Overview
What is Ocl Properties Xi Inc?
Ocl Properties Xi Inc is a nonprofit organization situated in Ronkonkoma, New York, specifically at 25 Howard Place. Their primary mission is to provide housing for individuals suffering from chronic mental illness. This is facilitated through the U.S. Department of Housing and Urban Development's Section 811 program, which sees them house residents at four scattered sites. Their activities are centered around this objective, making them an essential resource for individuals in need of such support.
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 Xi Inc has achieved a strong rating of 97%, indicating a high level of accountability and financial management. This exceptional score reflects the organization's commitment to transparency and effective governance, with a perfect score of 100% in all accountability metrics. The organization boasts a fully independent board comprising 12 members, ensuring no conflicts of interest and fostering responsible oversight.
The financial health of Ocl Properties Xi Inc is also robust, evidenced by a low liabilities to assets ratio of 3.73% and a program expense ratio of 74.03%. This indicates that a significant majority of its expenditures are invested directly into its programs, demonstrating a focus on impact and mission delivery. Additionally, the organization maintains thorough policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to its strong operational integrity.
While the rating and financial metrics are impressive, potential donors and stakeholders might seek more information about specific program outcomes and overall impact. However, the current data strongly suggests that Ocl Properties Xi Inc operates with a high degree of professionalism and responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Ocl Properties Xi Inc legitimate?
Ocl Properties Xi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocl Properties Xi 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: $28,756
For more financial information, click here
Official website here: www.optionscl.org
What is the mission statement of Ocl Properties Xi Inc?
Ocl Properties Xi Inc's mission is centered around providing housing for individuals struggling with chronic mental illness. Their primary objective is to offer suitable living spaces for these individuals, as evidenced by their housing of 13 such individuals under the U.S. Department of Housing and Urban Development's Section 811 program. The organization houses its residents at various scattered locations. This mission aims to contribute to their residents' well-being and overall quality of life.
Official website here: www.optionscl.org
Who is the CEO of Ocl Properties Xi Inc?
Yolanda Robano-Gross is the Principal Officer of Ocl Properties Xi Inc.
Official website here: www.optionscl.org
What is the revenue of Ocl Properties Xi Inc?
Ocl Properties Xi Inc's revenue in 2022 was $96,392.
Official website here: www.optionscl.org
Who are the executives of Ocl Properties Xi Inc and what are their salaries?
There 12 volunteers at Ocl Properties Xi Inc.
Here are 16 key members and their salaries:
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- Related: $288,221
- Other: $35,411
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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 Xi Inc?
Ocl Properties Xi 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 Xi Inc
Ocl Properties Xi Inc, a nonprofit organization, is dedicated to providing housing for individuals struggling with chronic mental illness. Their mission is centered around offering a safe and stable living environment for these individuals, ensuring they receive the support they need to manage their condition effectively. Under the U.S. Department of Housing and Urban Development's Section 811 program, Ocl Properties Xi Inc houses 13 individuals with chronic mental illness at four scattered sites. By providing housing, the organization plays a crucial role in promoting their tenants' emotional well-being and overall quality of life.
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Impact
October, 2024
Ocl Properties Xi Inc plays a critical role in addressing the housing needs of individuals with chronic mental illness. By providing stable and dedicated housing, specifically designed for this vulnerable population, the organization supports their mental health and overall well-being.
Operating in Ronkonkoma, NY, Ocl Properties Xi Inc houses 13 individuals across four scattered sites, ensuring a community-based approach that fosters independence and integration into society. The organization is funded through the U.S. Department of Housing and Urban Development's Section 811 program, which focuses on providing affordable housing for people with disabilities.
The impact of Ocl Properties Xi Inc is profound, as stable housing significantly contributes to improved mental health outcomes, reduces the risk of homelessness, and enhances the quality of life for residents. By addressing the housing crisis faced by those with chronic mental illness, Ocl Properties Xi Inc not only transforms individual lives but also promotes a healthier, more inclusive community.
This information is meant to be a general summary of Ocl Properties Xi 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: $14
- Program Service Revenue: $34,381
- Gross Receipts: $96,392
Assets and Liabilities:
- Total Assets: $1,332,490
- Total Liabilities: $49,825
- Net Assets: $1,282,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$34,381
Organization Details
Founding Year
2007
Phone
(631) 361-9020Principal Officer
Yolanda Robano-Gross
Main Address
25 HOWARD PLACE, RONKONKOMA, NY, 11779
Website
www.optionscl.orgNTEE Category
Code: L20 - Housing
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