Overview
What is On Lok House Of Philadelphia Inc?
On Lok House of Philadelphia Inc is a nonprofit organization situated in Philadelphia, Pennsylvania. With a focus on supporting senior citizens and individuals of low to moderate income, they provide essential housing services. This includes the preparation and serving of meals to their tenants, ensuring their daily nutritional needs are met. The organization's primary mission is to operate rental housing for low-income or elderly individuals with disabilities, offering them a safe and suitable living environment. With a team of 7 dedicated individuals, On Lok House of Philadelphia Inc aims to enhance the quality of life for those in need within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
On Lok House Of Philadelphia Inc has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The organization scored 79% overall, reflecting strong governance practices and a commitment to transparency, particularly with an independent board comprising 100% independent members.
Strengths highlighted include an impressive program expense ratio of 96.18%, which signifies that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the charity maintains robust policies regarding conflict of interest, whistleblower protections, and document retention, further showcasing its dedication to ethical management and oversight.
However, the organization did receive a lower score in the liabilities to assets ratio, at 86.90%, suggesting potential concerns regarding financial sustainability. While the charity demonstrates strong operational practices, this aspect may require attention to ensure ongoing viability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is On Lok House Of Philadelphia Inc legitimate?
On Lok House Of Philadelphia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. On Lok House Of Philadelphia 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: $165,684
For more financial information, click here
What is the mission statement of On Lok House Of Philadelphia Inc?
On Lok House of Philadelphia Inc's mission revolves around providing rental housing for individuals who are either low-income or elderly, and who have disabilities. Their primary objective is to offer a housing solution for this specific demographic. The organization also provides associated services, such as meal preparation and serving, to enhance the living experience of their tenants, particularly senior citizens and individuals with moderate income. By offering housing and related services, On Lok House of Philadelphia Inc aims to contribute positively to the well-being and quality of life of its residents.
Who is the CEO of On Lok House Of Philadelphia Inc?
Gary Ng is the President of On Lok House Of Philadelphia Inc.
What is the revenue of On Lok House Of Philadelphia Inc?
On Lok House Of Philadelphia Inc's revenue in 2022 was $1,273,589.
Who are the executives of On Lok House Of Philadelphia Inc and what are their salaries?
The average compensation at On Lok House Of Philadelphia Inc during 2022 was $23,669. There are 7 employees and 15 volunteers at On Lok House Of Philadelphia Inc.
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Where can I find the form 990 for On Lok House Of Philadelphia Inc?
On Lok House Of Philadelphia Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of On Lok House Of Philadelphia Inc
On Lok House of Philadelphia Inc, as a nonprofit organization, is dedicated to providing rental housing for low-income individuals and the elderly with disabilities. Its mission is centered around operating housing units that cater to this specific demographic, offering them a safe and supportive living environment. Beyond the provision of housing, the organization also provides various services related to senior care and support for individuals with moderate income levels. This includes preparing and serving meals to its tenants, ensuring their overall well-being and nutrition. In summary, On Lok House of Philadelphia Inc operates as a housing provider for vulnerable populations, providing them with not only a place to live but also essential services to improve their quality of life.
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Impact
October, 2024
On Lok House of Philadelphia Inc significantly enhances the quality of life for low-income or elderly individuals with disabilities by providing affordable rental housing options. Their comprehensive approach includes the preparation and serving of meals, which ensures that tenants not only have a safe place to live but also receive essential nutritional support. This fosters an environment of care and community, addressing both housing needs and social well-being in Philadelphia. By catering specifically to senior citizens and individuals with low to moderate income, On Lok House plays a vital role in promoting stability, independence, and dignity among some of the city's most vulnerable populations.
This information is meant to be a general summary of On Lok House Of Philadelphia 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: $1,215
- Program Service Revenue: $213,739
- Gross Receipts: $1,273,589
Assets and Liabilities:
- Total Assets: $3,133,581
- Total Liabilities: $2,723,106
- Net Assets: $410,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$213,739
Organization Details
Founding Year
1979
Phone
(610) 834-1001Principal Officer
Gary Ng
Main Address
219 NORTH 10TH STREET, PHILADELPHIA, PA, 19107
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