Overview
What is Oak Grove Development Corporation?
Oak Grove Development Corporation is a nonprofit organization situated in Champaign, Illinois. Their primary mission is to oversee the construction and rehabilitation of moderate and low-income housing. They strive to create, preserve, and revitalize affordable living spaces, serving a diverse range of households across Connecticut. Through partnerships or consultative services, they aim to promote a thriving community and offer residential services that empower residents to achieve personal growth and financial independence. Their work focuses on maintaining quality housing and ensuring a dynamic and viable living environment.
Is Oak Grove Development Corporation legitimate?
Oak Grove Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Grove Development Corporation 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 Oak Grove Development Corporation?
Oak Grove Development Corporation's mission is centered around creating, preserving, and revitalizing affordable housing opportunities for a diverse range of households. They aim to do this by engaging in partnerships or consultative services, promoting affordable housing activities across the state. Additionally, the corporation seeks to foster a vibrant community through leadership and collaborative activities. Their focus is on maintaining and managing high-quality housing, providing residential services, and offering residents the chance to experience personal growth and financial independence.
Who is the CEO of Oak Grove Development Corporation?
Lily Walton is the Ceo of Oak Grove Development Corporation. The CEO's salary of Oak Grove Development Corporation is $0 and their total compensation is $197,920.
What is the revenue of Oak Grove Development Corporation?
Oak Grove Development Corporation's revenue in 2022 was $228,947.
Who are the executives of Oak Grove Development Corporation and what are their salaries?
There 7 volunteers at Oak Grove Development Corporation.
Here are 8 key members and their salaries (Oak Grove Development Corporation's CEO's salary is $0 and their total compensation is $197,920):
- Compensation: $0
- Related: $180,800
- Other: $17,120
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oak Grove Development Corporation?
Oak Grove Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oak Grove Development Corporation
Oak Grove Development Corporation is committed to creating, preserving, and revitalizing affordable housing opportunities that cater to a diverse range of households. This mission extends beyond just housing, as the corporation also seeks to promote a dynamic and viable community through leadership and collaborative activities. By offering consultative services and partnerships, Oak Grove Development Corporation aims to stimulate affordable housing activity throughout Connecticut.
At the heart of their mission is a focus on maintaining and managing quality housing. This approach provides residents with the opportunity to achieve personal growth and financial independence. By providing residential services, Oak Grove Development Corporation actively contributes to the betterment of its residents, enabling them to thrive in their living environments. The corporation's mission is a testament to its dedication to enhancing the lives of its residents and fostering a sense of community.
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Impact
October, 2024
Oak Grove Development Corporation significantly impacts communities by focusing on the creation, preservation, and revitalization of affordable housing. The organization addresses the critical need for housing options that cater to a diverse mix of households, ensuring that moderate and low-income families have access to safe and quality living environments.
By overseeing construction and rehabilitation projects, the organization not only enhances the physical infrastructure but also contributes to the economic stability of communities. Its efforts promote personal growth and financial independence among residents, creating pathways for individuals to thrive. Collaborative partnerships and consultative services extend their reach, supporting affordable housing initiatives throughout Connecticut.
Through leadership and community engagement, Oak Grove Development Corporation fosters a dynamic community where residents can access the necessary resources and support to achieve their aspirations. The emphasis on quality housing and residential services directly influences the overall well-being of the community, establishing a foundation for lasting positive change.
This information is meant to be a general summary of Oak Grove Development Corporation. 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: $45
- Program Service Revenue: $229,067
- Gross Receipts: $228,947
Assets and Liabilities:
- Total Assets: $3,873,131
- Total Liabilities: $1,671,110
- Net Assets: $2,202,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$143,330
INTEREST INCOME - PROGRAM
Revenue
$64,109
RENTAL INCOME
Revenue
$21,628
Organization Details
Principal Officer
Lily Walton
Main Address
2008 N MARKET STREET, CHAMPAIGN, IL, 61820
NTEE Category
Code: L21 - Housing
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