Overview
What is Holie Inc?
Holie Inc, located in Milwaukee, Wisconsin, is a nonprofit organization dedicated to supporting elderly housing. Through sponsorship of HUD housing projects, they aim to enhance the availability of suitable living spaces within their service area. The financial aid provided by Holie Inc is utilized during the acquisition, construction, and operation of these properties, thereby contributing to the well-being of the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
Holie Inc has received a low rating from Charity Navigator, indicating significant concerns in its accountability and financial practices. While the organization boasts an independent board with full marks for independence and lack of asset diversion, it falls short in critical areas such as transparency and policy implementation.
Key weaknesses include the absence of essential policies like a conflict of interest policy and a whistleblower policy, which are crucial for maintaining integrity and accountability. Additionally, the organization has not adequately posted important documents such as tax forms on its website, further diminishing trust among potential donors and stakeholders.
Overall, while Holie Inc demonstrates some strengths in governance, its financial management and lack of transparency raise serious concerns. Potential supporters should consider these factors carefully before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Holie Inc legitimate?
Holie Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holie 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:
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What is the mission statement of Holie Inc?
Holie Inc, as a sponsor, focuses on supporting and increasing the availability of elderly housing within its service area through various HUD housing projects. The organization utilizes its funds during the acquisition, construction, and ongoing operations of these properties to achieve this goal. By doing so, Holie Inc aims to contribute to the well-being of the elderly population by providing them with suitable living arrangements.
Who is the CEO of Holie Inc?
Reverend Fred Thomas-Breitfeld is the Director of Holie Inc.
What is the revenue of Holie Inc?
Holie Inc's revenue in 2022 was $14,631.
Who are the executives of Holie Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Holie Inc?
Holie Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holie Inc
Holie Inc, a nonprofit organization, is committed to supporting and increasing the availability of elderly housing in its service area. They accomplish this mission by sponsoring HUD housing projects. These initiatives provide essential funding for the acquisition, construction, and ongoing operation of senior living facilities. By doing so, Holie Inc plays a vital role in ensuring that the elderly population has access to safe and secure housing, contributing to their overall well-being and quality of life. The organization's efforts in sponsoring HUD housing projects have been instrumental in expanding the elderly housing options within its reach, thereby addressing the housing needs of this demographic effectively.
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Impact
August, 2024
Holie Inc's impact is focused on sponsoring HUD housing projects to support and increase the availability of elderly housing in its service area. By utilizing support funds for the acquisition, construction, and current operations of these properties, Holie Inc plays a crucial role in providing essential housing opportunities for the elderly population in Milwaukee, WI. Through their dedicated efforts, Holie Inc contributes significantly to addressing the housing needs of the elderly and enhancing their quality of life.
This information is meant to be a general summary of Holie 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: $14,631
- Gross Receipts: $14,631
Assets and Liabilities:
- Total Assets: $1,109,721
- Total Liabilities: $0
- Net Assets: $1,109,721
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Organization Details
Founding Year
1970
Phone
(414) 545-2828Principal Officer
Reverend Fred Thomas-Breitfeld
Main Address
4535 WEST OKLAHOMA AVENUE, MILWAUKEE, WI, 53219
NTEE Category
Code: L22 - Housing
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