable housing program assistance agreement with the state of Connecticut, addressing the critical need for housing for individuals in the community.
This information is meant to be a general summary of Orford Village Housing Development Corp C/O Malcolm Barlow Atty. 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: $32
- Program Service Revenue: $763,835
- Gross Receipts: $763,867
Assets and Liabilities:
- Total Assets: $5,816,096
- Total Liabilities: $3,324,169
- Net Assets: $2,491,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$754,734
STORAGE FEES
Revenue
$3,540
LAUNDRY/VENDING
Revenue
$3,181
APPLICATION FEES
Revenue
$2,230
LATE FEE
Revenue
$150
Organization Details
Phone
(860) 647-1113Principal Officer
Carl A Zinsser
Main Address
172 EAST CENTER STREET, MANCHESTER, CT, 06040
Website
www.krausegardens.comNTEE Category
Code: L22Z - Housing
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