Overview
What is Ocl Properties Iv Inc?
Ocl Properties Iv Inc is a nonprofit organization based in Ronkonkoma, New York, specifically at 25 Howard Place. Their primary mission is to offer housing solutions for individuals struggling with chronic mental illness. In collaboration with the U.S. Department of Housing and Urban Development's Section 811 program, they provide housing for nine individuals at three distinct locations, ensuring that they maintain a stable living environment. The organization's focus on housing demonstrates a commitment to improving the quality of life for those dealing with chronic mental illness.
Official website here: www.optionscl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Ocl Properties IV Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its high performance in accountability and finance, with a score of 97%. The organization demonstrates a commitment to transparency and governance, highlighted by its fully independent board of directors and the absence of material diversion of assets. The presence of comprehensive policies such as conflict of interest and whistleblower policies further reinforces its ethical standards.
The nonprofit shows a strong financial health, with a liabilities to assets ratio of only 6.86%, indicating solid financial stability. Its program expense ratio stands at 70.66%, which suggests that a significant portion of its expenditures is directed towards fulfilling its mission rather than administrative costs. This focus on program spending is a positive indicator of the organization's effectiveness in delivering its services.
While the data on Ocl Properties IV Inc reflects a strong organizational framework and fiscal responsibility, potential donors and supporters should still investigate the specific programs and impact of the nonprofit to gain a full understanding of its contributions to the community. Overall, the high rating underscores the organization's reliability and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ocl Properties Iv Inc legitimate?
Ocl Properties Iv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocl Properties Iv 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,075
For more financial information, click here
Official website here: www.optionscl.org
What is the mission statement of Ocl Properties Iv Inc?
Ocl Properties Iv Inc, as a organization, is dedicated to providing housing solutions for individuals grappling with chronic mental illnesses. Their primary mission is to offer housing accommodations under the U.S. Department of Housing and Urban Development's Section 811 program. Currently, they provide housing for nine individuals with chronic mental illnesses across three scattered sites. The organization's aim is to provide a secure and supportive living environment for these individuals, enabling them to manage their conditions effectively.
Official website here: www.optionscl.org
Who is the CEO of Ocl Properties Iv Inc?
Yolanda Robano-Gross is the Principal Officer of Ocl Properties Iv Inc.
Official website here: www.optionscl.org
What is the revenue of Ocl Properties Iv Inc?
Ocl Properties Iv Inc's revenue in 2022 was $89,074.
Official website here: www.optionscl.org
Who are the executives of Ocl Properties Iv Inc and what are their salaries?
There 12 volunteers at Ocl Properties Iv Inc.
Here are 16 key members and their salaries:
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- Related: $167,894
- Other: $61,230
Official website here: www.optionscl.org
Where can I find the form 990 for Ocl Properties Iv Inc?
Ocl Properties Iv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.optionscl.org
Learn more at the official website: www.optionscl.org
Mission Statement of Ocl Properties Iv Inc
Ocl Properties Iv Inc, as a nonprofit organization, is dedicated to providing housing for individuals struggling with chronic mental illness. This mission is carried out by offering residences to nine individuals under the U.S. Department of Housing and Urban Development's Section 811 program. These individuals are housed at three scattered sites, ensuring a diverse living arrangement. By providing housing, Ocl Properties Iv Inc aims to contribute to the wellbeing and stability of individuals living with chronic mental illness, offering them a safe and supportive environment to call home.
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Impact
October, 2024
Ocl Properties IV Inc significantly impacts the community by providing essential housing for individuals with chronic mental illness. By offering safe and supportive living environments at three scattered sites, it enables nine residents to maintain stability and improve their quality of life. This initiative aligns with the U.S. Department of Housing and Urban Development's Section 811 program, ensuring that these individuals have access to adequate housing resources. The organization plays a crucial role in addressing the unique needs of this population, promoting social inclusion and mental well-being in Ronkonkoma, NY. Through its commitment to housing, Ocl Properties IV Inc fosters a compassionate community, helping residents to thrive and engage more fully in society.
This information is meant to be a general summary of Ocl Properties Iv 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 2022.
- Investment Income: $4
- Program Service Revenue: $30,732
- Gross Receipts: $89,074
Assets and Liabilities:
- Total Assets: $255,293
- Total Liabilities: $17,514
- Net Assets: $237,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$30,732
Organization Details
Founding Year
1997
Phone
(631) 361-9020Principal Officer
Yolanda Robano-Gross
Main Address
25 HOWARD PLACE, RONKONKOMA, NY, 11779
Website
www.optionscl.orgNTEE Category
Code: P73 - Human services
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