Overview
What is O'Fallon Preservation Nfp?
O'Fallon Preservation Nfp is a nonprofit organization situated in Chicago, Illinois, specifically at 325 N Wells 8th Floor, Illinois. Their primary mission is to offer safe, clean, and sanitary rental housing to the elderly community, serving a total of 144 families in 2022. The sponsor of this project is Hispanic Housing Development Corporation, a recognized exempt organization. This nonprofit's main activity is dedicated to providing suitable living conditions for the elderly population in O'Fallon, Illinois.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
O'Fallon Preservation Nfp has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall performance. The organization has a score of 72% in both overall and accountability & finance categories, which suggests it meets some basic operational expectations but lacks in certain critical areas. While it has achieved a high program expense ratio of 84.28%, reflecting a commitment to programmatic spending, the liabilities to assets ratio raises concerns, indicating potential financial risk.
Strengths of O'Fallon Preservation Nfp include a fully independent board with 66% of its members being independent, as well as strong policies in place for conflict of interest, whistleblower protections, and document retention. The financial oversight mechanisms are commendable, demonstrated by their perfect score on audit and oversight committee practices. However, the organization struggles with the size and independence of its board, as evidenced by low scores in those areas.
The executive compensation for key personnel is notably high, with salaries for top positions reaching over $400,000, which may be a point of contention among stakeholders concerned about financial stewardship. Overall, while O'Fallon Preservation Nfp demonstrates commitment to its programs and maintains some robust governance policies, its financial health and leadership structure require attention to improve its rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is O'Fallon Preservation Nfp legitimate?
O'Fallon Preservation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. O'Fallon Preservation Nfp 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: $202,219
For more financial information, click here
What is the mission statement of O'Fallon Preservation Nfp?
O'Fallon Preservation Nfp's mission is centered around providing safe, decent, and sanitary rental housing for the elderly. This non-profit organization strives to meet this goal by operating an apartment complex, serving a total of 144 families in 2022. The sponsor of this project is the Hispanic Housing Development Corporation, which is a tax-exempt organization. In essence, O'Fallon Preservation Nfp is dedicated to enhancing the living conditions of the elderly by offering clean, secure, and hygienic rental housing.
Who is the CEO of O'Fallon Preservation Nfp?
Hipolito Roldan is the President of O'Fallon Preservation Nfp.
What is the revenue of O'Fallon Preservation Nfp?
O'Fallon Preservation Nfp's revenue in 2022 was $1,231,952.
Who are the executives of O'Fallon Preservation Nfp and what are their salaries?
There 2 volunteers at O'Fallon Preservation Nfp.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $410,579
- Other: $64,610
- Compensation: $0
- Related: $218,356
- Other: $48,291
- Compensation: $0
- Related: $167,672
- Other: $28,243
- Compensation: $0
- Related: $113,510
- Other: $32,312
- Compensation: $0
- Related: $155,042
- Other: $28,810
- Compensation: $0
- Related: $137,494
- Other: $17,702
- Compensation: $0
- Related: $114,379
- Other: $26,659
Where can I find the form 990 for O'Fallon Preservation Nfp?
O'Fallon Preservation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of O'Fallon Preservation Nfp
O'Fallon Preservation Nfp, as a nonprofit organization, is dedicated to providing safe, decent, and sanitary rental housing for the elderly. This mission is at the heart of their activities, striving to create an environment where seniors can reside comfortably and securely. In 2022, they served 144 families, demonstrating their commitment to this cause. The sponsor of this project is the Hispanic Housing Development Corporation, a nonprofit organization that shares a similar focus on providing affordable housing solutions.
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Impact
October, 2024
O'Fallon Preservation Nfp significantly impacts the community by offering safe, decent, and sanitary rental housing specifically tailored for the elderly population in O'Fallon, Illinois. In 2022, it served 144 families, providing them with stable living conditions that promote health, security, and independence. The organization operates an apartment complex that caters to the unique needs of older adults, ensuring they have access to quality housing in a supportive environment. By addressing the critical issue of affordable housing for seniors, O'Fallon Preservation Nfp enhances the quality of life for its residents and fosters a sense of community among its tenants.
This information is meant to be a general summary of O'Fallon Preservation Nfp. 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: $961
- Program Service Revenue: $1,163,992
- Gross Receipts: $1,231,952
Assets and Liabilities:
- Total Assets: $5,043,286
- Total Liabilities: $5,821,989
- Net Assets: -$778,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,153,802
LAUNDRY AND VENDING
Revenue
$10,190
Organization Details
Founding Year
2006
Phone
(312) 602-6500Principal Officer
Hipolito Roldan
Main Address
325 N WELLS 8TH FLOOR, CHICAGO, IL, 60654
NTEE Category
Code: L22 - Housing
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