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.
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.
Here 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
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.
Impact
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.
Thursday, August 15, 2024
Oakland Affordable Housing Preservation Initiative's impact is centered on acquiring, developing, leasing, financing, rehabilitating, owning, and operating decent, safe, and sanitary housing that is affordable to low-income individuals and households where adequate housing is lacking. Additionally, it works to lessen the burdens on government by acquiring housing for low-income individuals and households that was previously owned by the Oakland Housing Authority and continuing to operate it for those in need. Furthermore, the organization promotes social welfare through activities related to the development of housing for low-income individuals and households.
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.
- Assets and Liabilities:
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) 874-1513
Principal Officer
Patricia Wells
Main Address
1619 HARRISON STREET, OAKLAND, CA, 94612
NTEE Category
Code: L21 - Housing
If you are a representative of Oakland Affordable Housing Preservation Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.