Overview
What is Oakland Affordable Housing Preservation Initiative?
The Oakland Affordable Housing Preservation Initiative (OAHPI) is a nonprofit organization dedicated to acquiring, developing, leasing, financing, rehabilitating, owning, and operating affordable housing for people and households of low income in Oakland, California. Previously owned by the Oakland Housing Authority (OHA) as low-income public housing, these properties now operate under OAHPI and provide decent, safe, and sanitary housing for those in need. To further support the community, OAHPI also promotes social welfare by carrying out related activities and undertaking other initiatives that benefit and strengthen the organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
The Oakland Affordable Housing Preservation Initiative has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The score reflects the organization’s strong performance in financial oversight, with an impressive 95.75% of its expenses allocated to programs. This highlights a strong commitment to its mission of providing affordable housing solutions.
The organization benefits from a highly independent board, with 66% of members serving independently, which supports effective governance and oversight. The absence of material diversion of assets and the presence of a conflict of interest policy further enhance its credibility. Additionally, the organization documents its board meeting minutes, contributing to transparency.
Despite its strengths, the overall score is solely based on accountability and finance, lacking ratings in other areas like community impact or program effectiveness. While the financial practices are solid, potential donors may want to consider additional factors before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Oakland Affordable Housing Preservation Initiative legitimate?
Oakland Affordable Housing Preservation Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakland Affordable Housing Preservation Initiative 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: $0
For more financial information, click here
What is the mission statement of Oakland Affordable Housing Preservation Initiative?
The Oakland Affordable Housing Preservation Initiative is dedicated to providing decent, safe, and sanitary housing for individuals and households of low income, where such housing is inadequate. It aims to reduce government burdens by acquiring and operating housing previously owned by the Oakland Housing Authority as low income public housing. Furthermore, the organization fosters social welfare through activities related to the development of affordable housing, and engages in various other initiatives as determined by its board of directors to benefit and support the organization.
Who is the CEO of Oakland Affordable Housing Preservation Initiative?
Patricia Wells is the Secretary of Oakland Affordable Housing Preservation Initiative.
What is the revenue of Oakland Affordable Housing Preservation Initiative?
Oakland Affordable Housing Preservation Initiative's revenue in 2022 was $39,471,657.
Who are the executives of Oakland Affordable Housing Preservation Initiative and what are their salaries?
There 2 volunteers at Oakland Affordable Housing Preservation Initiative.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $303,592
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oakland Affordable Housing Preservation Initiative?
Oakland Affordable Housing Preservation Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oakland Affordable Housing Preservation Initiative
The Oakland Affordable Housing Preservation Initiative is a dedicated organization with a mission to provide decent, safe, and sanitary housing for individuals and households of low income, particularly in areas where such housing is scarce. The initiative aims to acquire, develop, lease, finance, rehabilitate, own, and operate affordable housing units, offering a viable solution for those in need. Furthermore, the organization seeks to reduce government burden by acquiring leasehold or fee interests in previously owned low-income public housing units by the Oakland Housing Authority (OHA). These properties will then be continued to operate as affordable housing for low-income households.
In addition to its primary objectives, the Oakland Affordable Housing Preservation Initiative is committed to promoting social welfare. It does this by engaging in activities related to the development of housing for low-income groups. The organization's efforts extend beyond the mere provision of housing, as it strives to support its tenants and the community at large. The Board of Directors determines and undertakes various activities that benefit and strengthen the organization, ensuring its continued success in fulfilling its mission.
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Impact
August, 2024
The Oakland Affordable Housing Preservation Initiative is actively working to acquire, develop, lease, finance, rehabilitate, own, and operate decent, safe, and sanitary housing that is affordable for persons and households of low income. By taking on this mission, they are addressing the critical issue of inadequate housing for these vulnerable groups. Additionally, by acquiring leasehold or fee interests in housing previously owned by the Oakland Housing Authority and continuing to operate it for low-income households, they are lessening the burdens on government resources. Overall, their efforts are aimed at promoting social welfare through the development of housing for low-income individuals and families, contributing to the betterment of the community.
This information is meant to be a general summary of Oakland Affordable Housing Preservation Initiative. 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: $91,180
- Program Service Revenue: $39,374,336
- Gross Receipts: $39,471,657
Assets and Liabilities:
- Total Assets: $137,710,124
- Total Liabilities: $15,112,001
- Net Assets: $122,598,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$39,374,336
Organization Details
Founding Year
2009
Phone
(510) 874-1513Principal Officer
Patricia Wells
Main Address
1619 HARRISON STREET, OAKLAND, CA, 94612
NTEE Category
Code: L11 - Housing
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