Overview
What is Orange Housing Development Corporation?
Orange Housing Development Corporation (OHDC) is a nonprofit organization, headquartered in Orange, California, dedicated to improving housing opportunities for low-income individuals and families. In the fiscal year ending June 30, 2023, OHDC provided high-quality living spaces to over 2600 residents, confirming their low-income status through annual household income certifications. Established with a mission to expand affordable housing, OHDC operates as a nonprofit developer, working with local jurisdictions to construct, acquire, renovate, and manage permanent affordable housing units for low-income families and seniors. They do so either by directly owning properties or participating as a general partner in housing partnerships, often through Section 42 Limited Partnerships, which qualify under the Low-Income Housing Tax Credit Program. OHDC's involvement in these partnerships typically involves a minimal nonprofit contribution, ensuring the long-term provision of affordable housing for the community.
What are the reviews and ratings of this charity?
Orange Housing Development Corporation currently holds a 94% rating from Charity Navigator, which translates to a prestigious Four-Star out of Four Star rating. This high score reflects a strong emphasis on accountability and finance, indicating that the organization is managing its resources efficiently and responsibly. With 100% of its board members being independent, the organization showcases a robust governance structure, further enhancing its credibility within the nonprofit sector.
Strengths of the Orange Housing Development Corporation include a commendable program expense ratio of 93.64%, demonstrating that the majority of its funding is directed towards its mission rather than administrative costs. The organization excels in financial oversight, evidenced by perfect scores across multiple accountability measures such as their audit and oversight committee, conflict of interest policy, and whistleblower policy. This solid financial management suggests a commitment to transparency and ethical practices.
However, the organization has not yet been scored in areas such as impact measurement and community engagement. This lack of scoring might point to opportunities for growth in assessing and communicating the effectiveness of its programs and community outcomes. Additionally, while user reviews were not available, potential supporters might want to explore other resources for insights into community sentiment and experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Orange Housing Development Corporation legitimate?
Orange Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orange Housing 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: $466,265
Professional Fundraising Fees: $0
Other Salaries and Wages: $297,411
For more financial information, click here
What is the mission statement of Orange Housing Development Corporation?
The Orange Housing Development Corporation was established with the purpose of providing housing and related services to low-income individuals. As a nonprofit developer, it has collaborated with various local jurisdictions, engaging in the construction, acquisition, renovation, and management of affordable housing units for low-income families and seniors. The organization provides housing through both direct ownership and participation in housing partnerships. The mission-driven involvement in partnerships, such as Section 42 Limited Partnerships, which fall under the Low-Income Housing Tax Credit Program, supports the provision of long-term affordable housing. The nonprofit partner's role in these partnerships is typically minimal, often less than 1%, and may not require significant upfront capital contributions.
Who is the CEO of Orange Housing Development Corporation?
Eunice Bobert is the Chairman of Orange Housing Development Corporation. The CEO's salary of Orange Housing Development Corporation is $241,970 and their total compensation is $256,660.
What is the revenue of Orange Housing Development Corporation?
Orange Housing Development Corporation's revenue in 2023 was $9,379,326.
Who are the executives of Orange Housing Development Corporation and what are their salaries?
The average compensation at Orange Housing Development Corporation during 2023 was $127,279. There are 6 employees at Orange Housing Development Corporation.
Here are 9 key members and their salaries (Orange Housing Development Corporation's CEO's salary is $241,970 and their total compensation is $256,660):
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- Compensation: $241,970
- Related: $0
- Other: $14,690
- Compensation: $161,769
- Related: $0
- Other: $11,554
- Compensation: $100,721
- Related: $0
- Other: $7,291
Where can I find the form 990 for Orange Housing Development Corporation?
Orange Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Orange Housing Development Corporation
Orange Housing Development Corporation, as a nonprofit organization, was established with a mission to broaden housing opportunities for low-income families and seniors. This mission is carried out through various means, including developing, acquiring, renovating, and managing affordable housing units. The corporation participates in Section 42 Limited Partnerships, a program under the Low-Income Housing Tax Credit, to provide long-term, affordable housing solutions. In these partnerships, Orange Housing Development Corporation often contributes with a minimal ownership percentage, typically less than 1%, and may not even require an upfront significant capital contribution for many projects. This participation in housing partnerships is an extension of the corporation's commitment to providing sustainable, affordable housing solutions for low-income families and seniors.
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Impact
October, 2024
Orange Housing Development Corporation (OHDC) significantly impacts the community by providing high-quality housing solutions for low-income individuals and families. In the fiscal year ending June 30, 2023, OHDC supported over 2,600 residents, ensuring they have access to safe and affordable living conditions. The organization plays a crucial role in expanding housing opportunities through the acquisition, renovation, and management of permanent affordable housing units, specifically targeting low-income households and seniors in Orange, California.
By engaging in housing partnerships, OHDC actively participates in initiatives like the Low-Income Housing Tax Credit Program, allowing it to develop and maintain properties effectively. Often, their ownership stake in these partnerships is minimal, but their impact is substantial. This model enables OHDC to leverage resources and foster the development of affordable housing without significant upfront capital requirements. Ultimately, the corporation's mission-driven approach not only addresses immediate housing needs but also contributes to the stability and well-being of the community it serves.
This information is meant to be a general summary of Orange Housing 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 2023.
- Investment Income: $498,288
- Program Service Revenue: $8,881,038
- Gross Receipts: $9,379,326
Assets and Liabilities:
- Total Assets: $72,104,837
- Total Liabilities: $23,282,400
- Net Assets: $48,822,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,317,500
MGMT AND ADMIN FEES
Revenue
$1,879,099
DEVELOPER FEES
Revenue
$820,470
PARNERSHIP INCOME/LOSS
Revenue
$673,238
CANCELLATION OF DEBT I
Revenue
$131,471
Organization Details
Founding Year
1990
Phone
(714) 771-1439Principal Officer
Eunice Bobert
Main Address
414 E CHAPMAN AVENUE, ORANGE, CA, 928661510
NTEE Category
Code: Z99Z - Unknown
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