Overview
What is Berks Housing Opportunities Inc?
Berks Housing Opportunities Inc, based in Reading, Pennsylvania, is a dedicated nonprofit organization that strives to provide affordable housing options. The organization has successfully renovated and rented out five properties on W. Wesner Rd, Hilltop Ave, and Portland Ave, demonstrating its commitment to the community. Berks Housing Opportunities Inc also seeks to expand its reach by acquiring and developing additional affordable housing in Berks County, either as a CHDO (Community Housing Development Organization) or through various public-private partnerships. In 2020, the organization purchased a property on Pine St, renovated it, and sold it to a qualified buyer in June 2021. Its primary mission is to promote affordable housing opportunities for individuals aged 55 and older, as well as those with disabilities, by developing and managing low and moderate housing units.
Is Berks Housing Opportunities Inc legitimate?
Berks Housing Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berks Housing Opportunities 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Berks Housing Opportunities Inc?
Berks Housing Opportunities Inc's mission is centered around promoting affordable housing opportunities. They actively develop and manage low and moderate housing for individuals who are 55 years old and above, as well as those with disabilities. The organization has successfully renovated and rented out several properties, and they are actively seeking new opportunities to acquire and develop additional affordable housing projects. Berks Housing Opportunities Inc operates as a Community Housing Development Organization (CHDO) and leverages various public/private partnerships to achieve its goals. Recently, they purchased a property, renovated it, and sold it to a qualified buyer.
Who is the CEO of Berks Housing Opportunities Inc?
Joseph Periandi is the President, D of Berks Housing Opportunities Inc.
What is the revenue of Berks Housing Opportunities Inc?
Berks Housing Opportunities Inc's revenue in 2022 was $156,669.
Who are the executives of Berks Housing Opportunities Inc and what are their salaries?
The average compensation at Berks Housing Opportunities Inc during 2022 was $10,000. There is 1 employee at Berks Housing Opportunities Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Berks Housing Opportunities Inc?
Berks Housing Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Berks Housing Opportunities Inc
Berks Housing Opportunities Inc, as a dedicated nonprofit organization, is committed to promoting affordable housing opportunities. Their mission is to develop and manage low and moderate housing for individuals aged 55 and older, as well as those with disabilities. By undertaking renovations and rentals of properties, Berks Housing Opportunities Inc strives to provide a comfortable living environment for these groups, thereby contributing to their overall well-being. The organization is continuously seeking new opportunities to expand its impact in Berks County, whether through its role as a CHDO (Community Housing Development Organization) or through various public-private partnerships. In 2020, Berks Housing Opportunities Inc demonstrated its commitment by purchasing a property, renovating it, and eventually selling it to a qualified buyer in 2021. This project underscores the organization's dedication to its mission and its ability to effectively manage and develop affordable housing opportunities.
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Impact
October, 2024
Berks Housing Opportunities Inc plays a crucial role in addressing the need for affordable housing in Berks County, particularly for individuals aged 55 and older and those with disabilities. By successfully completing the renovation and rental of five properties on W. Wesner Rd, Hilltop Ave, and Portland Ave, the organization has made a tangible impact on the community by enhancing the availability of low to moderate housing options.
In addition to these completed projects, Berks Housing Opportunities continues to seek new opportunities to acquire and develop affordable housing, demonstrating a proactive approach to meet the ongoing demand. The renovation of property on Pine St, which was purchased in 2020 and sold to a qualified buyer in June 2021, exemplifies the organization’s dedication to revitalizing neighborhoods and fostering community growth.
Through its capacity as a Community Housing Development Organization (CHDO) and collaborations with various public and private partners, Berks Housing Opportunities Inc is committed to expanding affordable housing solutions, ultimately improving the quality of life for residents in the area.
This information is meant to be a general summary of Berks Housing Opportunities 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: $4,267
- Program Service Revenue: $51,402
- Gross Receipts: $156,669
Assets and Liabilities:
- Total Assets: $1,066,402
- Total Liabilities: $245,483
- Net Assets: $820,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$51,402
Organization Details
Founding Year
1992
Phone
(610) 370-0822Principal Officer
Joseph Periandi
Main Address
1803 BUTTER LANE, READING, PA, 19606
NTEE Category
Code: L20 - Housing
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