Overview
What is Ocl Properties Xiv Inc?
Ocl Properties Xiv Inc is a nonprofit organization based in Ronkonkoma, New York, specifically at 25 Howard Place. Their primary mission is to provide housing for individuals struggling with chronic mental illnesses, as part of the U.S. Department of Housing and Urban Development's Section 811 program. They manage four scattered housing sites to accommodate a total of 13 residents. The organization's activities are centered around ensuring these individuals have a safe and stable living environment, contributing to their overall well-being.
Official website here: www.optionscl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Ocl Properties Xiv Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. The organization scored 100% on several key indicators, including having a fully independent board of directors and no material diversion of assets, indicating strong governance practices.
The charity's financial health is robust, with a program expense ratio of 74.20%, meaning that a significant portion of its expenditures is directed towards fulfilling its mission. Furthermore, the organization has clear policies in place for conflict of interest, whistleblower protection, and document retention, contributing to overall transparency and trust.
The organization has maintained a low liability-to-assets ratio of 1.64%, showcasing its solid financial footing. While the summary highlights numerous strengths, there are no specific limitations mentioned, emphasizing Ocl Properties Xiv Inc's commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Ocl Properties Xiv Inc legitimate?
Ocl Properties Xiv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocl Properties Xiv 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,754
For more financial information, click here
Official website here: www.optionscl.org
What is the mission statement of Ocl Properties Xiv Inc?
Ocl Properties Xiv Inc's mission is centered around providing housing for individuals battling chronic mental illness. This mission is carried out diligently, as evidenced by the housing of 13 such individuals under the U.S. Department of Housing and Urban Development - Section 811 program. The organization provides housing at four scattered locations, ensuring a comfortable living environment for those in need. By offering housing, Ocl Properties Xiv Inc aims to contribute positively to the well-being of these individuals, providing them with a safe and stable living situation.
Official website here: www.optionscl.org
Who is the CEO of Ocl Properties Xiv Inc?
Yolanda Robano-Gross is the Principal Officer of Ocl Properties Xiv Inc.
Official website here: www.optionscl.org
What is the revenue of Ocl Properties Xiv Inc?
Ocl Properties Xiv Inc's revenue in 2022 was $115,419.
Official website here: www.optionscl.org
Who are the executives of Ocl Properties Xiv Inc and what are their salaries?
There 12 volunteers at Ocl Properties Xiv Inc.
Here are 16 key members and their salaries:
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- Other: $35,411
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- Related: $167,894
- Other: $61,230
Official website here: www.optionscl.org
Where can I find the form 990 for Ocl Properties Xiv Inc?
Ocl Properties Xiv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.optionscl.org
Learn more at the official website: www.optionscl.org
Mission Statement of Ocl Properties Xiv Inc
Ocl Properties Xiv Inc, as a nonprofit organization, is dedicated to providing housing for individuals battling chronic mental illness. Their mission is centered around offering a home to these individuals, ensuring they have a secure and supportive living environment. The organization accomplishes this by providing housing for 13 individuals under the U.S. Department of Housing and Urban Development's Section 811 program. These individuals are housed at four scattered sites, ensuring their privacy and comfort. By providing housing, Ocl Properties Xiv Inc aims to contribute to their residents' overall well-being and help them manage their mental health challenges more effectively.
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Impact
October, 2024
Ocl Properties Xiv Inc significantly impacts the community by providing stable housing for individuals with chronic mental illness. By facilitating access to safe and supportive living environments, the organization helps to improve the quality of life for its residents, many of whom might otherwise struggle to find secure accommodation.
Located in Ronkonkoma, NY, the organization operates under the U.S. Department of Housing and Urban Development's Section 811 program, which specifically focuses on housing for people with disabilities. By managing four scattered sites, Ocl Properties Xiv Inc ensures that residents can live independently while also benefiting from a network of support tailored to their unique needs.
The provision of housing not only offers a roof over their heads but also fosters a sense of community and belonging, while reducing stigma associated with mental health issues. This positive environment allows residents to focus on their recovery and reintegration into society, ultimately promoting mental wellness and stability within the community.
This information is meant to be a general summary of Ocl Properties Xiv 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: $9
- Program Service Revenue: $41,210
- Gross Receipts: $115,419
Assets and Liabilities:
- Total Assets: $1,601,395
- Total Liabilities: $26,380
- Net Assets: $1,575,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$41,210
Organization Details
Founding Year
2009
Phone
(631) 361-9020Principal Officer
Yolanda Robano-Gross
Main Address
25 HOWARD PLACE, RONKONKOMA, NY, 11779
Website
www.optionscl.orgNTEE Category
Code: L21 - Housing
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